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Intangible Investment and Technical Efficiency: The Case of Software-Intensive Manufacturing Firms in Turkey

Findik, Derya; Tansel, Aysit - 2015

This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high …

Persistent link: https://www.econbiz.de/10011307465

Private information, human capital, and optimal 'home bias' in financial markets

Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - 2011

By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or home bias, from what standard finance models predict. Our model ascribes the bias to...

Persistent link: https://www.econbiz.de/10010286893

Beyond the Fundamentals: How Media-Driven Narratives Influence Cross-Border Capital Flows

Agarwal, Isha; Chen, Wentong; Prasad, Eswar - 2024

We provide the first empirical evidence on how media-driven narratives influence cross-border institutional investment flows. Applying natural language processing techniques to one-and-a-half million newspaper articles, we document substantial cross-country variation in sentiment and risk...

Persistent link: https://www.econbiz.de/10015175179

Private Information, Human Capital, and Optimal "Home Bias" in Financial Markets

Ehrlich, Isaac; Shin, Jong Kook; Yin, Yong - Institute for the Study of Labor (IZA) - 2011

By allowing for imperfectly informed markets and the role of private information, we offer new insights about observed deviations of portfolio concentrations in domestic relative to foreign risky assets, or "home bias", from what standard finance models predict. Our model ascribes the "bias" to...

Persistent link: https://www.econbiz.de/10009359859

Cut Off from New Competition: Threat of Entry and Quality of Primary Care

Brüll, Eduard; Rostam-Afschar, Davud; Schlenker, Oliver - 2024

We study how the threat of entry affects service quantity and quality of general practitioners (GPs). We leverage Germany's needs-based primary care planning system, in which the likelihood of new GPs reduces by 20 percentage points when primary care coverage exceeds a cut-off. We compile novel...

Persistent link: https://www.econbiz.de/10015210913

The Interplay between Organizational Structure, Culture and Employees’ Socio-Emotional Skills within Their Social Capital

Koohborfardhaghighi, Somayeh; Altmann, Jörn; Heshmati, … - 2022

Organization theorists identify organizational social capital as one of the primary building blocks of a potentially powerful resource for improving organizational performance. However, little is known about the impact of the socio-emotional skills of the employees within their social capital...

Persistent link: https://www.econbiz.de/10013351855

How Representative Are Social Partners in Europe? The Role of Dissimilarity

Martínez Matute, Marta; Martins, Pedro S. - 2022

Social partners (trade unions and employers' associations) and their representativeness can shape labour institutions and economic and social outcomes in many countries. In this paper, we argue that, when examining social partners' representativeness, it is important to consider both affiliation...

Persistent link: https://www.econbiz.de/10013351909

Implicit Contracts, Incentive Compatibility, and Involuntary Unemployment: Thirty Years On

MacLeod, W. Bentley; Malcomson, James - 2023

"Implicit Contracts, incentive compatibility, and involuntary unemployment" (MacLeod and Malcomson, 1989) remains our most highly cited work. We briefly review the development of this paper and of our subsequent related work, and conclude with reflections on the future of relational contract...

Persistent link: https://www.econbiz.de/10014296625

Political Connections, Business Groups and Innovation

Commander, Simon; Estrin, Saul; De Silva, Thamashi - 2023

It has been argued that Asia's remarkable economic achievements of the past 50 years build on institutional arrangements very different from the West, notably the central role of business groups (BGs). As Asian economies move from extensive to intensive growth, we enquire whether the business...

Persistent link: https://www.econbiz.de/10014296751

Management Incentives, Signaling Effects and the Costs of Vertical Integration

Sliwka, Dirk - 2003

The costs of vertical integration are analyzed within a game-theoretic signaling model. It is shown that a company when being vertically integrated with a supplier may well decide to buy certain components from this supplier even at a lower quality than that offered by external sources. When the...

Persistent link: https://www.econbiz.de/10010261581