Search results for "InVEST"

Knowledge Management in R&D Teams at a Spanish Technical University: Measurement and Relations with Organizational Culture

2015

The aim of this study was to create and analyze the psychometric properties of an instrument (Knowledge Creation and Dissemination Survey, KCD) to evaluate the knowledge management on Spanish R&D teams based on the Leonard-Barton’s (1995) model of knowledge flows. For this purpose, three different tasks were carried out: firstly analyzing the psychometric properties of the instrument; secondly, analyzing the knowledge management levels of the R&D teams at a technical university as well as the relationship between organizational culture and knowledge management. This instrument was developed to cover the existing gap in the evaluation of knowledge management. The “Knowledge Creation and Diss…

Bubbles and Crowding-in of Capital via a Savings Glut

2017

This paper uncovers a mechanism by which bubbles crowd in capital investment. If capital formation is initially depressed by a binding credit constraint, a bubble triggers a savings glut. Higher returns in a new bubbly equilibrium attract additional savings, which are channeled to expand investment at the extensive margin, leading to permanently higher capital, output, and wages. We demonstrate that crowding-in through this channel is a robust phenomenon that occurs along the entire time path.

Do credit constraints reduce foreign jobs? A note on foreign direct employment

2014

This article studies the effect of credit constraints on the jobs created by multinational enterprises in host countries. Although most FDI is labour intensive, few studies delve into the determinants of foreign direct employment (FDE). This article constructs a model of limited commitment between the financed and financing parties to explain how FDE is affected by financial frictions. Moreover, this study examines FDE’s determinants empirically on a global data set including FDE data from 161 countries during 2003–2010 by means of the gravity equation. Results show that credit constraints during the Great Recession roughly halved FDE, tripling the effect on FDI and suggesting that domestic…

Multinational enterprises and wage costs: vertical FDI revisited

2005

Abstract This study explores how wage costs for high-skilled and less-skilled labor in host countries affect the level of affiliate activities conducted by foreign MNEs. We find support for vertical FDI, in the sense that more FDI is conducted in countries where less-skilled labor is relatively cheap. In addition, we find that skilled-wage cost premia also affect FDI activities previously associated with horizontal FDI, i.e. local affiliate sales. Consequently, the potential effects of relative wage costs on MNE activities are large. Rough calculations suggest that more than 20 percent of US affiliate sales in 1998 can be attributed to skilled-wage cost premia.

ON THE HETEROGENEOUS EMPLOYMENT EFFECTS OF OFFSHORING: IDENTIFYING PRODUCTIVITY AND DOWNSIZING CHANNELS

2014

I. INTRODUCTION For the most part of the last two decades Germany suffered from a hangover of the reunification boom, an overvalued exchange rate, high unemployment, and low growth--so The Economist famously named it the "Sick Man of Europe." At the same time, German companies were relocating production, restructuring, and offshoring. The general public associated such offshoring activities--not only in Germany--with plant closures which made the headlines and confirmed the perception that offshoring was a job killer.1 What usually does not make the news is that such downsizing effects of offshoring may be counterbalanced by productivity effects in the restructuring firm. Depending on their…

RENT CREATION AND RENT SHARING: NEW MEASURES AND IMPACTS ON TOTAL FACTOR PRODUCTIVITY

2019

International audience; This analysis proposes new measures of rent creation and rent sharing and assesses their impact on productivity on cross-country-industry panel data. We find first that: (1) anticompetitive product market regulations positively affect rent creation and (2) employment protection legislation boosts hourly wages, particularly for low-skill workers. However, we find no significant impact of this employment legislation on rent sharing, as the hourly wage increases are offset by a negative impact on hours worked. Second, using regulation indicators as instruments, we find that rent creation and rent sharing both have a substantial negative impact on total factor productivi…

Coordinated Punishment and the Evolution of Cooperation

2015

In this paper, we analyze a team trust game with coordinated Q1 punishment of the allocator by investors and where there is also a final stage of peer punishment. We study the effect of punishment on the reward and the investment decisions, when the effectiveness and cost of coordinated punishment depend on the number of investors adhering to this activity. The interaction takes place in an overlapping-generations model with heterogeneous preferences and incomplete information. The only long-run outcomes of the dynamics are either a fully cooperative culture (FCC) with high levels of trust and cooperation and fair returns or a non-cooperative culture with no cooperation at all. The basin of…

Springboarding: a new geographical landscape for European foreign investment in Latin America

2011

Automatic Balance Mechanisms in Pay-As-You-Go Pension Systems

2009

This paper shows the usefulness of the automatic balance mechanisms (ABMs) and explores the issue of introducing an ABM into the Spanish public contributory retirement pension system. We define the concept of the automatic balance mechanism and carry out an analysis of those existing in Sweden, Canada, Germany, Japan and Finland. We also present an indicator of the Spanish system's solvency which emerges from the actuarial balance sheet, and simulate the effect that certain changes in the parameters of the present system would have on solvency, showing the direction that could be taken if the mechanism were to be introduced in Spain. The main conclusion reached is that, given the system's s…

Measurement of ERP-project success: findings from Germany and Austria

2016

The implementations of Enterprise Resource Planning (ERP) systems have increased rapidly world-wide over the last two decades. ERP projects are long lasting and complex activities, influencing main internal and external operations of organizations. As companies spend an immense investment on these projects, in the beginning managers are focusing on most common success factors to reach the main goal of a proper implementation. For evaluating ERP projects in retrospective, an applicable measurement of the whole implementation and its economic effects is essential. This research paper evaluates the most prominent ERP project success models mentioned in scientific literature and gives an overvi…