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Undocumented Worker Employment and Firm Survival

Brown, J. David - 2009

. Firms are found to engage in herding behavior, being more likely to employ undocumented workers if competitors do. Rivals … marginal revenue product. The herding behavior and competitive effects are found to be much weaker in geographically broad …

Persistent link: https://www.econbiz.de/10012765295

Real Estate Prices and Corporate Investment : Theory and Evidence of Heterogeneous Effects Across Firms

Fougère, Denis - 2018

In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms' borrowing capacities through two channels.An...

Persistent link: https://www.econbiz.de/10012906468

Government Subsidies as a Risk-Sharing Policy Tool in Innovation Investment

Lu, Hao; Fuentes, Claudia de; Milla, Joniada; Ahmadi, Soheil - 2022

Current literature on the impact assessment of government innovation subsidies is mainly empirical driven and lacks an overarching theoretical model to explain the conditions under which government subsidies create positive additionalities on private R&D investment. In this paper, we present a...

Persistent link: https://www.econbiz.de/10014241969

Does Easy Start-Up Formation Hamper Incumbents' R&D Investment? A Theoretical and Empirical Analysis

Colombo, Luca - 2015

Community Innovation Survey covering the period 1998-2000. The results of our empirical analysis support our theory …

Persistent link: https://www.econbiz.de/10013035752

Corporate Efficiency, Credit Status and Investment

Quader, Manzur - 2014

Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...

Persistent link: https://www.econbiz.de/10013051438

Unions and Firms' Investments : A Unified View

Berton, Fabio - 2019

In this paper, we present a simple model in which a unionized and non-unionized firm optimally make investment decisions given their labor productivity. By allowing workers' organizations to have positive effects on labor effort, we find that the classic hold-up problem does not necessarily...

Persistent link: https://www.econbiz.de/10012864858

Herding, Warfare, and a Culture of Honor : Global Evidence

Cao, Yiming; Enke, Benjamin; Falk, Armin; Giuliano, Paola; … - 2021

According to the widely known 'culture of honor' hypothesis from social psychology, traditional herding practices are …, and large-scale surveys. The data show systematic links between traditional herding practices and a culture of honor …. First, the culture of pre-industrial societies that relied on animal herding emphasizes violence, punishment, and revenge …

Persistent link: https://www.econbiz.de/10013324565

Do We Follow Others When We Should? A Simple Test of Rational Expectations

Weizsacker, Georg - 2021

The paper presents a new meta data set covering 13 experiments on the social learning games by Bikhchandani, Hirshleifer, and Welch (1992). The large amount of data makes it possible to estimate the empirically optimal action for a large variety of decision situations and ask about the economic...

Persistent link: https://www.econbiz.de/10013325050

Mind the Gap : Crowd-Funding and the Role of Seed Money

Deutsch, Joseph - 2015

We analyze voluntary private contributions to public goods and the role seed money plays in signaling the public good's quality to potential subsequent contributors. We present a theoretical model and analyze two sets of naturally occurring data from crowd-funding platforms. After developing the...

Persistent link: https://www.econbiz.de/10013024898

Crowdfunding, Cascades and Informed Investors

Parker, Simon C. - 2014

Do higher proportions of (a) informed investors and (b) high-quality projects increase the number of good projects that are ultimately financed via crowdfunding? A simple model and simulation reveals the answers to both questions to be: 'not necessarily'

Persistent link: https://www.econbiz.de/10013057901