Showing 1 - 8 of 8
This paper provides an overview of the antecedents, main drivers and spillover mechanisms of the turbulence emanating … analysis of the channel of contagion within financial integration: a confidence crisis, coupled with turbulence in the …
Persistent link: https://www.econbiz.de/10010322410
This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...
Persistent link: https://www.econbiz.de/10010277351
Extensive literature demonstrates that workers with high tenure suffer large and persistent earnings losses when they are displaced. We study the reasons behind these losses in a tractable search model that includes a lifecycle dimension, endogenous job mobility, and worker- and...
Persistent link: https://www.econbiz.de/10010290018
Persistent link: https://www.econbiz.de/10011498206
Persistent link: https://www.econbiz.de/10012308950
There is often said to be a tension between the two types of organizational learning activities, exploration and exploitation. The argument goes that the two activities are substitutes, competing for scarce resources when firms need different capabilities and management policies. We present...
Persistent link: https://www.econbiz.de/10012013706
hardest hit by the subsequent crisis. We present a model where higher turbulence benefits decentralized firms because the … value of local information and urgent action increases. Since turbulence rises in severe downturns, decentralized firms do …
Persistent link: https://www.econbiz.de/10011641565
(IT) structure, control and industry turbulence. Notes that despite the fact that some have called centralized systems … decentralized) is strongly related to management equity ownership, concentration of stock holdings, and the level of turbulence … significant relationship between the level of turbulence firms face and the degree of IT centralization.  …
Persistent link: https://www.econbiz.de/10014933763