distance may have a non-monotonous effect on the likelihood of horizontal investments, and (iii) that globalization, if …

Discussion Paper 34 contains information on property relations and profitability of 100 Russian large-scale farm … security contributions for the employees and of the support for household plots and ensuing consequences for the profitability … agreement with the legal rules. A significant nonlinear relationship between acreage and profitability could be confirmed …

Discussion Paper 32 contains information on property relations and profitability of 100 Russian large-scale farm … security contributions for the employees and of the support for household plots and ensuing consequences for the profitability … agreement with the legal rules. A significant nonlinear relationship between acreage and profitability could be confirmed …

To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms … compete both in the product market and in the managerial market. We show that globalization, i.e. the simultaneous integration …

quantitatively large. Our findings suggest that the profitability gap is partly driven by agency costs which arise if value … communication and travel costs over the last decade, the profitability gap is shown to decline over time. Apart from that, our … profitability gap. We discuss various implications of our findings. …

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks … responsible for the latest wave. The impact of merger activities on profitability and employment growth are studied by using the …