Showing 1 - 10 of 144
Persistent link: https://www.econbiz.de/10012793064
This paper studies the implications of perceived default risk for aggregate output and productivity. Using a model of credit contracts with moral hazard, we show that a firm's probability of default is a sufficient statistic for capital allocation. The theoretical framework suggests an aggregate...
Persistent link: https://www.econbiz.de/10012241111
Persistent link: https://www.econbiz.de/10012196328
Persistent link: https://www.econbiz.de/10012200756
Persistent link: https://www.econbiz.de/10003326113
Persistent link: https://www.econbiz.de/10003356224
Persistent link: https://www.econbiz.de/10003311107
Persistent link: https://www.econbiz.de/10003313493
Persistent link: https://www.econbiz.de/10003348500
We use an innovative survey tool to collect management practice data from over 4,000 medium sized manufacturing firms across Asia, Europe and the US. These measures of managerial practice are strongly associated with firm-level performance (e.g. productivity, profitability and stock market...
Persistent link: https://www.econbiz.de/10003896395