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  1. Eliminating gender disparities in firm performance in India
    can globalization bridge the gap?
    Author: Shastri, Shruti
    Published: [2024]
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    A growing literature is investigating the nature and size of the disparities in the performance of firms led by men and women. The extant literature in this regard is inconclusive and provides support for both the women's under-performance hypothesis... more

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    A growing literature is investigating the nature and size of the disparities in the performance of firms led by men and women. The extant literature in this regard is inconclusive and provides support for both the women's under-performance hypothesis and the superior performance of women-led firms. A noticeable feature of the available literature is the heterogeneity of results across regions, which provides the rationale for country-specific studies. The purpose of this study is to establish whether there is a performance gap between women- and men-led firms in the Indian context and to what extent globalization contributes to this gap. Using data from the World Bank Enterprise Survey of 9376 firms, the present study finds that firms with a female top manager exhibit higher mean labor productivity and a higher level of internationalization than firms with a male top manager. For a pooled sample of men- and women-led firms, the study finds a positive impact of export intensity, global value chain (GVC) participation, and foreign ownership on firm performance. The positive impact of export intensity and GVC participation is, however, larger for firms with female managers. The findings further reveal that having a female top manager positively moderates the relationship between exports and firm performance and GVC and firm performance. In other words, women-managed businesses are able to harness greater productivity gains from exporting and GVC participation than men-managed businesses. The Oaxaca-Blinder decomposition analysis of the labor productivity gap between women- and men-managed firms also shows that not only the levels of export intensity and GVC participation but also the returns from such participation contribute to the higher productivity of women-led firms over men-led firms.

     
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    Source: Union catalogues
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    Media type: Book
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    hdl: 10419/301961
    Series: ADBI working paper series ; no. 1456 (June 2024)
    Subjects: gender disparities; firm performance; women-managed firms; globalization
    Scope: 1 Online-Ressource (circa 26 Seiten)
  2. The impact of hydrogeological events on firms
    evidence from Italy
    Author: Clò, Stefano; David, Francesco; Segoni, Samuele
    Published: [2024]
    Publisher:  Banca d'Italia Eurosistema, [Rom]

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    Series: Temi di discussione / Banca d'Italia ; number 1451 (April 2024)
    Subjects: climate change; natural disasters; floods; landslides; firm performance; survivalanalysis; staggered diff-in-diff; multiple treatments
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  3. The relationships between business support, managerial practices and firm performance over time
    Author: Knox, Stephen; Mwaura, Samuel; Oziri, Victoria
    Published: [2024]
    Publisher:  ERC, Enterprise Research Centre, Coventry

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    Series: ERC research paper ; 114 (October 2024)
    Subjects: business advice; government grants; combined business support; managerialpractices; firm performance
    Scope: 1 Online-Ressource (circa 37 Seiten)
  4. Light touch, lean tally
    impacts of an MSME support program in Côte D’Ivoire
    Author: Lakemann, Tabea; Beber, Bernd; Lay, Jann; Priebe, Jan
    Published: 2024
    Publisher:  RWI - Leibniz-Institut für Wirtschaftsforschung, Essen, Germany

    In many developing countries, micro, small and medium enterprises (MSMEs) employ more people than any other type of firm, so identifying ways to raise productivity, improve employment conditions and formalize labor in these settings is of prime... more

