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Formal and Real Authority in Organizations

Aghion, Philippe; Tirole, Jean - 1998

This paper develops a theory of the allocation of formal and real authority within organizations. Real authority is …

Persistent link: https://www.econbiz.de/10014090356

Agency Costs, Firm Behaviour and the Nature of Competition

Aghion, Philippe; Dewatripont, Mathias; Rey, Patrick - C.E.P.R. Discussion Papers - 1999

This paper develops an agency model in which firms can influence their own incentives to provide a non-contractible effort by contracting on other variables (e.g. by committing themselves to some verifiable investment). In such a model the firms' need for outside finance is shown to interact...

Persistent link: https://www.econbiz.de/10005067540

Competition, Financial Discipline and Growth

Aghion, Philippe; Dewatripont, Mathias; Rey, Patrick - C.E.P.R. Discussion Papers - 1999

This paper develops a general equilibrium model of technological adoption in an economy populated by 'satisficing' entrepreneurs whose main objective is to minimise innovative effort while keeping the firm alive. In such an economy, product market competition is shown to have a stimulating...

Persistent link: https://www.econbiz.de/10005504632

The effects of entry on incumbent innovation and productivity

Aghion, Philippe; Blundell, Richard; Griffith, Rachel; … - 2006

How does firm entry affect innovation incentives in incumbent firms? Micro data suggest that there is heterogeneity across industries. Specifically, incumbent productivity growth and patenting is positively correlated with lagged greenfield foreign firm entry in technologically advanced...

Persistent link: https://www.econbiz.de/10010307086

Credit constraints as a barrier to the entry and post-entry growth of firms

Aghion, Philippe; Fally, Thibault; Scarpetta, Stefano - 2007

Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms' decision to enter, to expand if successful and to exit...

Persistent link: https://www.econbiz.de/10010268719

Credit Constraints as a Barrier to the Entryand Post-Entry Growth of Firms

Aghion, Philippe; Fally, Thibault; Scarpetta, Stefano - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Advanced market economies are characterized by a continuous process of creativedestruction. Market forces and technological developments play a major role in shaping thisprocess, but institutional and policy settings also influence firms´ decision to enter, to expandif successful and to exit if...

Persistent link: https://www.econbiz.de/10005861084

Credit constraints as a barrier to the entry and post-entry growth of firms

Aghion, Philippe (contributor); Fally, Thibault (contributor) - 2007

Persistent link: https://www.econbiz.de/10003656883

The Impact of Exports on Innovation : Theory and Evidence

Aghion, Philippe - 2018

This paper investigates the effect of export shocks on innovation. On the one hand a positive shock increases market size and therefore innovation incentives for all firms. On the other hand it increases competition as more firms enter the export market. This in turn reduces profits and...

Persistent link: https://www.econbiz.de/10012920244

Credit Constraints as a Barrier to the Entry and Post-Entry Growth of Firms

Scarpetta, Stefano; Aghion, Philippe; Fally, Thibault - Institute for the Study of Labor (IZA) - 2007

Advanced market economies are characterized by a continuous process of creative destruction. Market forces and technological developments play a major role in shaping this process, but institutional and policy settings also influence firms’ decision to enter, to expand if successful and to...

Persistent link: https://www.econbiz.de/10005233782

Incomplete Contracts and the Theory of the Firm: What Have We Learned over the Past 25 Years?

Aghion, Philippe; Holden, Richard - In: Journal of Economic Perspectives 25 (2011) 2, pp. 181-97

Sanford Grossman and Oliver Hart used the theory of incomplete contracts to develop answers to the question "What is a … firm, and what determines its boundaries?" in their path-breaking paper on "The Costs and Benefits of Ownership: A Theory … efficiency losses. This produces a theory of ownership and vertical integration as well as a theory of the firm. First we spell …

Persistent link: https://www.econbiz.de/10009246675

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