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  1. Favoritism and firms
    micro evidence and macro implications
    Published: June 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We study the economic implications of regional favoritism, a form of distributive politics that redistributes resources geographically within countries. Using enterprise surveys from low- and middle-income countries, we document that firms located... more

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    We study the economic implications of regional favoritism, a form of distributive politics that redistributes resources geographically within countries. Using enterprise surveys from low- and middle-income countries, we document that firms located close to leaders' birthplaces grow substantially in sales and employment after leaders assume office. Firms in favored areas also experience increases in sales per worker, wages, and measured total factor productivity. These effects are short-lived, and operate through rising (public) demand for the non-tradable sector. We calibrate a simple structural model of resource misallocation on our estimates. This exercise implies that favoritism reduces output by 0.5% annually.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/263727
    Series: CESifo working paper ; no. 9797 (2022)
    Subjects: regional favoritism; firm performance; enterprise surveys; resource misallocation
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  2. Harnessing foreign technology to improve firm performance
    evidence from Philippine manufacturing enterprises
    Published: [2022]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    The paper examines the impact of foreign-licensed technology and identifies channels to effectively leverage such technology to improve the performance of manufacturing firms in the Philippines. Using the fixed effects approach to World Bank... more

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    The paper examines the impact of foreign-licensed technology and identifies channels to effectively leverage such technology to improve the performance of manufacturing firms in the Philippines. Using the fixed effects approach to World Bank Enterprise Survey panel data for the Philippines covering 2009 and 2015, the paper finds no statistically significant impact of introducing foreign-licensed technology to manufacturing firms in terms of annual sales, employment, and energy intensity. Interestingly, the impact is more pronounced and significant among manufacturing firms that conduct workforce trainings, thereby improving absorptive capacity through better quality of labor. The empirical findings call for the Philippine government to bolster skills training and human capital formation initiatives, further incentivizing in-house training, to support the advancement of local absorptive capacity and better assimilate the use of foreign technologies.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/267754
    Series: ADBI working paper series ; no. 1321 (June 2022)
    Subjects: technology transfer; technology licensing; firm performance; local absorptive capacity; Philippines
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  3. The impact of foreign sanctions on firm performance in Russia
    Published: 30 June 2022
    Publisher:  Centre for Economic Policy Research, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17415
    Subjects: firm performance; sanctions; Russia; political connection
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  4. Who wins and who loses from state subsidies?
    Published: April 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay competitive. We implement an approach that allows for the joint estimation of direct and indirect effects of subsidies on subsidized and... more

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    China is perceived to rely on subsidizing firms in targeted industries to improve their performance and stay competitive. We implement an approach that allows for the joint estimation of direct and indirect effects of subsidies on subsidized and non-subsidized firms. We find that firms that receive subsidies experience a boost for productivity. However, our approach highlights the importance of indirect effects, which are generally neglected in the literature. We find that, in general but not always, non-subsidized firms experience reductions in their productivity growth if they operate in a cluster where other firms are subsidized. These negative externalities depend on the share of firms that receive subsidies in the cluster. Aggregating direct and indirect effects into a (weighted) total effect shows that this negative indirect effect tends to dominate. We interpret our results in the light of a simple heterogenous firm type model, which highlights that subsidization, in a competitive environment of firms, may potentially harm non-subsidized firms.

     

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    Source: Union catalogues
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    hdl: 10419/263465
    Series: Discussion paper series / IZA ; no. 15249
    Subjects: Subvention; Unternehmenserfolg; Externer Effekt; Kausalanalyse; China; subsidies; firm performance; treatment effects; externalities; China
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  5. Gender quota on corporate boards in Italy
    spillover effects and financial performance
    Published: February 2022
    Publisher:  nUnimore, Università degli studi di Modena e Reggio Emilia, Dipartimento di economia Marco Biagi, [Modena]

