Mutual fund managers who are assigned to manage multiple mutual funds simultaneously can decide to prioritize certain funds over others. I find that these managers pay the most attention to their smallest fund at the cost of their larger funds, because it is easier to generate higher performance...

This paper examines direct and indirect contributions of foreign firms and small and medium-sized enterprises (SMEs) to aggregate productivity growth. We focus our attention on foreign firms and small firms for three reasons. First, industrial policy in almost all countries is oriented towards...

This article formalises the idea of money-metric production frontiers, which we propose as a general framework for nonparametric evaluation of economic efficiency. As we show in our methodological discussion, this improves the flexibility and economic interpretation of our model. The empirical...