Yu, Zhihong - In: Economic Theory 51 (2012) 1, pp. 71-104
This paper examines the effects of trade openness on managerial incentives and firm-level productivity by incorporating … managerial incentive scheme (and hence, higher firm productivity) via a new mechanism by which selection of heterogeneous firms … incentives, a reduction in fixed trade costs could possibly lead to weaker incentives and thus generate productivity losses due …