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    Media type: Book
    Format: Online
    Series: DEMB working paper series ; n. 208
    Subjects: Gender quotas; firm performance; panel data; women directors; spillover effects; female executives
    Scope: 1 Online-Ressource (circa 53 Seiten)
  6. Nobody's gonna slow me down?
    the effects of a transportation cost shock on firm performance and behavior
    Published: 2022
    Publisher:  RWI - Leibniz-Institut für Wirtschaftsforschung, Essen, Germany

    This paper takes a deep and comprehensive look into the firm-level behavioral reactions to a massive transportation cost shock. Exploiting rich data encompassing the universe of Portuguese private firms and a natural experiment we find that the... more

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    This paper takes a deep and comprehensive look into the firm-level behavioral reactions to a massive transportation cost shock. Exploiting rich data encompassing the universe of Portuguese private firms and a natural experiment we find that the introduction of tolls on previously toll-free highways caused a substantial decrease of turnover and firm profits. In response to the tolls, firms reduced expenses, cutting employment-related expenses and purchases of other inputs in a similar magnitude. Labor costs were reduced by employment cuts rather than by wage cuts. We find evidence for increased firm exit in treated municipalities, but not for increased re-location. In diesem Papier werden die Verhaltensreaktionen auf Unternehmensebene auf einen massiven Transportkostenschock untersucht. Auf der Grundlage umfangreicher Daten portugiesischen Privatunternehmen und eines natürlichen Experiments finden wir heraus, dass die Einführung von Mautgebühren auf zuvor mautfreien Autobahnen zu einem erheblichen Rückgang des Umsatzes und der Unternehmensgewinne führte. In Reaktion auf die Maut senkten die Unternehmen ihre Ausgaben, indem sie beschäftigungsbezogene Ausgaben und Käufe anderer Vorleistungen in ähnlicher Größenordnung zurückfuhren. Dabei wurden die Arbeitskosten eher durch Beschäftigungsabbau als durch Lohnkürzungen reduziert. Wir finden Belege für vermehrte Firmenaustritte in den untersuchten Gemeinden, aber nicht für eine verstärkte Verlagerung.

     

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    Source: Union catalogues
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    Media type: Ebook
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    ISBN: 9783969731123
    Other identifier:
    hdl: 10419/253395
    Series: Ruhr economic papers ; #949
    Subjects: Road tolls; infrastructure; firm performance; firm behavior; location; Portugal
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  7. Employee health and firm performance
    Published: March 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    When workers are in bad health, their productivity declines. We investigate whether the health of employees affects firm performance, taking advantage of the severity of the seasonal influenza seasons as a source of exogenous variation. We find that... more

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    When workers are in bad health, their productivity declines. We investigate whether the health of employees affects firm performance, taking advantage of the severity of the seasonal influenza seasons as a source of exogenous variation. We find that firms whose employees are particularly affected by influenza experience reductions in their return on assets and in net income. These results are not driven by firm-specific characteristics, as we find the same relationship between influenza severity and firm performance within firms, at the establishment level. We also document substantial heterogeneity in the effects, with small firms and labor-intensive firms driving our findings. This suggests that labor is an important driver of firm performance and that capital-intensive and larger firms are better able to shift resources in response to temporary shocks to their workforce. Back-of-the-envelope calculations suggest that smaller firms may be better off subsidizing vaccination programs for their employees.

     

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    Source: Union catalogues
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    Other identifier:
    hdl: 10419/252271
    Series: Discussion paper series / IZA ; no. 15147
    Subjects: seasonal influenza; health shock; firm performance
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  8. Nobody's gonna slow me down?
    effects of a transportation cost shock on firm performance and behavior
    Published: 16 April 2022
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Series: Array ; DP17227
    Subjects: Road tolls; infrastructure; firm performance; Firm behavior; Location; Portugal
    Scope: 1 Online-Ressource (circa 45 Seiten), Illustrationen
  9. Losses never sleep
    the effect of tax loss offset on stock market returns during economic crises
    Published: [2022]
    Publisher:  Arbeitskreis Quantitative Steuerlehre, Berlin

    We analyze to what extent more generous tax loss offset regulations are associated with a weaker decline and stronger recovery of firm stock prices during economic crises. We argue that an unrestricted loss carryforward and, particularly, an... more

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    We analyze to what extent more generous tax loss offset regulations are associated with a weaker decline and stronger recovery of firm stock prices during economic crises. We argue that an unrestricted loss carryforward and, particularly, an unrestricted loss carryback provides firms with additional liquidity, which should lower the risk of bankruptcy and can be used for investment purposes. Our empirical findings document that (1) an unrestricted loss carryforward and an unrestricted loss carryback result in a weaker decline and more timely recovery of stock prices during the considered crises, (2) this effect is stronger in high-tax countries, and (3) this effect is also dependent upon pre-crisis profitability.

