infonet-economy

From the economic point of view, common law is more efficient than civil law. Is this recent statement published in an economic report valid for mergers and acquisitions (M&A)? The main objective of this paper is to compare the legal performance of M&A in France and in the United States. The purpose is to quantify the impact of both legal systems on the long-term performance…

We use comparable micro level panel data for 14 countries and a set of identically specified empirical models to investigate the relationship between exports and productivity. Our overall results are in line with the big picture that is by now familiar from the literature: exporters are more productive than non-exporters when observed and unobserved heterogeneity is controlled for,…

This article examines how owners of firms subjectively value their ownership stake in monetary terms. We utilize endowment and possession attachment literature to investigate how emotional benefits and costs related to organizational ownership affect emotional value. Thereby we define emotional value as that part of Willingness to Accept, unexplained by the financial value of the…

La diffusa cultura delle gestione padronale che caratterizza la maggior parte delle piccole imprese ha fatto il suo corso. Nei mercati dinamici, contraddistinti da forti pressioni a livello di innovazione e di concorrenza, occorre per quanto possibile attivare tutte le riserve sui piani dell'organizzazione e dell'organico. Questo è in particolar modo possibile grazie a un…

Die weitverbreitete patronale Führungskultur, die in den meisten Kleinunternehmen anzutreffen ist, hat ausgedient. In dynamischen Märkten mit hohem Innovations- und Wettbewerbsdruck gilt es, möglichst alle Reserven der Organisation und der Mitarbeitenden zu aktivieren. Dies gelingt insbesondere mithilfe offener Informationsweitergabe, der Förderung der Selbstständigkeit durch…