Relevant bibliographies by topics / Firm dynamic

Academic literature on the topic 'Firm dynamic'

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Published: 9 March 2023
Last updated: 10 March 2023

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Journal articles on the topic "Firm dynamic"

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Manral, Lalit. "An evolutionary theory of demand-side determinants of strategy dynamics." Management Research Review 41, no. 3 (March 19, 2018): 314–44. http://dx.doi.org/10.1108/mrr-08-2017-0249.

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Purpose This paper aims to explain how the dynamic demand environment influences strategic firm behavior along an industry’s evolutionary path. A conceptual gap concerning the influence of demand-side environmental factors (vis-à-vis changes in technology and policy) on firms’ strategic choices motivates the theory developed herein. The paper’s contribution to the literature on “evolutionary perspective in strategy” also addresses an important gap in the emerging literature on “strategy dynamics”. Design/methodology/approach The conceptual framework in this paper features a dynamic demand environment that provides the structural context for firms’ strategic choices. It conceptualizes demand-side competence as a mediating firm-specific construct to explain the endogenous relationship between the characteristics of the demand environment and firms’ path dependent demand-side investments. Findings A review of the literature on evolutionary perspective in strategy reveals an important conceptual gap concerning the structural determinants of dynamic firm behavior. There is no explanation of the endogenous relationship between dynamic demand structure, firms’ dynamic demand-side competence, and temporally heterogeneous strategic choices. Originality/value The demand-side explanation of how idiosyncratic firm behavior is endogenously determined, with both structural characteristics (demand structure) and firm competences (demand-side competence), addresses an important conceptual gap. The novelty of the theory developed herein lies in its explication of the effect of dynamic demand environment on the evolution of idiosyncratic strategic firm behavior – entry, investment and exit – along the evolutionary path of an industry. The theory developed herein not only explains the effect of both determinants of idiosyncratic strategic firm behavior – the external industry environment (dynamic market structure) and internal firm environment (dynamic firm competences) – but also explains how the determinants evolve along the industry’s lifecycle.
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A. DeFusco, Richard, Lee M. Dunham, and John Geppert. "An empirical analysis of the dynamic relation among investment, earnings and dividends." Managerial Finance 40, no. 2 (January 7, 2014): 118–36. http://dx.doi.org/10.1108/mf-04-2013-0090.

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Purpose – The purpose of this paper is to examine the dynamic relationships among investment, earnings and dividends for US firms. The sample period is 1950-2006. Design/methodology/approach – The authors use a firm-level vector auto-regression (VAR) framework to examine the firm-level dynamics among investment, earnings and dividends. The firm-level VAR yields Granger causality results, impulse response functions, and variance decompositions characterizing the dynamics of these three variables at the firm level. Findings – For the average firm in the sample, Miller and Modigliani dividend policy irrelevance is not supported, even in the long run; the shocks to dividends do have long-run consequences for investment and vice versa. Dividend changes are an ineffective signal of future earnings in both the short and long-term. The cost of an increased dividend is on average an immediate decrease of $3 in investment for every dollar increase in dividends and the effect is persistent up to six years after the increase in dividends. Research limitations/implications – The firm-level VAR used in the study requires that sample firms have long histories of investment, earnings and dividend data. The study addresses the interaction between dividends and investment and therefore necessitates examining dividend-paying firms. By the nature of the research question, the sample firms will not be representative in all respects to the universe of firms. The most striking difference between the sample and the universe of firms is firm size. As such, the study's conclusions are most applicable to larger, stable, dividend-paying firms. The study is also limited to dividend payout. Alternative payout policies, such as share repurchases, are not considered in this work. Practical implications – In theory, increases in dividends can signal higher future earnings; however, the evidence does not support this hypothesis. When capital markets are constrained or incomplete, increases in dividends come at a cost to investment. Firms should consider alternative methods of signaling future earnings that have less of an impact on investment. Investors should carefully evaluate the possible impact of an increase in dividends on investment and future earnings growth. Originality/value – This study is the first to examine the dynamics of earnings, dividends and investment at a firm level and over such a long sample period. By including the dynamics of earnings, the authors emphasize the potential opportunity costs that increasing dividends has on investment when capital markets are imperfect. The dynamic system also allows the authors to consider long-run effects as well as immediate responses to system shocks.
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van de Wetering, Rogier, Tom Hendrickx, Sjaak Brinkkemper, and Sherah Kurnia. "The Impact of EA-Driven Dynamic Capabilities, Innovativeness, and Structure on Organizational Benefits: A Variance and fsQCA Perspective." Sustainability 13, no. 10 (May 12, 2021): 5414. http://dx.doi.org/10.3390/su13105414.