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    In many developing countries, micro, small and medium enterprises (MSMEs) employ more people than any other type of firm, so identifying ways to raise productivity, improve employment conditions and formalize labor in these settings is of prime policy importance. However, due to the small number of workers per firm and the possibly long results chain linking management to employment, few MSME-targeted interventions and evaluations address job-related outcomes directly. We do so in a randomized controlled trial (RCT) of a support program for MSMEs in Côte d’Ivoire that included financial management and human resources (HR) components. Six and eighteen months after the end of the program, we find muted impacts on business practices, access to finance, and firm performance. On the employment side we find sizeable, positive impacts on job quality, driven by the share of employees receiving at least the minimum wage and the share with written contracts. We find no significant effect on the number of staff. Taken together, our results underscore the difficulty of boosting firm performance and creating jobs with a low-intensity intervention on the one hand, and the feasibility and importance of improvements in employment quality in MSMEs in developing countries on the other. In vielen Entwicklungsländern sind in Kleinst-, Klein- und Mittelunternehmen (KKMU) mehr Menschen beschäftigt als in jeder anderen Art von Unternehmen. Daher ist es von großer politischer Bedeutung, Wege zur Steigerung der Produktivität, zur Verbesserung der Beschäftigungsbedingungen und zur Formalisierung der Arbeit in diesem Umfeld zu finden. Aufgrund der geringen Anzahl von Arbeitnehmenden pro Unternehmen und der möglicherweise langen Zusammenhangskette zwischen Management und Beschäftigung befassen sich jedoch nur wenige auf KKMU ausgerichtete Interventionen und Evaluierungen direkt mit arbeitsplatzbezogenen Indikatoren. Wir leisten hier mit einer randomisierten kontrollierten Studie (RCT) eines Unterstützungsprogramms für KKMU in Côte d'Ivoire, das Komponenten des Finanz- und des Personalmanagements umfasst, einen Beitrag. Sechs und achtzehn Monate nach dem Ende des Programms finden wir eingeschränkte Auswirkungen auf Geschäftspraktiken, Zugang zu Finanzmitteln und Unternehmensleistung. Auf der Beschäftigungsseite finden wir beträchtliche, positive Auswirkungen auf die Qualität der Arbeitsplätze, die durch den Anteil der Beschäftigten, die mindestens den Mindestlohn erhalten, und den Anteil mit schriftlichen Verträgen bestimmt werden. Auf die Anzahl der Mitarbeiter haben wir keine signifikanten Auswirkungen festgestellt. Zusammengenommen unterstreichen unsere Ergebnisse einerseits die Schwierigkeit, die Unternehmensleistung zu steigern und Arbeitsplätze mit einer wenig intensiven Intervention zu schaffen, und andererseits die Machbarkeit und Bedeutung von Verbesserungen der Beschäftigungsqualität in KKMU in Entwicklungsländern.

     
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    Source: Union catalogues
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    Media type: Ebook
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    ISBN: 9783969732731
    Other identifier:
    hdl: 10419/306824
    Series: Ruhr economic papers ; #1096
    Subjects: MSME support; employment quality; firm performance; randomized controlled trial; Côte d’Ivoire
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  5. Volatile temperatures and their effects on equity returns and firm performance
    Author: Bortolan, Leonardo; Dey, Atreya; Taschini, Luca
    Published: October 2024
    Publisher:  CESifo, Munich, Germany

    We establish the financial materiality of temperature variability by demonstrating its impact on US firms and investors. A long-short strategy that sorts firms based on exposure earns a market-adjusted alpha of 39 basis points per month. This... more

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    We establish the financial materiality of temperature variability by demonstrating its impact on US firms and investors. A long-short strategy that sorts firms based on exposure earns a market-adjusted alpha of 39 basis points per month. This variability metric is related to aggregate decreases in firm profitability, with asymmetric effects across industries. These outcomes are driven by reductions in consumer demand and labor productivity coupled with changes in media and investor attention. The geographically scalable statistical framework provides a reference for assessing the quantitative effects of climate-related physical risks, offering a metric for improving the disclosure of material climate risks.

     
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    hdl: 10419/307368
    Series: CESifo working papers ; 11438 (2024)
    Subjects: corporate climate reporting; climate attention; temperature variability; stock returns; firm performance
    Scope: 1 Online-Ressource (circa 101 Seiten), Illustrationen
  6. Exploring the relationship between job quality and firm productivity in the manufacturing sector
    panel data evidence from Ethiopia
    Author: Tigabu Degu Getahun; Fetene, Gebeyehu Manie; Baumüller, Heike; Kubik, Zaneta
    Published: July 2024
    Publisher:  Zentrum für Entwicklungsforschung (ZEF), Center for Development Research, Bonn

