Similar Search Results

Measuring and Explaining Management Practices Across Firms and Countries

Bloom, Nicholas; Van Reenen, John - C.E.P.R. Discussion Papers - 2006

We use an innovative survey tool to collect management practice data from 732 medium sized manufacturing firms in the …-level productivity, profitability, Tobin’s Q, sales growth and survival rates. Management practices also display significant cross … tail of extremely badly managed firms. We find that poor management practices are more prevalent when (a) product market …

Persistent link: https://www.econbiz.de/10005661978

Herding cats? Management and university performance

McCormack, John; Propper, Carol; Smith, Sarah L. - C.E.P.R. Discussion Papers - 2013

Using a tried and tested measure of management practices which has been shown to predict firm performance, we survey … nearly 250 departments across 100+ UK universities. We find large differences in management scores across universities and …-oriented universities. We also find that management matters in universities. The scores, particularly with respect to provision of …

Persistent link: https://www.econbiz.de/10011084536

Factor Models in Large Cross-Sections of Time Series

Reichlin, Lucrezia - C.E.P.R. Discussion Papers - 2002

This Paper reviews recent econometric work on factor models in large cross-sections of time series. In this literature, traditional factor analysis is adapted to develop parsimonious estimation methods for high dimension time series models. The review covers problems of consistency and rates –...

Persistent link: https://www.econbiz.de/10005498094

Dynamic Common Factors in Large Cross-Sections

Forni, Mario; Reichlin, Lucrezia - C.E.P.R. Discussion Papers - 1995

This paper develops a method to analyse large cross-sections with non-trivial time dimensions. The method: (i) identifies the number of common shocks in a factor analytic model; (ii) estimates the unobserved common dynamic component; (iii) shows how to test for fundamentality of the common...

Persistent link: https://www.econbiz.de/10005067411

Let's Get Real: A Dynamic Factor Analytical Approach to Disaggregated Business Cycle

Forni, Mario; Reichlin, Lucrezia - C.E.P.R. Discussion Papers - 1995

This paper analyses output and productivity for 450 US industries from 1958 to 1986. We make the following contributions. (i) We develop a method based on dynamic principal components to identify the number of common shocks to our data set. (ii) We propose a simple method for the estimation of...

Persistent link: https://www.econbiz.de/10005661648

Factor Analysis in a New-Keynesian Model

Beyer, Andreas; Farmer, Roger E A; Henry, Jérôme; … - C.E.P.R. Discussion Papers - 2005

New-Keynesian models are characterized by the presence of expectations as explanatory variables. To use these models for policy evaluation, the econometrician must estimate the parameters of expectation terms. Standard estimation methods have several drawbacks, including possible lack of...

Persistent link: https://www.econbiz.de/10005662376

Common Macro Factors and Currency Premia

Filippou, Ilias; Taylor, Mark P - C.E.P.R. Discussion Papers - 2014

We study the role of domestic and global factors on payoffs of portfolios built to mimic carry, dollar carry and momentum strategies. We construct domestic and global factors from a large dataset of macroeconomic and financial variables and find that global equity market factors render strong...

Persistent link: https://www.econbiz.de/10011084700

The Deep Pocket Effect of Internal Capital Markets

Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - C.E.P.R. Discussion Papers - 2009

This paper provides evidence that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, the paper presents three major findings. First, consistent with theoretical predictions, the amount of financial...

Persistent link: https://www.econbiz.de/10005791859

The European UMTS/IMT-2000 Licence Auctions

Jehiel, Philippe; Moldovanu, Benny - C.E.P.R. Discussion Papers - 2001

Europe has taken the global lead in the issuance of third generation (3G) licences for mobile telecommunications according to the UMTS/IMT-2000 family of standards. We survey the recent European UMTS licence auctions and compare their outcomes with the predictions of a simple auction model that...

Persistent link: https://www.econbiz.de/10005792176

Bank Competition and Enterprise restructuring in Transition Economies

Schnitzer, Monika - C.E.P.R. Discussion Papers - 1998

We investigate how bank competition affects the efficiency of credit allocation, using a model of spatial competition. Our analysis shows that bad loans are more likely the larger the number of banks competing for customers. We study further how many banks will be active if market entry is not...

Persistent link: https://www.econbiz.de/10005067568

1
2
3
4
5
6
7
8
Next
Last