Measuring the Contribution of Intangibles to Productivity Growth: A Disaggregate Analysis of Japanese Firms

2008 ◽  
Vol 11 (02) ◽  
pp. 151-186 ◽  
Author(s):  
Pablo Gonzalo Ramirez ◽  
Toyohiko Hachiya
Keyword(s):  
Productivity Growth ◽  
Intangible Assets ◽  
Marginal Contribution ◽  
Critical Factors ◽  
Organizational Capital ◽  
Firm Level ◽  
Japanese Firms ◽  
Level Data ◽  
Firm Level Data ◽  
Disaggregate Analysis

In this study we examined Japanese firm-level data to test whether increments in intangible assets will leads to differences in productivity growth. Our results show that the marginal contribution of inputs varies a greatly among sectors, industries and depending on firm's size. Therefore, marginal increments in intangibles investments are not always associated with productivity growth suggesting that when intangibles exceed a threshold, additional investments could be inefficient. We conclude that among intangibles, firm-specific organizational capital and advertising are two of the critical factors in determining the productivity growth.

scholarly journals Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown

2017 ◽  
Vol 107 (5) ◽  
pp. 322-326 ◽  
Author(s):  
Ryan A. Decker ◽  
John Haltiwanger ◽  
Ron S. Jarmin ◽  
Javier Miranda
Keyword(s):  
Productivity Growth ◽  
Allocative Efficiency ◽  
High Growth ◽  
Firm Level ◽  
Productivity Slowdown ◽  
Level Data ◽  
Firm Level Data ◽  
Job Reallocation ◽  
Firm Activity ◽  
Growth Distribution

A large literature documents declining measures of business dynamism including high-growth young firm activity and job reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these patterns by studying changes in productivity growth from the late 1990s to the mid 2000s using firm-level data. We find that diminished allocative efficiency gains can account for the productivity slowdown in a manner that interacts with the within-firm productivity growth distribution. The evidence suggests that the decline in dynamism is reason for concern and sheds light on debates about the causes of slowing productivity growth.

Measuring Firm-Specific Organizational Capital and its Impact on Value and Productivity: Evidence From Japan

2006 ◽  
Vol 09 (04) ◽  
pp. 549-574 ◽  
Author(s):  
Pablo Gonzalo Ramirez ◽  
Toyohiko Hachiya
Keyword(s):  
Social Capital ◽  
Capital Stock ◽  
Random Effect ◽  
Fixed Effect ◽  
Organizational Capital ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
Value Of Firm ◽  
Human And Social Capital

In this study we used Japanese firm-level data in order to explore the productive impact of organizational capital by isolating the effect of other intangibles like R&D, brand, human and social capital. Fixed-effect and random-effect panel methodology are proposed to assess specific-organizational capital at firm level. Our results suggest that in monetary terms the value of firm-specific organizational capital stock is significant when compared to traditional assets. Findings suggest that firms building up higher stocks of organizational capital not only increase their productivity but also their value.

scholarly journals Stylized Facts on Productivity Growth: Evidence from Firm-Level Data in Croatia

2014 ◽  
Author(s):  
Mariana Iootty ◽  
Paulo Correa ◽  
Sonja Radas ◽  
Bruno Škrinjarić
Keyword(s):  
Productivity Growth ◽  
Stylized Facts ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data

scholarly journals The innovation gender gap in transition countries

2021 ◽  
Author(s):  
Antonella Biscione ◽  
Dorothée Boccanfuso ◽  
Raul Caruso ◽  
Annunziata de Felice
Keyword(s):  
Transition Economies ◽  
Gender Gap ◽  
Intangible Assets ◽  
Business Environment ◽  
Transition Countries ◽  
Enterprise Performance ◽  
Firm Level ◽  
Oaxaca Decomposition ◽  
Level Data ◽  
Firm Level Data

AbstractThis paper investigates the sources of the possible gender ownership gap in innovativeness in a set of Transition economies by means of firm-level data coming from the Business Environment and Enterprise Performance Survey (BEEPS V) conducted in 2012–2014. Through the Blinder-Oaxaca decomposition we highlight the factors explaining the differences in the propensity to innovate between female-owned and male-owned firms. We find that the innovation disparity between firms with females among their owners and those having only male owners is mainly due to the differences in endowment effects. Tangible and intangible assets affect the innovation gap between the two groups of firms.

scholarly journals Heterogeneous Markups, Growth, and Endogenous Misallocation

Econometrica ◽  
2020 ◽  
Vol 88 (5) ◽  
pp. 2037-2073 ◽  
Author(s):  
Michael Peters
Keyword(s):  
United States ◽  
Market Power ◽  
Productivity Growth ◽  
Firm Dynamics ◽  
The United States ◽  
Equilibrium Outcome ◽  
Firm Level ◽  
Competitive Effects ◽  
Level Data ◽  
Firm Level Data

Markups vary systematically across firms and are a source of misallocation. This paper develops a tractable model of firm dynamics where firms' market power is endogenous and the distribution of markups emerges as an equilibrium outcome. Monopoly power is the result of a process of forward‐looking, risky accumulation: firms invest in productivity growth to increase markups in their existing products but are stochastically replaced by more efficient competitors. Creative destruction therefore has pro‐competitive effects because faster churn gives firms less time to accumulate market power. In an application to firm‐level data from Indonesia, the model predicts that, relative to the United States, misallocation is more severe and firms are substantially smaller. To explain these patterns, the model suggests an important role for frictions that prevent existing firms from entering new markets. Differences in entry costs for new firms are less important.

scholarly journals Why do Japanese firms prefer multiple bank relationship? Some evidence from firm-level data

2007 ◽  
Vol 31 (1) ◽  
pp. 49-70 ◽  
Author(s):  
Kazuo Ogawa ◽  
Elmer Sterken ◽  
Ichiro Tokutsu
Keyword(s):  
Firm Level ◽  
Japanese Firms ◽  
Level Data ◽  
Firm Level Data

scholarly journals From Micro to Macro: A Note on the Analysis of Aggregate Productivity Dynamics Using Firm-Level Data

2021 ◽  
Vol 2021 (1314) ◽  
pp. 1-36
Author(s):  
Daniel A. Dias ◽  
◽  
Carlos Robalo Marques ◽  
Keyword(s):  
Labor Productivity ◽  
Productivity Growth ◽  
Empirical Literature ◽  
Aggregate Productivity ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data ◽  
The Mean ◽  
Productivity Dynamics

In the empirical literature, the analysis of aggregate productivity dynamics using firm-level productivity has mostly been based on changes in the mean of log-productivity. This paper shows that there can be substantial quantitative and qualitative differences in the results relative to when the analysis is based on changes in the mean of productivity, and discusses the circumstances under which such differences are likely to happen. We use firm-level data for Portugal for the period 2006-2015 to illustrate the point. When the mean of productivity is used, we estimate that TFP and labor productivity for the whole economy increased by 17.7 percent and 5.2 percent, respectively, over this period. But, when the mean of log-productivity is used, we estimate that these two productivity measures declined by 4.3 percent and 1.8 percent, respectively. Similarly disparate results are obtained for productivity decompositions regarding the contributions for productivity growth of surviving, entering and exiting firms.

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