    By leveraging firm-level panel data from 400 agro-processing and leather manufacturing firms in Ethiopia, this paper investigates links between firm productivity and monetary and non-monetary dimensions of job quality. The results point to a positive... more

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    By leveraging firm-level panel data from 400 agro-processing and leather manufacturing firms in Ethiopia, this paper investigates links between firm productivity and monetary and non-monetary dimensions of job quality. The results point to a positive impact of higher salaries on firm productivity, but limited effects of non-monetary job quality indicators. Specifically, a 10% increase on each of the salaries of tenured medium- and high-skilled workers increase sales per worker by 1.79% and 1.46%, respectively, ceteris paribus. Similarly, increasing the starting salary of medium-skilled workers by 10% increases profit per worker, sales per worker and value-add per worker by 2.27%, 2.43% and 2.44%, respectively. Non-monetary job quality indicators had a weak impact on productivity, however, reducing the incentive of employers to invest in job quality improvements. Impact of productivity increases on monetary and non-monetary job quality indicators follow a similar pattern. An increase in profit per worker was found to increase the salaries of both tenured employees and new hires. For instance, a 10% increase in profit per worker increases tenured salaries of low-and medium-skilled workers by 0.2% and 0.3%, respectively, and starting salaries for low, medium and high-skilled workers by 0.21%, 0.28% and 0.27%, respectively. However, a statistically significant impact of profit per worker and value add per worker on non-monetary aspects of job quality was not.

     
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    hdl: 10419/301210
    Series: ZEF-discussion papers on development policy ; no. 349
    Subjects: productivity; salary; job quality; labour compensation; firm performance
    Scope: 1 Online-Ressource (circa 37 Seiten), Illustrationen
  7. You can take them with you
    recruiting coworkers to one’s own new firm
    Author: Muendler, Marc-Andreas; Rauch, James E.; Koyama, Sérgio Mikio
    Published: November 2024
    Publisher:  CESifo, Munich, Germany

    New firms do not yet have employees who can aid recruiting by referrals, but entrepreneurs can recruit workers they know to their startups—in effect making their own referrals. We consider new firms in Brazil’s formal sector founded between 2002 and... more

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    New firms do not yet have employees who can aid recruiting by referrals, but entrepreneurs can recruit workers they know to their startups—in effect making their own referrals. We consider new firms in Brazil’s formal sector founded between 2002 and 2014, for which at least one founding owner can be traced to previous formal employment. We find that 35.1 percent of new firms with at least five employees hire one or more coworkers from a founding owner’s last employer in their first year of operation, and that 9.2 percent of first-year hires at new firms were coworkers at a founding owner’s last employer. The former coworkers most likely to join a founding owner’s new firm are those who, at their last employer, worked in the same plant as a founding owner, had long overlap with a founding owner, were classified in the same industry or occupation as a founding owner, and were hired at roughly the same time as a founding owner. Controlling for observable human capital and new firm fixed effects, former coworkers earn eight percent higher initial wages at new firms and are six percentage points less likely to separate before a new firm’s second year of operation. We find that the coworker wage premium diminishes with tenure by 0.5 percentage points per year and the coworker separation premium diminishes with tenure by 2.0 percentage points per year.

     
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    Series: CESifo working papers ; 11520 (2024)
    Subjects: job referrals; business formation; entrepreneurship; employee spinoffs; firm performance
    Scope: 1 Online-Ressource (circa 32 Seiten)
  8. Brexit had no measurable effect on Irish exporters
    Author: Elsner, Benjamin; Flaherty, Eoin T.; Haller, Stefanie
    Published: 2024
    Publisher:  UCD School of Economics, University College Dublin, Dublin

    We study the impact of the Brexit referendum on Irish exporters to the UK. The referendum triggered a sharp devaluation of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK and the... more

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    We study the impact of the Brexit referendum on Irish exporters to the UK. The referendum triggered a sharp devaluation of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK and the EU. Using administrative data on the universe of Irish exporters, we compare exporters with different levels of exposure to the UK market before the referendum. Our findings do not point to a significant effect of the referendum on Irish exporters. Over the period 2015-2021, the firms least exposed to the UK - but most internationalised otherwise - had considerably higher exit rates from exporting to the UK and from the market overall. They also saw greater declines in employment and sales compared to more exposed firms. We do not find significant differences for export volumes to the UK or elsewhere or for average wages. These findings are robust to controlling for a variety of firm characteristics.