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Enterprise Architecture (EA) allows firms to create value on the firm and operational levels. This paper argues that firms’ EA-driven dynamic capabilities lead to innovative value-creating actions and, ultimately, improve organizational benefits. Hence, we propose a theoretical model that explains how these dynamic capabilities enable the innovativeness of firms. Moreover, we explain the contingent role of an organic firm structure and its relation to firm innovativeness. Data within this study is collected from 299 CIOs and IT managers. This study uses a variance-based approach and a complementary fuzzy-set qualitative comparative analysis (fsQCA) to analyze the model’s hypothesized relationships. Our study outcomes demonstrate a positive relationship between EA-driven dynamic capabilities and firms’ innovativeness as well as between innovation and organizational benefits. Our post-hoc analyses using fsQCA reveal various circumstances in which organic firm structure and valuable, rare, inimitable, and non-substitutional (VRIN) firm resources are particularly relevant for firms to obtain high levels of firm innovativeness.
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Choi, Suk Bong, Wang Ro Lee, and Seung-Wan Kang. "Entrepreneurial Orientation, Resource Orchestration Capability, Environmental Dynamics and Firm Performance: A Test of Three-Way Interaction." Sustainability 12, no. 13 (July 4, 2020): 5415. http://dx.doi.org/10.3390/su12135415.

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This study investigated the effect of entrepreneurial orientation on firm performance with the firm resource orchestration capability and environmental dynamics in moderating roles. Using survey data collected from 301 Korean manufacturing and service firms, we devised a three-way interaction model to uncover the complex and dynamic conditions that maximize the effect of entrepreneurial orientation on firm performance. We found a positive association between entrepreneurial orientation and firm performance. Moreover, our findings indicated that both the firm resource orchestration capability and environmental dynamics played positive moderating roles in the above relationship. The results also showed that, in the case of a high level of environmental dynamics, entrepreneurial orientation was more positively related to firm performance for firms with a high resource orchestration capability. In addition, in the case of low resource orchestration capability, entrepreneurial orientation was associated more positively with firm performance for firms with high environmental dynamics. Thus, this study confirmed the importance of interaction between the three factors for enhancing firm performance. Furthermore, our investigation of substantial moderators provided key insights regarding the conditions that better explain how entrepreneurial orientation promotes firm performance. In addition to two-way interaction, the support for a three-way interaction suggests that moderators of the relationship interact to further explain the relationship. The theoretical and practical implications are discussed.
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Li, Hao, Xi Yang, Yu Tu, and Ting Peng. "Two-Period Dynamic versus Fixed-Ratio Pricing Policies under Duopoly Competition." Mathematical Problems in Engineering 2019 (March 28, 2019): 1–11. http://dx.doi.org/10.1155/2019/6567952.

