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We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a model of firm dynamics with entry and exit. Shocks to firm operation and labor disutility capture COVID-19 lockdowns. Compared to the productivity shock, the credit and the lockdown...
Persistent link: https://www.econbiz.de/10012583735
We analyze a general equilibrium model of firm dynamics to study the effects of shocks to productivity, labor wedge, and collateral constraint (credit shock) on firm exit. We find that only the credit shock increases firm exit. This result is robust to the magnitude of shocks and different model...
Persistent link: https://www.econbiz.de/10012238357
depend on how changes in ownership affect markups versus efficiency. We find that owner fixed effects contribute very little …
Persistent link: https://www.econbiz.de/10012583906
monthly regulatory information in a consistent manner for seven Latin American countries. Second, we estimate lending markups … and deposits markdowns in each country over time. Third, with the estimated markups and markdowns in the different … explore whether there are differences in markups on lending rates and markdowns on deposit rates between international and …
Persistent link: https://www.econbiz.de/10015208863
income, which depends on the joint distribution (across firms) of market power, the labor share, and firms size. Markups …
Persistent link: https://www.econbiz.de/10014546271
In this paper, I use firm-level data from Compustat to document the evolution of markups among listed U.S. non … obfuscates that firms with low pre-pandemic markups command notable markup growth in both 2021 and 2022. Third, I document key …
Persistent link: https://www.econbiz.de/10015057213
Persistent link: https://www.econbiz.de/10015057219
changes in costs. Using a rich dataset on French manufacturing firms' balance sheets, we first estimate markups at the firm … energy prices, depending on average market power within sectors. We show that, in sectors with higher markups, prices …
Persistent link: https://www.econbiz.de/10014303735
The production, or value added, approach to GDP involves calculating an industry or sector's output and subtracting its intermediate consumption (the goods and services used to produce the output) to derive its value added. The value added at the macro level depends on business efficiency. It...
Persistent link: https://www.econbiz.de/10012886817
Corporate social responsibility (CSR), as a concept that tackles economic, social, and environmental dimensions of business, becomes more and more implemented in companies all around the world. There are different effects that CSR can have on business performance, but it is generally accepted...
Persistent link: https://www.econbiz.de/10012888068