     

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    Source: Union catalogues
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    Other identifier:
    hdl: 10419/253647
    Series: Arqus discussion paper ; no. 269 (April 2022)
    Subjects: tax loss offset; economic crisis; firm performance
    Scope: 1 Online-Ressource (circa 43 Seiten)
  10. Trade and innovation in the Middle East and North Africa
    Published: [2022]
    Publisher:  European Investment Bank, [Luxembourg]

    Participation in international trade goes hand-in-hand with innovation in the private sector in the Middle East and the North Africa, according to data collected from 6 000 companies. International trade is a key determinant of the competitiveness... more

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    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Participation in international trade goes hand-in-hand with innovation in the private sector in the Middle East and the North Africa, according to data collected from 6 000 companies. International trade is a key determinant of the competitiveness and innovation of firms in the Middle East and North Africa. In Egypt, Jordan, Lebanon, Morocco, Tunisia and the West Bank and Gaza, firms that trade in international markets tend to innovate more, and trade grows faster when the firms invest in innovation. Trade with developed economies and access to information and know-how through participation in international markets can help firms in the Middle East and North Africa catch up with other regions and close the innovation gap. Improving customs and trade regulations can increase access to international markets to a larger share of firms. The Enterprise Surveys, conducted by the EIB, EBRD and the World Bank, provide insight into what lies beneath the region's relatively slow growth, with a focus on the reasons for stagnating productivity and inadequate accumulation of human and physical capital in the private sector. This is the sixth of nine working papers supporting the full report: Unlocking sustainable growth in the Middle East and North Africa private sector.

     

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    ISBN: 9789286153273
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    Edition: This version: February 9, 2022
    Series: Economics
    MENA enterprise survey report working papers ; volume 6
    Subjects: Trade; firm performance; business environment; COVID-19; innovation; international trade; private sector; competitiveness; access to information; know-how; market; Arab world
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  11. Let's switch to the cloud
    cloud adaption and its effect on IT investment and productivity
    Published: 2022
    Publisher:  DIW Berlin, German Institute for Economic Research, Berlin

    The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is... more

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    DS 14
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    The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is expected to increase the productivity of firms, as it allows them to quickly customize the IT they require to their specific needs. We assess these assertions using data on a representative sample of firms provided by the German statistical offices for the years 2014 and 2016, which allows to observe who are the cloud users. Our analysis explicitly accounts for the self-selection into cloud adoption within an endogenous treatment regression framework. Broadband availability at the municipality level is used as an exogenous shifter for cloud usage. We show that, while cloud adoption does not impact IT investment in any sectors, it does significantly improve labor productivity for firms in manufacturing and in information and communication services.

     

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    Other identifier:
    hdl: 10419/265519
    Series: Discussion papers / Deutsches Institut für Wirtschaftsforschung ; 2017
    Subjects: cloud computing; investment; productivity; IT; substitution; firm performance
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  12. Dynamics of first-time patenting firms
    Published: September 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from... more

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    This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from several business registers covering a period of almost 20 years. We apply an event study design and use matching to control for confounding factors. The first patent application by a young firm is associated with significant growth in employment, output, assets and public research funding. Moreover, our results indicate that economic activity starts to increase at least three years ahead of the first patent application. However, we find no evidence of additional firm growth after patent approval for successful applicants. Our findings indicate that the existence of a properly functioning patenting system supports innovation activities, especially early in the life cycle of firms.

