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An important theme in modern research on productivity has been that technological progress may be embodied in capital … in the sense that traditional measures of TFP growth reflect unmeasured improvements in the quality of capital inputs as … is that there should be a negative relationship between measured TFP and the age of the measured capital stock. This …
Persistent link: https://www.econbiz.de/10009475714
This paper uses two sources of information and different methodologies to analyze the causal effect of product and process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence suggests there is not a contemporaneous effect of product...
Persistent link: https://www.econbiz.de/10010943775
This study surveys the academic and professional literature examining the privatisation of state-owned enterprises (SOEs), with a focus on empirical studies. Privatisation has been instrumental in reducing state ownership in many countries and had a transforming effect on global stock markets,...
Persistent link: https://www.econbiz.de/10011608465
The paper analyses the accounting relationships between the financial and the real economy. It will be shown that accounting can clarify the nature of economic phenomena and be an important building block for economic theory. The paper will argue that there is much confusion about key...
Persistent link: https://www.econbiz.de/10010460525
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capital raising in international markets is related to firms´ ability to react to financial shocks. I provide a complete … financing behavior. Firms that raise capital internationally have a lower correlation with the local GDP growth, and grow more … highly dependent on the determinants of the issuance decision. The descriptive analysis show that international capital …
Persistent link: https://www.econbiz.de/10009429297
The purpose of this work is to empirically assess the validity of the Capital Asset Pricing Model (CAPM) in terms of …
Persistent link: https://www.econbiz.de/10009430254