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Insurer’s Risk-Taking Behavior in India: Does Board Matter? International Journal of the Economics of Business Pub Date : 2024-03-13 Barkha Goyal, Rachita Gulati
This study investigates the board’s role in shaping insurers’ risk-taking using data of 49 Indian insurance firms from 2014 to 2021. We captured the insurer’s risk using four proxy measures: underw...
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Half-Century of Stagnation: Labor Productivity in Ontario’s Gold Mining Industry International Journal of the Economics of Business Pub Date : 2024-02-11 Robert J. Petrunia, Karl Skogstad
This paper explores labor productivity in Ontario’s gold mining industry from 1920 to 1970. The gold produced by a worker is nearly identical in 1920 and 1970, suggesting that the industry experien...
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Hedonic Decomposition of Beer Prices: Consumer Ratings and Quantity Discounts International Journal of the Economics of Business Pub Date : 2024-02-11 Antonis A. Michis
A hedonic regression framework is proposed for evaluating the determinants of beer prices and consumer ratings. This study specifically addresses the endogeneity problem associated with the impact ...
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Unpacking the Inverted U-shape between Regional AI and Business Performance International Journal of the Economics of Business Pub Date : 2024-02-11 Ren Lu, Fei Zheng, Shan-Na Ma, Ruilin Yang
This study examines how regional artificial intelligence (AI) influences firms’ business performance from the viewpoint of economic geography. We employ the instrumental variable method to analyze ...
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Do Attractive People Get a Better Deal? An Experimental Study International Journal of the Economics of Business Pub Date : 2024-01-18 Lyudmyla Starostyuk, Yan Lang, Kay-Yut Chen
The goal of our research is to shed light on the existence of an effect of seeing the images of human faces (i.e. “a face effect”) on economic decision-making behavior. We conduct a series of contr...
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A Review of Edmund Phelps, My Journeys in Economic Theory New York: Columbia University Press, 2023 International Journal of the Economics of Business Pub Date : 2023-11-06 Peter Zweifel
This review argues that Edmund Phelps in fact undertook one journey, which led him to the theme of “flourishing,” meaning that workers derive satisfaction from their job. He sees flourishing people...
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What Motivates Mergers and Acquisitions in India? International Journal of the Economics of Business Pub Date : 2023-09-16 Sonal Dua
This paper attempts to explore the motives behind merger and acquisition strategy of Indian corporates. Covering the domestic activity over two decades, 1998--2017, the firm-level determinants of a...
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Efficiency in Film Distribution International Journal of the Economics of Business Pub Date : 2023-07-12 Yoong Hon Lee
The motion picture industry is indeed a risky sector. The difficulties in predicting success and the sheer amount of production budgets have led to spectacular failures and in some cases even bankr...
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Do CEO Characteristics Matter in Product Recalls? International Journal of the Economics of Business Pub Date : 2023-06-01 António Miguel Martins, Cesaltina Pacheco Pires
This study examines the effect of CEO characteristics such as gender, age, tenure, functional background, stock ownership, compensation scheme and dual role on the stock market returns of automobil...
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Following the Talent in Entrepreneurial Firms International Journal of the Economics of Business Pub Date : 2023-05-02 Steven C. Michael
Abstract Entrepreneurial firms are often founded by uniquely talented individuals. Given that talent does not always beget talent, succession can be challenging. An analytical model is used to explore dynamic tradeoffs of competence in the choice between an insider and an outsider in the succession of a talented individual. The model is illustrated with an application to family business.