     
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    hdl: 10419/301939
    Edition: This version: August 15, 2024
    Series: Working paper series / UCD Centre for Economic Research ; WP24, 15 (August 2024)
    Subjects: Brexit; firm performance; Trade; Wages; Employment
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  9. Brexit had no measurable effect on Irish exporters
    Author: Elsner, Benjamin; Flaherty, Eoin T.; Haller, Stefanie
    Published: August 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We study the impact of the Brexit referendum on Irish exporters to the UK. The referendum triggered a sharp devaluation of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK and the... more

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    We study the impact of the Brexit referendum on Irish exporters to the UK. The referendum triggered a sharp devaluation of the British pound vis-a-vis the euro and led to considerable uncertainty about future trade relations between the UK and the EU. Using administrative data on the universe of Irish exporters, we compare exporters with different levels of exposure to the UK market before the referendum. Our findings do not point to a significant effect of the referendum on Irish exporters. Over the period 2015-2021, the firms least exposed to the UK - but most internationalised otherwise - had considerably higher exit rates from exporting to the UK and from the market overall. They also saw greater declines in employment and sales compared to more exposed firms. We do not find significant differences for export volumes to the UK or elsewhere or for average wages. These findings are robust to controlling for a variety of firm characteristics.

     
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    hdl: 10419/305671
    Series: Discussion paper series / IZA ; no. 17229
    Subjects: Brexit; firm performance; trade; wages; employment
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  10. Firm performance and the quality of the provincial government in the COVID-19 pandemic era
    evidence from listed companies in Viet Nam
    Author: Duong Thi Chi; Nguyen Thu Hang
    Published: 2024
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    The main purpose of this article is to investigate whether firms experienced a decline in performance during the COVID-19 pandemic and the influence of the quality of local government on firm performance within the context of the pandemic,... more

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    The main purpose of this article is to investigate whether firms experienced a decline in performance during the COVID-19 pandemic and the influence of the quality of local government on firm performance within the context of the pandemic, controlling for credit growth and firm characteristics variables. Firm performance was measured using return on equity (ROE), Tobin's Q, and firm growth while government quality was assessed through the proactivity of provincial leadership, business support services, and the growth of gross regional domestic product (GRDP). The findings reveal a significant difference in ROE, Tobin's Q, and firm growth before and during the pandemic, indicating that firm performance deteriorated during the COVID-19 pandemic. The lowest performance occurred in 2020, which showed the most significant influence of the pandemic. After controlling the dummy COVID-19 and interaction variables, we found that the proactivity of provincial leadership played an important role in mitigating the negative impact of the COVID-19 crisis on firm growth and ROE. Nevertheless, this study found no evidence of the impact of provincial governance measured by business support services and GRDP in the remaining regression models. It would seem that the proactive initiatives of local government can positively influence the market environment, leading to increased revenue (firm growth) and improved ROE. However, as the Tobin's Q index is determined by stock prices and linked to the stock market, the impact of local government is not substantial. Moreover, the current business support services provided by local government may not effectively meet firms' need to enhance performance, and changes in regional economic output (GRDP) during COVID-19 show no substantial influence on firm performance. Therefore, there is a need for broader support at the macro level, involving the active participation of the state and the Ministry of Finance.

