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Productivity and the product scope of multi-product firms : a test of Feenstra-Ma
Raff, Horst; Wagner, Joachim - 2012 - This version: December 7, 2012
firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect". Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and … evidence is in line with the results from the theoretical model. -- multi-product firms ; productivity ; optimal product scope …
Persistent link: https://www.econbiz.de/10009672241
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Individual exchange rate forecasts and expected fundamentals
Dick, Christian D.; MacDonald, Ronald; Menkhoff, Lukas - 2011
This paper suggests that exchange rates are related to economic fundamentals over medium-term horizons, such as a month or longer. We find from a large panel of individual professionals' forecasts that good exchange rate forecasts benefit from the proper understanding of fundamentals,...
Persistent link: https://www.econbiz.de/10009374424
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What's on their mind : do exchange rate forecasters stick to theoretical models?
Schröder, Michael; Dornau, Robert - 1999
Do financial market analysts use structural economic models when forecasting exchange rates? This is the leading question analysed in this paper. In contrast to other studies we use expectations data instead of observable variables. Therefore we analyse the implicit structural models forecasters...
Persistent link: https://www.econbiz.de/10011442397
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Exchange rate expectations of chartists and fundamentalists
Dick, Christian D.; Menkhoff, Lukas - 2012
This paper provides novel evidence on exchange rate expectations of both chartists and fundamentalists separately. These groups indeed form expectations differently. Chartists change their expectations more often; however, all professionals' expectations vary considerably as they generally...
Persistent link: https://www.econbiz.de/10009521123
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Share of exports to low-income countries, productivity, and innovation : a replication study with firm-level data from six European countries
Wagner, Joachim - 2015 - This version: July 21, 2015
manufacturing firms. First, there is a negative correlation between firms' productivity and their export share to low … found between the share of exports to lowincome countries and either productivity or R&D intensity is never in line with the …
Persistent link: https://www.econbiz.de/10011298736
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Green innovations and organizational change : making better use of environmental technology
Hottenrott, Hanna; Rexhäuser, Sascha; Veugelers, Reinhilde - 2014 - This version - February 2014
This study investigates productivity effects to firms introducing new environmental technologies. The literature on … within-firm organisational change and productivity suggests that firms can get higher productivity effects from adopting new … productivity. The simultaneous implementation of organisational innovations, however, increases the returns to the adoption of …
Persistent link: https://www.econbiz.de/10010238378
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Low-productive exporters are high-quality exporters : evidence from Germany
Wagner, Joachim - 2014 - This version: February 6, 2014
-exporters. However, many firms from the lower end of the productivity distribution are exporters. Germany is a case in point. A recent … study reports that these low-productivity exporters are not marginal exporters defined according to the share of exports in … exports is much higher among exporters from the lower end of the productivity distribution than among highly productive …
Persistent link: https://www.econbiz.de/10010239335
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Product market competition, corporate governance and firm performance : an empirical analysis for Germany
Januszewski, Silke I.; Köke, F. Jens; Winter, Joachim - 1999
Productivity growth has been slow in many continental European countries over the last few decades, especially in … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10011443499
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Allocation of human capital and innovation at the frontier : firm-level evidence on Germany and the Netherlands
Bartelsmann, Eric; Dobbelaere, Sabien; Peters, Bettina - 2014
This paper examines how productivity effects of human capital and innovation vary at different points of the … conditional productivity distribution. Our analysis draws upon two large unbalanced panels of 6,634 enterprises in Germany and 14 … performance distributions are more dispersed. In both countries, we observe non-linearities in the productivity effects of …
Persistent link: https://www.econbiz.de/10010405991
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Combining technology and work organization : an analysis of complementarity between IT and decentralization across firms of different size
Rasel, Fabienne - 2014
productivity but the combination of IT and decentralization does not yield a productivity premium. Contrarily, for the sample of … larger firms, the results show that the productivity of IT depends positively on decentralization. The findings suggest that …
Persistent link: https://www.econbiz.de/10010416339