Productivity Convergence at the Firm Level: New Evidence from the Americas

2016 ◽  
pp. 117-186 ◽  
Author(s):  
J. David Brown ◽  
Gustavo A. Crespi ◽  
Leonardo Iacovone ◽  
Luca Marcolin
Keyword(s):  
Firm Level ◽  
Productivity Convergence ◽  
New Evidence

The End of Multi-Fibre Arrangement and Firm Performance in the Textile Industry: New Evidence

2013 ◽  
Vol 52 (2) ◽  
pp. 97-126 ◽  
Author(s):  
Zara Liaqat
Keyword(s):  
Textile Industry ◽  
Manufacturing Industry ◽  
Firm Heterogeneity ◽  
Production Functions ◽  
Firm Level ◽  
Quality Ladders ◽  
Sectoral Differences ◽  
The Mean ◽  
New Evidence ◽  
Empirical Methodology

Using a sample of 321 textile and clothing companies for the years 1992 to 2010, this paper analyses the effect of quota phase-outs on firm-level efficiency in Pakistan following the end of the Multi-Fibre Arrangement (MFA). It highlights sectoral heterogeneity within the manufacturing industry as a result of MFA expiration. The empirical methodology uses the structural techniques proposed by Olley and Pakes (1996), and Levinsohn and Petrin (2003) in order to take care of endogeneity in the estimation of production functions. The results differ for the two industries: MFA expiration lead to an increase in the average productivity of textile producing firms but a significant reduction in the mean productivity of clothing producers. We offer a number of explanations for this outcome, such as a change in the input and product mix, entry by non-exporters in the clothing sector, and sectoral differences in quality ladders. A number of crucial policy lessons can be drawn from the findings of this study. JEL Classification:F13; F14; D24; C14; O19 Keywords: Multi-Fibre Arrangement, Trade Liberalisation, Productivity, Firm Heterogeneity, Simultaneity and Production Functions, Endogeneity of Protection

THE EFFECTS OF TAXATION ON INVESTMENT: NEW EVIDENCE FROM FIRM LEVEL PANEL DATA

1992 ◽  
Vol 45 (3) ◽  
pp. 243-251
Author(s):  
JASON G. CUMMINS ◽  
KEVIN A. HASSETT
Keyword(s):  
Panel Data ◽  
Firm Level ◽  
New Evidence

Do innovative activities matter to Indian drug and pharmaceutical firms? An application to export performance

2017 ◽  
Vol 13 (4) ◽  
pp. 193-205
Author(s):  
Shilpi Tyagi ◽  
DK Nauriyal
Keyword(s):  
Pharmaceutical Industry ◽  
Rapid Growth ◽  
Export Performance ◽  
Innovative Activity ◽  
Financial Data ◽  
Pharmaceutical Companies ◽  
Firm Level ◽  
The Real ◽  
Pharmaceutical Firms ◽  
New Evidence

This paper analyzes the R&D and exports profile of Indian drug and pharmaceutical industry during the period 2000–2014. The present paper examines how R&D expenditure and patent impact export performance of the Indian drug and pharmaceutical firms. The study period from 2000 to 2014 has been characterized by a rapid growth in industry’s innovative activity, as part of the strategic shift, induced by the Patents (Amendment) Act, 2005. Using the real financial data for the top 91 publicly listed Indian domestic pharmaceutical companies, the study provides new evidence on firm-level export performance of the Indian drugs and pharmaceutical industry. Generalized Method of Movements estimator developed by Blundell and Bond is applied. The empirical findings of the study reveal that increased R&D intensity, higher patent count and firm’s size are important determinants of firm-level export performance.

scholarly journals Measuring Firm-Level Productivity Convergence in the UK: The Role of Taxation and R&D Investment

2013 ◽  
Author(s):  
Ioannis Bournakis ◽  
Sushanta Mallick ◽  
David Kernohan ◽  
Dimitrios A. Tsouknidis
Keyword(s):  
Firm Level ◽  
Productivity Convergence ◽  
The Uk ◽  
D Investment

scholarly journals Religion, national culture and cross-country differences in the use of trade credit

2019 ◽  
Vol 15 (3) ◽  
pp. 350-370
Author(s):  
Markus Mättö ◽  
Mervi Niskanen
Keyword(s):  
Cultural Values ◽  
National Culture ◽  
Trade Credit ◽  
Cultural Dimensions ◽  
Firm Level ◽  
Content Type ◽  
Cross Country ◽  
New Evidence ◽  
The Relationship ◽  
Practical Implications

