This paper presents an industry equilibrium model where firms can choose to engage in corporate social responsibility … and increases firm value. These effects are stronger for firms producing differentiated goods and when consumers …

, we compare the extent of misallocation among firms within countries. We document high variation in firms' marginal …) closer to developed country benchmarks. Small firms and non-exporters have less access to finance and have higher returns to … capital in general. Self reported measures of obstacles to firms' operations suggest access to finance is the most important …

This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a …

firms. While most studies assess only the short-term impact of such programs, we consider also the longer-term impact … diversification; to greater exposure of beneficiary firms to crisis-affected economies leading to stunted export growth; or to … spillover benefits for non-beneficiary firms resulting in their catching-up in export sales. We find some evidence that the …

quality. We model theoretically the effects of real exchange rate changes on the optimal price and quantity responses of firms … with experts wine ratings as a measure of quality. In response to a real depreciation, we find that firms significantly …

Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate … opposite is true when minority shareholders hold a substantial fraction of the firm’s equity. In the analysis, we distinguish …

We analyse investment behaviour of the population of medium and large industrial firms located in the Czech Republic in … ownership-legal form categories of firms. By using a large panel of quarterly observations, we eliminate biases introduced by … data aggregation and selectivity, reduce measurement error, take into account heterogeneity across firms and over time, and …

-competitive trade model to examine how the liberalization of product and factor markets affects the ownership structure of firms. In our … model, managers decide whether or not to integrate their firms, trading off the pecuniary benefits of coordinating … when firms do not relocate across countries, the price changes triggered by liberalization of product markets can lead to …

generation. Firms, as controlled idea exchange systems, can reward idea generation but can do so only by restricting their … between markets and firms. …