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activities by facilitating more flexible organisational structures in firms. We distinguish between functional flexibility (the … ability of workers to co-operate and take decentralised decisions) and numerical flexibility (the reduction of fixed costs …, mainly due to outsourcing business processes). Our results from a large and representative data set of firms in Germany show …
Persistent link: https://www.econbiz.de/10003110038
’s disadvantages, a combination that provides flexibility in resource allocation. -- Innovation Performance ; Resource Allocation …
Persistent link: https://www.econbiz.de/10009424123
für ausgewählte Dienstleistungssektoren in Deutschland. Hierzu wird erstens die subjektive Einschätzung von Unternehmen zu …
Persistent link: https://www.econbiz.de/10003761047
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10003728591
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095
Germany, this paper presents the first comprehensive evidence on the relationship between exports and profitability. It …
Persistent link: https://www.econbiz.de/10003770907
Persistent link: https://www.econbiz.de/10002110272
On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education level in a standard Mincer equation. Our results show...
Persistent link: https://www.econbiz.de/10003328091
We study the performance of conditional asset pricing models in explaining the German cross-section of stock returns. Our test assets are portfolios sorted by size and book-to-market as in the paper by Fama and French (1993). Our results show that the empirical performance of the Capital Asset...
Persistent link: https://www.econbiz.de/10003356943
Theoretical considerations suggest that secrecy reduces spillovers almost completely through non-disclosure, while the disclosure requirement of patents generates some spillover and at the same time allows firms to appropriate knowledge. In this paper we empirically analyze whether protection by...
Persistent link: https://www.econbiz.de/10003356987