     

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    Source: Union catalogues
    Language: English
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    Other identifier:
    hdl: 10419/265962
    Series: CESifo working paper ; no. 9927 (2022)
    Subjects: patenting; firm performance; panel data; event study design
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  13. Dynamics of first-time patenting firms
    Published: August 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from... more

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    This paper investigates firm dynamics in the period before, during, and after an event consisting of a first published patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from several business registers covering a period of almost 20 years. We apply an event study design and use matching to control for confounding factors. The first patent application by a young firm is associated with significant growth in employment, output, assets and public research funding. Moreover, our results indicate that economic activity starts to increase at least three years ahead of the first patent application. However, we find no evidence of additional firm growth after patent approval for successful applicants. Our findings indicate that the existence of a properly functioning patenting system supports innovation activities, especially early in the life cycle of firms.

     

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    Source: Union catalogues
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    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/265750
    Series: Discussion paper series / IZA ; no. 15529
    Subjects: patenting; firm performance; panel data; event study design
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  14. Let's switch to the cloud
    cloud adoption and its effect on IT investment and productivity
    Published: September 2022
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63
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    The advent of cloud computing promises to improve the way firms utilize IT solutions. Firms are expected to replace large and inflexible fixed-cost investments in IT with more targeted variable spending in cloud solutions. In addition, cloud usage is expected to increase the productivity of firms, as it allows them to quickly customize the IT they require to their specific needs. We assess these assertions using data on a representative sample of firms provided by the German statistical offices for the years 2014 and 2016, which allows to observe who are the cloud users. Our analysis explicitly accounts for the self-selection into cloud adoption within an endogenous treatment regression framework. Broadband availability at the municipality level is used as an exogenous shifter for cloud usage. We show that, while cloud adoption does not impact IT investment in any sectors, it does significantly improve labor productivity for firms in manufacturing and in information and communication services.

     

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    Source: Union catalogues
    Language: English
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    Format: Online
    Other identifier:
    hdl: 10419/265979
    Series: CESifo working paper ; no. 9944 (2022)
    Subjects: cloud computing; investment; productivity; IT; substitution; firm performance
    Scope: 1 Online-Ressource (circa 35 Seiten), Illustrationen
  15. Board-level worker representation
    Published: 2022
    Publisher:  Global Labor Organization (GLO), Essen

    This chapter reviews the literature on board-level worker representation (BLWR). BLWR refers to workers' legally sanctioned rights to take part in the decisions of their employers' board of directors as full or consultative members, regardless of... more

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    This chapter reviews the literature on board-level worker representation (BLWR). BLWR refers to workers' legally sanctioned rights to take part in the decisions of their employers' board of directors as full or consultative members, regardless of their underlying equity investments. It provides information about the incidence of BLWR across countries, and the factors that likely contributed to the establishment of this mechanism of employee voice. It reviews theory on the positive and negative impacts of BLWR for workers and firms, summarizes the related empirical evidence, and concludes by pointing to the open gaps as avenues for future research.

     

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    hdl: 10419/261793
    Series: GLO discussion paper ; no. 1136
    Subjects: board-level worker representation; theoretical and empirical review; cross-country evidence; firm performance; boardroom
    Scope: 1 Online-Ressource (circa 30 Seiten)
  16. European funds and firm performance
    evidence from a natural experiment
    Published: 06 June 2022
    Publisher:  Centre for Economic Policy Research, London

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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
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    Media type: Book
    Format: Online
    Series: Array ; DP17362
    Subjects: quasi-natural experiment; European funds; firm performance; municipalities
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  17. Girl power: creating more with less
    Published: April 2022
    Publisher:  The Institute of Economics, Zagreb, Zagreb, Croatia

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 11159/8622
    Series: EIZ working papers ; EIZ-WP-22, 03
    Subjects: women entrepreneurship; firm performance; effectuation effect; recession
    Scope: 1 Online-Ressource (circa 34 Seiten), Illustrationen
  18. Trade and innovation in MENA
    Published: April 2022
    Publisher:  European Bank for Reconstruction and Development, [London, United Kingdom]

