It is argued that the observed return rates on capital at firm-level have an upward bias if firms are producing with unobserved intangible capital. Using EUKLEED, a comprehensive firm level data base for Germany, this theoretical preposition is proved empirically. Furthermore, making unobserved...

Viele nordamerikanische multinationale Unternehmen versuchen, standardisierte Verhaltenskodices in ihren europäischen Tochtergesellschaften zu implementieren, um Verhaltenweisen zu kontrollieren und um eine homogene Unternehmenskultur zu entwickeln. Durch die starke nordamerikanische...

Recent attention has focused on the UK's productivity gap in the retail sector. Figure 1 shows an estimate of labour productivity in retail across countries, using output per hour worked. The UK lies well behind the US, France and Germany. Reynolds at al (2005) contribute to this debate by...