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This paper introduces a two-period, pricing policy under duopoly competition between two firms offering an identical product to consumers who are intertemporal utility maximization. Firms have equal inventories of faultlessly replaceable and perishable products. The firms adjust prices to maximize profits and determine optimal pricing policies, choosing from dynamic pricing, fixed-ratio pricing, and elastic pricing policies. According to a duopoly competition model, the consumer is limited to a single firm visit per period. The consumer decides to purchase the product at current price from a firm and remain in the market to purchase product from the other firm in the next period or exit the market. The results offer three main conclusions. First, elastic pricing is consistent with dynamic pricing. Second, the more consumers visit the firm in the first period, the more profits the firm will make. Third, we explore the effectiveness of different pricing policies. The results show that although dynamic pricing is a more complex policy than fixed-ratio pricing, it may lead to decreased equilibrium profits when the firms sharply discounts prices and consumer rationality is unlimited.
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Zhou, Steven S., Abby J. Zhou, Junzheng Feng, and Shisong Jiang. "Dynamic capabilities and organizational performance: The mediating role of innovation." Journal of Management & Organization 25, no. 5 (April 17, 2017): 731–47. http://dx.doi.org/10.1017/jmo.2017.20.

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AbstractHow firms’ dynamic capabilities lead to their competitive advantage and improved firm performance has been a core issue and full of debates. In this research, we theorize that dynamic capabilities, which could be defined by three distinct dimensions (sensing capability, integration capability, and reconfiguration capability), facilitate different types of innovation that in turn improve firm performance. Based on a sample of 204 Chinese firms, results from partial least squares structural equation modeling analyses generally support our arguments despite some nuanced differences existing among different dimensions of dynamic capabilities. This study contributes to dynamic capabilities literature by reducing the scarcity of empirical research and by uncovering the mechanisms through which dynamic capabilities influence firm performance.
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Chen, Kun, Xin Li, Peng Luo, and J. Leon Zhao. "News-Induced Dynamic Networks for Market Signaling: Understanding the Impact of News on Firm Equity Value." Information Systems Research 32, no. 2 (June 2021): 356–77. http://dx.doi.org/10.1287/isre.2020.0969.

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Public news provides rich information about firm operations and market dynamics. Learning about firm interactions from news is commonly done by human investors but has not been realized by automatic methods, leading to a research opportunity in market signaling via dynamic firm relations. This study proposes a new text-mining approach to extract cobenefit/counter-benefit networks based on firms’ mutual or conflicting interests in business events. It reveals that the extracted dynamic networks provide additional value in predicting firm equity value over current adopted supply chain and coindustry networks, after controlling for market activities and other traditional indicators from news, such as volume, sentiment, and comentions. In practice, such cobenefit/counter-benefit networks provide good buy and sell signals, which enrich known indicators and support more complex trading strategies in investment and portfolio management. The analysis and visualization of the extracted cobenefit/counter-benefit networks are also useful in understanding the structure of the economy and assessing firm/industry changes in a timelier fashion.
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COLEMAN, SUSAN, and DAFNA KARIV. "GENDER, PERFORMANCE AND FINANCIAL STRATEGY: A DYNAMIC CAPABILITIES PERSPECTIVE." Journal of Developmental Entrepreneurship 18, no. 03 (September 2013): 1350020. http://dx.doi.org/10.1142/s1084946713500209.

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This article explores the impact of financial strategy, by gender, on firm performance using data from the Panel Study of Entrepreneurial Dynamics (PSED). Our findings reveal that financial strategies do have an impact on performance and that female and male entrepreneurs use different financial strategies. Our findings also show no significant performance differences in female- versus male-owned firms in the earliest years of the firm, although significant differences did emerge in the later years. Finally, our findings attest to the dynamic and "cumulative" effect of financial strategy.
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Hermano, Víctor, Natalia Martin-Cruz, and Javier Pajares. "The effect of project management dynamic capabilities on firm performance." Baltic Journal of Management 17, no. 2 (January 14, 2022): 266–84. http://dx.doi.org/10.1108/bjm-06-2021-0218.

