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firm's investment is comparatively more sensitive to cash flow, but this sensitivity is negatively and significantly … related with corporate efficiency. These results point to the fact that high investment sensitivity to cash flow may not be … solely driven by measurement error in investment opportunity, but may still be interpreted as a consequence of imperfect …
Persistent link: https://www.econbiz.de/10013051438
the firm level. The paper focuses on how the impact of the investment climate varies across sizes of firms. The …
Persistent link: https://www.econbiz.de/10013316735
This paper combines, explains and summarizes recent findings from the empirical literature focusing on the FDI's effect on firms' performances by collecting all the relevant firm level quantitative studies to run a regression of regressions focused on Enlarged Europe. The results show that there...
Persistent link: https://www.econbiz.de/10013055562
Using a novel modeling approach, and cross-country firm level data for the textiles industry, we examine the impact of institutional quality on firm performance. Our methodology allows us to estimate the marginal impact of institutional quality on productivity of each firm. Our results bring...
Persistent link: https://www.econbiz.de/10013110199
This paper investigates four cohorts of firms from German manufacturing industries that started to export in the years between 1998 and 2002 and follows them over the five years after the start. Export starters are a rare species and they are small on average compared to incumbent exporters....
Persistent link: https://www.econbiz.de/10013138253
We conduct a randomized experiment in Sri Lanka to measure the impact of the most commonly used business training course in developing countries, the Start-and-Improve Your Business (SIYB) program. In contrast to existing business training evaluations which are restricted to microfinance...
Persistent link: https://www.econbiz.de/10013099405
Turning unemployment into self-employment has become an increasingly important part of active labor market policies (ALMP) in many OECD countries. Germany is a good example where the spending on start-up subsidies for the unemployed accounted for nearly 17% of the total spending on ALMP in 2004....
Persistent link: https://www.econbiz.de/10013147125
When unemployed persons go into business, they often are characterized as necessity entrepreneurs, because push factors, namely their unemployment, likely prompted their decision. In contrast to this, business founders who have been previously employed represent opportunity entrepreneurs because...
Persistent link: https://www.econbiz.de/10013149521
In this paper we investigate the relationship between females among the first hires of start-up companies and business success. Our results show that firms with female first hires have a higher share of female workers at the end of the first year after entry. Further, we find that firms with...
Persistent link: https://www.econbiz.de/10013153516
According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female workers forgo profits by submitting to their tastes. In a competitive market their firms lack efficiency and are therefore forced to leave. We present new empirical evidence for...
Persistent link: https://www.econbiz.de/10013154990