Industrial and Corporate Change最新文献_第10页

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-02-17 DOI: 10.1093/icc/dtad008

N. Stern, J. Stiglitz

引用次数: 1

How Does Financial Development Affect the Growth–Inequality Nexus? Evidence from a PCHVAR Analysis 金融发展如何影响增长-不平等关系?PCHVAR分析的证据

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-02-07 DOI: 10.1093/icc/dtad007

Christian R. Proaño, Juan Carlos Peña, Sven Schnellbacher

{"title":"How Does Financial Development Affect the Growth–Inequality Nexus? Evidence from a PCHVAR Analysis","authors":"Christian R. Proaño, Juan Carlos Peña, Sven Schnellbacher","doi":"10.1093/icc/dtad007","DOIUrl":"https://doi.org/10.1093/icc/dtad007","url":null,"abstract":"\u0000 While the important role of financial development for economic growth, as well as for its effect on economic inequality, has been widely acknowledged by the literature, far less attention has been put on understanding how growth and inequality may be differently influenced by alternative types of financial development. Against this background, we investigate the impact of different types of financial development on the growth–inequality nexus with a panel of 110 advanced and emerging economies and yearly data ranging from 1980 to 2016. Using the panel conditionally homogeneous vector-autoregressive (PCHVAR) model of Georgiadis (2014); Georgiadis (2012), we find that the overall level of financial development (measured by the International Monetary Fund (IMF)’s financial development index) has a significant impact on the growth–inequality nexus. Specifically, our results reveal that a higher level of overall financial development results in more equitable economic growth. Furthermore, an increase in the income share of the top 10% income earners has a significant negative impact on economic growth for low and high levels of overall financial development but is insignificant for middle levels. By looking at more disaggregated subindices of financial development, we find that economic growth increases the income share of the low 10% income earners when financial institutions and markets are deeper and financial markets are more efficient. Thus, our results call for a more differentiated view on the concept of financial development in order to derive policy measures aimed at different parts of the society.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":" ","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48627946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Schumpeter’s insights for monetary macroeconomics and the theory of financial crises 熊彼特对货币宏观经济学和金融危机理论的见解

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-02-07 DOI: 10.1093/icc/dtad006

P. Bofinger, Lisa Geißendörfer, Thomas Haas, Fabian Mayer

引用次数: 2

Understanding work in the online platform economy: the narrow, the broad, and the systemic perspectives 理解在线平台经济中的工作:狭义、广义和系统视角

4区管理学

Industrial and Corporate Change Pub Date : 2023-02-01 DOI: 10.1093/icc/dtad005

Angela Garcia Calvo, Martin Kenney, John Zysman

引用次数: 0

Joining and exiting the value chain of foreign multinationals and performance of their local suppliers: evidence from interfirm transaction data 外资跨国公司价值链的加入与退出及其本地供应商绩效:来自企业间交易数据的证据

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-01-31 DOI: 10.1093/icc/dtad004

J. Masso, Priit Vahter

{"title":"Joining and exiting the value chain of foreign multinationals and performance of their local suppliers: evidence from interfirm transaction data","authors":"J. Masso, Priit Vahter","doi":"10.1093/icc/dtad004","DOIUrl":"https://doi.org/10.1093/icc/dtad004","url":null,"abstract":"\u0000 This paper investigates the productivity effects for domestic suppliers from joining and exiting the value chains of foreign-owned multinational enterprises (MNEs). Our econometric analysis is based on firm-to-firm transactions recorded in the value-added tax declarations’ data from Estonia and use of propensity score matching and difference-in-difference regression approach. The treatment analysis based on period 2015–2019 suggests that starting to supply the foreign-owned firms initially boosts the value added per employee of the domestic firms, including the effects on the scale of production and the capital–labor ratio. These first linkages to the foreign-owned MNEs do not affect the total factor productivity (TFP) of domestic firms, suggesting that the TFP effects take time to materialize. We find no significant positive effects on the second-tier suppliers: the positive effects are limited to the first-tier suppliers with direct links to foreign-owned firms. One novel result is the evidence that the productivity of suppliers does not fall, on average, after decreasing or ending supplier relationships with the foreign-owned firms. However, this average effect hides significant heterogeneity. Domestic firms with prior high levels of productivity and those at the time of exit from the MNE relationship start to export, gain in productivity in next periods, whereas the firms with low prior productivity levels lose.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":" ","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42901358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A firm’s creation of proprietary knowledge linked to the knowledge spilled over from its research publications: the case of artificial intelligence 公司创造的专有知识与其研究出版物溢出的知识相关联:人工智能的例子

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-01-31 DOI: 10.1093/icc/dtad002

