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Choosing between Growth and Glory
Belenzon, Sharon - 2018
Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential tradeoff between two objectives: rapid growth and reaping the benefits of a positive reputation...
Persistent link: https://www.econbiz.de/10012480556
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Resource Misallocation in European Firms : The Role of Constraints, Firm Characteristics and Managerial Decisions
Gorodnichenko, Yuriy - 2018
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10012453270
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The Effects of Going Public on Firm Performance and Commercialization Strategy : Evidence from International IPOs
Larrain, Borja; Phillips, Gordon M.; Sertsios, Giorgo; … - National Bureau of Economic Research - 2021
We study the effects of going public using a unique panel of firms in 16 European countries for which we observe financial data before and after firms' initial-public-offering (IPO) attempts. We compare firms that complete their IPO with firms that withdraw their IPO. We instrument the going...
Persistent link: https://www.econbiz.de/10012629439
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Institutions, Capital Constraints and Entrepreneurial Firm Dynamics : Evidence from Europe
Desai, Mihir - 2003
We explore the impact of the institutional environment on the nature of entrepreneurial activity across Europe … activity in the emerging markets of Europe, but not in the more mature economies of Europe. Greater fairness and greater …
Persistent link: https://www.econbiz.de/10012468529
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Business environment and firm entry : evidence from international data
Klapper, Leora - 2004
"Using a comprehensive database of firms in Western and Eastern Europe, we study how the business environment in a …
Persistent link: https://www.econbiz.de/10010523101
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Convergent Evolution Toward the Joint-Stock Company
Le Bris, David; Goetzmann, William N.; Pouget, Sébastien - National Bureau of Economic Research - 2023
companies in England and the Netherlands in the early 17th century. Highlighting medieval cases in southern Europe, we claim …
Persistent link: https://www.econbiz.de/10014436952
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The Topography of Nations
Allen, Treb - National Bureau of Economic Research - 2023
simple algorithm for its calculation. When combined with detailed spatial geography data from Europe, the equilibrium …
Persistent link: https://www.econbiz.de/10014421232
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Why Doesn't the US Have a European-Style Welfare System?
Alesina, Alberto - 2001
these factors appear to explain the differences between the US and Europe. Instead, the differences appear to be the result …
Persistent link: https://www.econbiz.de/10012470194
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A Century of Missing Trade?
Estevadeordal, Antoni - 2001
In contemporary data, the measured factor content of trade is far smaller than its predicted magnitude in the pure Heckscher-Ohlin-Vanek framework, the so-called 'missing trade' mystery. We wonder if this problem has been there from the beginning: that is, we ask if the Heckscher-Ohlin theory...
Persistent link: https://www.econbiz.de/10012470423
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Inequality and Happiness : Are Europeans and Americans Different?
Alesina, Alberto - 2001
happiness,' we find that there is a large, negative and significant effect of inequality on happiness in Europe but not in the … Europe inequality makes the poor unhappy, as well as the leftists. This favors the hypothesis that inequality affects … right). The results help explain the greater popular demand for government to fight inequality in Europe relative to the US …
Persistent link: https://www.econbiz.de/10012470526