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PurposeThe purpose of the paper is to shed light on the output of project management (PM) dynamic capabilities Specifically, the study investigates what effect PM dynamic capabilities have on company performance, both directly and indirectly, through the mediation effect of project and portfolio performance. Additionally, it tests whether program performance might also mediate the relationship.Design/methodology/approachThe hypotheses were tested using partial least squares with a sample of 63 international firms that engage in projects globally.FindingsThe main finding of this research is that PM dynamic capabilities do not influence firm performance directly but do so indirectly by increasing firms' performance in projects, programs and portfolios. Both project and portfolio performance have a mediation effect on the relationship between dynamic capabilities and firm performance, but portfolio performance absorbs all this effect when the two performances are in the model.Originality/valueThis paper sheds light on the link between dynamic capabilities and firm performance. It tests the real outcome of dynamic capabilities by making an explicit distinction between firm performance at three intermediate levels (project, program and portfolio) and overall firm performance. Moreover, it opens the black box of dynamic capabilities and empirically operationalizes the theoretical model of sensing-seizing-transforming as the three constituting routines of dynamic capabilities.
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Shao, Lin. "Dynamic study of corporate governance structure and firm performance in China." Chinese Management Studies 13, no. 2 (June 3, 2019): 299–317. http://dx.doi.org/10.1108/cms-08-2017-0217.

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Purpose The paper aims to provide a comprehensive investigation of the relationship between corporate governance (CG) structure and firm performance in Chinese listed firms from 2001 to 2015. The authors’ motivation derives from the fact that the CG system in China is different from those in the US, the UK, Germany, Japan and other countries. Design/methodology/approach A large unbalanced sample, covering more than 22,700 observations in Chinese listed firms, was used to explore, by means of a system-generalized method-of-moments (GMM) estimator, the relationship between CG structure and firm performance to remove potential sources of endogeneity. Findings Results show that Chinese CG structure is endogenously determined by the CG mechanisms investigated: there is no relationship between board size (including independent directors) and firm performance; CEO duality has a significantly negative effect on firm performance; concentration of ownership has a significantly positive influence on firm performance; managerial ownership is negatively correlated with firm performance; state ownership has a significantly positive effect on firm performance; and a supervisory board is positively correlated with firm performance. Practical implications The findings provide policymakers and firm managers with useful empirical guidance concerning CG in China. Originality/value Few integrative studies have examined the impact of CG structure on firm performance in China. This study adds new empirical evidence that the relation between CG structure and performance in China is endogenous and dynamic when controlling for unobserved heterogeneity, simultaneity, and dynamic endogeneity.
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Dissertations / Theses on the topic "Firm dynamic"

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Schwartz, Tamara. "A DYNAMIC CYBER-BASED VIEW OF THE FIRM." Diss., Temple University Libraries, 2019. http://cdm16002.contentdm.oclc.org/cdm/ref/collection/p245801coll10/id/560827.

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Business Administration/Strategic Management
D.B.A.
Technology, perceived by many organizations to be a tool, has evolved from a set of tools, to a location in which many companies have located their key terrain through digitization. That location is cyberspace, an inherently compromised, hostile environment, marked by rapid change and intense competition. It is analogous to a dark alley lined with dumpsters and shadowy doorways with numerous people seeking to challenge organizational objectives. Despite the prevalence of digitization, which has transformed the organization from an anthropological manifestation to a cyborg construction, there does not currently exist a strategic view of the firm which explores the integration of the organization and cyberspace. This paper conceptualizes the Cyber-Based View of the Firm, a dynamic view designed to capture the complex interactions between people, technology, and data that enable cyberattack. A meta-analysis of current theory frames the research gap into which the Cyber-Based View fits. This meta-analysis, in conjunction with an exploratory case study of the Stuxnet attack, identified the need for physical mediation of the cognitive – informational interaction. Finally, the Cyber-Based View was used as a forensic tool to conduct a qualitative multi-case study. Using a failure autopsy approach, eight events were developed into case studies by examining, coding, and recombining the narratives within the qualitative data. A pattern matching technique was used to compare the empirical patterns of the case studies with the proposed patterns of the research construct, providing strong evidence of model validity.
Temple University--Theses
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Dousios, Dimitrios. "Entrepeneurial strategy making, dynamic capabilities & small firm growth." Thesis, University of East Anglia, 2010. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.539351.

