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The paper complements a new line of research that includes the firm heterogeneity in trade models. The central idea of this research is that only the largest and most efficient firms are capable of ex...
The aim of the study is to determine the rules governing the modern cash management in food and beverages processing enterprises with a full operating cycle with a particular emphasis on environmental...
How do firms respond to new institutions? This question is addressed by analyzing the determinants of firms’ strategies on transactional governance, using data from a Romanian survey.Strategy variable...
This article establishes six stylized facts about firms’ export prices using detailed customs data on the universe of Chinese trade flows. First, across firms selling a given product, exporters that...
For the past decade we have been using double-blind survey techniques and randomized sampling to construct management data on more than 10,000 organizations across 20 countries. On average, we find th...
We survey the theoretical and empirical literature on decentralization within firms. We first discuss how the concept of incomplete contracts shapes our views about the organization of decision-making...
Private equity (PE) ownership has become commonplace within the US, and is increasing its presence across Europe and Asia. However, there is still some debate over the impact of PE acquisitions on fir...
The relationship between the number of Örms and price competition is a central issue in economics. To explore this relationship, we modify Varianís (1980) model and assume that Örms are priv...
Has greater turbulence among firms fueled rising wage instability in the U.S.? Gottschalk and Moffitt [1994] find that rising earnings instability was responsible for one third to one half of the rise...
Do Firms Change Capabilities by Hiring New People?A Study of the Adoption of Science-based Drug Discovery.
There is a widespread sense that over the last two decades firms have been decentralizing decisions to employees further down the managerial hierarchy. Economists have developed a range of theories to...
We identify the impact of local firm concentration on incumbent performance with a quasi-natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled t...
We study the implications of CEO equity ownership for incentives and control in a sample of 1,011 newly public firms. Before an initial public offering, equity investments by venture capitalists reduc...
We use an innovative survey tool to collect management practice data from over 4,000 medium sized manufacturing firms across Asia, Europe and the US. These measures of managerial practice are strongly...
Private firms in the U.S. are not subject to public reporting requirements, so relatively little is known about their characteristics and behavior—until now. This Data Appendix describes a new databas...

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