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Is the U.S. public corporation in trouble?

Kahle, Kathleen - 2016

We examine the current state of the U.S. public corporation and how it has evolved over the last 40 years. After falling by 50 percent since its peak in 1997, the number of public corporations is now smaller than 40 years ago. These corporations are now much larger and over the last twenty years...

Persistent link: https://www.econbiz.de/10012455823

The Structure and Formation of Business Groups : Evidence from Korean Chaebols

Almeida, Heitor - 2009

In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean chaebols. In particular, we attempt to understand how pyramids form over time. We find that chaebols grow vertically (that is, pyramidally) as the family uses well-established group...

Persistent link: https://www.econbiz.de/10012463666

The Conglomerate Network

Ahern, Kenneth R.; Kong, Lei; Yan, Xinyan - National Bureau of Economic Research - 2021

This paper proposes a network model of the economy in which conglomerate firms transmit idiosyncratic shocks from one … industry to another. The strength of inter-industry connections is determined by the conglomerate's share of total industry … sales and by the industry's share of the conglomerate's total sales. The empirical results show that industry growth rates …

Persistent link: https://www.econbiz.de/10012533386

Organizational Frictions and Increasing Returns to Automation : Lessons from AT&T in the Twentieth Century

Feigenbaum, James J.; Gross, Daniel P. - National Bureau of Economic Research - 2021

AT&T was the largest U.S. firm for most of the 20th century. Telephone operators once comprised over 50% of its workforce, but in the late 1910s it initiated a decades-long process of automating telephone operation with mechanical call switching--a technology first invented in the 1880s. We...

Persistent link: https://www.econbiz.de/10012794608

Federal Reserve Structure and the Production of Monetary Policy Ideas

Bordo, Michael D.; Prescott, Edward Simpson - National Bureau of Economic Research - 2023

We evaluate the decentralized structure of the Federal Reserve System as a mechanism for generating and processing new ideas on monetary policy over the 1960 - 2000 period. We document the introduction of monetarism, rational expectations, credibility, transparency, and other monetary policy...

Persistent link: https://www.econbiz.de/10014437046

Management and Misallocation in Mexico

Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - National Bureau of Economic Research - 2022

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

Falling Rates and Rising Superstars

Kroen, Thomas; Liu, Ernest; Mian, Atif; Sufi, Amir - National Bureau of Economic Research - 2021

Do low interest rates contribute to the rise in market concentration? Using data on firm financials and high frequency monetary policy shocks, we find that falling interest rates disproportionately benefit industry leaders, especially when the initial interest rate is already low. Falling rates...

Persistent link: https://www.econbiz.de/10012660046

Communication within Firms : Evidence from CEO Turnovers

Impink, Stephen Michael; Prat, Andrea; Sadun, Raffaella - National Bureau of Economic Research - 2021

This paper uses novel, firm-level measures derived from communications metadata before and after a CEO transition in 102 firms to study if CEO turnover impacts employees' communication flows. We find that CEO turnover leads to an initial decrease in intra-firm communication, followed by a...

Persistent link: https://www.econbiz.de/10012599332

An Anatomy of U.S. Firms Seeking Trademark Registration

Dinlersoz, Emin M. - 2018

This paper reports on the construction of a new dataset that combines data on trademark applications and registrations from the U.S. Patent and Trademark Office with data on firms from the U.S. Census Bureau. The resulting dataset allows tracking of various activity related to trademark use and...

Persistent link: https://www.econbiz.de/10012480691

Working Remotely and the Supply-side Impact of Covid-19

Papanikolaou, Dimitris - 2020

We analyze the supply-side disruptions associated with Covid-19 across firms and workers. To do so, we exploit differences in the ability of workers across industries to work remotely using data from the American Time Use Survey (ATUS). We find that sectors in which a higher fraction of the...

Persistent link: https://www.econbiz.de/10012481524

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