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Theory on entrepreneurship suggests that the relationship between an entrepreneurial orientation and firm performance is positive. In explaining performance, entrepreneurship researchers have focused on its financial aspects, paying less attention on firm growth as a nonfinancial performance dimension. Moreover, when attempting to depict influences that reinforce this relationship, research attention emphasizes factors external to the firm, thus neglecting the effects of internal firm characteristics. In parallel, the resource based view, focusing on the nature and characteristics of internal firm assets, proclaims that the basis for achieving sustainable performance is related to the capacity to develop dynamic capabilities. As the debate on these higher order assets is emerging, the present study attempts to investigate their nature and performance implications by taking into account the unique physiognomy of small firms, presenting dynamic capabilities as aspects of firms' flexibility. Moreover, this study examines their complementary effects on the entrepreneurial orientation - small firm growth relationship, in terms of their moderating and collective effects. Drawing from a sample of 143 Greek small firms, analysis demonstrated that: a) an entrepreneurial orientation contributes to small firm growth, b) dynamic capabilities have positive effects on small firm growth, c) the entrepreneurial orientation - small firm growth relationship is influenced by dynamic capabilities and d) speed of responsiveness emerges as the most fundamental dynamic capability both in terms of its direct effects to performance as well as its moderating effect on the entrepreneurial orientation - small firm growth relationship. These results contribute to the entrepreneurship literature by demonstrating a unified picture that depicts a series of key competencies, offering a conceptual and empirical path to better understand the uniqueness of smaller organisations
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Patwardhan, Abhijit. "Strategic orientation, organization learning, holistic firm-level marketing capability and firm performance : a dynamic capabilities view /." Full text available from ProQuest UM Digital Dissertations, 2009. http://0-proquest.umi.com.umiss.lib.olemiss.edu/pqdweb?index=0&did=1913289451&SrchMode=1&sid=1&Fmt=2&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1278520813&clientId=22256.

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Darendeli, Izzet Sidki. "AN INVESTIGATION OF FIRM RESPONSES TO RAPID VS. CONTINUOUS INSTITUTIONAL CHANGE: DYNAMIC VIEW OF FIRM PERFORMANCE AT POST-ENTRY." Diss., Temple University Libraries, 2015. http://cdm16002.contentdm.oclc.org/cdm/ref/collection/p245801coll10/id/333881.

