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European electricity industry has recently come through liberalization. Surge of intakes with high share of cross-border deals was market players’ response. Measuring of post-merger performance alterations is a central question of M&A literature. EU energy sector is responsible for significant...
Persistent link: https://www.econbiz.de/10011446313
In this study, we address a major problem in the measurement of firm performance and the regulation of natural monopolies, namely the intertemporal character of long-term investment decisions. In specific, we focus on the impact of adjustment costs of investments on estimates of firms’...
Persistent link: https://www.econbiz.de/10010253389
In this paper we study the productivity-survival link in the U.S. poultry processing industry using the longitudinal … productivity and demand-specific factors on plant survival and ownership change. Second, we analyze the determinants of the firm … ownership change. The effect of physical productivity on the probability of exit or ownership change is generally insignificant …
Persistent link: https://www.econbiz.de/10013018611
The chemical fertilizer industry has made great contributions to China's food security. Existing studies mainly focus on evaluating fertilizer use efficiency at the farm level whereas little is known about the technical efficiency of Chinese firms producing fertilizer. Based on the Chinese...
Persistent link: https://www.econbiz.de/10013454240
We investigate the productivity of family owned small and medium-sized enterprises (SMEs). Specifically, we examine … whether productivity is influenced by the number of family owners and by family member involvement in daily operations. We … find that the productivity of family firms is non-monotonically associated with the number of family owners and with the …
Persistent link: https://www.econbiz.de/10013405188
energy market reforms. This study uses manufacturingfirm census data from Ethiopia to identify productivity losses …-10 percent. We found nonlinear productivity losses at different quantilesalong the productivity distribution. Firms at higher …
Persistent link: https://www.econbiz.de/10012912504
age and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from … manufacturing industries in Germany using newly available, unique data. We find concave age-productivity profiles and a negative … paribus lower level of productivity in firms with a higher share of female employees does not go hand in hand with a lower …
Persistent link: https://www.econbiz.de/10010403909
“polarization,“ causing low-productivity firms to exit the market while others temporarily distort their employment upward …. Dynamically, firms are incentivized to improve productivity to meet targets. Using novel data from East German firms post … exit probability, and 10% higher annual productivity growth over the target period. Structural estimates reveal substantial …
Persistent link: https://www.econbiz.de/10015062452
: distorted employment decisions, increased productivity, and higher exit rates. Our empirical analysis, using a novel dataset and …% points higher annual productivity growth, and a 3.6% points higher probability of exit for firms with binding employment … after 10 years. Additionally, an alternative policy of productivity investment subsidies proved costly and less effective in …
Persistent link: https://www.econbiz.de/10014384451
and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from … level surveys performed by the Statistical Offices. Our micro-econometric analysis confirms previous findings of concave age-productivity … the ceteris paribus lower level of productivity in firms with a higher share of female employees does not go hand in hand …
Persistent link: https://www.econbiz.de/10010282402