This article studies the role of collective bargaining coverage for the relationship between wages and firm-specific performance. The empirical evidence based upon German linked employer-employee data provides support for the hypothesis that industry-level contracts suppress firm wage...

Does financial health shore up firm productivity? This paper empirically investigates this question and presents productivity as another driving factor in translating financial development into real economic progress. Our empirical framework employs Levinsohn and Petrin's (2003) semi-parametric...