Agency costs theory and the financing life cycle empirical evidence from Swedish firm-level data

2012 ◽  
Vol 8 (2) ◽  
pp. 226 ◽  
Author(s):  
Darush Yazdanfar
Keyword(s):  
Life Cycle ◽  
Empirical Evidence ◽  
Agency Costs ◽  
Firm Level ◽  
Level Data ◽  
Firm Level Data

scholarly journals The Role of Startups in Structural Transformation

2016 ◽  
Vol 106 (5) ◽  
pp. 219-223 ◽  
Author(s):  
Robert C. Dent ◽  
Fatih Karahan ◽  
Benjamin Pugsley ◽  
Ayşegül Şahin
Keyword(s):  
Life Cycle ◽  
Structural Transformation ◽  
Firm Dynamics ◽  
Firm Level ◽  
The Past ◽  
Level Data ◽  
Firm Level Data ◽  
The U.S

The U.S. economy has been going through a striking structural transformation--the secular reallocation of employment across sectors--over the past several decades. We propose a decomposition framework to assess the contributions of various margins of firm dynamics to this shift. Using firm-level data, we find that at least 50 percent of the adjustment has been taking place along the entry margin, due to sectors receiving different shares of startup employment than their employment shares. The rest is mostly due to life cycle differences across sectors. Declining overall entry has a small but growing effect of dampening structural transformation.

Do Older Workers Lower IT-Enabled Productivity?

2009 ◽  
Vol 229 (2-3) ◽  
Author(s):  
Irene Bertschek ◽  
Jenny Meyer
Keyword(s):  
Empirical Evidence ◽  
Age Structure ◽  
Significant Relationship ◽  
Older Workers ◽  
Labour Productivity ◽  
Computer Users ◽  
Firm Level ◽  
Level Data ◽  
Production Function Approach ◽  
Firm Level Data

SummaryThe paper provides empirical evidence for the question whether firms’ IT-enabled labour productivity is affected by the age structure of the workforce. We apply a production function approach with heterogenous labour to firm-level data from German manufacturing and services industries. We find that workers older than 49 are not significantly less productive than prime age workers, whereas workers younger than 30 are significantly less productive than prime age workers. Older workers using a computer are significantly more productive than older non-computer users. The positive and significant relationship between labour productivity and IT intensity is not affected by the proportion of older workers.

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