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Business Administration/Strategic Management
Ph.D.
This dissertation consists of three essays broadly centering on external changes and how organizations respond to these change by altering themselves. My investigations focus on knowledge transfer and innovation related firm responses with an emphasis on firms’ especially, Multinational Enterprises’ (MNEs) market strategies such as ownership, governance and location choices and their non-market strategies such as political networking and stakeholder management. I'm particularly interested in emerging countries and the changing institutional environment in those contexts. To study changes occurring in different speeds and varying firm responses to them, I have hand-collected longitudinal datasets for different industries and employed both qualitative and quantitative methodologies: my datasets covers both moderately-dynamic industries such as multinational construction and retailing and as well as more knowledge-intensive industries such as multinational pharmaceutical, electronics and computer & software industries. Chapter 1: MNE Legitimacy in the Eyes of the People: Insights from Libya about Surviving Association with an Overthrown Regime In the first chapter, I investigate how firms respond to changes that are less-anticipated and takes place in a rapid fashion. Differentiating between the learning that MNEs accumulate at the host-countries and related learning they transfer from similar locations, this paper is built upon and extend theories about how MNEs, cope with institutional voids and transitions in relation to their political connections, corporate social responsibility strategies and interactions with stakeholders in the emerging countries. In order to do so, I conducted an in-depth qualitative study on how different MNEs with different interaction levels to the Gaddafi Regime, society, tribes and the new government in Libya were affected by the Arab Spring. In this paper, using the Arab Spring as a natural experiment and employing Qualitative Comparative Analysis (QCA) and Fuzzy-set methodology, we build new theory on how MNEs can survive and even thrive during times of fast institutional transitions. We introduce “the legitimacy of the government” as an alternative measure of host-country political environment assessment and suggest that MNEs that deepened, broadened and expanded their political connections and strategies to multiple political actors and complemented them with CSR related activities fare better major institutional changes at the host countries. In addition, the results suggest that host-country only specific learning can lock-in MNEs not to see the changing “tea leaves” if they don't complement it with their recent related experiences from their operations other countries. Chapter 2: The Effect of Different Post-Entry Experiences on Changing Market Entry Choices The second chapter focuses on post-entry operations of multinational retail firms that are required to offer a standardized service for an effective knowledge redeploying, but also need to recombine their HQ knowledge with the knowledge that the subsidiaries possess, to ensure adaptation to the local conditions at the same time. The change, now being the multiple uncertainties related with multinational retail chains’ internationalization into different locations, I first analyze how these firms decide on efficient firm boundaries and positioning after their entry into the host countries, and then investigate effects of these post-entry choices on their performance at the host-countries. Constructing a novel data-set of MNEs post-entry commitments in the host countries, my study reviews MNEs’ behavior after they have entered a foreign country and individually tracks their alteration of its ownership and retail format changes over time within that country starting from 1975 and until 2013. This paper provides a more process-based understanding of MNEs’ choices and strategies at the host countries, which extends the scant literature on mode-dynamics. The empirical results show that; MNEs are more likely to change their governance modes after the negative initial performance rather than after the positive initial performance, however, they tend to act completely in the reverse fashion for their decisions regarding changing their initial format choices at post-entry. I also show that the MNEs that change these initial market entry choices regardless of the initial performance have higher probability of survival at the host countries at post-entry, controlling for the dissimilarity between the home and the host countries and after taking into consideration of the possible selection effect of initial market entry decisions. Chapter 3: Differential Effects of Local, Foreign Firms and Supra-National Institutions on the Pace of Institutional Change in Developing Countries In the third chapter, I track changes in local innovation process and IP regime at the same time in the knowledge intensive patent areas such as pharmaceuticals, computer, software and electronics in developing countries. My focus is on Trade Related Intellectual Property Standards (TRIPS) agreement which was signed between developed and developing countries that made it compulsory in emerging countries the protection of product patents along with the process patents. Developing countries were given a 10-year allowance until January 1, 2005, in order to bring their patent system into line with TRIPS obligations as well as other flexibilities. Interestingly, while some of the developing countries such as India used these flexibilities and waited until the end of the 10-year allowance, some countries such as Brazil, Korea and Turkey ratified the TRIPS agreement and put the new regulations into action right away. We explain the variation in developing countries’ rate of TRIPS compliance by new institutionalism and co-evolutionary perspectives, by presenting a framework that shows effects of different actors within innovation systems on different trajectory and rates of institutional change. The results indicate that higher composition of local firms result in slower change of the IP Regime in developing countries, while higher the Advanced Country Multinationals, faster the change. I also find that supranational institutions such as IMF moderate this relationship.
Temple University--Theses
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Nahapiet, Janine Elizabeth. "Towards a theory of the dynamic firm : knowledge, learning and social relationships." Thesis, London Business School (University of London), 2003. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.405963.

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Yinusa, Olumuyiwa. "Dynamic analysis of the impact of capital structure on firm performance in Nigeria." Thesis, De Montfort University, 2015. http://hdl.handle.net/2086/11389.

