International trade has been stated as one of the most important mean of improving firms' productivity, being the channel behind, the technology transfer from foreign companies to local firms. Focusing on imports, they can positively contribute to local firm's productivity performance by...

Based on corrected nighttime light data and firm-level data from 1998 to 2010, we use an urban sprawl index that properly captures the subtle differences in density distribution within cities, extend a hyperbolic distance specification within a parametric stochastic framework to the analysis of...

This paper evaluates the impact of the introduction of savings groups on poverty, vulnerability, and financial inclusion outcomes in rural Peru. Using a cluster randomized control trial and relying on both survey and administrative records, we investigate the impact of savings groups after more...

Companies which wish to operate on the market must constantly discover and shape new potentials and abilities to create benefits that might ensure them long-term increase in efficiency and development. One of the ways to gain economic advantage is to reduce costs in all possible areas of their...

Amid the backdrop of globalization, international trade has emerged as a crucial driver of economic development. The People's Republic of China (PRC), as the instigator and key participant in the "Belt and Road" initiative, has garnered substantial attention for its trade collaborations with...

Previous studies focused on the comparison of the optimal output levels of regret- averse firms under uncertainty and firms under certainty. This paper extends the theory by further investigating the effects of regret-aversion on production. We compare the optimal output levels of regret-averse...

This paper presents a macroeconomics-friendly Post Keynesian model of the firm describing both an inventory theoretic approach and an entry deterrence approach to choice of excess capacity. The model explains why firms may rationally choose to have excess capacity. It also shows the two...

Consumers underestimation of the quality of remanufactured products is a barrier for remanufacturers. Online reviews provide quality signals to consumers unaware of remanufactured products. To explore whether remanufacturers produce higher quality products to improve their review ratings,...

This paper analyzes how fast do family businesses react to a decline in their financial performance. Turnaround is especially relevant in family businesses due to the importance of non-economic goals. We study the differences between family and non-family businesses in relation to closure and...

The winemaking technique of saignée is common for some varietals, and the ensuing flavor profiles have been carefully analyzed by oenologists. However, we argue that saignée is fundamentally about economic tradeoffs between the quantity of primary wine that is ultimately produced, the quality...