S. Jee, S. Sohn

{"title":"A firm’s creation of proprietary knowledge linked to the knowledge spilled over from its research publications: the case of artificial intelligence","authors":"S. Jee, S. Sohn","doi":"10.1093/icc/dtad002","DOIUrl":"https://doi.org/10.1093/icc/dtad002","url":null,"abstract":"\u0000 This study investigates the mechanism by which knowledge spilled over from a firm’s research publication consequently spills into the focal firm as a form of proprietary knowledge when it is engaged in an emerging science-related technology. We define the knowledge spillover pool (KSP) as an evolving group of papers citing a paper published by a firm. Focusing on the recent development of artificial intelligence, on which firms have published actively, we compare the KSP conditions related to the increase in patents created by the focal firm with those created by external actors. Using a Cox regression and subsequent contrast test, we find that both an increasing KSP and an increasing similarity between the idea published by the focal firm and KSP are positively related to the proprietary knowledge creation of both the focal firm and external actors, with such relations being significantly stronger for the focal firm than for external actors. On the contrary, an increasing proportion of industry papers in the KSP are positively associated with the proprietary knowledge creation not only by the focal firm but also by external actors to a similar degree. We contribute to the literature on selective revealing and to the firms’ publishing strategies.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":" ","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46016992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Industrial policy, local firm growth paths, and capability building in low-income countries: lessons from Ethiopia’s floriculture export sector 低收入国家的产业政策、当地企业增长路径和能力建设：埃塞俄比亚花卉出口部门的经验教训

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-01-27 DOI: 10.1093/icc/dtad003

A. T. Melese, Lindsay Whitfield

{"title":"Industrial policy, local firm growth paths, and capability building in low-income countries: lessons from Ethiopia’s floriculture export sector","authors":"A. T. Melese, Lindsay Whitfield","doi":"10.1093/icc/dtad003","DOIUrl":"https://doi.org/10.1093/icc/dtad003","url":null,"abstract":"\u0000 The industrial policy literature has made important contributions to understanding how to catalyze industrialization, but it tends to focus more on the industrial policies required to incentivize learning than on studying firm-level learning dynamics and investments in technological capabilities. Furthermore, global value chain studies on export sectors in low-income countries rarely consider whether local firms are part of broader business groups and if so, how that position within business groups affects local firms’ business strategies regarding the global supply chain in question as well as investments outside it. This article examines local firms’ investments in a new export industry, and they are shaped by dynamics linked to their family business groups, industrial policies, and the wider national economic and political contexts of low-income countries. It does so through a case study of Ethiopia and the emergence of its floriculture export industry. The article explains firm-level motivations in acquiring knowledge and building capabilities as well as their export trajectories and firm growth paths and how they are shaped by owners’ decisions related to the overall business group. It argues that industrial policies need to consider not only the existing capabilities, organizations, and networks of local firms but also tailor industrial policies to the potential of the family business groups to drive capability building in new industries.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":" ","pages":""},"PeriodicalIF":2.5,"publicationDate":"2023-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47986607","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

A “poor man’s carriage”: system building and social interactivity in UK urban tramway development, 1860–1890 “穷人的马车”:1860-1890年英国城市有轨电车发展中的系统建设和社会互动

IF 2.5 4区管理学

Industrial and Corporate Change Pub Date : 2023-01-24 DOI: 10.1093/icc/dtac063

A. Coles, I. Clarke, Athena Piterou

引用次数: 0

Which actors drove national patterns of technological specialization into the science-based age? The British experience, 1918–1932 哪些因素推动了国家技术专业化模式进入以科学为基础的时代?英国的经验，1918-1932

4区管理学

Industrial and Corporate Change Pub Date : 2023-01-24 DOI: 10.1093/icc/dtac062

John Cantwell, Anna Spadavecchia

引用次数: 0

Technology, job characteristics, and retirement of aged workers: evidence from automation and IT adoption of firms in Korea 技术、工作特征和老年工人的退休:来自韩国企业自动化和IT采用的证据

4区管理学

Industrial and Corporate Change Pub Date : 2023-01-24 DOI: 10.1093/icc/dtad001

Jongwoo Chung, Chulhee Lee

{"title":"Technology, job characteristics, and retirement of aged workers: evidence from automation and IT adoption of firms in Korea","authors":"Jongwoo Chung, Chulhee Lee","doi":"10.1093/icc/dtad001","DOIUrl":"https://doi.org/10.1093/icc/dtad001","url":null,"abstract":"Abstract We investigated how the adoption of a new production technology differently affects the risk of job separation of young and old employees in South Korea by analyzing establishment-level panel data linked with administrative employment insurance records on individual workers. To address potential endogeneity associated with a firm’s technology adoption, we conducted instrumental variable estimations with a two-stage residual inclusion (2SRI) approach. The results suggest that technology (indicated by newly adopted automation and increased purchase of Information Technology equipment) positively affects the overall employment of incumbent workers. However, the employment of aged workers is less favorably affected by newly adopted technologies compared to that of younger workers. In some conditions, technology adoptions increase the retirement risk of older workers absolutely as well as relative to that of younger workers. Newly adopted automation negatively affects the employment of aged workers who are engaged in clerical and support occupations or employed in the wholesale and retail industry. Estimation results according to the reason for retirement suggest that the negative effect of technology adoption on employment may be related to both labor demand and supply.","PeriodicalId":48243,"journal":{"name":"Industrial and Corporate Change","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136117231","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0