     
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    hdl: 10419/305419
    Series: ADBI working paper series ; no. 1475 (August 2024)
    Subjects: firm performance; proactivity of provincial leadership; business support policy; GRDP; COVID-19 pandemic
    Scope: 1 Online-Ressource (circa 24 Seiten)
  11. Are financing conditions a threat to SMEs' performance, growth, and transformation?
    Author: Ferrando, Annalisa; Pál, Rozália
    Published: 2024
    Publisher:  Asian Development Bank Institute, Tokyo, Japan

    Availability of internal and external financing sources has an impact on firms' investments and growth. Even profitable firms with sufficient financing sources in normal times can be affected by demand and supply shocks such as the COVID-19 lockdown,... more

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    Availability of internal and external financing sources has an impact on firms' investments and growth. Even profitable firms with sufficient financing sources in normal times can be affected by demand and supply shocks such as the COVID-19 lockdown, the energy crisis, or the recent tightening of financing conditions. This paper analyzes the impact of funding difficulties on firms' investment, performance, and growth during normal periods and periods of external shocks using a regression adjustment treatment effect approach. We differentiate among structural barriers of external financing and cyclical worsening of financing conditions, controlling for other major investment barriers. We use survey data collected from the first to the eighth vintage of the European Investment Survey (EIBIS). The empirical evidence shows that micro and small firms and leading innovators are particularly vulnerable to deteriorating funding conditions. Results indicate that firms' lagging in digitalization and green investments are facing more a structural rather than cyclical financing issue. Consequently, policy support should be oriented towards those structural financing impediments.

     
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    hdl: 10419/305427
    Series: ADBI working paper series ; no. 1467 (July 2024)
    Subjects: SMEs; investment gap; external funding; internal funding; financing constraints; uncertainty; investment barriers; firm performance; growth; digital and green transition
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  12. Female leadership in India
    firm performance and culture
    Author: Sahay, Ratna; Srivastava, Navya; Vasishth, Mahima
    Published: July 2024
    Publisher:  National Council of Applied Economic Research, [New Delhi, India]

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    Series: Working paper / National Council of Applied Economic Research ; no. WP 170
    Subjects: women’s leadership; firm performance; firm culture
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen
  13. Subtle discrimination
    Author: Pikulina, Elena S.; Ferreira, Daniel Bernardo Soares
    Published: June 2024
    Publisher:  [LSE Financial Markets Group], [London]

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    Series: Discussion paper / [Financial Markets Group] ; no 909
    Subjects: Bias; human capital; promotions; firm performance
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  14. Expatriate managers
    effects on firm performance
    Author: Koren, Miklós; Telegdy, Álmos
    Published: June 2024
    Publisher:  CESifo, Munich, Germany

    Using a novel Hungarian dataset on firms and their Chief Executive Officers (CEOs), we estimate the impact of hiring expatriate CEOs. By examining foreign acquisitions where the new owner replaces the incumbent CEO with an expatriate or a local CEO,... more

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    Using a novel Hungarian dataset on firms and their Chief Executive Officers (CEOs), we estimate the impact of hiring expatriate CEOs. By examining foreign acquisitions where the new owner replaces the incumbent CEO with an expatriate or a local CEO, we address the selection into both acquisition and CEO hiring. Firms led by expatriate CEOs show 13 percent total factor productivity growth, 95 percent sales growth, and increase both exports and domestic sales. Hiring expatriate CEOs enhances firm performance in both international and domestic markets. Our findings suggest that expatriates have superior general management skills.

     
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    Series: CESifo working papers ; 11164 (2024)
    Subjects: expatriate CEO; foreign acquisition; firm performance; Hungary
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  15. Do politicians affect firm outcomes?
    evidence from connections to the German federal parliament
    Author: Diegmann, André; Pohlan, Laura; Weber, Andrea
    Published: May 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We study how connections to German federal parliamentarians affect firm dynamics by constructing a novel dataset to measure connections between politicians and the universe of firms. To identify the causal effect of access to political power, we... more

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    We study how connections to German federal parliamentarians affect firm dynamics by constructing a novel dataset to measure connections between politicians and the universe of firms. To identify the causal effect of access to political power, we exploit (i) new appointments to the company leadership team and (ii) discontinuities around the marginal seat of party election lists. Our results reveal that connections lead to reductions in firm exits, gradual increases in employment growth without improvements in productivity. The economic effects are mediated by better credit ratings while access to subsidies or procurement contracts are documented to be of lower importance.