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International Journal of the Economics of Business Best Paper Prize Announcement International Journal of the Economics of Business Pub Date : 2023-04-13
Published in International Journal of the Economics of Business (Vol. 30, No. 1, 2023)
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A Final Report Card on the States’ Response to COVID-191 International Journal of the Economics of Business Pub Date : 2023-02-24 Phil Kerpen, Stephen Moore, Casey B. Mulligan
Abstract Two and a half years ago COVID-19 spread to the United States. Following the federalism model (New State Ice Co. vs Liebmann; Cheng and Lee 2019 Cheng, Chen, and Christopher Lee. 2019. Laboratories of Democracy: Policy Experimentation under Decentralization. American Economic Journal: Microeconomics 11 (3): 125–154. doi:10.1257/mic.20160257.[Crossref], [Web of Science ®] , [Google Scholar])
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Price reaction in New Zealand’s duopolistic airline market International Journal of the Economics of Business Pub Date : 2023-02-11 Thanh Ngo, Kan Wai Hong Tsui
Abstract This study investigates the price reaction in a duopolistic market where two airlines (a full-service and a low-cost carrier) dominate the domestic aviation market. Utilising a rich dataset of 53,463 matched airfares for Air New Zealand and Jetstar in New Zealand from September to December 2019, we found a U-shaped relationship (from Jetstar to Air New Zealand) and an inverted U-shaped relationship
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Imports-ICT Linkage in Colombian Manufacturing International Journal of the Economics of Business Pub Date : 2023-02-11 Andres Mauricio Gomez-Sanchez, Elsy Lorena Rosero-Ceballos, Daniel Andres Mosquera
Abstract The objective of this paper is to explore the ICT impact on firm’s import decision and on firm’s performance in import markets in Colombian manufacturing. This is the first document exploring this linkage in Latin America. We analyse firms’ imports of raw materials (not exports as the tradition) because of the decisive role imports play in firms’ exports. To deal with the problem of sample
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An Analysis of Cyber Breaches and Effects on Shareholder Wealth International Journal of the Economics of Business Pub Date : 2023-02-06 Karen M. Hogan, Gerard T. Olson, Jackson D. Mills, Peter A. Zaleski
Abstract Cyber data breaches are an evolving risk facing all firms and threatens their ability to conduct business activity. Due to a lack of available information, very little is known about the frequency and severity of data breaches and the financial markets’ responses to them. This study uses a unique proprietary data set that includes cyber data breach information for 3,992 publicly traded firms
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Output Delegation, Collusion Sustainability, and Mergers with Quantity-Setting Firms International Journal of the Economics of Business Pub Date : 2022-12-09 Marc Escrihuela-Villar
Abstract We develop a quantity competition model where a subset of firms belongs to a holding firm that can delegate or centralize the output decisions while the other (decentralized) firms make decisions independently. We show that output centralization may have a procompetitive effect because it reduces firms’ incentives to collude among those firms whose decision is made independently. Furthermore
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ICT Capital Formation, Unemployment, and the Solow Paradox International Journal of the Economics of Business Pub Date : 2022-12-09 Emmanuel Apergis, Nicholas Apergis, James W. Saunoris
Abstract This study explores the impact of ICT on unemployment and labour productivity. Using a time-varying modelling approach, quarterly US data from 1972 to 2020 estimate the relationships between unemployment and ICT capital investments. The results highlight that ICT capital investments reduce unemployment and increase labour productivity, showing no evidence supporting the Solow Paradox. The
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Can Rivalry in R&D be Harmful Under Supply Function Competition? International Journal of the Economics of Business Pub Date : 2022-11-03 Ismail Saglam
Abstract We consider a duopoly with cost asymmetry and demand uncertainty and show that rivalry in (process) R&D can be extremely harmful to both firms even in the presence of spillovers if the firms produce under supply function competition. However, if they produce under Cournot competition, firms can earn higher profits in the presence of R&D rivalry than what they could earn when they (mutually)
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Do Higher Deductibles Slow Health Spending Growth? International Journal of the Economics of Business Pub Date : 2022-10-27 Molly Frean, Mark V. Pauly
Abstract High health care spending growth is regarded in all countries as a potential policy problem. The potential for patient cost-sharing to reduce spending levels has been studied extensively; however, there has been very little work on how cost-sharing may also influence spending growth. In this paper, we relate deductibles as a measure of cost-sharing to health care spending growth at the market
