Search results for "FIRMS"
showing 10 items of 158 documents
Fairness Considerations in Labor Union Wage Setting : A Theoretical Analysis
2012
We consider a theoretical model in which unions not only take the outside option into account, but also base their wage-setting decisions on an internal reference, called the fairness reference. Wage and employment outcomes and the shape of the aggregate wage-setting curve depend on the weight and the size of the fairness reference relative to the outside option. If the fairness reference is relatively high compared to the outside option, higher wages and lower employment than in the standard model will prevail. If hit by an adverse technology shock, the economy will then react with a stronger downward adjustment in employment, whereas real wages are more rigid than in the standard model. W…
A microeconometric analysis of the springboard subsidiary: The case of Spanish firms
2015
Abstract This paper provides a microeconometric analysis of the distinctive characteristics of springboard subsidiaries that have a positive impact on the subsidiaries’ performance. Based on panel data estimations for subsidiaries of European multinational companies with a presence in Spain, the authors found that if the subsidiary is located in the springboard country, then the performance improvement (increase in profit margin) of the subsidiary is about 49 percentage points. When the Spanish subsidiary is considered a springboard subsidiary, its performance is 7.7 percentage points higher than the performance of other subsidiaries that are not springboard subsidiaries. If the subsidiary …
Entry Barriers of Small and Medium-sized Software Firms in the Japanese Market
2007
The Japanese software market size was 131,773 million U.S. dollars in 2004. Due to limited domestic software production, Japan is highly dependent on imported software products. Despite the market potential for foreign software firms in Japan, almost no research exists on what kind of challenges foreign software firms encounter when they are entering the market. To fill this gap, this paper investigates the entry barriers of small and medium-sized software firms in the Japanese market by using a multi case-study. The findings suggest that most of the barriers are firm-specific and mainly related to firms’ resources and capabilities to operate in the market. The entry barriers encountered al…
The interrelation between socio-spatial and institutional context and family business characteristics
2019
Tomaselli, Agrò, Fazio e Fricano show how family firms draw strength from the regional institutional context (where the region is properly intended as an administrative sub-unit at national level), as well as contribute to its evolution via their own actions. The variation in family competencies and internal dynamics lead to differences in family firms's overlla performance. The relationship with the regional institutional system in mutually sinergic - even marginal family businesses add their voice to whole, resulting in grater collective political influence, and at the same time the institutions at the regional level provide some degree of legitimacy to all players.
In-house versus external basic research and first-to-market innovations
2016
This paper explores to what extent conducting internal basic research, as opposed to external basic research (i.e. outsourcing and collaboration with universities) encourages firms to bring new products into the market ahead of competitors, and contributes to innovation performance. The analysis is based on a sample of Spanish manufacturing firms over the period 2006–2012. Our findings suggest that conducting in-house basic research affects firm's propensity to introduce product novelties. Furthermore, performing this activity continuously affects the probability of being product-pioneer in low and medium–low tech sectors. Collaboration with universities also helps in introducing new produc…
The regulatory environment and financial constraints of private firms in the European Union
2023
This study analyzes the influence of the institutional environment on firms' capital structure in the European Union (EU). Unlike other research, we focus on private firms and include data from all EU countries from 2010 to 2018. We split the sample into groups of small and large firms, which we consider financially constrained and unconstrained, respectively. Throughout the study, we posit that institutional effects on financing policies vary with size, with the effects being greater for constrained firms as they face more financing frictions. We also run regression models controlling for firm-level characteristics and relevant macroeconomic factors. Our findings reveal that a high-quality…
Consequences of the Digital Economy : Transformation of the Growth Concept
2018
The digital economy is transforming the traditional concepts of economic growth.The recent reversal trend in GDP growth of ICT leaders can be attributed to effective utilization of soft innovation resources in Finland and adherence to traditional resources in Singapore.Confronting a productivity decline in the digital economy, global information and communication technology (ICT) leaders are transforming business models into those with uncaptured GDP creation. This can be attributed tothe harnessing soft innovation resourcesagainst a productivity decline. This in turn activates a self-propagating function and induces supra-functionality beyond economic value corresponding to a shift in peop…
Constructing the Audit Risk Assessment by the Audit Team Leader When Planning: Using Fuzzy Theory
2021
The aim of this study is to construct the assessment of the expected audit risk by the audit team leader (ATL) during the planification phase of the audit. The ATL plays an important role within the audit, and even more so regarding small and medium-sized (SME) audit firms. The audit risk assessment is critical as relying more (less) on internal controls implemented by the client leads to performing less (more) substantive audit procedures. This is determined by the ATL based on their professional judgement and previous experience. The use of fuzzy theory has powerful potential into the audit arena, as the audit risk assessment (outcome) is critically related to the auditors’ judgement and …
Competitiveness and Sustainability in tourist firms and destinations
2020
Tourism is a major activity in the global economy, not only in terms of its economic impact but also its social and environmental implications. The management practices and processes adopted by tourist companies and destinations are very heterogeneous and have variable impacts on the triple-bottom-line sustainability (people, profit, planet) of the ecosystem. However, there is still only limited available knowledge about the value of different practices for promoting both sustainable development and greater competitiveness. This Special Issue includes papers that present new ideas, theories, advancements, experiences, evidence or methodologies that support the convergence of economic, socia…
The effects of the anti-mafia entrepreneurial behavior on firm performance: an empirical study on southern Italian small-medium enterprises
2015
The organized crime is a relevant ethical, cultural, legal, sociologic and economic issue in many countries. In the last years there have been some positive signs of a reaction against the mafia like the successful experience of Addiopizzo, an anti-bribery association founded in Palermo in 2004 that today counts over 500 affiliated firms. Gambetta (1993) suggests the mafia could better be understood as a profit maximizing corporation in the marketplace for private protection. Despite this position has been criticized (Scalia, 2010), it highlights the crucial role of the pizzo for the mafia activities. In this study, we identify as “Anti-mafia Entrepreneurial Behaviour” (AEB) the choice of t…