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on All new papers |
| By: | Elhanan Helpman |
| URL: | http://d.repec.org/n?u=RePEc:qsh:wpaper:77376&r=bec |
| By: | Caroline Mothe; Uyen T. Nguyen-Thi; Phu Nguyen-Van |
| Abstract: | We empirically investigate the pattern of complementarity between four organizational practices. Firm-level data were drawn from the Community Innovation Survey (CIS) carried out in 2008 in Luxembourg. Supermodularity tests confirm the crucial role of organizational innovation in raising firms’ technological innovation. The pattern of complementarity between organizational practices differs according to the type of innovation, i.e. product or process innovation, but also according to whether the firm is in the first stage of the innovation process (i.e. being innovative or not) or in a later stage (i.e. innovation performance in terms of sales of new products). |
| Keywords: | Complementarity; Organizational innovation; Substitution; Supermodularity; Technological innovation |
| JEL: | D22 O32 |
| Date: | 2014–08–29 |
| URL: | http://d.repec.org/n?u=RePEc:ipg:wpaper:2014-488&r=bec |
| By: | Sabri Boubaker; Rey Dang; Duc Khuong Nguyen |
| Date: | 2014–08–29 |
| URL: | http://d.repec.org/n?u=RePEc:ipg:wpaper:2014-540&r=bec |
| By: | Schmerer, Hans-Jörg (Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany]); Wang, Luhang |
| Abstract: | "Do firms in developing countries shift trade towards developed economies as a result of high economic growth? The matched customs-manufacturing firm data used in this study confront this hypothesized link with empirical evidence. Our analysis reveals a rising low-income country trade share around and after China's accession to the World Trade Organization. Based on this stylized fact, we analyze the link between firm characteristics and trade with low-income countries. We find evidence for sequential sorting into different export-modes according to firm-productivity: i) only the most productive firms export to low-income countries, ii) exporting to low-income countries is mostly coupled to exporting to high-income countries, and iii) firms that switch to export to markets with higher potential are younger than firms that switch to export to both high- and low-income markets. Moreover, we find that firms tend to start exporting through specialization on high-income markets before diversifying to both type of markets." (Author's abstract, IAB-Doku) ((en)) |
| Keywords: | Export, Außenhandelsverflechtung, Entwicklungsländer, Industrieländer, China |
| JEL: | F1 O1 |
| Date: | 2014–08–19 |
| URL: | http://d.repec.org/n?u=RePEc:iab:iabdpa:201419&r=bec |
| By: | Luciano Fanti |
| Abstract: | In this paper we revisit the issue of the scope of bargaining between firms and unions. It is shown that an agreement between p arties on the bargaining agenda may endogenously emerge only on the Efficient Bargaining arrangement, provided that union’s power is not too high. |
| Keywords: | Efficient bargaining; Right-to-manage; Cournot duopoly. |
| JEL: | J51 L13 |
| Date: | 2014–04–01 |
| URL: | http://d.repec.org/n?u=RePEc:pie:dsedps:2014/182&r=bec |
| By: | Eduardo Moron; Edgar Salgado; Cristhian Seminario |
| Abstract: | This paper documents the relationship between regional financial development and firm growth in the Peruvian manufacturing sector. In order to control for mutual causality between credit availability and firm growth, industry differences in financial dependence on external funds are exploited. The 1994 and 2008 rounds of the National Economic Census are used, permitting analysis at the firm level as well as the activity level. Results suggest a significant and positive effect of financial deepening on surviving firms` growth. However, this effect is smaller for micro enterprises, suggesting that the cost of external funding decreases with financial development mainly for large firms. The conclusions remain unchanged when entering and exiting firms are included. The paper further finds that credit expansion have encouraged not only firm growth but also firm entry. The results are robust using an alternative measure of financial dependence. |
| JEL: | D22 D53 G21 L11 L60 O14 |
| Date: | 2013–06 |
| URL: | http://d.repec.org/n?u=RePEc:idb:wpaper:idb-wp-398&r=bec |
| By: | Amit Basole (Department of Economics, University of Massachusetts, Boston); Deepankar Basu (Department of Economics, University of Massachusetts, Amherst); Rajesh Bhattacharya (Indian Institute of Management, Calcutta) |
| Abstract: | There are two divergent perspectives on the impact of subcontracting on firms in the informal sector. According to the benign view, formal sector firms prefer linkages with relatively modern firms in the informal sector, and subcontracting enables capital accumulation and technological improvement in the latter. According to the exploitation view, formal sector firms extract surplus from stagnant, asset-poor informal sector firms that use cheap family labour in home-based production. However, direct, firm-level evidence on the determinants and impact of subcontracting is thus far lacking in the literature. We apply a modified Heckman selection model to Indian National Sample Survey data on informal manufacturing enterprises (2005-06). We find that home-based, relatively asset-poor, and female-owned firms are more likely to be in a subcontracting relationship. Further, we perform selectivity-corrected Oaxaca-Blinder Decomposition and calculate treatment effects to show that subcontracting benefits smaller firms, firms in industrially backward states and rural firms; it is harmful for larger firms, firms in industrially advanced states, and urban firms. Our results suggest that the effects of subcontracting are more complex than those predicted by the divergent perspectives. Policy-makers need to engage with this complexity. |
