WebIt incorporates firm productivity investment into a span-of-control model, and compares the effects of firm financing constraints arising in this model to the effects of the same constraints in the model in which firm productivity growth is assumed to be exogenous. It finds that, depending on the severity of firm financing constraints ... WebDec 1, 2024 · As a result of this higher payoff to R&D investment, exporting firms invest in R&D more frequently than domestic firms, and this endogenously generates higher rates of productivity growth. We use the model to simulate the introduction of export and import tariffs on German exporters, and find that a 20 % export tariff reduces the long-run ...
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WebMar 21, 2024 · Furthermore, the findings also indicate that high-growth firms experience the interference of political connection in the decision-making process less often than their low-growth peers.Originality/valueThis paper provides some empirical evidence of the negative impact of political connections on a firm's operational efficiencies. WebWithin-firm productivity growth depends on the quality of production inputs and on investment in productivity-enhancing activities. Managerial ability, which has been … balance kahla
Firm-Level Productivity, Risk, and Return Management Science
WebNov 1, 2024 · 1. Introduction. The strategic shift from ‘bringing in’ to ‘going out’ and then to ‘combining bringing in and going out’ is in line with the context of China’s economic … WebApr 16, 2014 · This paper provides new evidence about the link between firm-level total factor productivity (TFP) and stock returns. We estimate firm-level TFP and show that it is strongly related to several firm characteristics such as size, the book-to-market ratio, investment, and hiring rate. WebSep 1, 2012 · We use Japanese firm-level data to examine how a firm?s productivity affects its choice of foreign-market entry strategy. We study a sequence of decisions, starting with the choice between exporting and foreign direct investment (FDI). In the case of FDI, the firm faces two options: greenfield investment or merger and acquisition … aria k2