scholarly journals How to Construct Nationally Representative Firm Level Data from the Orbis Global Database: New Facts and Aggregate Implications

2015 ◽  
Author(s):  
Sebnem Kalemli-Ozcan ◽  
Bent Sorensen ◽  
Carolina Villegas-Sanchez ◽  
Vadym Volosovych ◽  
Sevcan Yesiltas
Keyword(s):  
Firm Level ◽  
Global Database ◽  
Level Data ◽  
Firm Level Data ◽  
Nationally Representative ◽  
Representative Firm

scholarly journals How to Construct Nationally Representative Firm Level Data from the ORBIS Global Database

2015 ◽  
Author(s):  
Sebnem Kalemli-Ozcan ◽  
Bent E. SSrensen ◽  
Carolina Villegas-Sanchez ◽  
Vadym Volosovych ◽  
Sevcan Yesiltas
Keyword(s):  
Firm Level ◽  
Global Database ◽  
Level Data ◽  
Firm Level Data ◽  
Nationally Representative ◽  
Representative Firm

scholarly journals Are firms paying more for performance?

2016 ◽  
Vol 37 (2) ◽  
pp. 323-343 ◽  
Author(s):  
John Forth ◽  
Alex Bryson ◽  
Lucy Stokes
Keyword(s):  
Economic Importance ◽  
Firm Level ◽  
Wage Bill ◽  
Content Type ◽  
Level Data ◽  
Bonus Payments ◽  
Firm Level Data ◽  
Nationally Representative ◽  
Substantial Change ◽  
Two Sectors

Purpose – The purpose of this paper is to investigate changes in the economic importance of performance-related-pay (PRP) in Britain through the 2000s using firm-level data. Design/methodology/approach – The authors utilise nationally representative, monthly data on the total wage bill and employment of around 8,500 firms. Using these data, the authors decompose the share of the total economy-wide wage bill accounted for by bonuses into the shares of employment in the PRP and non-PRP sectors, the ratio of base pay between the two sectors, and the gearing of bonus payments to base pay within the PRP sector. Findings – The growth in the economic importance of bonuses in Britain in the mid-2000s – and subsequent fluctuations since the onset of recession in 2008 – can be almost entirely explained by changes in the gearing of bonus to base pay within the PRP sector. There has been no substantial change in the percentage of employment accounted for by PRP firms; if anything it has fallen over time. Furthermore, movements in the gearing of bonuses to base pay in the economy are heavily influenced by changes in Finance: a sector which accounts for a large proportion of all bonus payments in Britain. Research limitations/implications – The paper demonstrates the importance of understanding further how firms decide the size of bonus payments in a given period. Originality/value – This is the first paper to present monthly firm-level data for Britain on the incidence and size of bonus payments in the 2000s.

scholarly journals Credit Constraints and Investment in Mexico, an Empirical Test

2019 ◽  
Vol 14 (3) ◽  
pp. 415-432
Author(s):  
Leopoldo Gómez-Ramírez
Keyword(s):  
Credit Constraints ◽  
Empirical Test ◽  
Investment Decisions ◽  
Mexican Literature ◽  
Firm Level ◽  
Policy Makers ◽  
Level Data ◽  
Firm Level Data ◽  
Nationally Representative ◽  
General Thrust

Despite the vast overhaul the Mexican economy has gone through since the 1980s, the promised high and sustained economic growth has not materialized. Scholars and policy makers are unanimous in pointing to credit constraints as one of the key reasons for the disappointing growth performance. The link between financial restrictions and investment decisions, however, has not been solidly verified in the Mexican literature. This paper intends to start filling this lacuna. Using recent microeconomic, firm-level data which is reasonably nationally representative, it tests the hypothesis that credit constraints have reduced investment among Mexican firms. Consistent with the general thrust of the literature, it is found that indeed financial restrictions have reduced the investment carried out by Mexican firms. The result holds under different econometric estimations.

Ageing and Employability. Evidence from Belgian Firm-Level Data

2012 ◽  
Author(s):  
Mariann Rigo ◽  
Vincent Vandenberghe ◽  
Fábio Waltenberg
Keyword(s):  
Firm Level ◽  
Level Data ◽  
Firm Level Data

scholarly journals Who Really Benefits from Consumption Tax Cuts? Evidence from a Large VAT Reform in France

2019 ◽  
Vol 11 (1) ◽  
pp. 38-63 ◽  
Author(s):  
Youssef Benzarti ◽  
Dorian Carloni
Keyword(s):  
Value Added ◽  
Consumption Tax ◽  
Difference In Differences ◽  
Firm Level ◽  
Employment Effects ◽  
Level Data ◽  
Price Effects ◽  
Firm Level Data ◽  
Material Goods ◽  
Firm Owners

This paper evaluates the incidence of a large cut in value-added taxes (VATs) for French sit-down restaurants in 2009. In contrast to previous studies, which only focus on the price effects of VAT reforms, we estimate the effects of the VAT cut on four groups: workers, firm owners, consumers, and suppliers of material goods. Using a difference-in-differences strategy on firm-level data, we find that: firm owners pocketed more than 55 percent of the VAT cut; consumers, sellers of material goods, and employees shared the remaining windfall with consumers benefiting the least; and the employment effects were limited. (JEL H22, H25, L83)

Multinational Banks and IMF Conditionality

2021 ◽  
Author(s):  
Trung A Dang ◽  
Randall W Stone
Keyword(s):  
Political Economy ◽  
Investment Decisions ◽  
Location Decisions ◽  
Preferential Treatment ◽  
Firm Level ◽  
Financial Firms ◽  
Level Data ◽  
Firm Level Data ◽  
Imf Programs ◽  
Investment Location

Abstract We find firm-level evidence that US banks receive preferential treatment in countries under IMF conditionality. We rely on investment location decisions to infer firms’ expectations about future profits and find that US firms are approximately 53 percent more likely to acquire financial firms in countries under financial conditionality. IMF programs without financial conditionality and FDI in other sectors serve as placebo tests. Financial conditionality has weak effects on investment decisions by non-US firms, which implies a political-economy interpretation. Firm-level data indicate that the distinctive behavior of US firms is not due to advantages of scale or to a US-firm fixed effect, but to US influence in the IMF. Firms from other major IMF shareholders benefit as well, but the effects are much weaker. The effects are concentrated in the politically relevant firms that have local affiliates, which is consistent with the interpretation that firms lobby for preferential treatment.

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