| Keywords: | sub-contracting, informal sector, Heckman sample selection, Blinder-Oaxaca de- composition |
| JEL: | C31 O17 O53 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:ums:papers:2014-04&r=bec |
| By: | Federico Cingano; Marco Leonardi; Julián Messina; Giovanni Pica |
| Abstract: | This paper estimates the causal impact of dismissal costs on capital deepening and productivity exploiting a reform that introduced unjust-dismissal costs in Italy for firms below 15 employees, leaving firing costs unchanged for larger firms. We show that the increase in firing costs induces an increase in the capital-labour ratio and a decline in total factor productivity in small firms relative to larger firms after the reform. Our results indicate that capital deepening is more pronounced at the low-end of the capital distribution - where the reform hit arguably harder - and among firms endowed with a larger amount of liquid resources. We also find that stricter EPL raises the share of high-tenure workers, which suggests a complementarity between firm-specific human capital and physical capital in moderate EPL environments. |
| Keywords: | Capital deepening, severance payments, regression discontinuity design, financial market imperfections, credit constraints |
| JEL: | J65 G31 D24 |
| Date: | 2014–06 |
| URL: | http://d.repec.org/n?u=RePEc:itt:wpaper:2014-4&r=bec |
| By: | Hidaya Othmani Gharbi; Sami Gharbi; Jean-Michel Sahut |
| Date: | 2014–08–29 |
| URL: | http://d.repec.org/n?u=RePEc:ipg:wpaper:2014-533&r=bec |
| By: | Anwar, Amar; Mughal, Mazhar |
| Abstract: | This study examines the motives for Russian outward foreign direct investments (OFDI) around the world. Using firm-level data for Russian firms, home and host country economic, geographical, cultural and institutional drivers of Russian OFDI are analyzed. Findings show that Russian OFDI seems to be motivated by both the push and the pull factors. Results suggest market-seeking to be the main motive behind Russian outward foreign direct investments, followed by resource and technology acquisition, while efficiency-seeking does not appear to be a major objective. Compared with the pre-crisis period, Russian firms have been seeking more foreign investments since 2008. The study helps better understand the economic, geographical, cultural and institutional factors that Russian transnational corporations consider while planning investments abroad. |
| Keywords: | Outward Foreign Direct Investment; 2008 financial crisis; Russia |
| JEL: | F23 G01 O53 |
| Date: | 2014–06–24 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:58178&r=bec |
| By: | Spyros Arvanitis (KOF Swiss Economic Institute, ETH Zurich, Switzerland); Florian Seliger (KOF Swiss Economic Institute, ETH Zurich, Switzerland) |
| Abstract: | The main objective of this empirical paper is to identify characteristics of imitation and innovation and shed light on possible differences between these two kinds of innovative activity. Thus, it tries to answer the following questions: (a) what are the determinants of imitative performance compared to determinants of innovative performance and (b) what are the determinants of switching from imitative to innovative behavior compared to imitators and innovators showing persistence over time. The study is based on Swiss firm data. In sum, our findings indicate that imitating firms are significantly more ‘extroverted’ than innovating firms because their activities are much more related to external R&D activities and cooperation and medium-educated personnel. Innovating firms do not rely to the same extent on the exploration of external knowledge. Their rather ‘introverted’ behavior seems be more related with intense exploitation of internal resources. Further, the profiles of different types of innovating firms show that an innovation performance hierarchy exists ranking from occasional innovators through switchers to persistently innovating firms. |
| Keywords: | innovation, imitation |
| JEL: | O31 |
| Date: | 2014–08 |
| URL: | http://d.repec.org/n?u=RePEc:kof:wpskof:14-367&r=bec |
| By: | Mukoyama, Toshihiko; Patterson, Christina; Sahin, Aysegul (Federal Reserve Bank of New York) |
| Abstract: | We create a novel measure of job search effort starting in 1994 by exploiting the overlap between the Current Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time series and cross-state variation and find that it is countercyclical. About half of the countercyclical movement is explained by a cyclical shift in the observable characteristics of the unemployed. Individual responses to labor market conditions and drops in wealth are important in explaining the remaining variation. |
| Keywords: | job search; time; use; business cycles |
| JEL: | E24 E32 J22 J64 |
| Date: | 2014–08–01 |
| URL: | http://d.repec.org/n?u=RePEc:fip:fednsr:689&r=bec |
| By: | Guillaume Marceau |
| Abstract: | In this article, we propose an organizational communication oriented approach to Risk Management. The business domain studied here is the pharmaceutical industry, which has a high sensitivity to communication. Through two examples, we show how and in which context risk management can be an essential component in corporate management, by laying partially aside financial aspects, although they are usually put forward in this field. |
| Keywords: | risk management; organizational communication; crisis; vigilance |
| JEL: | I11 M14 O32 |
| Date: | 2014–08–29 |
| URL: | http://d.repec.org/n?u=RePEc:ipg:wpaper:2014-536&r=bec |