Search results for "Firm"
showing 10 items of 975 documents
Overcomplying for profit
2005
To maximize their profit, multinationals can design and implement the same and toughest standard in all locations, regardless of domestic regulations. We discuss this kind of overcompliance and stress its underpinnings. Some potential extensions are suggested.
Le recrutement des jeunes docteurs dans le secteur privé
2007
This paper explores the relationship between the characteristics of the doctoral training and the recruitment of young PhDs in the private sector in France. We used information from a national representative survey of 1246 PhDs graduated in 2001 and interviewed in 2004. We focus on the recruitment and PhD returns among research-based jobs and non-research jobs in the private sector. Our econometrics results show that access and wages in the R&D jobs strongly depends on previous labour experience during the PhD (participation in a research contract, private funding for the PhD). In addition, we find that PhD students who expressed a preference for academia pay a wage penalty when they access…
Trade Associations: Why Not Cartels?
2021
First published: 30 September 2020 The relevance of special interests lobbying in modern democracies can hardly be questioned. But if large trade associations can overcome the free riding problem and form effective lobbies, why do they not also threaten market competition by forming equally effective cartels? We argue that the key to understanding the difference lies in supply elasticity. The group discipline which works in the case of lobbying can be effective in sustaining a cartel only if increasing output is sufficiently costly ‐ otherwise the incentive to deviate is too great. The theory helps organizing a number of stylized facts within a common framework. This article has been accept…
Technological and organizational capital : Where complementarities exist
2018
This study analyzes the complementarities between technological and organizational capital within enterprises. Different components of technological and organizational capital exert distinct—and often opposed—forces on each other. Our empirical results show that greater employee voice promotes firm productivity when combined with information technology, but harms firm productivity when combined with communication technology. On the other hand, flexible work design is positively associated with communication technology and negatively associated with information technology. peerReviewed
Exploring the determinants of anti-mafia entrepreneurial behaviour: an empirical study on southern Italian SMEs
2017
This study analyses organized crime from an economic perspective and highlights the crucial role of extortion in mafia activities. From an economic viewpoint, we debate the conditions that lead companies to resist mafia extortion. To study the reactions of firms to extortion, we adopt an institutional perspective and consider the contribution of different theories in the socially responsible behaviour and organized crime literature, in an attempt to understand this complex entrepreneurial behaviour better. A sample of 116 southern Italian SMEs, whose entrepreneurs have publicly opposed mafia extortion, was selected. By adopting a matched-pair design, anti-mafia firms were subsequently match…
The Dynamic Linkages Among Exports, R&D and Productivity
2014
This paper estimates a dynamic model of a firm's decision to export and invest in RD in the second step, we estimate a bivariate dynamic model of the firm's decision to invest in R&D and export, in which we analyse the linkages among investing in R&D, exporting and productivity. Using a representative sample of Spanish manufacturing firms for the period 1990–2009, we find that both export and R&D positively affect future productivity, which will drive more firms to self-select in those activities.
Service Regulations, Input Prices and Export Volumes: Evidence from a Panel of Manufacturing Firms
2019
Utilizando datos de panel, este trabajo muestra que una mejor regulacion en el sector servicios reduce el precio de los consumos intermedios que soportan las empresas de manufacturas, especialmente aquellas de mayor tamano. El beneficio de un marco regulatorio que fomenta la competencia en el sector servicios se extiende a los mercados internacionales. Entre 1991 y 2007, las reformas en servicios habrian permitido a las grandes companias industriales espanolas incrementar sus exportaciones reales de bienes alrededor de un 22 % en terminos acumulados, a lo largo de este periodo, frente a un hipotetico escenario sin reformas. Mas aun, si se hubiera producido la convergencia en materia regulat…
Export intensity and the productivity gains of exporting
2013
This article analyses whether the productivity gains associated with Learning-by-Exporting (LBE) (controlling for self-selection) depend on the intensity of the firm's exporting activity. The results from a representative sample of Spanish manufacturing firms indicate that the yearly average gains in productivity are larger for those firms that increase their export-to-sales ratio.
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…
Multi-product firms and product variety
2008
The goal of this paper is to study the role of multi-product firms in the market provision of product variety. The analysis is conducted using the spokes model of non-localized competition proposed by Chen and Riordan (2007). Firstly, we show that multi-product firms are at a competitive disadvantage vis-a-vis single-product firms and can only emerge if economies of scope are sufficiently strong. Secondly, under duopoly product variety may be higher or lower with respect to both the first best and the monopolistically competitive equilibrium. However, within a relevant range of parameter values duopolists drastically restrict their product range in order to relax price competition, and as a…