Recent evidence on the rise in markups has attracted considerable attention on potential causes and explanations. In a decomposition exercise, De Loecker et al. (2020) find that a large portion of the economy-wide increase in aggregate markups is due to the reallocation term: larger growth of...

This paper shows that supply chain connections influence the adoption of climate-responsible policies. Using granular firm-level data, we show that suppliers adopt climate actions (such as emission initiatives and emission targets) and climate governance measures (such as board oversight and...

This paper studies the impact of national banking market concentration on European banks' financial soundness while controlling for macroeconomic, bank-specific, supervisory and institutional factors.Using bank balance sheet data from banks across the EU-25 for the period of 1997-2005 we find...

This paper shows that the way nature governs the management of complexity has application to organisations and global society by using Transaction Byte Analysis (TBA). TBA fills a gap in organisational theory in providing a way to compare hierarchical organisations with complex ones with...

Using aggregate balance sheet data from banks across the EU-25 over the period from 1997 to 2005 this paper provides empirical evidence that national banking market concentration has a negative impact on European banks' financial soundness as measured by the Z-score technique while controlling...

This paper shows how a gap in organisational analysis can be filled by using the transaction of bytes to compare hierarchical organisations controlled by a single control centre with complex ones possessing distributed decision making with multiple communication channels and control agents. No...

Traditional methods for evaluating corporate credit risk rarely consider the impact of the macro economy on corporate value and performance. We argue that lenders and management can obtain valuable information about the need for and approach to restructuring by decomposing default predictions...

This slide deck reviews the extant empirical literature on common ownership concentration on firm behavior, innovation, and product market outcomes, as presented at the FTC hearings on common ownership and competition in December 2018. It is primarily based on this literature review:...

These slides summarize the theoretical literature on horizontal common ownership concentration and its impact on competition, as presented at the FTC's hearings on common ownership and competition in December 2018. They are primarily based on this literature review:...

Structural characteristics, such as competition, risk, leverage and capital intensity, directly impact the strategic management of firms operating within an industry. We provide an empirical test and formally compare the structural characteristics of the hospitality and tourism (HT) industry...