ERN: Other IO: Empirical Studies of Firms & Markets (Topic)最新文献_第7页

Critical Analysis of ‘Services and the Business Models of Product Firms: An Empirical Analysis of the Software Industry’ by Suarez Et Al. (2013) Suarez Et Al.(2013)对“服务与产品企业的商业模式:软件产业的实证分析”的批判性分析

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-12-19 DOI: 10.2139/ssrn.2887921

M. Groh

引用次数: 0

Stakeholder Influences on the Design of Firms’ Environmental Practices 利益相关者对企业环境实践设计的影响

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-11-07 DOI: 10.1016/J.JCLEPRO.2016.10.129

Vera Ferrón‐Vílchez, Nicole Darnall, J. Aragón-Correa

引用次数: 56

Global Firms 全球公司

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-10-01 DOI: 10.1257/jel.20160792

A. Bernard, J. Jensen, S. Redding, Peter K. Schott

{"title":"Global Firms","authors":"A. Bernard, J. Jensen, S. Redding, Peter K. Schott","doi":"10.1257/jel.20160792","DOIUrl":"https://doi.org/10.1257/jel.20160792","url":null,"abstract":"Research in international trade has changed dramatically over the last twenty years, as attention has shifted from countries and industries towards the firms actually engaged in international trade. The now-standard heterogeneous firm model posits measure-zero firms that compete under monopolistic competition and decide whether to export to foreign markets. However, much of international trade is dominated by a few “global firms,” which participate in the international economy along multiple margins and account for substantial shares of aggregate trade. We develop a new theoretical framework that allows firms to have large market shares and decide simultaneously on the set of production locations, export markets, input sources, products to export, and inputs to import. Using US firm and trade transactions data, we provide strong evidence in support of this framework's main predictions of interdependencies and complementarities between these margins of firm international participation. Global firms participate more intensively along each margin, magnifying the impact of underlying differences in firm characteristics and increasing their shares of aggregate trade. (JEL D22, F14, F23, L60, R32)","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"124 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91298089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 184

Does Public Competition Crowd Out Private Investment? Evidence from Municipal Provision of Internet Access 公共竞争会排挤私人投资吗?市政提供互联网接入的证据

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-09-30 DOI: 10.2139/ssrn.2848569

Kyle Wilson

{"title":"Does Public Competition Crowd Out Private Investment? Evidence from Municipal Provision of Internet Access","authors":"Kyle Wilson","doi":"10.2139/ssrn.2848569","DOIUrl":"https://doi.org/10.2139/ssrn.2848569","url":null,"abstract":"Government investment in infrastructure may crowd out private investment that would have otherwise occurred. But, the threat of government intervention may also induce private firms to invest preemptively in infrastructure, in order to maintain their market position. This leaves the net effect of public competition on private investment unclear. This paper investigates the tension between these competing effects by providing evidence from the setting of internet service provision. Using household survey data and a novel data set of internet plan characteristics, I provide nationwide estimates of demand for internet technologies. I then use these results to estimate a dynamic oligopoly model of private and public internet service providers’ entry and technology adoption decisions, where private firms are driven by profits and municipalities by some (as yet) unknown combination of profits and consumer welfare. Finally, I simulate firms’ actions under a ban on public provision and find evidence that public competition partially, but not completely, crowds out private investment. Ultimately, I find that a ban on municipal provision in 30 states would result in a loss in consumer welfare of $1.11 billion over 20 years.","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91252814","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 19

Firm Size and Corporate Investment 公司规模和公司投资

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-09-12 DOI: 10.2139/ssrn.1787350

V. Gala, Brandon Julio

{"title":"Firm Size and Corporate Investment","authors":"V. Gala, Brandon Julio","doi":"10.2139/ssrn.1787350","DOIUrl":"https://doi.org/10.2139/ssrn.1787350","url":null,"abstract":"We provide robust empirical evidence of conditional convergence in corporate investments among US firms. Small firms have significantly higher investment rates than large firms even after controlling for standard empirical proxies of firm investment opportunities and financial status, such as Tobin's Q and cash flow measures. The inclusion of a firm's initial size in a traditional Tobin's Q investment regression is at least as economically and statistically important as the inclusion of cash flow measures in explaining corporate investment dynamics. This finding is robust to measurement errors, sample selection, nonlinear specifications of the investment regression, different estimation horizons, and different proxies of investment opportunities and financial status. We also document convergence in corporate investments in other countries around the world. Accounting for the size dependence in standard empirical investment specifications substantially improves the explanatory power of corporate investments dynamics. Moreover, the empirical evidence suggests that firm size improves the measurement of firms' true investment opportunity set rather than reflecting differences in firms' financial constraints.","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"80 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83840334","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 18

Competition, Capital Market Feedback, and Earnings Management: Evidence from Economic Deregulation 竞争、资本市场反馈与盈余管理:来自经济放松管制的证据

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-08-07 DOI: 10.2139/ssrn.2348294

Jongsub Lee, Xiaoding Liu

引用次数: 7

Resource Orchestration for Innovation: Structuring and Bundling Resources in Growth- and Maturity-Stage Firms 创新的资源编排:成长期和成熟期企业的资源结构和捆绑

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-07-31 DOI: 10.1016/J.LRP.2016.07.003

C. Carnes, F. Chirico, M. Hitt, Dongsuk Huh, Vincenzo Pisano

引用次数: 99

Foreign Ownership and Wages: Evidence from Hungary, 1986-2008 外资所有权和工资:来自匈牙利的证据，1986-2008

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-07-21 DOI: 10.2139/ssrn.2183305

John S. Earle, Á. Telegdy, G. Antal

引用次数: 7

Competition between For-Profit and Non-Profit Firms: Incentives, Workers’ Self-Selection, and Wage Differentials 营利性和非营利性企业之间的竞争:激励、工人自我选择和工资差异

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-07-18 DOI: 10.2139/ssrn.2811114

F. Barigozzi, Nadia Burani

引用次数: 0

Shock Propagations in Granular Networks 颗粒网络中的冲击传播

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-07-07 DOI: 10.2139/ssrn.2808094

D. Fujii

{"title":"Shock Propagations in Granular Networks","authors":"D. Fujii","doi":"10.2139/ssrn.2808094","DOIUrl":"https://doi.org/10.2139/ssrn.2808094","url":null,"abstract":"This paper studies a number of features of transaction networks, firm sales growth, and buyer-supplier comovements of sales using a large scale dataset on the Japanese interfirm transaction network. Larger firms have higher sales growth rates and smaller growth dispersion. Well-connected firms also exhibit higher growth rates, but there is no systematic relationship between the number of partners (degree) and sales growth dispersion. Using a statistical test for spatial interdependence, it is confirmed that there exists a significant network interdependence of sales growth. By employing spatial autoregressive models, various propagation factors are estimated. In the baseline specification, the elasticity of average sales growth of suppliers is estimated to be 0.153 while that of customers is 0.257 for 2012. In all years, the upstream propagation factor is larger than the downstream factor, implying difficulty in replacing an existing customer or adjusting to a demand shock. The manufacturing sector is characterized by a large degree of propagation. For both downstream and upstream propagations, manufacturing and wholesale sectors exhibit higher propagations factors while retail and service sectors exhibit lower ones. The interdependence of intermediate physical inputs produced by other firms may generate an additional margin for the buyer-supplier comovements. It was also found that larger firms have higher propagation factors. Larger firms have more partners, and their degree of propagation is also higher. This result stresses an even larger impact of big firms for aggregate fluctuations in a granular production network.","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"70 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83082863","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6