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    Format: Online
    Series: Working paper / European Bank for Reconstruction and Development ; no. 267
    Subjects: Trade; innovation; firm performance; business environment; COVID-19
    Scope: 1 Online-Ressource (circa Seiten)
  19. Evaluating Covid-19's impact on firm performance in the carec region using night-time light data
    Azerbaijan, Georgia, Kazakhstan, and Mongolia
    Published: [2022]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    This study examines economic activity measured with firm performance indicators using the changes in intensity of night-time light in four CAREC economies: Azerbaijan, Georgia, Kazakhstan, and Mongolia. The empirical analysis is based on the World... more

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    This study examines economic activity measured with firm performance indicators using the changes in intensity of night-time light in four CAREC economies: Azerbaijan, Georgia, Kazakhstan, and Mongolia. The empirical analysis is based on the World Bank Enterprise Survey (WBES) data for 2019 and a follow-up survey conducted during the COVID-19 pandemic. The Enterprise Survey dataset was enhanced with data on night-time light intensity from Google Earth and the strictness of "lockdown-style" policies, i.e., the stringency index from Hale et al. (2021). Using the probit regression model, this study investigates the impact of COVID-19 on firm performance and night-time light in CAREC countries. Firm performance is measured using four variables: decrease in sales, demand, export share, and working hours. Our results show that, as the night-time light increases, the likelihood of performance deterioration is reduced. Larger firms are more likely to maintain their performance than smaller firms. The sales in the manufacturing, clothing, and services sectors are more likely to decline than those in the food sector. Accordingly, the results point to a significant decline in the performance of firms operating in the service sector compared with those in the food sector during the pandemic.

     

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    Source: Union catalogues
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    Other identifier:
    hdl: 10419/267765
    Series: ADBI working paper series ; no. 1332 (July 2022)
    Subjects: Central Asia; COVID-19; big data; firm performance; gender; SMEs
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  20. Place-based policies and agglomeration economies
    firm-level evidence from special economic zones in India
    Published: [2022]
    Publisher:  Kiel Institute for the World Economy, [Kiel]

    This paper exploits time and geographic variation in the adoption of Special Economic Zones in India to assess the direct and spillover effects of the program. We combine geocoded firm-level data and geocoded SEZs using a concentric ring approach,... more

    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    This paper exploits time and geographic variation in the adoption of Special Economic Zones in India to assess the direct and spillover effects of the program. We combine geocoded firm-level data and geocoded SEZs using a concentric ring approach, thus creating a novel dataset of firms with their assigned SEZ status. To overcome the selection bias we employ inverse probability weighting with time-varying covariates in a difference-in-differences framework. Our analysis yields that conditional on controlling for initial selection, the establishment of SEZs induced no further productivity gains for within SEZ firms, on average. This effect is predominantly driven by relatively less productive firms, whereas more productive firms experienced significant productivity gains. However, SEZs created negative externalities for firms in the vicinity which attenuate with distance. Neighbouring domestic firms, large firms, manufacturing firms and non-importer firms are the main losers of the program. Evidence points at the diversion of inputs from non-SEZ to SEZ-firms as a potential mechanism.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/251201
    Series: Kiel working paper ; no. 2209 (March 2022)
    Subjects: Special Economic Zones; India; TFP growth; firm performance; spillovers; time-varying treatment
    Scope: 1 Online-Ressource (circa 46 Seiten), Illustrationen
  21. The effect of public export credit supports on firm performance
    Published: 28 February 2022
    Publisher:  School of Economics, University of Bristol, Bristol, United Kingdom

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    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / [School of Economics, University of Bristol] ; 760 (22)
    Subjects: Export credit support; firm performance; exports
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  22. Place-based policies and agglomeration economies
    firm-level evidence from Special Economic Zones in India
    Published: March 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper exploits time and geographic variation in the adoption of Special Economic Zones in India to assess the direct and spillover effects of the program. We combine geocoded firm-level data and geocoded SEZs using a concentric ring approach,... more

