How does technological relatedness influence the portfolio of multi-product firms hit by external shocks? To answer … this question, we look at the effect of product-specific demand shocks on product portfolios of Hungarian firms in the 2005 …-2012 period. We find that production have become more cohesive in terms of technological relatedness if firms were exposed to …

This paper demonstrates the effect of country level corruption on illicit behavior of individuals in a foreign country … States from corruption-ridden countries are more likely to be apprehended than individuals from less corrupt countries are. …

techniques highlight the home country's social ills such as corruption, theft and homicide as key determinants. Also included in … host country. These results suggest that chronic socio-economic problems such as corruption, crimes, and poverty in the …

This paper addresses the effects of the revolving door phenomenon on the inequality of influence among firms. It shows … that firms are not equal in their capacities to benefit from state connections. We first develop a theoretical model …

Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in … and vertical economies of scope. But the results do not support a common technology for integrated and specialized firms …