Banerji, Sanjay; Raj, Rajesh S. N.; Sen, Kunal - 2012
paper, we show that frictions in the labour market leading to monitoring costs tend to reduce the growth of the firm via two … time on productive activities leading to failures of firm's projects. (2) The need to pay a premium wage over the market …, measured by hiring of non family labour, indicating frictions in the labour market may outweigh the effects of the easing of …