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Unskilled labor is the abundant resource in many developing countries, especially at an early stage of their development. Yet, even as at given technologies labor markets have not cleared, neo-classical economists have rejected the notion of an institutional or bargaining wage not based on...
Persistent link: https://www.econbiz.de/10009615061
We examine how speed of information diffusion within mutual fund families affects the performance and trading behavior of the corresponding member mutual funds. Timely information flows within the organization lead to better fund performance, and even more so when information flows across funds...
Persistent link: https://www.econbiz.de/10010471723
We document that the speed of information dissemination within mutual fund families positively affects the performance of member funds. This suggests that the resulting benefits of higher information precision far outweigh free-riding costs associated with fast internal dissemination. The...
Persistent link: https://www.econbiz.de/10011296785
During the last three decades, the number of lawyers working for large U.S. corporate law firms has increased dramatically. This study draws upon the economic geography literature on producer services and global cities to outline a theoretical framework for the location and growth of large...
Persistent link: https://www.econbiz.de/10012711125
Persistent link: https://www.econbiz.de/10011704321
This paper explores the relationship between knowledge creation, entrepreneur-ship, and economic growth in the United … States over the last 150 years. Accor-ding to the "new growth theory," investments in knowledge and human capital ge …-nerate economic growth via spillovers of knowledge. But the theory does not ex-plain how or why spillovers occur, or why large …
Persistent link: https://www.econbiz.de/10010271771
New knowledge in the form of products, processes and organizations leads to opportunities that can be exploited … commercially. However, converting new ideas into economic growth requires turning new knowledge into economic knowledge that … "knowledge filter" between new knowledge and economic knowledge and identifies both new ventures and incumbent firms as the …
Persistent link: https://www.econbiz.de/10010271747
A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge …. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent … empirical work has shown that new firms are more proficient at penetrating the knowledge filter than are incumbent firms …
Persistent link: https://www.econbiz.de/10010271770
through the exchange of matter, energy, information and knowledge. The optimal allocation of resources cannot be left to the … itself in a position of internal auditor, recognizing that the creation of knowledge also comes through cooperative behavior …. Businesses, therefore, being able to encode and transfer knowledge to suppliers, become organizations that facilitate the …
Persistent link: https://www.econbiz.de/10009719047
To study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy … by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …
Persistent link: https://www.econbiz.de/10011565610