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Cross-Sectoral Variation in Firm-Level Idiosyncratic Risk
Clementi, Gian Luca - 2011
We estimate firm–level idiosyncratic risk in the U.S. manufacturing sector. Our proxy for risk is the volatility of the …
Persistent link: https://www.econbiz.de/10013125402
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The Price of Stability : Volatility and the Rise in Markups during the Great Moderation
Colla Rizzi, Giovanni; Lucke, Friedrich; Morzenti, Giovanni - 2023
During the Great Moderation, macroeconomic volatility declined while firm markups increased. We document a causal relationship between volatility and markups due to tacit collusion. We exploit the legalisation of interstate banking as an exogenous decrease in volatility. Using an instrumental...
Persistent link: https://www.econbiz.de/10014254341
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Markups as a hedge for input price uncertainty: evidence from Sweden
Agrawal, Sneha; Gaurav, Abhishek; Suveg, Melinda - 2021
In this paper, we study a new channel to explain firms' price setting behavior. We propose that uncertainty about factor prices has a positive effect on markups. We show theoretically that firms with higher shares of inputs with volatile prices set higher markups. We use the Bartik shift-share...
Persistent link: https://www.econbiz.de/10012695355
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Firms' exports, volatility and skills : evidence from France
Bas, Maria; Bombarda, Pamela; Jean, Sébastien; … - 2019
Inequalities between workers of different skills have been growing in the era of globalization. Firms' internationalization mode has an impact on job stability. Exporting firms are not only exposed to different foreign shocks, they also pay skill-intensive fixed costs to serve foreign markets....
Persistent link: https://www.econbiz.de/10011973974
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Firm and establishment volatility : the role of sunk costs, profit uncertainty and technological change
Ghosal, Vivek - 2003
values across U.S. manufacturing industries are 4 and 3,500 firms respectively, with a mean value of about 324 firms. This …. An advantage of the manufacturing industry dataset we have assembled for this study is that it combines the annual time …-specific size distribution of establishments, the number of establishments per firm and construct proxies for sunk capital costs …
Persistent link: https://www.econbiz.de/10011508062
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Firm and Establishment Volatility : The Role of Sunk Costs, Profit Uncertainty and Technological Change
Ghosal, Vivek - 2021
values across U.S. manufacturing industries are 4 and 3,500 firms respectively, with a mean value of about 324 firms. This … change. An advantage of the manufacturing industry dataset we have assembled for this study is that it combines the annual … the industry-specific size distribution of establishments, the number of establishments per firm, and to construct proxies …
Persistent link: https://www.econbiz.de/10013319863
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The roles of comovement and inventory investment in the reduction of output volatility
Irvine, F. O. (contributor); Schuh, Scott (contributor) - 2005 - This version: July 2005
sectors, manufacturing and trade, we discover structural changes that reduced comovement of sales and inventory investment …
Persistent link: https://www.econbiz.de/10003230303
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Price volatility, speculation and excessive speculation in commodity markets : sheep or shepherd behaviour?
Algieri, Bernardina - 2012
The present study aims to investigate the dynamics of primary commodity prices and the role of speculation over time. In particular the relationship between speculation and price volatility on the one side, and the linkage between excessive speculation and price volatility on the other side, is...
Persistent link: https://www.econbiz.de/10009540736
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The Roles of Comovement and Inventory Investment in the Reduction of Output Volatility
Irvine, Owen; Schuh, Scott D. - 2007
sectors, manufacturing and trade, we discover structural changes that reduced comovement of sales and inventory investment …
Persistent link: https://www.econbiz.de/10014063321
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Firms' Exports, Volatility and Skills : Evidence from France
Bas, Maria - 2019
Inequalities between workers of different skills have been growing in the era of globalization. Firms’ internationalization mode has an impact on job stability. Exporting firms are not only exposed to different foreign shocks, they also pay skill-intensive fixed costs to serve foreign markets....
Persistent link: https://www.econbiz.de/10012892069