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investment or disinvestment and/or mergers and acquisitions (M&As). We show theoretically how the choice of adjustment strategy … publicly traded firms and cover almost the entire universe of UK firms, representing 99% of UK employment and turnover. We find …
Persistent link: https://www.econbiz.de/10010270097
Due to adjustment costs, firms' only partially adjust toward desired investment levels. By exploiting unique survey …, firms with either minor investment targets, a large fraction of desired replacement investments or low asset irreversibility … adjust within shorter time compared to firms with major investment plans, capacity expansion targets or high asset …
Persistent link: https://www.econbiz.de/10011527613
Agricultural production is an important source of income and employment for developing countries, yet it is the cause …
Persistent link: https://www.econbiz.de/10010301536
Universities are increasingly seen as engines for regional innovation and economic growth. Some famous high-tech regions have developed on the basis of universities, for example Silicon Valley in California, Greater Boston in Massachusetts, or the Research Triangle in North Carolina. In these...
Persistent link: https://www.econbiz.de/10011397500
investment equation splitting up the sample between exporters and non-exporters. Using three alternative econometric models … literature, exporting firms are the ones facing larger financial constraints on investment. We propose an explanation for this …, particularly in Argentina, which triggers a profit squeeze phenomenon for exportable firms, reducing their investment capacity. …
Persistent link: https://www.econbiz.de/10010295994
corporate net lending determinants. We disentangle the effects of the profit share on corporate saving and investment and …
Persistent link: https://www.econbiz.de/10012287908
The impact of robots on employment and trade is a highly discussed topic in the academic and public debates … advantage. We provide evidence on the effects of robots on worldwide employment, including emerging economies. To instrument the …. Robots turn out to have a significantly negative impact on worldwide employment. While it is small in developed countries …
Persistent link: https://www.econbiz.de/10012287890
employment in the local markets, which increased by 40%, can be attributed to the deregulation. …
Persistent link: https://www.econbiz.de/10012623172
significant increase in both investment and employment, with implied elasticities with respect to capital costs of 2.8 and 1 …This paper studies the effects of investment tax credits on firms' input choices by exploitinga sudden shift in the tax ….1, respectively. Local spillovers between firms generate an additional positive effect. The employment effect is due to the increased …
Persistent link: https://www.econbiz.de/10012099088
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
Persistent link: https://www.econbiz.de/10010314361