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We analyze the effects of ownership type and concentration on performance of a population of firms in a model large-scale privatization economy (Czech Republic). Using specifications based on first-differences and unique instrumental variables, we find that few types of private ownership improve...
Persistent link: https://www.econbiz.de/10009477240
A central insight in economic sociology is that firms depend on relationships with other organizations for their access to capital, information, and other resources. Such interactions among firms tend to develop into stable networks of social and economic exchange that stratify firms in an...
Persistent link: https://www.econbiz.de/10009476976
Internet continues, more people rely on networks for timely information. However, since most information on the Internet today …. There are many potential providers who could sell information on the Internet and many potential consumers for that …
Persistent link: https://www.econbiz.de/10009441148
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476803
Capital markets perform two distinct functions: provision of capital and facilitation of good governance through information production and monitoring. I argue that the governance function has more impact on the efficiency with which resources are utilized within the firm. Based on industry...
Persistent link: https://www.econbiz.de/10009476906
This paper reviews recent work on macroeconomic management with varying organization of wage/price bargaining and degrees of credible monetary conservatism. The emerging literature synthesizes and extends theory and empirics on central bank independence (CBI) and coordinated wage/price...
Persistent link: https://www.econbiz.de/10009476726
This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...
Persistent link: https://www.econbiz.de/10009429048
efficiency. In contexts where enforcement institutions are weak,a standard assumption from existing theories of relational …
Persistent link: https://www.econbiz.de/10009444723
questions: (RQ1): How are entrepreneurship and entrepreneurial work communicatively constituted by young adults?; (RQ1a): What … are the D/discourses of entrepreneurship and entrepreneurial work for young adults?; and (RQ1b): What are the material …-symbolic intersections of entrepreneurship and entrepreneurial work? To respond to these questions, multiple methods were used in this study …
Persistent link: https://www.econbiz.de/10009430434
Small and medium sized firms play an important role in the process of creative destruction. The focus of the paper is on the international diffusion of small and medium sized firms innovations. Small and medium sized firms face two challenges in globalization: property rights protection and...
Persistent link: https://www.econbiz.de/10009477262