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Realizing Gender Diversity on Corporate Boards International Journal of the Economics of Business Pub Date : 2022-10-18 Wei Kang, John K. Ashton, Ayan Orujov, Yang Wang
Abstract This study examines the effectiveness of soft law through scrutinizing national policies for enhancing the proportion of women on corporate boards. Soft laws, which have less precision and obligation dimensions than conventional laws, are widespread within financial regulation. Despite this widespread use there relative performance is unexplored. To resolve this, we undertake a comparative
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No Free Launch: At-Risk Entry by Generic Drug Firms International Journal of the Economics of Business Pub Date : 2022-10-12 Keith M. Drake, Robert He, Thomas G. McGuire, Alice Ndikumana
Abstract After receiving FDA approval, a generic drug manufacturer can launch ‘at risk’ before any patent infringement litigation concludes, but it risks paying damages if it ultimately loses the litigation. A generic can eliminate the risk by waiting to launch until after the appeals process is complete but waiting has downsides too. We examine FDA approvals of generic drug applications with ‘first-filer’
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Structure and Competition in the Uruguayan Banking Sector International Journal of the Economics of Business Pub Date : 2022-08-08 Miguel Mello, Jorge Ponce
Abstract Using quarterly data for Uruguayan banks we find that this sector is a concentrated oligopoly that exhibits global economies of scale. Specific product economies of scale are statistically significant in households and corporate loans. There are economies of scope between varieties of loans, deposits in local currency and portfolio management. The credit market to households is the least competitive
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International Journal of the Economics of Business Best Paper Prize Announcement International Journal of the Economics of Business Pub Date : 2022-07-27 Kevin Amess (EDITOR), David Paton (EDITOR), H. E. Frech III (NORTH AMERICAN EDITOR)
Published in International Journal of the Economics of Business (Vol. 29, No. 2, 2022)
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Performance and Revenues in European Football: Clubs’ Media Visibility and Brand Value International Journal of the Economics of Business Pub Date : 2022-07-09 Alice Aguiar-Noury, Pedro Garcia-del-Barrio
Abstract This paper contributes to understanding the financial situation of European football clubs and the role of their media visibility and historical brand status. By estimating production and revenue equations, the study tests hypotheses concerning the relationships between teams’ sporting performance (current and past), historical status, media exposure, annual revenues, and annual wages. The
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Product market competition and management quality among small and medium-sized enterprises: Evidence from Burkina Faso International Journal of the Economics of Business Pub Date : 2022-06-27 Soumaïla Gansonré, Sugrinoma Aristide Ouédraogo
Abstract We examine how management quality is related to product market competition when firms are managed by their founders instead of hired managers. While the relationship between competition and managerial incentives is mostly found to be ambiguous in theory, testing it empirically has been challenged by the lack of robust quantitative data. Using a survey on Small and Medium-sized Enterprises
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Rental Market Liquidity, Seasonality, and Distance to Universities International Journal of the Economics of Business Pub Date : 2022-02-24 Okan Yilmaz, Oleksandr Talavera, Joy Yihui Jia
Abstract This paper explores how liquidity in the UK rental markets reacts to variations in demand across time and space. We employ a survival analysis approach with a non-parametric hazard rate to investigate whether the probability of a property to exit the market changes across calendar months. Our unique dataset comes from Zoopla.com and contains 300,198 rental listings in 13 major UK university
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Multimarket Contact, Income Diversification and Bank Performance International Journal of the Economics of Business Pub Date : 2021-08-25 Khanh Hoang, Liem Nguyen, Son Tran
Abstract Faced with intense competition, banks may find geographic and income diversification strategies indispensable to remain competitive. Surprisingly, the literature has only discussed the two strategies separately, and there appears little effort in considering both strategies simultaneously, at least in the investigation of their intertwined impact on bank performance. We adopt System Generalized