     
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    hdl: 10419/299959
    Series: Discussion paper series / IZA ; no. 17031
    Subjects: politicians; firm performance; identification; political connections
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  16. Disaster management
    Author: Norris Keiller, Agnes; Van Reenen, John
    Published: [2024]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Series: Discussion paper / Centre for Economic Performance ; no. 2007 (June 2024)
    Subjects: climate; natural disasters; management practices; firm performance
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  17. Does subsidising business advice improve firm performance?
    evidence from a large RCT
    Author: Nunez-Chaim, Gonzalo; Overman, Henry G.; Riom, Capucine
    Published: [2024]
    Publisher:  Centre for Economic Performance, London School of Economics and Political Science, London

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / Centre for Economic Performance ; no. 1977 (January 2024)
    Subjects: firm performance; enterprise growth; entrepreneurship
    Scope: 1 Online-Ressource (circa 62 Seiten), Illustrationen
  18. The division of revenues from unexpected demand shocks
    Author: Bastos, Paulo; Monteiro, Natália Pimenta; Straume, Odd Rune
    Published: 23 September 2024
    Publisher:  Centre for Economic Policy Research, London

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Universitätsbibliothek Freiburg
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Universität Potsdam, Universitätsbibliothek
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19520
    Subjects: Unexpected demand shocks; firm performance; wages; rent sharing; managers
    Scope: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  19. Organisational justice, employee representation, and firm performance
    Author: Mohrenweiser, Jens; Pfeifer, Christian
    Published: [2024]
    Publisher:  Global Labor Organization (GLO), Essen

    Empirical studies find that firms with employee representation have a higher productivity than firms without employee representation. The exact mechanisms for this consistent finding remain unclear, however. A frequent theoretical argument postulates... more

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    Empirical studies find that firms with employee representation have a higher productivity than firms without employee representation. The exact mechanisms for this consistent finding remain unclear, however. A frequent theoretical argument postulates that employee representation provides a safeguarding mechanism which improves justice perceptions of employees that in turn improves cooperation and performance. Using a German longitudinal linked employer-employee dataset, we show that employees in firms with a collective bargaining agreement have higher individual and shared justice perceptions. These higher justice perceptions contribute to the productivity premium of firms with collective agreement. In contrast, justice perceptions are not higher in firms with than in firms without a works council.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/303156
    Series: GLO discussion paper ; no. 1499
    Subjects: works councils; collective bargaining; organisational justice; firm performance
    Scope: 1 Online-Ressource (circa 29 Seiten)
  20. Light touch, lean tally
    impacts of an MSME support program in Côte d'Ivoire
    Author: Lakemann, Tabea; Beber, Bernd; Lay, Jann; Priebe, Jan
    Published: October 2024
    Publisher:  German Institute for Global and Area Studies (GIGA), Hamburg

    In many developing countries, micro, small, and medium enterprises (MSMEs) employ more people than any other type of firm, so identifying ways to raise productivity, improve employment conditions, and formalize labor in these settings is of prime... more

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    Fachinformationsverbund Internationale Beziehungen und Länderkunde
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    German Institute for Global and Area Studies, Bibliothek
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    In many developing countries, micro, small, and medium enterprises (MSMEs) employ more people than any other type of firm, so identifying ways to raise productivity, improve employment conditions, and formalize labor in these settings is of prime policy importance. However, due to the small number of workers per firm and the possibly long results chain linking management to employment, few MSME-targeted interventions and evaluations address job-related outcomes directly. We do so in a randomized controlled trial (RCT) of a support program for MSMEs in Côte d'Ivoire that included financial management and human resources (HR) components. Six and 18 months after the end of the program, we find muted impacts on business practices, access to finance, and firm performance. On the employment side we find positive and significant impacts on job quality, driven by the share of employees receiving at least the minimum wage and the share with written contracts. We find no significant effect on the number of staff. Taken together, our results underscore the difficulty of boosting firm performance and creating jobs with a low-intensity intervention on the one hand, and the feasibility and importance of improvements in employment quality in MSMEs in developing countries on the other.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/305255
    Series: GIGA working papers ; no 342
    Array
    Subjects: Unternehmen; Klein- und Mittelbetrieb; Betriebsplanung; Programm; Wirkung; Auswirkung; Arbeitsbedingungen; Unternehmenskultur; Statistische Analyse; Côte d'Ivoire; MSME support; employment quality; firm performance; randomized controlled trial
    Scope: 1 Online-Ressource (60 Seiten), Diagramme
    Notes:

