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suppliers, who can afford to use the latest technology, becomes relatively cheaper. The predictions of the model are tested …
Persistent link: https://www.econbiz.de/10013070398
This paper investigates the effect of capital structure on a firm's choice between vertical integration and outsourcing. We model the production decision in a Principal-Agent framework and show that suppliers use debt as a strategic instrument to collect the surplus from outsourcing as their...
Persistent link: https://www.econbiz.de/10013071834
Over the past decade, the United States has experienced a stunning 65% decline in undocumented immigration. While politicians seem unaware of this change, firms that once relied on local undocumented workers as a low-wage labor force feel it acutely. Such companies have increasingly applied to...
Persistent link: https://www.econbiz.de/10012963346
Supermarkets, specialized wholesalers, and processors and agro-exporters' agricultural value chains have begun to transform the marketing channels into which smallholder farmers sell produce in low-income economies. We develop a conceptual framework through which to study contracting between...
Persistent link: https://www.econbiz.de/10013038358
This era of globalization is characterized by an ongoing international fragmentation of production where the supply chain is split up in more and more parts. The traditional Ricardian theory of trade in products governed by comparative advantages is replaced by a modern theory of trade in tasks....
Persistent link: https://www.econbiz.de/10013076255
This paper documents the extent and characteristics of plants and firms in the US that are outside the manufacturing sector according to official government statistics but nonetheless are heavily involved in activities related to the production of manufactured goods. Using new data on...
Persistent link: https://www.econbiz.de/10013076298
an investment decision, B-ownership can yield higher investment incentives. Moreover, ownership matters even when …
Persistent link: https://www.econbiz.de/10012845008
system-banks with extensive investment in industry and industry with extensive cross-ownership-we must understand the …
Persistent link: https://www.econbiz.de/10012960611
Purpose - The aim of this work is to study the reorientation that the export industrial sectors in Costa Rica have experienced during the last 20 years.Research design, data, methodology - The study employs the Cluster Analysis with the export data (20 years of cut-off period) from Costa Rica to...
Persistent link: https://www.econbiz.de/10012903633
is symmetric. Ownership matters for investment incentives, provided that investments are partly relationship-specific. We … investments). It turns out that if there is asymmetric information, then ownership matters for investment incentives and for the … expected total surplus. Specifically, giving ownership to party can be optimal, even when only party has to make an investment …
Persistent link: https://www.econbiz.de/10012891754