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Privatization, Free Riding, and Industry-Expanding Lobbying

Volokh, Alexander - 2013

Critics of privatization argue that privatization encourages providers to lobby for industry expansion. I argue that … expenditures, some initial amount of privatization always decreases industry-expanding advocacy. The extent of privatization for … the extent of collusion. Under relaxed assumptions, the effect of privatization on industry-expanding advocacy is …

Persistent link: https://www.econbiz.de/10014052239

The Objective of a Privately Owned Firm Under Imperfect Competition

Bejan, Camelia - 2014

This paper proposes a model of imperfect competition among privately owned ﬁrms that act in the best interest of their shareholders. The existence of a solution for the model is proved under weaker conditions than the ones generally used in the literature. In particular, the results did not...

Persistent link: https://www.econbiz.de/10013051138

Causal inference by independent component analysis with applications to micro- and macroeconomic data

Moneta, Alessio; Entner, Doris; Hoyer, Patrik; Coad, … - 2010

Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...

Persistent link: https://www.econbiz.de/10003966642

Long-term firm growth : an empirical analysis of US manufacturers 1959-2015

Dosi, Giovanni; Grazzi, Marco; Moschella, Daniele; … - 2019

Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution of industry structures. As a potential indicator of organizational "fitness" within a competitive environment, firm growth is also a central concern to both the practice and...

Persistent link: https://www.econbiz.de/10012007050

Holistic Decision Making and Long Term Firm Performance

Ariño, Miguel A. - 2008

We propose a holistic managerial decision making framework that requires managers to take into consideration the three impact dimensions of any decision involving interactions with stakeholders, internal or external. The impact dimensions are a) effectiveness b) operative learning and c)...

Persistent link: https://www.econbiz.de/10012723235

Revisiting Firm Life Cycle Theory for New Directions in Finance

Stepanyan, Gohar G. - 2012

In the field of finance, the arguments for and against the goal of shareholder value maximization often arise due to: (i) the lack of distinction between the short-run and the long-run corporate performance and objectives, and (ii) the exclusion of time dimension from both theory and practice of...

Persistent link: https://www.econbiz.de/10013102357