scholarly journals The firm size, farm size, and transaction costs: the case of hazelnut farms in Turkey

2015 ◽  
Vol 47 (1) ◽  
pp. 81-90 ◽  
Author(s):  
Ibrahim Demir
Keyword(s):  
Transaction Costs ◽  
Firm Size ◽  
Farm Size

scholarly journals Cross-border buyout pricing

2020 ◽  
Author(s):  
Benjamin Hammer ◽  
Nils Janssen ◽  
Bernhard Schwetzler
Keyword(s):  
Transaction Costs ◽  
Firm Size ◽  
Private Equity ◽  
Large Firm ◽  
Accounting Standards ◽  
Information Production ◽  
Organizational Resources ◽  
Cross Border ◽  
Effective Remedy ◽  
Related Transaction

AbstractUsing a dataset of 1149 global private equity transactions, we find that cross-border buyouts are associated with significantly higher valuation multiples than domestic ones. We attribute this finding to informational disadvantages of foreign acquirers. Consistent with this idea, we find that the spread in valuation multiples narrows when the target operates in a country with high accounting standards, when it was publicly listed prior to the buyout, and when information production is facilitated due to large firm size. Further results suggest that local partnering in a syndicate serves as an effective remedy to avoid adverse pricing effects. The spread in valuation multiples is also less pronounced for large buyout funds, presumably because they draw on sufficient organizational resources to cope with cross-border-related transaction costs.

Firm size effects on transaction costs

1993 ◽  
Vol 5 (4) ◽  
pp. 283-295 ◽  
Author(s):  
Bart Nooteboom
Keyword(s):  
Transaction Costs ◽  
Firm Size ◽  
Size Effects

scholarly journals How does opportunistic behavior influence firm size? An evolutionary approach to organizational behavior

2010 ◽  
Vol 7 (1) ◽  
pp. 1-21 ◽  
Author(s):  
CHRISTIAN CORDES ◽  
PETER RICHERSON ◽  
RICHARD MCELREATH ◽  
PONTUS STRIMLING
Keyword(s):  
Organizational Behavior ◽  
Transaction Costs ◽  
Firm Size ◽  
Cultural Transmission ◽  
Evolutionary Approach ◽  
Business Leader ◽  
Opportunistic Behavior ◽  
Socialization Processes ◽  
Better Than

Abstract:This paper relates firm size and opportunism by showing that, given certain behavioural dispositions of humans, the size of a profit-maximizing firm can be determined by cognitive aspects underlying firm-internal cultural transmission processes. We argue that what firms do better than markets – besides economizing on transaction costs – is to establish a cooperative regime among its employees that keeps in check opportunism. A model depicts the outstanding role of the entrepreneur or business leader in firm-internal socialization processes and the evolution of corporate cultures. We show that high opportunism-related costs are a reason for keeping firms’ size small.

scholarly journals The human factor in Argentine agriculture

2021 ◽  
Vol 38 (77) ◽  
pp. 39-63
Author(s):  
Marcos Gallacher
Keyword(s):  
Firm Size ◽  
Technical Change ◽  
Human Factor ◽  
Farm Size ◽  
No Tillage ◽  
Using Data

The objective of this paper is to identify determinants of the reductions in the use of labor observed in Argentine agriculture. The paper focuses on the 2002-2018 period, using data from the last two publications of the Censo Nacional Agropecuario (the census undertaken in 2008 is incomplete). The paper summarizes trends of labor use and firm size in Argentina, and presents three possible hypothesis accounting for the observed changes: (a) capital-labor substitution, (b) labor-saving technical change (reduced and no-tillage), and (c) changes in the farm size and the types of capital (machines) used.

scholarly journals An Evaluation of Different Ways of Projecting Farm Size Distributions

1974 ◽  
Vol 3 (1) ◽  
pp. 14-22 ◽  
Author(s):  
C. T. K. Ching ◽  
J. P. Davulis ◽  
G. E. Frick
Keyword(s):  
Firm Size ◽  
Census Data ◽  
Transition Probabilities ◽  
The United States ◽  
Farm Size ◽  
Size Distributions ◽  
Exponential Functions ◽  
Chain Analysis ◽  
Florida Citrus ◽  
Negative Exponential

Farris and Padberg, Krenz, and Boxley have discussed different ways of projecting the distribution of firm sizes. Farris and Padberg utilize Markov chain analysis where transition probabilities were derived from observed changes in firm size for Florida citrus packing firms over a five-year period. Krenz, recognizing the difficulty of securing data with which to estimate transition probabilities, developed rules which could be used to derive transition probabilities from census data. Krenz applied this technique to the size distributions of North Dakota farms. Finally, Boxley applied a completely different technique to estimating farm size distributions in the United States. Boxley's technique involved fitting negative exponential functions to firm size distributions observed from census data. According to Boxley, these functions were sufficiently stable to permit estimation of future firm size distributions.

scholarly journals Will Transaction Costs and Economies of Scale Tip the Balance in Farm Size in Industrial Agriculture? An Illustration for Non-Food Biomass Production in Germany

2021 ◽  
Vol 13 (2) ◽  
pp. 733
Author(s):  
Lanjiao Wen ◽  
Lioudmila Chatalova
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Biomass Production ◽  
Economies Of Scale ◽  
Agricultural Sector ◽  
Returns To Scale ◽  
Cost Savings ◽  
Farm Size ◽  
Agricultural Producers ◽  
Production Scale

The study investigates how the agricultural sector can respond to a growing non-food biomass demand. Taking Germany as an example, a stylized case of biomass production under conditions of technological advance and constantly growing demand is modelled. It is argued that biomass producers might seek to adjust their farm size by simultaneously optimizing benefits from the production scale and transaction cost savings, where transaction costs are measured using Data Envelopment Analysis. The results extend the debate on transaction costs and structural change in agriculture by revealing a possible synergy and trade-off between transaction cost savings and benefits from (dis)economies of scale. They show that if larger farms cannot economize on transaction costs, then investments in land and labor, needed to adjust to higher biomass demand, partly compromise the returns to scale, which decelerates the farm size growth. A higher degree of asset specificity gives rise to transaction costs and reduces the rate at which the farm size decreases. Smaller producers may disproportionally benefit from their higher potential of transaction cost savings, if advanced technologies can offset the scale advantage of larger farms. The findings inform policymakers to consider this complex effect when comparing the opportunities of smaller and larger agricultural producers in the bioeconomy.

Pengaruh Hubungan Politik Terhadap Manajemen Laba Pada Perusahaan Sektor Jasa Dengan Variabel Kontrol Ukuran Perusahaan Dan Kualitas Audit

2018 ◽  
Vol 16 (2) ◽  
pp. 30
Author(s):  
Dwikky Darmawan ◽  
Weny Putri
Keyword(s):  
Earnings Management ◽  
Firm Size ◽  
Significant Influence ◽  
Service Sector ◽  
Audit Quality ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Political Connection ◽  
Discretionary Accrual

The purpose of this study is to determine the effects of political connection toward the earnings management of service sector companies with control variables firm size and audit quality. Firm�s political connection measured by using dummy variable. Earnings management is proxied by discretionary accrual which is measured by using Modified Jones Model. The research data applied in this study are the secondary data which are taken from the annual reports of service sector companies that listed in Indonesian Stock Exchange of 2016-2017 periods. There are 330 observations fit as sample, which are taken by using purposive sampling method. Data are processed by applying the multiple linear regression test. The result show that the political connection had positive but not significant influence to earnings management. Firm size had negative but not significant influence to earnings management. Whereas the audit quality had a negative and significant influence to earnings management.

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