Similar Search Results

Business Strategy and Firm Reorganization under Changing Market Conditions

Ghosal, Vivek - CESifo - 2009

This study is framed against the increasingly stringent environmental demands on the pulp and paper industry since the late-1980s to reduce water and air pollution, and the global economic slowdown of the early-1990s. The primary focus of this paper is an observation-based analysis conducted by...

Persistent link: https://www.econbiz.de/10004979391

Fishing for Excuses and Performance Evaluation

Larmande, François; Ponssard, Jean-Pierre - CESifo - 2014

We study a principal-agent model in which the agent can provide ex post additional relevant information regarding his performance. In particular, he can provide a legitimate excuse, that is, evidence that a poor result is only due to factors outside his control. However, building a convincing...

Persistent link: https://www.econbiz.de/10010877776

The Benefits of Being Economics Professor A (and not Z)

Praag, Mirjam van; Praag, Bernard M.S. van - CESifo - 2007

Alphabetic name ordering on multi-authored academic papers, which is the convention in the economics discipline and various other disciplines, is to the advantage of people whose last name initials are placed early in the alphabet. As it turns out, Professor A, who has been a first author more...

Persistent link: https://www.econbiz.de/10005766276

Ownership Concentration and Share Valuation: Evidence from Germany

Edwards, Jeremy; Weichenrieder, Alfons - CESifo - 1999

Concentrated ownership of large listed companies is widespread throughout the world, and Germany is typical in this respect. This paper proposes a method of distinguishing empirically between the beneficial and harmful effects of ownership concentration, and applies it to German data. The...

Persistent link: https://www.econbiz.de/10005406388

Mitigating Liquidity Constraints: Public Export Credit Guarantees in Germany

Felbermayr, Gabriel J.; Heiland, Inga; Yalcin, Erdal - CESifo - 2012

. It employs a difference-in-differences strategy combined with a matching approach, to create an appropriate control group …

Persistent link: https://www.econbiz.de/10010877647

Do Entrepreneurs Matter?

Becker, Sascha O.; Hvide, Hans K. - CESifo - 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/10010607007

Market Effects of Voluntary Climate Action by Firms: Evidence from the Chicago Climate Exchange

Gans, Will; Hintermann, Beat - CESifo - 2011

Why do for-profit firms take voluntary steps to improve the environment? Brand appeal to green consumers or investors, the ability to influence or avoid regulation, or the experience gained for future regulation, have all been suggested as possible reasons. The empirical evidence is decidedly...

Persistent link: https://www.econbiz.de/10009021238

Redistribution and Occupational Choice in a Schumpeterian Growth Model

Wen, Jean-François; García-Peñalosa, Cecilia - CESifo - 2004

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is … social insurance, thus encouraging innovation and accelerating growth. The general equilibrium effects of the reallocation of …

Persistent link: https://www.econbiz.de/10005405717

Venture Capital Backed Growth

Keuschnigg, Christian - CESifo - 2002

The paper proposes a simple equilibrium model of venture capital, entrepreneurship and innovation. Venture capitalists … productive and active VC industry boosts innovation driven growth. …

Persistent link: https://www.econbiz.de/10005405803

The Impact of Continuous Training on a Firm’s Innovations

Bauernschuster, Stefan; Falck, Oliver; Heblich, Stephan - CESifo - 2008

Keeping up with rapid technological change necessitates constant innovation. Successful innovation depends on both … implement them. Both of these knowledge-based elements of innovation can be attained through moderate labor force turnover in … innovation within a multivariate regression framework. However, when instrumenting training by the existence of a union …

Persistent link: https://www.econbiz.de/10005405807