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Financial distress as an agency problem : evidence on non-monotonic and substitute discipline effects of leverage and competition
Uğur, Mehmet; Solomon, Edna Maeyen; Zeynalov, Ayaz - 2021
leverage and product-market competition as predictors of financial distress hazard; and lack of attention to frailty as a … a managerial effort problem, mitigated by leverage and product-market competition as substitute disciplining devices … effect of leverage on financial distress hazard is inverted-U-shaped; (ii) the effect of the competition is U-shaped; and …
Persistent link: https://www.econbiz.de/10014533532
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Women and motivation to compete : the role of advantages
Braut, Beatrice - 2021
Persistent link: https://www.econbiz.de/10013167987
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Nonparametric instrumental variable methods for dynamic treatment evaluation
Berg, Gerard J. van den; Bonev, Petyo; Mammen, Enno - 2016
We develop a nonparametric instrumental variable approach for the estimation of average treatment effects on hazard rates and conditional survival probabilities, without model structure.We derive constructive identification proofs for average treatment effects under noncompliance and dynamic...
Persistent link: https://www.econbiz.de/10011492188
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Inference for shared-frailty survival models with left-truncated data
Berg, Gerard J. van den; Drepper, Bettina - 2012
Shared-frailty survival models specify that systematic unobserved determinants of duration outcomes are identical within groups of individuals. We consider random-effects likelihood-based statistical inference if the duration data are subject to left-truncation. Such inference with...
Persistent link: https://www.econbiz.de/10011489912
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The UK productivity puzzle: does firm cohort matter for their performance following the financial crisis?
Douch, Mustapha; Edwards, Terence Huw; Mallick, … - 2022
Persistent link: https://www.econbiz.de/10013193389
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Products or markets: what type of experience matters for export survival?
Lawless, Martina; Studnicka, Zuzanna - 2019
Previous research has generally shown that increased export experience has a positive impact on the subsequent survival of newly launched export relationships of a firm. In this paper, we find that there are important differences in the effects of firm experience on export survival depending on...
Persistent link: https://www.econbiz.de/10012115994
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Old firms and new products : does experience increase survival?
Lawless, Martina; Studnicka, Zuzanna - 2018
We examine the relationship between exporting experience and the duration of firm export product flows. We find that more experienced firms (in years of exporting) show a higher probability of failure associated with the introduction of new products. On the other hand, firms with broader export...
Persistent link: https://www.econbiz.de/10011793253
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The public economics of electricity policy with Philippine applications
Ravago, Majah-Leah; Roumasset, James Alan - 2016
Persistent link: https://www.econbiz.de/10011541475
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Organizing competition for the market
Iossa, Elisabetta; Rey, Patrick; Waterson, Michael - 2019
The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring …
Persistent link: https://www.econbiz.de/10012414922
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The effect of horizontal mergers, when firms compete in prices and investments
Motta, Massimo; Tarantino, Emanuele - 2017
It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...
Persistent link: https://www.econbiz.de/10011798644