Showing 1 - 10 of 1,178
This article investigates the not-so-obvious reasons for which the financial mechanism of asset securitization is so poorly relied on in such developed civil law jurisdictions as France and Germany. Analysis is focused on several constituent elements of this mechanism: a possibility to construct...
Persistent link: https://www.econbiz.de/10013139834
Persistent link: https://www.econbiz.de/10011598238
This paper provides empirical evidence on the relation between the identity of ultimate owners and technical (in)efficiency by estimating stochastic production frontiers on Italian firm level panel data for twelve manufacturing industries over the 1978-93 period. Privately-owned independent...
Persistent link: https://www.econbiz.de/10014096154
The paper investigates empirically the impact that outsourcing strategies have on the labour productivity of firms … cross-section econometric model of the productivity impact of outsourcing is applied to a sample of firms based in the local … kind of outsourced activities, the internationalization of the outsourcing firm and time horizon of the productivity …
Persistent link: https://www.econbiz.de/10014216112
Our paper adds empirical evidence on the causal effects of exporting on firms' performances. Using a rich database on Italian manufacturing firms, we test the self-selection and the post-entry effects hypotheses with respect to various firms' characteristics. Our analysis supports the idea that...
Persistent link: https://www.econbiz.de/10003744962
productivity performance. The empirical distributions and the associated persistence over time are explored through a set of … external credit. We also offer an initial understanding about how profitability and productivity relate with a third dimension … profitable firms to grow faster. -- firm performance ; profitability ; productivity ; financial constraints …
Persistent link: https://www.econbiz.de/10003321397
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility … while taking prices parametrically. This result justifies total factor productivity (TFP) as the right summary measure of …
Persistent link: https://www.econbiz.de/10003914097
We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a … innovation and productivity. The effect of managerial experience measured by age on firm performance depends instead on the type … of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …
Persistent link: https://www.econbiz.de/10003985881
values of the standard Solow productivity residual. The equivalence holds if the representative household maximizes utility …. -- Productivity ; welfare ; reallocation ; technology ; TFP …
Persistent link: https://www.econbiz.de/10003925275
activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change … and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they … subsequently merged with other banks. German banks were still able to increase their productivity through consolidation. -- Banking …
Persistent link: https://www.econbiz.de/10003813058