Showing 1 - 10 of 55,696
Persistent link: https://www.econbiz.de/10001613846
Persistent link: https://www.econbiz.de/10002060798
Persistent link: https://www.econbiz.de/10003954078
Persistent link: https://www.econbiz.de/10010358336
Persistent link: https://www.econbiz.de/10011717880
Persistent link: https://www.econbiz.de/10011593129
technological diversification and firm growth and the conditioning role of firm-specific core-technology competence in the … both insufficient and excessive technological diversifications are harmful for firm growth. Second, the level of competence … for firms with high core-technology competence. These results suggest that sufficient core-technology competence is needed …
Persistent link: https://www.econbiz.de/10014037369
This paper explores the connection between three important threads of economic research offering different approaches to studying the dynamics of an industry with heterogeneous firms. Finite models of the form pioneered by Ericson and Pakes (1995) capture the dynamics of a finite number of...
Persistent link: https://www.econbiz.de/10014042208
Capital reallocation is procyclical and dispersion in Tobin's q across firms is counter-cyclical or acyclical. These facts run counter to the Schumpeterian view of capital reallocation embodied in modern theories of business cycles. To resolve the puzzles, we model an economy with search...
Persistent link: https://www.econbiz.de/10012972482
We present a dynamic general equilibrium model with heterogeneous firms. Owners of the firms delegate investment decisions to managers, whose consumption and investment are private information. We solve the optimal incentive compatible contracts and characterize the implied firm dynamics....
Persistent link: https://www.econbiz.de/10013037654