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on Business Economics |
| By: | Joachim Wagner (Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre and Kiel Centre for Globalization) |
| Abstract: | This paper uses firm level data from the World Bank Enterprise surveys conducted in 2019 and from the COVID-19 follow-up surveys conducted in 2020 in eight European countries to investigate the link between exporting before the pandemic and firm survival until 2020. The estimated effect of exports is positive and statistically significant ceteris paribus after controlling for various firm characteristics that are known to be related to firm survival. Furthermore, the size of this estimated effect can be considered to be large on average. Exporting helped firms to survive. |
| Keywords: | Exports, firm survival, COVID-19, World Bank Enterprise Surveys, Robit regression |
| JEL: | D22 F14 L20 L25 L29 |
| Date: | 2023–10 |
| URL: | http://d.repec.org/n?u=RePEc:lue:wpaper:422&r=bec |
| By: | Mario Daniele Amore; Mircea Epure; Orsola Garofalo |
| Abstract: | Choosing the right company name is challenging and may have major consequences for firm prospects. Drawing on the strategic conformity literature, we investigate the implications of "nonconforming" company names, i.e. foreign sounding and family-unrelated, for family firms' performance. Consistent with the idea that such names endow the business with greater visibility and recognition, we find that nonconforming names are positively associated with financial performance. This association is stronger when the firm operates in an industry with a low share of nonconforming peers and a high share of eponymous peers, in a crowded product class, and is smaller than industry peers. Collectively, our analysis provides new evidence on the strategic implications of company names. |
| Keywords: | organizational identity, company names, Family firms, performance |
| JEL: | G30 M10 M14 |
| Date: | 2023–10 |
| URL: | http://d.repec.org/n?u=RePEc:bge:wpaper:1408&r=bec |
| By: | Olayinka Oyekola (Department of Economics, University of Exeter); Martha A. Omolo (Department of Economics, University of Exeter); Olapeju C. Ogunmokun (Faculty of Business and Law, De Montfort University) |
| Abstract: | The answer is No. Our evidence derives from leveraging international firm-level data to examine the statistical importance of gender composition of ownership as a determinant of bribery solicitations. Our data are for 18, 240 firms in 18 industries across 110 countries. For this group of firms, we find that female involvement in ownership is unimportant for explaining which firms are more susceptible to bribery solicitations. However, we find that majority-female-owned firms differ significantly from majority-male-owned firms in terms of their experiences of bribery transactions. Specifically, we establish that firms with majority female ownership are less susceptible to bribery solicitations, when compared to their counterparts with minority female ownership. Additionally, we find that all fifteen sources of business obstacles that we consider are positively related to bribery solicitations. Using an interaction model, we observe that the benefits accruing to majority-female-owned firms in terms of reduced bribery solicitations are diminished in the presence of some perceived business obstacles, namely: corruption, political instability, tax administration, and transportation. Our results, which are robust to several specification checks, including endogeneity tests, add to the gender and corruption literature. |
| Keywords: | gender, ownership composition, female-owned firms, bribery, corruption, business obstacles |
| JEL: | D73 J16 L2 O17 |
| Date: | 2023–10–01 |
| URL: | http://d.repec.org/n?u=RePEc:exe:wpaper:2311&r=bec |
| By: | Green, David A.; Liu, Huju; Ostrovsky, Yuri; Picot, Garnett |
| Abstract: | Firm ownership is a defining feature of immigrant adaptation with 41% of immigrants owning a firm at some point in their first 10 years after arrival. We use rich Canadian administrative data linking immigrant arrival records with individual and firm tax data to examine the process by which immigrants enter firm ownership. We find that higher immigrant firm ownership rates are almost entirely associated with nonincorporated firm ownership, which looks like a state of last resort. Human capital plays no role in the opening of preferable incorporated firms. On balance, immigrants are not more entrepreneurial in terms of opening incorporated firms with employees and standard policy levers appear to have limited effect on this. |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:clefwp:61&r=bec |
| By: | Mario Daniele Amore; Mircea Epure; Orsola Garofalo |
| Abstract: | Choosing the right company name is challenging and may have major consequences for firm prospects. Drawing on the strategic conformity literature, we investigate the implications of "nonconforming" company names, i.e. foreign sounding and family-unrelated, for family firms' performance. Consistent with the idea that such names endow the business with greater visibility and recognition, we find that nonconforming names are positively associated with financial performance. This association is stronger when the firm operates in an industry with a low share of nonconforming peers and a high share of eponymous peers, in a crowded product class, and is smaller than industry peers. Collectively, our analysis provides new evidence on the strategic implications of company names. |
| Keywords: | Organizational identity; company names; family firms; performance |
| Date: | 2023–09 |
| URL: | http://d.repec.org/n?u=RePEc:upf:upfgen:1870&r=bec |
| By: | Gianluca Biggi; Andrea Mina; Federico Tamagni |
| Abstract: | Using a firm-level dataset from the Spanish Technological Innovation Panel (2003-2016), this study explores the characteristics of environmentally innovative firms and quantifies the effects of pursuing different types of environmental innovation strategies (resource-saving, pollution-reducing, and regulation-driven innovations) on sales, employment, and productivity dynamics. |
| Date: | 2023–10 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2310.08353&r=bec |
| By: | Mauro Caselli; Andrea Fracasso; Arianna Marcolin; Sergio Scicchitano |
| Abstract: | In this paper, we empirically assess whether the perceived implications of technological innovations on the probability of job loss vary according to the innovation-related strategies adopted by firms. We take advantage of a unique dataset based on a large and representative cross-sectional survey covering several characteristics of Italian workers and their firms. We find that the relationship between technological innovations and job insecurity is moderated by firms’ technology-specific training programs, their dismissal plans, and the impact of innovations on the tasks and activities performed by workers. Thus, workers’ perceptions of job insecurity vary significantly across innovative firms and the adoption of technological innovations in the workplace has a multifaceted impact on the perceptions of job insecurity of the affected workers. |
| Keywords: | job insecurity, technology, innovation, firms |
| JEL: | J28 O33 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:ces:ceswps:_10673&r=bec |
| By: | Gustavo de Souza |
| Abstract: | I study the effect of an innovation subsidy on the growth of firms in a developing country. Using administrative microdata for Brazil and difference-in-differences, I find that innovation subsidies drive firm growth by facilitating firm entry into high-tariff markets with domestically produced versions of foreign goods. After receiving an innovation subsidy, firms issue more patents, expand their workforce, and diversify their product line. However, these patents receive minimal citations, while also heavily citing foreign patents. Firms increase imports of foreign inputs and expand their product line towards products with high import tariff. Despite that, in the most conservative estimate, every $1 of innovation subsidy generated $10 in present value wages. |
| Keywords: | R&D; Industrial policy; Industrial development |
| JEL: | O3 O14 O25 |
| Date: | 2023–10–05 |
| URL: | http://d.repec.org/n?u=RePEc:fip:fedhwp:97212&r=bec |