determine heterogeneity across firms in size and productivity in the same industry. We then incorporate these organisational … market depends on who - headquarters or middle managers - have power in firms. Furthermore, we propose two new margins of … increase in aggregate productivity of an industry depending on which of these margins dominate. Trade may trigger firms to opt …

estimation results, we relate productivity estimates with import competition, using firm and product level measures of import … competition. We find that if productivity at the firm level tends to positively react to increased import competition, the multi … efficiency in producing that core product, in which it has a productivity advantage. However, when the degree of foreign …

-profit maximizing managers to reconcile theory with the evidence. Empirically, I find that all productivity upgrades are driven by … productivity of firms. However, there is less consensus about the underlying mechanism at work. While trade papers focus on access … leads to productivity increases, but only for firms that were already highly productive before. The evidence on import …

-profit maximizing managers to reconcile theory with the evidence. Empirically, I find that all productivity upgrades are driven by … productivity of firms. However, there is less consensus about the underlying mechanism at work. While trade papers focus on access … leads to productivity increases, but only for firms that were already highly productive before. The evidence on import …

between a firm's profitability and other variables, notably its own R&D capital and information and productivity spillovers of …

dividend policy may be influenced by managers “catering” to the demands of investors and also the effects of aggregate earnings …