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globalization. Globalization leads to better matches for all southern workers but only for the best northern workers. As a result …, we show that globalization increases wage inequality in the South but not necessarily in the North. We also study how … globalization affects the size distribution of firms and the patterns of consumption and trade in the global economy …
Persistent link: https://www.econbiz.de/10013323444
The globalization of firms is explored at theoretical and empirical levels. The idea is that a global firm is a multi …-cultural team. The existence of a global firm is somewhat puzzling. Combining workers who have different cultures, legal systems …
Persistent link: https://www.econbiz.de/10013310214
This paper finds that globalization is contributing to the rapid increase in executive compensation over the last few … executives at firms with poor corporate governance, as one would expect if globalization has enhanced rent-capture opportunities …. Overall, these results indicate that globalization has played a more central role in the rapid growth of executive …
Persistent link: https://www.econbiz.de/10012956923
, labor and "managers", each with a distribution of ability levels. Production combines a manager of some type with a group of …
Persistent link: https://www.econbiz.de/10013074651
globalization. Using this framework we discuss recent work on measuring the impact of various shocks firms face in the global …
Persistent link: https://www.econbiz.de/10013063293
. Globalization is shown to induce heterogeneous responses across firms in terms of scope and productivity, some of which are …
Persistent link: https://www.econbiz.de/10013076573
"spinouts": managers of input divisions can start their own firms, making customized inputs formerly provided internally subject … lead to inefficiently low entry. Vertically integrated firms can fight back by hiring managers for their input divisions …
Persistent link: https://www.econbiz.de/10013061777
Using a survey of 800 CEOs in 22 emerging economies we show that CEOs' management styles and philosophy vary with the control rights and involvement of the owning family and founder: CEOs of firms with greater family involvement have more hierarchical management, and feel more accountable to...
Persistent link: https://www.econbiz.de/10013063090
We present evidence on the labor supply of CEOs, and on whether family and professional CEOs differ on this dimension. We do so through a new survey instrument that allows us to codify CEOs' diaries in a detailed and comparable fashion, and to build a bottom-up measure of CEO labor supply. The...
Persistent link: https://www.econbiz.de/10013034569
This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or external chief executive officer (CEO). The paper...
Persistent link: https://www.econbiz.de/10012752154