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From Efficiency Analyses to Policy Implications: a Multilevel Hierarchical Linear Model Approach International Journal of the Economics of Business Pub Date : 2021-09-25 Thuy T. T. Dao, Xuan T. T. Mai, Thanh Ngo, Tu Le, Huong Ho
Abstract This paper examines the key factors that influenced the cost efficiency of 7,633 Vietnamese manufacturing firms during 2010–2016 via a hierarchical linear modelling (HLM) approach. The main reason for using HLM in this case is that observations in the same group may not be independent from each other (e.g. firms operate within the same city), and some variables may not vary across those observations
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Covid-19 Lockdown Cost/Benefits: A Critical Assessment of the Literature International Journal of the Economics of Business Pub Date : 2021-09-29 Douglas W. Allen
Abstract An examination of over 100 Covid-19 studies reveals that many relied on false assumptions that over-estimated the benefits and under-estimated the costs of lockdown. The most recent research has shown that lockdowns have had, at best, a marginal effect on the number of Covid-19 deaths. Generally speaking, the ineffectiveness stemmed from individual changes in behavior: either non-compliance
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The productivity impact of innovation on industry in Argentina International Journal of the Economics of Business Pub Date : 2021-09-16 María Celeste Gómez, Carina Borrastero
Abstract This paper assesses the innovative process of Argentinian manufacturing firms and its impact on labour productivity. Applying a CDM model, we combined firms’ innovative decisions with innovation results and their impacts on labour productivity. We used recent data from Argentina’s National Survey on Employment and Innovation Dynamics (ENDEI in Spanish) from 2010-2012 and 2014-2016. Our findings
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Developments in the Market for Employment Websites in the U.S International Journal of the Economics of Business Pub Date : 2021-09-03 Vera Brenčič
Abstract With the wide-spread adoption of the Internet, websites that host job boards and CV banks have become important intermediaries in the labor market. Despite their popularity and conflicting evidence about their effectiveness, we know relatively little about the market for these websites and about their decision making. We address this void in two ways. First, we document how the market for
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The Determinants of Firm Competitiveness: Evidence from the Indian Manufacturing Sector International Journal of the Economics of Business Pub Date : 2021-08-30 Pradipta Kumar Sahoo, Viet Le, Badri Narayan Rath
Abstract This paper investigates the determinants of competitiveness of Indian manufacturing sector. First, based on multi-variate Industrial Competitiveness Index (ICI), the result reveals that capital-intensive firms are more competitive than labor-intensive firms. Second, the results also indicate that foreign-owned firms are more competitive than domestic firms. Third, the determinants of competitiveness
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Lending Relationships and SMEs’ Productivity. Does Social Capital Matter? International Journal of the Economics of Business Pub Date : 2021-08-23 Mariarosaria Agostino, Lucia Errico, Sandro Rondinella, Francesco Trivieri
Abstract This work investigates to what extent the relevance of close bank-firm ties is affected by the endowment of social capital characterising the environment in which enterprises operate. By estimating the link between the duration of lending relationships and Italian SMEs’ productivity, we empirically test whether there is complementarity or substitutability between credit relations and social
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Do Credit Ratings Determine Capital Structure? International Journal of the Economics of Business Pub Date : 2021-08-23 Amrit Judge, Anna Korzhenitskaya
Abstract This paper examines whether the possession of a credit rating has an impact on firms leverage ratio. The issue of access to alternative sources of debt finance has received special attention in the wake of 2007–2009 financial crisis when banks significantly cut back on loans and firms became credit-constrained. Consequently, policy makers have been examining ways of facilitating access to
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Political Connections, Family Ownership, and Firm Performance: An Emerging Economy International Journal of the Economics of Business Pub Date : 2021-07-15 Sabeeh Ullah, Sumaira Khan, Shahzad Hussain, Mehtab Alam, Muhammad Haroon
Abstract Emerging economies are characterised by a high proportion of family-owned businesses, significant political corruption, and a weak legal system which creates a more favourable environment for politically-connected family firms. Hence, we investigate the effect of political connections on firm performance in family and non-family-owned firms through advanced panel estimation techniques. Our
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The Effects of CEO Succession Planning on Shareholder Wealth International Journal of the Economics of Business Pub Date : 2021-06-29 Paul Farah, Hui (Michael) Li
