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We develop a new rationale for IPO waves based on product market considerations. Two firms, with differing productivity levels, compete in an industry with a significant probability of a positive productivity shock. Going public, though costly, not only allows a firm to raise external capital...
Persistent link: https://www.econbiz.de/10010859497
“survival effect” as the change in productivity of a particular cohort of surviving plants as it ages. The data show that both …
Persistent link: https://www.econbiz.de/10005014669
specific United States manufacturing industries, using data on product composition and use of intermediates by individual …, owing to the implication of aggregate data that negative inputs are required to make particular goods. The plant-level data … explored here suggest that much of the rejection of the commodity technology model from aggregative data was spurious …
Persistent link: https://www.econbiz.de/10005014671
conflicting conclusions reached by these earlier studies. Data collected by the Bureau of the Census is analyzed to investigate … explained by understanding the characteristics of the data analyzed in each study. A large enough sample size is needed to find … relationship between productivity and IS spending varies across industries, industry mix is shown to be an important data …
Persistent link: https://www.econbiz.de/10005014672
This paper is a theoretical and empirical investigation of the connection between science, R&D, and the growth of capital. Studies of high technology industries and recent labor studies agree in assigning a large role to science and technology in the growth of human and physical capital,...
Persistent link: https://www.econbiz.de/10005014673
Part of the uniqueness of the immigrant Asian business community in the U.S. lies in the fact that many among the highly educated pursue self-employment in small-scale, low-yielding retail and personal service fields. This study analyzes owner departure for a nationwide sample of small...
Persistent link: https://www.econbiz.de/10005014674
In recent years a growing number of countries have constructed data series on job creation and job destruction using … establishment-level data sets. This paper provides a description and detailed comparison of these new data series for the United … States and Canada. First, the Canadian and United States industry-level job creation and destruction data are remarkably …
Persistent link: https://www.econbiz.de/10005014678
During the 1980s, all Japanese automobile producers opened assembly plants in North America. Industry analysts and previous research claim that these transplants are more productive than incumbent plants and that they produce with a substantially different production process. We compare the two...
Persistent link: https://www.econbiz.de/10005014679
Recent theories of economic growth have stressed the role of externalities in generating growth. Using data from the …
Persistent link: https://www.econbiz.de/10005014680
out this investigation of within firm R&D effects using a unique set of Census data. The data, which are from the … chemicals industry, are a match of plant level productivity and other characteristics with firm level data on R&D of the parent …
Persistent link: https://www.econbiz.de/10005014683