Home Values and Firm Behavior

DEMAND STRUCTURE AND FIRM BEHAVIOR 1 Not so Demanding : Demand Structure and Firm Behavior

Home Firm Performance after Foreign Investments

Being international’ has nearly become an undisputed aim for fi rms in a globalized world. Several papers fi nd a positive relationship between foreign direct investment (FDI) and the home performance of fi rms. In this paper we address the “FDI – export” relationship to better understand this pattern. Furthermore, by presenting fi rst results on fi rm’s post-divestiture employment growth at ho...

Firm Investment Behavior and Collective Bargaining Strategy

This paper utilizes survey data on labor union coverage at the firm level to examine union-nonunion differences in investment activity among 706 U.S. companies during the 1970s. Consistent with a model of union rent seeking, firm-level collective bargaining is associated with significantly lower physical capital and R&D investment, even following extensive control for firm and industry characte...

Board of director collusion, managerial incentives and firm values

This paper investigates the effects of board of director collusion on managerial incentives and firm values. Recent academic research hints at the social network of board of directors as an important conduit for coordinating corporate governance policies, such as managerial pay, and curbing competition. We study a model where managers can exert unobservable cost-cutting effort and investigate t...

Home Firm Performance after Foreign Investments and Divestitures

Being international’ has nearly become an undisputed aim for fi rms in a globalized world. Several papers fi nd a positive relationship between foreign direct investment (FDI) and the home performance of fi rms. In this paper we address the “FDI – export” relationship to better understand this pattern. Furthermore, by presenting fi rst results on fi rm’s post-divestiture employment growth at ho...