Showing 1 - 10 of 11,321
Productivity growth has been slow in many continental European countries over the last few decades, especially in … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10011443499
Persistent link: https://www.econbiz.de/10000906535
Productivity growth has been slow in many continental European countries over the last few decades, especially in … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in … Germany?s bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10010297660
governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show … significantly higher productivity growth. Financial pressure from creditors influences productivity growth positively, particularly … for firms in financial distress. Regarding market discipline, productivity grows faster when competition on product …
Persistent link: https://www.econbiz.de/10010297792
This study examines the impact of product market competition and corporate governance on productivity growth in German … manufacturing. Using a panel of almost 500 firms over the years 1986--94, we find that firms experience higher productivity growth … when operating in markets with intense competition. Similarly, productivity growth is higher for firms under control of a …
Persistent link: https://www.econbiz.de/10014127324
Productivity growth has been slow in many continental European countries over the last few decades, especially in … product market competition experience higher rates of productivity growth. We also find weak evidence for the notion that in … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10013428290
This paper shows that active investors, such as venture capitalists, can affect the speed at which new ventures grow. In the absence of product market competition, new ventures financed by active investors grow faster initially, though in the long run those financed by passive investors are able...
Persistent link: https://www.econbiz.de/10010385487
How do financial constraints influence innovative activities of firms? In a two-period model of price competition with differentiated products we first analyze the incentives to innovate when both firms are self-financed. We then assume that one of the firms is financially constrained and...
Persistent link: https://www.econbiz.de/10010405872
This paper builds on Rosen (1981) and Hvide (2002) to provide a simple framework that elucidates the nature of incentives in the tournaments among top executives in both the external managerial labor market for the top executive positions in other companies and within the executives' own firm...
Persistent link: https://www.econbiz.de/10012842651
This paper examines the interaction between venture risk, product market competition and entrepreneurs' choice between bank financing and venture capital (VC) financing. Under bank financing, a debt-type contract emerges as optimal, which allows the entrepreneur to retain full control of the...
Persistent link: https://www.econbiz.de/10012973461