the present study is intended to examine the effect of accounting conservatism on firms’ non-profitability in tehran stock exchange in 48 unprofitable firms and 57 profitable firms over a period of seven years from 2001 to 2007. this study was conducted according to givoly and hayn model to measure accounting conservatism index in non-profitable and profitable) firms. data analysis performed wi...

The present study is intended to examine the effect of accounting conservatism on firms’ non-profitability in Tehran Stock Exchange in 48 unprofitable firms and 57 profitable firms over a period of seven years from 2001 to 2007. This study was conducted according to Givoly and Hayn model to measure accounting conservatism index in non-profitable and profitable) firms. Data analysis performed wi...

In a recent paper Helpman, Melitz and Yeaple (2002) argue firm heterogeneity leads to self-selection in the structure of international commerce. Only the most productive firms find it profitable to meet the higher costs associated with FDI; the next set of firms find it profitable to serve foreign markets through exporting; while the least productive firms find it profitable to serve only domes...

We examine the incentives for non-consolidating mergers in commercial media industries. In a model with differentiated media and products, it is shown that such a merger can be profitable since it gives merging media firms a bargaining advantage vis-àvis advertisers in the negotiations for advertising space. The extent to which this bargaining advantage yields profitable conditions for a merger...

Using a unique data set of investment projects from India, we examine how business groups choose between implementing a new project within an existing firm (“integration”) versus implementing in a new firm (“non-integration”). While industry commonality is an important determinant of this choice, we document that it is also common for groups to house diversification projects in existing firms. ...

This paper provides a theoretical model of an open economy credit channel including currency mismatch and financial fragility where exporting firms have access to international credit but non-exporting firms do not. The impact of the crisis is predicted to be dramatically different for exporters/non-exporters. We examine firms’ access to external finance in four Asian economies after 1997 using...

Using contemporary data for an extensive sample of 1020 Indian firms, this paper investigates the impacts that size and age of firms have on firm-level productivity and profitability. In India older firms are found to be more productive and less profitable, whereas the larger firms are, conversely, found to be more profitable and less productive. These performance differences are explained as a...

Prior research demonstrates product market advantages of organizational status but largely neglects factor market advantages. We propose that status is advantageous in labor markets because individuals generally consider employer status a non-pecuniary employment benefit. Dyadic analyses of lateral partner hiring by large U.S. law firms demonstrate two status-based advantages in employee hiring...