Purpose The purpose of this paper is to investigate whether religion or national culture can explain previously observed cross-country variation in trade credit. Design/methodology/approach Using the firm-level SME data from 35 European countries, religion and cultural factors of Hofstede and Schwartz, the authors provide new evidence on the determinants of the cross-country variation in trade credit. Findings The results indicate that religion and national culture are associated with trade credit. The authors find that the levels of trade credit are higher in Catholic countries than in Protestant ones and that peoples’ religiousness has an impact on trade credit only in Catholic countries. The authors also find that Hofstede’s cultural dimensions, such as power distance and uncertainty avoidance, are positively associated with trade credit. Practical implications Overall, authors’ findings indicate that religion and national culture are important determinants of trade credit management, and that the association between commonly used cultural values and trade credit depends on the religious, legal, and financial environment. Originality/value To the best of authors’ knowledge, this is the first study to research the relationship between national culture and trade credit.

scholarly journals New Evidence on the Determinants of Absenteeism Using Linked Employer-Employee Data

ILR Review ◽  
2007 ◽  
Vol 61 (1) ◽  
pp. 108-120 ◽  
Author(s):  
Georges Dionne ◽  
Benoit Dostie
Keyword(s):  
Shift Work ◽  
Work Hours ◽  
Firm Characteristics ◽  
Firm Level ◽  
Employee Survey ◽  
Work Arrangements ◽  
Compressed Work Weeks ◽  
The Cost ◽  
New Evidence ◽  
Employee Data

This paper provides new evidence on the determinants of absenteeism. The authors extend the typical labor-leisure model used to analyze the decision to skip work to include firm-level policy variables relevant to the absenteeism decision and uncertainty about the cost of absenteeism. Estimates based on data from Statistics Canada's Workplace Employee Survey (1999–2002), with controls for observed and unobserved demographic, job, and firm characteristics (including workplace practices), indicate that work arrangements were important determinants of absence. For example, the authors find strong evidence that standard weekday work hours, work-at-home options, and reduced workweeks were associated with reduced absence, whereas shift work and compressed work weeks were associated with increased absence.

scholarly journals Risk-Antecedents of Firms and Strategic Mediators – New Evidence from a Cross-Country Analysis

2021 ◽  
Vol 24 (1) ◽  
pp. 3-35
Author(s):  
Ranjan DasGupta ◽  
Monika Dhochak
Keyword(s):  
Corporate Governance ◽  
Emerging Market ◽  
Empirical Literature ◽  
Mediating Effects ◽  
Firm Risk ◽  
Firm Level ◽  
Country Level ◽  
Country Analysis ◽  
Cross Country ◽  
New Evidence

We examine the strength and nature of firm aspiration and expectation as strategic mediators in the association of risk antecedents and firm risk, after exploring the possible impact of such antecedents on firm aspiration, and firm aspiration’s preliminary influence on firm risk. Empirical literature is mostly silent about risk antecedents of firms in an emerging market or cross-country context, and to the best of our knowledge, the mediators proposed in this study are yet to be explored. We report strong significant positive mediating effects of firm aspiration and expectation in association of risk antecedents and firm risk. Our results also validate that all studied risk antecedents, except corporate governance- composition, significantly influence aspiration and expectation mediators and firm risk in line with our hypotheses. Our results also hold true after controlling for firm-level and country-level heterogeneities and conducting two additional robustness tests.

Military Industry versus Military-Related Firms in Socialist Hungary: Disintegration and Integration of Military Production during the 1950s and Early 1960s

2010 ◽  
Vol 11 (2) ◽  
pp. 316-349 ◽  
Author(s):  
Pál Germuska
Keyword(s):  
Early Period ◽  
Exceptional Case ◽  
Transitional Period ◽  
Firm Level ◽  
Military Industry ◽  
Top Managers ◽  
Civil Economy ◽  
Wide Scale ◽  
The Cold War ◽  
New Evidence

The article presents some new evidence concerning the conversion program in Socialist Hungary that constituted an exceptional case not only in the Socialist Bloc, but also in the early period of the Cold War. The Hungarian military industry—step by step—was reintegrated into the civil economy between 1953 and 1961. The war plants developed a dual production structure, which helped them stand the storms of the lengthy transitional period. Companies with a double profile diversified their production with a wide scale of civilian goods, new constructional and R&D departments were established. The article examines at the firm level the strategies, the changes in behaviours of the top-managers, and the consequences—what did the switch-over have for Hungarian society, to what extent contributed the increase in consumer goods to political stabilization of the system.

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