scholarly journals Management Quality and Firm Hierarchy in Industry Equilibrium

2017 ◽  
Vol 9 (4) ◽  
pp. 203-244 ◽  
Author(s):  
Cheng Chen
Keyword(s):  
Equilibrium Model ◽  
Heterogeneous Firms ◽  
Selection Effect ◽  
Management Quality ◽  
Number Of Layers ◽  
Industry Equilibrium ◽  
Firm Hierarchy

I incorporate a monitoring-based firm hierarchy into an industry equilibrium model with heterogeneous firms. I then use the theory to study aggregate impacts of an economy-wide improvement in monitoring efficiency. This shock generates a selection effect, which favors more hierarchical (i.e., more layers) firms. Interestingly, these implications depend on firms' heterogeneous choices about their hierarchy and completely disappear when firms are homogeneous in terms of the number of layers inside the hierarchy. (JEL D21, L23, L25, M12, M54)

scholarly journals Firms, Informality, and Development: Theory and Evidence from Brazil

2018 ◽  
Vol 108 (8) ◽  
pp. 2015-2047 ◽  
Author(s):  
Gabriel Ulyssea
Keyword(s):  
Equilibrium Model ◽  
Heterogeneous Firms ◽  
Development Theory ◽  
Counterfactual Analysis ◽  
Extensive Margin ◽  
Natural Setting ◽  
Policy Changes ◽  
Intensive Margin

This paper develops and estimates an equilibrium model where heterogeneous firms can exploit two margins of informality: (i) not register their business, the extensive margin; and (ii) hire workers “off the books,” the intensive margin. The model encompasses the main competing frameworks for understanding informality and provides a natural setting to infer their empirical relevance. The counterfactual analysis shows that once the intensive margin is accounted for, firm and labor informality need not move in the same direction as a result of policy changes. Lower informality can be, but is not necessarily associated with higher output, TFP, or welfare. (JEL D22, E26, H26, J46, O14, O17)

The Collateralizability Premium

2020 ◽  
Vol 33 (12) ◽  
pp. 5821-5855 ◽  
Author(s):  
Hengjie Ai ◽  
Jun E Li ◽  
Kai Li ◽  
Christian Schlag
Keyword(s):  
General Equilibrium ◽  
Equilibrium Model ◽  
Lower Risk ◽  
Financial Constraints ◽  
Heterogeneous Firms ◽  
Credit Market ◽  
Risk Compensation ◽  
Aggregate Shocks ◽  
Macroeconomic Models ◽  
Credit Market Frictions

Abstract A common prediction of macroeconomic models of credit market frictions is that the tightness of financial constraints is countercyclical. Theory suggests a negative collateralizability premium; that is, capital that can be used as collateral to relax financial constraints insures against aggregate shocks and commands a lower risk compensation compared with noncollateralizable assets. We show that a long-short portfolio constructed using a novel measure of asset collateralizability generates an average excess return of around 8% per year. We develop a general equilibrium model with heterogeneous firms and financial constraints to quantitatively account for the collateralizability premium.

Schedule Management of Airport Flying Area Construction Based on BIM

2014 ◽  
Vol 584-586 ◽  
pp. 2653-2658
Author(s):  
Yin Zi Zhang ◽  
Liang Cai Cai ◽  
Min Fan
Keyword(s):  
Dynamic Process ◽  
Construction Process ◽  
Complex Dynamic ◽  
Schedule Management ◽  
Management Efficiency ◽  
Management Quality ◽  
Number Of Layers ◽  
Complex Construction ◽  
Traditional Construction ◽  
Construction Schedule

Airport flying area construction is a complex dynamic process. Its typical features including: complex construction process, large construction area, underground pipe trench interwoven and so on. Traditional construction schedule management of airport flying area is based on Gantt charts and network diagrams, which is generated before the construction, not supporting real-time updates. A preliminary exploration of BIM-based schedule management in airport flying area engineering is conducted. Using Civil3D,Revit, Navisworks and MS Project software, the construction image progress model can be established. Manager also can achieve laying on the type of runway, the number of layers, daily progress charts and updates, and to achieve global control so as to improve management efficiency and management quality.

