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We demonstrate that common modeling assumptions underlying micro-unit productivity indices induce biases in the … evolution and decomposition of standard aggregate productivity measures. After controlling for such biases, we decompose … aggregate productivity based on groups of economically significant firm types. We show that large incumbent firms that both …
Persistent link: https://www.econbiz.de/10011802718
I propose a dynamic general equilibrium model in which strategic interactions between banks and depositors may lead to endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form expectations about bank risk-taking and demand a...
Persistent link: https://www.econbiz.de/10011978544
We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …
Persistent link: https://www.econbiz.de/10014028049
We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …
Persistent link: https://www.econbiz.de/10012467334
We examine how credit constraints affect the cyclical behavior of productivity-enhancing investment and thereby … a long-term productivity-enhancing one. Because it takes longer to complete, long-term investment has a relatively less …
Persistent link: https://www.econbiz.de/10013252334
This paper aims to investigate the effect of knowledge characteristics on the total factor productivity of firms … coherence vs. market coherence and of accumulated knowledge on the productivity of firms differs. Productivity increases with … project knowledge, the diversity of the project portfolio positively affects productivity. -- total factor productivity …
Persistent link: https://www.econbiz.de/10003989032
This article analyzes the impact of institutional investors on firm productivity duringthe financial crisis 2008 … constrained indicating that foreign insti-tutional ownership prevents the known productivity slowdown during the financial …
Persistent link: https://www.econbiz.de/10012805675
This paper empirically examines the link between firms’ performance and institutional quality using data for firms in 52 countries. We control for potential endogeneity by instruments alternatively based on legal origin and “related-firm” institutions, and by a “bribery” variable. We...
Persistent link: https://www.econbiz.de/10014205786
Persistent link: https://www.econbiz.de/10014339221
Persistent link: https://www.econbiz.de/10010256268