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Becker, Sascha O.; Hvide, Hans K - C.E.P.R. Discussion Papers - 2013

In the large literature on firm performance, economists have given little attention to entrepreneurs. We use deaths of more than 500 entrepreneurs as a source of exogenous variation, and ask whether this variation can explain shifts in firm performance. Using longitudinal data, we find large and...

Persistent link: https://www.econbiz.de/10011083991

Restructuring And Productivity Growth In UK Manufacturing

Disney, Richard F; Haskel, Jonathan; Heden, Ylva - C.E.P.R. Discussion Papers - 2000

from the Census of Production. We examine the relative importance of 'internal' restructuring (such as new technology and … organizational change) and 'external' restructuring (the process by which less efficient establishments exit and more efficient … establishments enter and increase market share). We find that (a) 'external restructuring' accounts for 50% of labour productivity …

Persistent link: https://www.econbiz.de/10005666830

Firm Size Distortions and the Productivity Distribution: Evidence from France

Garicano, Luis; Lelarge, Claire; Van Reenen, John - C.E.P.R. Discussion Papers - 2013

We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our framework incorporates such regulations into the Lucas (1978) model and applies this to France where many labor laws start to bind on firms with exactly 50 or more employees....

Persistent link: https://www.econbiz.de/10011083258

What is Firm Heterogeneity in Trade Models? The Role of Quality, Scope, Markups, and Cost

Hottman, Colin; Redding, Stephen J.; Weinstein, David E. - C.E.P.R. Discussion Papers - 2014

We estimate a structural model of heterogeneous multiproduct firms to examine the sources of firm heterogeneity emphasized in the recent trade and macro literatures. Using Nielsen barcode data on prices and sales, we estimate elasticities of substitution within and between firms, and use the...

Persistent link: https://www.econbiz.de/10011084590

Demand learning and firm dynamics: evidence from exporters

Berman, Nicolas; Rebeyrol, Vincent; Vicard, Vincent - C.E.P.R. Discussion Papers - 2015

This paper provides evidence that learning about demand is an important driver of firms' dynamics. We present a simple model with Bayesian learning in which firms are uncertain about their idiosyncratic demand parameter in each of the markets they serve, and update their beliefs as noisy...

Persistent link: https://www.econbiz.de/10011213311

Products and Productivity

Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K. - C.E.P.R. Discussion Papers - 2005

Firms’ decisions about which goods to produce are often made at a more disaggregate level than the data observed by empirical researchers. When products differ according to production technique or the way in which they enter demand, this data aggregation problem introduces a bias into standard...

Persistent link: https://www.econbiz.de/10005504461

Job Creation and Job Destruction in a Regulated Labour Market: The Case of Austria

Stahl, Florian; Stiglbauer, Alfred M.; Winter-Ebmer, Rudolf - C.E.P.R. Discussion Papers - 2002

We study Austrian job reallocation in the period of 1978–98, using a large administrative dataset where we correct for ‘spurious’ entries and exits of firms. We find that on average nine out of 100 randomly selected jobs were created within the last year, and that about nine out of...

Persistent link: https://www.econbiz.de/10005504721

Managerial Leverage is Limited By the Extent of the Market: Hierarchies, Specialization and the Utilization of Lawyers' Human Capital

Garicano, Luis; Hubbard, Thomas - C.E.P.R. Discussion Papers - 2005

This paper examines hierarchies’ role in the organization of human-capital-intensive production. We develop an equilibrium model of hierarchical organization, then provide empirical evidence using confidential data on thousands of law offices from the 1992 Census of Services. We show how the...

Persistent link: https://www.econbiz.de/10005497763

The Margins of Global Sourcing: Theory and Evidence from U.S. Firms

Antràs, Pol; Fort, Teresa C; Tintelnot, Felix - C.E.P.R. Discussion Papers - 2014

This paper studies the extensive and intensive margins of firms' global sourcing decisions. We develop a quantifiable multi-country sourcing model in which heterogeneous firms self-select into importing based on their productivity and country-specific variables. The model delivers a simple...

Persistent link: https://www.econbiz.de/10011145398

Product Choice and Product Switching

Bernard, Andrew B.; Redding, Stephen J.; Schott, Peter K. - C.E.P.R. Discussion Papers - 2003

This Paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by US manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10005656182