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of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change … measure uncertainty about profits and technological change, while the latter enables us to obtain information on the industry …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …
Persistent link: https://www.econbiz.de/10011508062
of firm volatility across industries: for example, sunk capital costs, uncertainty about profits, and technological … allows us to measure uncertainty about profits and technological change, while the latter enables us to obtain information on … uncertainty have significantly lower variability of the number of firms; and (2) these relationships are non-linear as suggested …
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This paper explores entry and exit at a price comparison site (PCS) where the sunk costs of participation are effectively zero. We first use a panel of 295 products on NexTag.com to estimate an error correction model of net entry. While the results support our characterization of the PCS as a...
Persistent link: https://www.econbiz.de/10014042092
are widened by uncertainty. Our econometric model for six euro area countries suggests domestic demand and capacity … regression model and find that domestic demand developments and uncertainty are relevant for short-run export dynamics …, our empirical results are robust to the inclusion of a variable measuring European policy uncertainty. In some cases …
Persistent link: https://www.econbiz.de/10011778973
We investigate how intangible capital in form of intellectual property, such as patents, might mitigate financing constraints. While scholars have already argued that patents might have a signalling value reducing information asymmetries between borrowers and lenders, we quantify the value of...
Persistent link: https://www.econbiz.de/10013346735
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of firm volatility across industries: for example, sunk capital costs, uncertainty about profits and technological change … measure uncertainty about profits and technological change, while the latter enables us to obtain information on the industry …. Our empirical findings show that: (1) industries with higher sunk capital costs and profit uncertainty have significantly …
Persistent link: https://www.econbiz.de/10001784015
Persistent link: https://www.econbiz.de/10001365491