scholarly journals Do Multinationals Transplant their Business Model?§

2020 ◽  
Author(s):  
Dalia Marin ◽  
Linda Rousová ◽  
Thierry Verdier
Keyword(s):  
Eastern Europe ◽  
Business Model ◽  
Equilibrium Model ◽  
Multinational Firms ◽  
Monopolistic Competition ◽  
Market Competition ◽  
Theory Of Knowledge ◽  
Host Countries ◽  
Percentage Points ◽  
Industry Equilibrium

Abstract What determines whether or not multinational firms transplant the mode of organisation to other countries? We embed the theory of knowledge hierarchies in an industry equilibrium model of monopolistic competition to examine how the economic environment may affect the decision of multinational firms about transplanting the mode of organization to other countries. We test the theory with original and matched parent and affiliate data on the level of decentralization of 660 Austrian and German multinational firms and 2200 of their affiliate firms in Eastern Europe. We find that market competition in both home and host markets is an important driver of organizational transfer to host countries: An increase in competition in the home (host) market by 10 percentage points lowers (increases) the probability of transplanting by 9 (7) percentage points.

An application of the punctuated equilibrium model to team processes

2010 ◽  
Author(s):  
Christopher K. Adair ◽  
Suzanne T. Bell ◽  
Brian J. Marentette ◽  
David Fisher ◽  
David Gerding
Keyword(s):  
Equilibrium Model ◽  
Punctuated Equilibrium ◽  
Team Processes

Effects of Cooking Oil Subsidy Removals on Related Markets in Malaysia: A Comparative Static, Multicommodity, Multi Stage Production Approach

2011 ◽  
Author(s):  
Jamal Othman ◽  
Yaghoob Jafari
Keyword(s):  
Equilibrium Model ◽  
Comparative Statics ◽  
Partial Equilibrium ◽  
Cooking Oil ◽  
Multi Stage ◽  
Supply Factor ◽  
Partial Equilibrium Model ◽  
Factor Markets ◽  
Input Markets ◽  
Production Approach

Malaysia is contemplating removal of most of her subsidy support measures including subsidies on cooking oil which is largely palm oil based. This paper aims to examine the effects of cooking oil subsidy removals on the competitiveness of the oil palm subsector and related markets. This is done by developing and applying a comparative static, multi-commodity, partial equilibrium model with multi-stages of production function for the Malaysian perennial crops subsector which explicitly links different stages of production, primary and intermediate input markets, trade, and policy linkages. Results partly suggest that export of cooking oil will increase by 0.2 per cent due to a 10 per cent cooking oil subsidy reduction, while domestic output of cooking oil may eventually see a net decline of 1.97 per cent. The results clearly point out that the effect of reducing cooking oil subsidies is relatively small at the upstream levels and therefore it only induces minute effects on factor markets. Consequently, the market for other agricultural crops is projected to change very marginally.   Keywords: Multicomodity, comparative statics, partial equilibrium model, output supply-factor markets linkages, effects of cooking oil subsidy removals.

Measuring academic research performance through audit at the expense of trust: Exploring the 21st Century University

2011 ◽  
Vol 1 (1) ◽  
pp. 49-59 ◽  
Author(s):  
Chris Holligan ◽  
Ibrahim Sirkeci
Keyword(s):  
Research Performance ◽  
Academic Research ◽  
Reputation Management ◽  
Intellectual Life ◽  
Budget Cuts ◽  
University Culture ◽  
The Public ◽  
Audit Culture ◽  
Management Quality ◽  
Fiscal Austerity

British universities are experiencing a climate of fiscal austerity including severe budget cuts coupled with intensifying competition for markets have seen the emergence of audit culture which afflicts the public sector in general. This entails the risk to the integrity of university culture disappearing. This paper seeks to explore the interconnections between developing trends in universities which cause processes likely to undermine the objectivity and independence of research. We question that universities’ alignment with the capitalist business sector and the dominant market economy culture. Despite arguably positive aspects, there is a danger that universities may be dominated by hegemonic sectional interest rather than narratives of openness and democratically oriented critique. We also argue that audit culture embedded in reputation management, quality control and ranking hierarchies may necessarily promote deception while diminishing a collegiate culture of trust and pursuit of truth which is replaced by destructive impersonal accountability procedures. Such transitions inevitably contain insidious implications for the nature of the academy and undermine the values of academic-intellectual life.

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