Abstract We examine the lack of planning in CEO successions and its effect on shareholder wealth for 162 cases of no succession planning. We attribute the lack of potential or actual permanent replacement at the time of the announcement of departure or actual departure of the CEO to the great need for an outsider selection to lead the company. Our findings suggest that the effect of relaxing the time
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The ‘Generic Competition Paradox’ Revisited International Journal of the Economics of Business Pub Date : 2021-03-10 Atanu Saha, Yong Xu
Abstract Using a panel dataset of 78 branded drugs for the period January 2009 through March 2020, we examine whether brand prices react to the onset of generic competition. Contrary to the findings of several prior academic studies, we show that the rate of change of brand prices (both nominal and CPI-deflated) are significantly lower after generics enter the market; notably, we also find branded
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Foreign operation mode flexibility: tradeoffs and managerial responses International Journal of the Economics of Business Pub Date : 2021-03-10 Bent Petersen, Gabriel R. G. Benito, Lawrence S. Welch
Abstract Firms’ ability to change foreign operation modes appears highly desirable in an increasingly volatile and unpredictable global environment. We propose and discuss mode flexibility as a management capability, with the aim at curbing the potential downsides of flexibility; in particular, the extra costs of coordination and contracting as well as revenue losses due to diminished partner commitment
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Agent Motivation and Principal Anticipation: Non-Monotonicity, Intentions, and Other Factors International Journal of the Economics of Business Pub Date : 2021-03-08 Timothy Flannery, Stephen Roberts
Abstract We design an experiment to test what motivates agents to choose higher effort and how well principals anticipate agent responses. Principals rank five contracts where a higher ranking increases the likelihood of a contract's implementation. In one treatment, those rankings remain hidden from agents; in the other, agents view the rankings. Agent response to contract structure and monetary incentives
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Creating Good Jobs: An Industry-Based Strategy International Journal of the Economics of Business Pub Date : 2021-03-04 Getinet Haile Reviewed by
(2021). Creating Good Jobs: An Industry-Based Strategy. International Journal of the Economics of Business: Vol. 28, No. 2, pp. 329-333.
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Performance evaluation of R&D organisations: an Asian perspective International Journal of the Economics of Business Pub Date : 2020-12-17 K. R. Sinimole, Kanti Mohan Saini
Abstract Asian countries have enhanced their innovation capabilities through the advancements in science, technology and innovation with skilled workers and R&D institutions. Regardless of the investments made in R&D, a country’s objective of nurturing economic growth might not be fulfilled if R&D resources are used inefficiently. The aim of this paper is to evaluate and compare the R&D performance
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The nexus between governance structure and cost of debt International Journal of the Economics of Business Pub Date : 2020-12-11 Abdelkader Derbali, Lamia Jamel, Mohamed Bechir Chenguel
Abstract The purpose of this study is to investigate whether creditors consider the governance characteristics of the enterprise in deciding the cost of the debt. Starting from a sample of 486 American firms during the period from 1998 to 2017, we integrate governance in six factorial axes by using estimation by OLS regressors. We validate that audit quality as well as financial expertise are informative
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Competition analysis of the UK intercity coach market: a structural econometric model International Journal of the Economics of Business Pub Date : 2020-11-29 Jules Duberga
Abstract This paper investigates the effectiveness of liberalization policy on the intercity coach market in England and Wales and evaluates its impact in promoting competition and enhancing welfare. The paper adds to the current literature by assessing this policy focusing on natural monopolies, deriving a structural model of the industry and using web-scraped key market-level data in the study. Regression
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The Effects of a Day off from Retail Price Competition: Evidence on Consumer Behavior and Firm Performance in Gasoline Retailing International Journal of the Economics of Business Pub Date : 2020-11-09 Øystein Foros, Mai Nguyen-Ones, Frode Steen
Abstract First, we analyze how regular days off from competition and a time-dependent price pattern affect firm performance. Second, we examine the effects on firms' profitability from consumers’ changing search- and timing behavior. We use microdata from gasoline retailing in Norway. From 2004 to 2017, firms practiced an industry-wide day off from competition, starting on Mondays at noon, by increasing
