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Export market exit and firm survival: Theory and first evidence
Hiller, Sanne; Schröder, Philipp J. H.; Sørensen, Allan - 2013
This paper deploys a dynamic extension of the Melitz (2003) model to generate predictions on export market exit and firm survival in a setting where firms endogenously make exit decisions. The central driver of the model dynamics is the inclusion of exogenous economy wide technological progress....
Persistent link: https://www.econbiz.de/10010294475
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Banks and innovation: microeconometric evidence on Italian firms
Benfratello, Luigi; Schiantarelli, Fabio; Sembenelli, … - 2006
banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …
Persistent link: https://www.econbiz.de/10010267494
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The corporate digital divide: Determinants of internet adoption
Forman, Christopher - 2002
This paper shows how organizational, technical, and environmental factors affected firm decisions to adopt Internet technologies during the early years of the commercialization of the Internet. Organizations that had made prior investments in client/server networks had a higher likelihood of...
Persistent link: https://www.econbiz.de/10010279107
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The R&D Investment-Uncertainty Relationship: Do Competition and Firm Size Matter?
Toole, Andrew A.; Czarnitzki, Dirk - 2008
&D investment. We use an intuitively appealing measure of firm-specific uncertainty along with panel data to show that firms invest …&D investment is smaller in concentrated markets – those where market power is higher and strategic rivalry is more intense. Further …, the effect of uncertainty on R&D investment is attenuated for large firms which may be the result greater economies of …
Persistent link: https://www.econbiz.de/10010297999
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Bankruptcy Policy Reform and the Productivity Dynamics of Failing Firms: Micro-evidence on Korea
Lim, Youngjae - In: CESifo DICE Report 02 (2004) 2, pp. 34-39
Persistent link: https://www.econbiz.de/10011696470
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Technology spillovers, asset redeployability, and corporate financial policies
Nguyen, Phuong Anh; Kecskés, Ambrus - 2021
Prior research shows that technology spillovers across firms increase innovation, productivity, and value. We study how firms finance their own growth stimulated by technology spillovers from their technological peer firms. We find that greater technology spillovers lead to higher leverage. This...
Persistent link: https://www.econbiz.de/10012610154
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Innovating firms and aggregate innovation
Klette, Tor Jakob; Kortum, Samuel - 2002
We develop a parsimonious model of innovating firms rich enough to confront firm-level evidence. It captures the dynamic behavior of individual heterogeneous firms, describes the evolution of an industry with simultaneous entry and exit, and delivers a general equilibrium model of technological...
Persistent link: https://www.econbiz.de/10010284510
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Evolutionary micro-founded technical change and the Kaldor-Verdoorn Law: Estimates from an artificial world
Lorentz, André - 2009
This paper proposes to identify the micro-level sources for the dynamic increasing returns occurring at an aggregate level. The paper reverts to a micro model of technological change in-line with the evolutionary literature on industrial dynamics. The data generated through numerical simulations...
Persistent link: https://www.econbiz.de/10010267140
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Firm size and innovation in European manufacturing
Vaona, Andrea; Pianta, Mario - 2006
The paper investigates the differences between small, medium-sized and large firms regarding their performance in the introduction of new products and processes. After a review of the relevant literature, two models are proposed and tested in search for different business strategies and...
Persistent link: https://www.econbiz.de/10010273123
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Demand forces of technical change: Evidence from the Chinese manufacturing industry
Beerli, Andreas; Weiss, Franziska J.; Zilibotti, Fabrizio; … - 2018
This paper investigates the effect of domestic market size on innovation activities across different durable good industries in the Chinese manufacturing sector. We address the endogeneity of market size by an IV strategy, based on a measure of potential market size, which is driven only by...
Persistent link: https://www.econbiz.de/10011969189