Found 4 article(s) for author 'Firms'

Lessons from Schumpeterian Growth Theory

Lessons from Schumpeterian Growth Theory. Philippe Aghion, May 2015, Paper. “By operationalizing the notion of creative destruction, Schumpeterian growth theory generates distinctive predictions on important microeconomic aspects of the growth process (competition, firm dynamics, firm size distribution, cross-firm and cross-sector reallocation) which can be confronted using rich micro data. In this process the theory helps reconcile growth with industrial organization and development economics.” Link

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Why Do Firms Have “Purpose”? The Firm’s Role as a Carrier of Identity and Reputation

Why Do Firms Have “Purpose”? The Firm’s Role as a Carrier of Identity and Reputation. Rebecca Henderson, Eric Van den Steen, May 2015 , Paper. “This article develops a theory in which a firm’s adoption of a prosocial purpose can increase profitability by strengthening employees’ reputation and identity–leading to higher effort and lower wages–as long as implementing purpose is costly with respect to direct monetary payoffs. Employees who value prosocial action will select into firms with a social purpose, which then become a visible carrier for these employees’ identity and reputation.” Link

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Firms and the Economics of Skilled Immigration

Firms and the Economics of Skilled Immigration. William R. Kerr, April 2014, Paper. “Firms play a central role in the selection, sponsorship, and employment of skilled immigrants entering the United States for work through programs like the H-1B visa. This role has not been widely recognized in the literature, and the data to better understand it have only recently become available. This paper discusses the evidence that has been assembled to date in understanding the impact of high-skilled immigration from the perspective of the firm and the open areas that call for more research…” Link Verified October 12, 2014

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Credit Constraints and the Cyclicality of R&D Investment: Evidence from France

Credit Constraints and the Cyclicality of R&D Investment: Evidence from France. Philippe Aghion, April 28, 2008, Paper. “We use a French firm-level data set containing 13,000 firms over the period 1993-2004 to analyze the relationship between credit constraints and firms’ R&D behavior over the business cycle. Our main results can be summarized as follows: (i) the share of R&D investment over total investment is countercyclical without credit constraints, but it becomes less countercyclical as firms face tighter credit constraints…” Link Verified October 29, 2014

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