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The impact of regulation in shelf life on milk price International Journal of the Economics of Business Pub Date : 2020-10-06 Panagiotis Fotis, Michael Polemis
Abstract The scope of this paper is to investigate the impact of market deregulation on the level of farm-gate prices and the competitiveness of raw milk producers in Greece along the suggested lines of OECD. For this purpose, we use a dynamic panel data approach. We argue that the full openness of the relevant milk market segment had significant implications for the level of farmgate prices in the
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The EU Block Exemption and Horizontal R&D Agreements International Journal of the Economics of Business Pub Date : 2020-09-24 Derek J. Clark, Anita Michalsen, Leif Roger Olsen
Abstract We analyze the effect of the European Union Competition Authority’s block exemption towards R&D cooperatives in a horizontal market structure, valid as long as the combined product market share is not too large. Two less efficient firms attempt to catch up with a technological leader, and may use the safe harbour provided by the legislation. We consider when the incentives of the R&D-performing
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Effects of Foreign Investment on Domestic Private Equity International Journal of the Economics of Business Pub Date : 2020-09-15 Hernan Herrera-Echeverri, John Rosso, Daniel Felipe Fragua
Abstract Using a sample of 23 OECD countries, studied over a period of 20 years (1995–2015), we find that direct foreign investment has a spillover effect on private equity (PE) in that it supports the development of the domestic PE industry. We also show how contextual variables influence the investment process. Our results suggest that a positive effect on domestic PE dynamics can be seen if the
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Rent-Seeking and Firm Performance: Do Institutional and Firm-Specific Characteristics Matter? International Journal of the Economics of Business Pub Date : 2020-09-14 Syeda Tamkeen Fatima, Muhammad Yar Khan
Abstract This paper looks at the differential impact of bribery and lobbying onto the productivity of firms using data from 28 Eastern European and Central Asian economies. It is hypothesized that since the intent of lobbying is fundamentally different from that of bribery their consequences may differ. The empirical results reveal that while lobbying increases firm performance, bribery decreases it
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Management Practices and Allocation of Employment: Evidence from Finnish Manufacturing International Journal of the Economics of Business Pub Date : 2020-09-14 Roope Ohlsbom, Mika Maliranta
Abstract We analyse variation in the management practices across countries and across regions within a country. For cross-country comparisons we use the Finnish Management and Organizational Practices Survey (FMOP) to calculate a management score for Finnish manufacturing that is compared to corresponding measures obtained from similar data in the US and Germany. Scores measured by unweighted averages
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Free to Choose: Do Voluntary Audit Reforms Increase Employment Growth? International Journal of the Economics of Business Pub Date : 2020-09-14 Asif M. Huq, Sven-Olov Daunfeldt, Fredrik Hartwig, Niklas Rudholm
Abstract Many European countries have abolished mandatory audits for small firms to reduce the regulatory and administrative burden for these firms. However, we still lack knowledge on whether such legislative changes affect employment growth for those firms that become free to choose to have external audits. We investigate this question using a Swedish reform that made audits voluntary for small firms
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Raising Rivals Costs by Customer Diversion: Evidence from Airline Baggage Fees International Journal of the Economics of Business Pub Date : 2020-08-17 John Kwoka, Pinshuo Wang
Abstract This study examines the effects of airline baggage fees as a method for diverting high cost passengers to rival airlines that do not charge such fees. We show that the latter in turn must raise their fares, thereby weakening their competitive constraint on carriers with fees and permitting the latter actually to raise their fares. Our empirical evidence focuses on routes where legacy carriers
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Trust Relationships in Employment Relationships: the Role of Trust for Firm Profitability International Journal of the Economics of Business Pub Date : 2020-08-06 Bernd Brandl
Abstract Trust between actors in firms per se as well as in the employment relationship, i.e. between the representatives of employees and the management, is usually seen in the literature to affect firm performance positively, yet to date there has been no systematic analysis of the effect of different forms of trust, including mutual trust, on firms’ financial performance. In this article we argue
