Showing 1 - 10 of 1,033
We develop a theory of multiproduct firms to analyze the effects of globalization on the distributions of firm size … have lower values of Tobin's Q than small firms. Second, it explains the globalization-skewness puzzle documented in the … our model, globalization not only affects the distribution of observed productivities but also productivity at the firm …
Persistent link: https://www.econbiz.de/10012466343
Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their … between globalization and innovation does not differ across the manufacturing and service sectors …
Persistent link: https://www.econbiz.de/10012464166
. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
Persistent link: https://www.econbiz.de/10012459252
globalization. Using this framework we discuss recent work on measuring the impact of various shocks firms face in the global …
Persistent link: https://www.econbiz.de/10012459354
deleveraging is associated with a reduction in firm revenue and employment growth. Exploiting sectoral variation, we find that the …
Persistent link: https://www.econbiz.de/10012480877
This paper provides causal evidence of the impact of industrial policy on firms' long-term performance and quantifies industrial policy's long-term welfare effects. Using a natural experiment and unique historical data during the Heavy and Chemical Industry (HCI) Drive in South Korea, we find...
Persistent link: https://www.econbiz.de/10012629483
We argue that greater misallocation is a key driver of the worse management practices in Mexico compared to the US. These management practices are strongly associated with higher productivity, growth, trade, and innovation. One indicator of greater misallocation in Mexico is the weaker...
Persistent link: https://www.econbiz.de/10012938686
Using transactions-level customs data from Colombia, we study firm-specific export patterns over the period 1996-2005. Our data allow us to track firms' entry and exit into and out of individual destination markets, as well as their revenues from selling there. We find that, in a typical year,...
Persistent link: https://www.econbiz.de/10012465115
In recent years, international capital flows of all types have increased dramatically and most governments have been actively encouraging inflows of direct investment. However, concerns remain that reliance on foreign multinationals may be a risky development strategy as foreign firms are likely...
Persistent link: https://www.econbiz.de/10012468657
We provide a new model that generates persistent performance differences amongst seemingly similar enterprises. Our model provides a mechanism whereby efficient incumbent rivals can give permission for an inefficient firm to exist in the presence of efficient entrants. We demonstrate that, in a...
Persistent link: https://www.econbiz.de/10012458155