    Literaturverzeichnis, Literaturhinweise, Annex, Tabellen
  21. Do big inequalities in executive pay hurt firm performance?
    Author: Chung, Richard; DeVaro, Jed; Fung, Scott
    Published: October 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Research Question/Issue: Do large, within-firm executive pay differences hurt firm performance? Prior literature shows mixed results concerning the sign of the relationship between executive pay disparity and firm performance. This study evaluates... more

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    Research Question/Issue: Do large, within-firm executive pay differences hurt firm performance? Prior literature shows mixed results concerning the sign of the relationship between executive pay disparity and firm performance. This study evaluates that literature, clarifies what tournament theory predicts about the relationship, identifies methodological pitfalls and how to address them, and guides future scholarship in this area of considerable importance to firms and policy makers. Research Findings/Insights: We estimate the relationship using improved methodology and find evidence of an inverted-U shaped relationship between the executive pay spread and firm performance. However, the peak of this inverted U occurs at such a high level of the executive pay spread that it is practically irrelevant in most firms. The inverted U is found using a market-based measure of firm performance, but not a returns-based measure (i.e., ROA). Theoretical/Academic Implications: This study addresses the theoretical and empirical limitations of the prior literature, thereby providing more credible estimates of the relationship between pay disparity and firm performance. Tournament theory offers a unified framework that can explain an inverted-U-shaped relationship between the executive pay spread and firm performance. Practitioner/Policy Implications: Our results should reduce public concerns that CEOs increase their own compensation to exorbitant levels, to the detriment of firm performance.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/307170
    Series: Discussion paper series / IZA ; no. 17346
    Subjects: executive compensation; vertical pay disparity; firm performance; tournament theory; market structure
    Scope: 1 Online-Ressource (circa 93 Seiten), Illustrationen
  22. Cloud technologies, firm growth and industry concentration
    evidence from France
    Author: Caldarola, Bernardo; Fontanelli, Luca
    Published: [2024]
    Publisher:  LEM, Laboratory of Economics and Management, Institute of Economics, Scuola Superiore Sant'Anna, Pisa, Italy

    Recent empirical evidence finds positive associations between digitalisation and industry concentration. However, ICT may not be all alike. We investigate the effect of the purchase of cloud services on the long run size growth rate of French firms.... more

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    DS 203
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    Recent empirical evidence finds positive associations between digitalisation and industry concentration. However, ICT may not be all alike. We investigate the effect of the purchase of cloud services on the long run size growth rate of French firms. Our findings suggest that cloud services positively impact firm growth rates, with smaller firms experiencing more significant benefits compared to larger firms. This evidence suggests that the diffusion of cloud technologies may help mitigate concentration in the era of the digital transition by favouring the digitalisation and growth of smaller firms, especially when the cloud services provided are more advanced.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/306756
    Series: LEM working paper series ; 2024, 25 (September 2024)
    Subjects: cloud; ICT; concentration; firm growth rate; firm performance
    Scope: 1 Online-Ressource (circa 43 Seiten)
  23. The division of revenues from unexpected demand shocks
    Author: Bastos, Paulo; Monteiro, Natália Pimenta; Straume, Odd Rune
    Published: 23 September 2024
    Publisher:  Centre for Economic Policy Research, London

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    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Universität Potsdam, Universitätsbibliothek
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19520
    Subjects: Unexpected demand shocks; firm performance; wages; rent sharing; managers
    Scope: 1 Online-Ressource (circa 75 Seiten), Illustrationen