排序方式: 共有14条查询结果,搜索用时 15 毫秒
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This paper examines how and why the role of small business has become more important over time. A special focus is placed on the role of small business in the New Economy. 相似文献
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This article provides a microfoundation for the rise in optimism that seems to precede market crashes. Small, young markets are more likely to experience stock‐price run‐ups and crashes. We use a Zeira–Rob type of model in which demand size is uncertain. Optimism then grows rationally if traders' prior distribution over market size has a decreasing hazard. Such prior beliefs are appropriate if most new markets are duds and only a few reach a large size. The crash occurs when capacity outstrips demand. As an illustration, for the period 1971–2001 we fit the model to the Telecom sector. 相似文献
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We study an economy in which firms use labor and various vintages of capital in a CES production function for the final good. We explicitly solve for the investment in capital of a given vintage as a function of its age, and for the resulting stocks of capital. We show that for reasonable parameter values, inverted-U-shaped dynamics of investment and S-shaped dynamics for capital arise in equilibrium. We view the model as an explanation of intra-firm adoption lags, i.e., the observation that firms adopt innovations over time and not instantaneously. 相似文献
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Boyan Jovanovic 《Small Business Economics》1994,6(3):185-191
When both management skills and labor skills differ in the population, the nature of firm formation can differ radically from the equilibrium we are used to dealing with: The best potential managers could end up as wage workers. This happens when managerial skills are positively correlated with working skills, and there is some empirical evidence that this is indeed the case. 相似文献
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The rise in world trade since 1970 has been accompanied by a rise in the geographic span of control of management and, hence, also a rise in the effective international mobility of labor services. We study the effect of such a globalization of the world?s labor markets. The world?s welfare gains depend positively on the skill-heterogeneity of the world?s labor force. We find that when people can choose between wage work and managerial work, the worldwide labor market raises output by more in the rich and the poor countries, and by less in the middle-income countries. This is because the middle-income countries experience the smallest change in the factor-price ratio, and where the option to choose between wage work and managerial work has the least value in the integrated economy. Our theory also establishes that after economic integration, the high skill countries see a disproportionate increase in managerial occupations. Using aggregate data on GDP, openness and occupations from 115 countries, we find evidence for these patterns of occupational choice. 相似文献
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Institutional investors can play a special role in corporate governance reform given their dual status as both objects and subjects of corporate governance. In transition economies these investors can turn into an obstacle to good governance practices because of inconsistency of their strategy with the reform goals, internal mechanisms of corporate control precluding equitable treatment of shareholders, and serious problems with transparency and disclosure. The expected positive role of institutional investors as subjects of corporate governance may be problematic if they adopt a strategy of accommodation with the anti-reform status quo. 相似文献
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聚焦于生态旅游,通过讨论其在建立国家公园体制中的意义和作用,总结得出生态旅游是国家公园实现绿色可持续发展的必经之路和最重要的方式。生态旅游发挥的价值和效益,促使国家公园在保护自然生态系统原真性、完整性的同时,也确保了区域经济的可持续增长,提高了一定范围内社区居民的生活水平及质量。最后,从坚持保护第一、丰富体验方式、创新经营管理、提升服务能力、协调全域旅游以及健全法律法规等六个方面建议了国家公园开展生态旅游的实现路径,以期为推进国家公园体制建设、实现游憩利用这一重要功能提供理论依据。 相似文献
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While aggregate data do not show the investment echoes predicted by vintage-capital models, echoes arise in rates of entry and exit of firms at the industry level. Moreover, industries where prices decline rapidly experience early ‘shakeouts’. The relation emerges naturally in a vintage-capital model in which exit of firms sometimes accompanies the replacement of their capital, and in which a shakeout is the first replacement ‘echo’ of the capital created when the industry is born. 相似文献
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