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    This paper exploits time and geographic variation in the adoption of Special Economic Zones in India to assess the direct and spillover effects of the program. We combine geocoded firm-level data and geocoded SEZs using a concentric ring approach, thus creating a novel dataset of firms with their assigned SEZ status. To overcome the selection bias we employ inverse probability weighting with time-varying covariates in a difference-in-differences frame-work. Our analysis yields that conditional on controlling for initial selection, SEZs induced no further productivity gains for within SEZ firms, on average. This is predominantly driven by relatively less productive firms, whereas more productive firms experienced significant productivity gains. However, SEZs created negative externalities for firms in the vicinity which attenuate with distance. Neighbouring domestic firms, large firms, manufacturing firms and non-importer firms are the main losers of the program. Evidence points at the diversion of inputs from non-SEZ to SEZ-firms as a potential mechanism.

     

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    Language: English
    Media type: Book
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    hdl: 10419/252247
    Series: Discussion paper series / IZA ; no. 15123
    Subjects: Special Economic Zones; agglomerations; firm performance; India
    Scope: 1 Online-Ressource (circa 47 Seiten), Illustrationen
  23. Saved by the bell?
    equity market responses to surprise Covid-19 lockdowns and central bank interventions
    Published: March 2022
    Publisher:  Indira Gandhi Institute of Development Research, Mumbai

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    Series: [WP series / Indira Gandhi Institute of Development Research] ; WP-2022, 001
    Subjects: Covid-19; event study; earnings calls; firm performance; uncertainty; central bankpolicies
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  24. Employer cooperation, productivity, and wages
    new evidence from inter-firm formal network agreements
    Published: October 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Using uniquely rich administrative matched employer-employee data, we investigate the impact of formal network agreements (FNAs) among firms under two perspectives. First, we assess the impact of joining a FNA on several indicators of firm... more

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    Using uniquely rich administrative matched employer-employee data, we investigate the impact of formal network agreements (FNAs) among firms under two perspectives. First, we assess the impact of joining a FNA on several indicators of firm performance, and total factor productivity. Second, we investigate whether and how such effects are transmitted to the workers, in terms of wage changes. On the firm-level side, we find an overall significant and economically relevant positive effect of FNAs on firm performance, which resists a large set of robustness tests. However, such a positive effect on firms does not translate into tangible benefits for the workers, on average. After estimating an array of multiple-way fixed effects wage regressions, we find a negative, though small, wage effect. Moreover, we detect a rather marked heterogeneity in the impacts on both firms and workers. The estimation of rent-sharing equations, as well as other tests that exploit unionization data, suggest that the negative effects on wages might be explained by a decrease in workers' bargaining power following the introduction of FNAs.

     

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    hdl: 10419/267354
    Series: Discussion paper series / IZA ; no. 15617
    Subjects: Inter-firm cooperation; formal network agreements; firm performance; total factor productivity (TFP); wages; matched employer-employee data
    Scope: 1 Online-Ressource (circa 55 Seiten)
  25. Online channels sales premia in times of COVID-19
    first evidence from Germany
    Published: [2022]
    Publisher:  Leuphana Universität Lüneburg, Institut für Volkswirtschaftslehre, Lüneburg

    Presence on the web tends to be important for firms. Empirical studies show that firms with a better performance along various dimensions, and firms that are more internationally active, tend to have a website. Furthermore, a website helped firms to... more

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    Presence on the web tends to be important for firms. Empirical studies show that firms with a better performance along various dimensions, and firms that are more internationally active, tend to have a website. Furthermore, a website helped firms to survive in times of the COVID-19 pandemic. An open question that is not discussed in this literature is how the use of online channels for sales is related to various dimensions of firm performance. This note contributes to the literature by using a unique recently released set of firm level data from Germany to investigate for the first time the links between online channels sales and firm characteristics.

     

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    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/273140
    Edition: This version: November 12, 2022
    Series: University of Lüneburg working paper series in economics ; no. 415 (November 2022)
    Subjects: Online channels sales; firm performance; COVID-19; Germany 2021 Enterprise Survey Data Set
    Scope: 1 Online-Ressource (circa 18 Seiten)