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Profit Testing of Profit Sharing Life Insurance Policies in the Presence of Extreme Risks
Le Courtois, Olivier; Shen, Li - 2023
This paper examines the profit testing of life insurance companies that issue participating policies, type B and type A … stochastic and modeled by normal or variance gamma distributions. We rely on the stochastic profit testing techniques introduced … the profit testing indicators. We show that the variance gamma model results in more conservative predictions - in a …
Persistent link: https://www.econbiz.de/10014356168
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Productivity analysis by using firm-level data: The case of Macedonia
Jovanovic, Biljana - 2018
Productivity, the efficiency by which firms convert inputs into output is central concept in growth related discussions. This research is focused on analyzing productivity on a sample of Macedonian firms. The goal is twofold - first, to construct productivity indicators by using firm-level data,...
Persistent link: https://www.econbiz.de/10012109772
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Resources on the stage: A firm level analysis of the ICT adoption in Turkey
Fındık, Derya; Tansel, Aysit - 2015
This study examines the impact of firm resources on ICT adoption by the Turkish business enterprises using firm level data. ICT adoption is measured at three levels: The first level is technology ownership. The second level is the presence of enterprise resource planning (ERP) and customer...
Persistent link: https://www.econbiz.de/10011440124
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Not your average firm: A quantile regression approach to the firm level investment
Sündal, Doguhan - 2021
responsiveness to the profit rate. Second and of broader political economic note, it finds a decline in the responsiveness of firm …
Persistent link: https://www.econbiz.de/10013269253
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Recruiting for Small Business Growth: Micro-level Evidence
Gidehag, Anton; Lodefalk, Magnus - 2016
We examine the link between new employees in leading positions and subsequent productivity in small- and medium-sized (SME) enterprises. Managers and professionals are likely to possess important tacit knowledge. They are also in a position to influence the employing firm. Exploiting rich and...
Persistent link: https://www.econbiz.de/10012654417
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The Effect of Hiring Top Workers on Productivity: What is the Role of Absorptive Capacity?
Lodefalk, Magnus; Tang, Aili - 2017
We examine heterogeneous productivity effects of hiring top workers on small and medium-sized enterprises, using longitudinal employer-employee data. We find the productivity effect to be stronger for firms with higher absorptive capacity in terms of having a well-educated workforce, being in a...
Persistent link: https://www.econbiz.de/10012654420
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Export and firms' performance in North Macedonia: self selection or learning by doing?
Jovanovic, Biljana - 2020
Export is an important contributor to growth with numerous direct and indirect macroeconomic benefits. Moreover, firms engaged in exporting activity tend to have superior characteristics compared to their non-exporting peers. The paper is focused on identifying reasons behind this superiority of...
Persistent link: https://www.econbiz.de/10012705286
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Markups from inventory data and export intensity
Milicevic, Teodora Borota; Carlsson, Mikael - 2016
In this paper we propose a novel method for the price-cost markup estimation and study the relationship between export intensity and the markup. We impose much less restrictive identifying assumptions on technology and adjustment frictions compared to previous studies and use Swedish firm-level...
Persistent link: https://www.econbiz.de/10011716926
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A new cost efficiency measure for not-for-profit firms: Evidence of a link between inefficiency and large endowments
Hughes, Joseph P. - 2011
, both for firms that are for profit as well as not for profit. The data on not-for-profits obtained from the IRS Form 990 …-practice cost and the extent to which an organization's administrative costs exceed best practice. Using the Form 990 data, this … a best-practice cost frontier to gauge the relative efficiency of not-for-profit organizations. Focusing on not-for-profit …
Persistent link: https://www.econbiz.de/10010282849
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Resource misallocation and TFP gap development in Austria
Sellner, Richard; Pintar, Nico; Ernst, Norbert - 2023
In this paper we provide firm-level evidence on the role of resource misallocation for total factor productivity development in Austria. We apply the indirect approach of measuring misallocation via the dispersion in marginal products within narrowly defined industries of Hsieh and Klenow (2009)...
Persistent link: https://www.econbiz.de/10014374600