The Bohai Economic Rim plays an important role in supporting China's economic growth. For this research, we selected nine main ports in the region to study whether intra-port competition or corporatization would improve efficiency. Using a panel fixed effect model and stochastic frontier model,...

This paper investigates the relationship between corporate financialization and asymmetric cost behavior using the Chinese listed companies over the period of 2009-2017. To examine the heterogeneous impacts of corporate financialization on asymmetric cost behavior, the paper analyzes the...

This paper studies the relationship between different proxies of firm-level markups and trade status using balance sheet information linked to detailed trade data from Hungary between 1995-2003. We find that importing is strongly positively correlated with markup measures both across and within...

In this paper, we offer a unique firm-level view of the empirical regularities underlying the evolution of the Lithuanian economy over the period of 2000-2014. Employing a novel dataset, we investigate key distributional moments of real and financial variables of Lithuanian firms. We focus in...

Die Gaspreise haben sich in Deutschland infolge des Lieferstopps russischen Erdgases deutlich erhöht, mit möglichen Folgen für die Wettbewerbsfähigkeit der deutschen Industrie. Wir berechnen den Gasverbrauch auf Produktebene für die Zeit vor der Energiekrise mit Hilfe der Mikrodaten der...

Following the massive impact of the Covid-19 pandemic on the global economy and on small and medium-sized enterprises (SMEs) in particular, the concept of resilience has experienced a renaissance. As an organizational concept, business model resilience describes the extent to which an...

A survey of the most prominent definitions of zombie firms, together with their replication on a common dataset for euro area firms spanning the years 2004-2019, shows limited overlap and low comparability in the sets of firms identified by several prominent studies. Such low comparability...

This paper presents the panorama of zombie firms in the Turkish economy, which are highly inefficient, highly indebted firms that have low or sometimes negative productivity, and provides an analysis of the impact of these firms on economic activity for the period 2012-2015. Our results suggest...