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Benchmarking Water Retail Cost Efficiency in England and Wales International Journal of the Economics of Business Pub Date : 2020-07-21 Sam Williams, Christopher Pickard, Karli Glass, Anthony Glass
Abstract Privatised water companies in England and Wales are subject to economic regulation by the industry regulator (Ofwat). Ofwat sets 5-year caps on the prices’ companies can charge their customers. These caps are in part based on the benchmarking of companies’ costs. Ofwat has not previously used econometrics to benchmark domestic retail costs, but it undertook such modelling in its 2019 price
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Switching Costs in the Brazilian Airline Sector International Journal of the Economics of Business Pub Date : 2020-07-16 Marcelo Resende, Daniel Penido Amorim, Pedro O. Valente
Abstract This paper calculates the switching costs in the context of the Brazilian airline industry by considering an indirect approach, and econometrically evaluates its determinants during the 2005-2017 period. Evidence suggests non-negligible switching costs that display a decreasing trend over time, which is consistent with an increase in the competition in the sector, as also exhibited in other
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Buyer power of retailers with limited selling capacity International Journal of the Economics of Business Pub Date : 2020-07-13 Ramon Fauli-Oller
Abstract We have two upstream firms producing each one a different good. Demands of the goods are independent, symmetric and linear. Goods are sold to consumers through retailers. The units of both goods sold by retailers cannot exceed the industry selling capacity that it is distributed symmetrically among retailers. Taking as given the industry selling capacity, when the number of retailers decreases
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Efficiency analysis of social performance – the case of Turkish super league International Journal of the Economics of Business Pub Date : 2020-07-07 Selçuk Özaydın, Murat Donduran
Abstract Undoubtedly, due to its impact on both revenues and the home advantage, social performance is a key factor of success for football clubs. Growing revenues and the government’s eagerness to promote football in Turkey in recent years have created desirable conditions for Turkish clubs. However, research into the impact of social performance success has not received much attention, especially
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Exploring the Relationship between Risk and Performance in Listed Indian Firms International Journal of the Economics of Business Pub Date : 2020-05-27 Ranjan DasGupta, Soumya G. Deb
Abstract This paper analyses the relationship between a firm’s accounting risk and performance for a large sample of listed Indian firms observed over the period 2000–2015. We find evidence that the relationship is not absolute but contingent on the level of firm performance. We show that poorly performing firms below a threshold level of performance exhibit a ‘paradoxical’ or inverse relationship
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Pharmaceutical industry’s changing market dynamics International Journal of the Economics of Business Pub Date : 2020-05-03 Atanu Saha, Heather Roberts
Abstract Using a panel dataset of 82 drugs that lost exclusivity between 2009 and 2018, we examine three key variables: the number of generic entrants, the generic-to-brand price ratio, and generic share. We also undertake a comparative analysis of these variables using an earlier dataset of 40 drugs that lost exclusivity in 1992–1998. Our principal findings are: a marked decrease in the number of
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Electronic word-of-mouth: a survey from an economics perspective International Journal of the Economics of Business Pub Date : 2020-04-13 Naoshi Doi, Hitoshi Hayakawa
Abstract This paper reviews existing studies investigating online communication on products and services, also known as, electronic word-of-mouth (eWOM). The first half of the paper summaries what is known about eWOM in the literature. Existing studies largely relate to the marketing field and are generally conducted from a marketing firms' point of view. To investigate eWOM from the perspective of
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Ownership Structure of Franchise Chains: Trade-Off Between Adaptation and Control International Journal of the Economics of Business Pub Date : 2020-02-26 Matthias Glaser, Michal Jirasek, Josef Windsperger
Abstract This study provides a new explanation of the ownership structure of franchise firms by highlighting a trade-off between adaptation and control under increasing uncertainty. Franchise chains are formed to reduce transaction costs by combining franchisee outlets as an adaptation mechanism and company-owned outlets as a control mechanism. We argue that under low to moderate uncertainty, franchisors