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The thesis examines the dynamic impact of capital structure on firm performance in Nigeria. The aims of this thesis are; first, to investigate the impact of capital structure of firms on their performance in a dynamic framework. This is unlike previous studies in the capital structure literature that have used static analysis. Second, to examine the dynamic feedback from performance to capital structure using the two-step system generalized method of moment estimator. Third, to explore the determinants or variables that influence capital structure choice of firms in Nigeria and the rate of adjustment to achieve optimal debt position. Fourth, to assess the possibility of non-monotonicity effect of capital structure on firm performance and non-monotonicity effect of performance on capital structure. The second chapter discusses the theoretical framework and review the empirical literatures on capital structure and firm performance. Also, the chapter review empirical literature on firm performance and capital structure as well as on determinants of capital structure. The study find much evidence in support of the theoretical prediction of the agency cost theory of capital structure. The stuudy observed that there are limited empirical studies on the franchise value and efficiency-risk hypotheses of reverse causality from performance to capital structure. The empirical literatures on determinants of capital structure suggests that both firm specific and country factors are important variables that drive capital structure choice of firms. The thrid chapter examines the methodology of the study. The population, sampling and sampling size, estimation methods were discussed in this chapter. The fourth chapter analysis and described the data employed in the study. Specifically, the results of the dynamic relationship between capital structure and firm performance were presented in this chapter. The results indicate that capital structure has non-monotonic effect on firm performance thereby supports the agency cost theory of capital structure. The fifth chapter provides results on the reverse causality between performance and capital structure. The findings indicate that there is reverse causality between performance and capital structure. This is evidence in the statistically significant negative finding between performance and capital structure. This finding support the franchise value hypothesis. The findings of this study also reveal that non-monotonic relationship exist between performance and capital structure. The sixth chapter provides results on the determinants of capital structure of Nigerian firms. The findings indicate that both firm specific variables (return on equity, risk, profitablity, age, size, tangibility, growth opportunities, dividend, ownership) and country variables (inflation, interest rates, credit to private sector as percentage of gross domestic product, institutional quality) jointly influence capital structure choice of firms in Nigeria. The findings equally indicate that firms in Nigeria adjust to their optimal debt target relatively faster with lower cost of adjustment because of better access to private debt that public debt. Conclusions from the empirical chapters indicate that firm specific and country factors are major determinants of capital structure of firms in Nigeria and that capital structure choice of firms influence their performance. Equally, there is evidence that indicate that there is reverse causality from performance to capital structure of firms. The study therefore contend that the agency cost theory of capital structure and franchise value hypothesis are portable in the Nigerian context. Full portability of these theories in emerging market like Nigeria may require modifications to accommodate specific peculiarities of operating and business environment of Nigeria.
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Hess, Andrew M. "Essays on dynamic capabilities the role of intellectual human capital in firm innovation /." Diss., Atlanta, Ga. : Georgia Institute of Technology, 2008. http://hdl.handle.net/1853/22593.

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Thesis (Ph. D.)--Management, Georgia Institute of Technology, 2008.
Committee Chair: Frank T. Rothaermel; Committee Member: J. Jeongsik Lee; Committee Member: John Walsh; Committee Member: Luis Martins; Committee Member: Matt Higgins.
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Senalp, Umut. "Essays on firm heterogeneity and international trade." Thesis, Loughborough University, 2015. https://dspace.lboro.ac.uk/2134/18811.

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This thesis provides four contributions to the literature on the productivity- internationalization nexus by considering some recent developments in the literature. A well-established stylized fact is reported by this literature, which is that exporters are more productive and larger than non-exporters, and two hypotheses attempt to explain this finding. The first, often referred to as the self-selection hypothesis, suggests that more productive firms select themselves into export markets, while the learning-by-exporting hypothesis highlights the role of learning from exporting. In this thesis, first, the self-selection hypothesis is revisited, and it is shown that evidence against self-selection exists in some UK industries. Second, it is demon- strated that some UK firms experience rising marginal costs, although both tra- ditional and new trade theories assume constant marginal cost. It is then shown that the evidence against self-selection that we report can be best explained by the existence of increasing, rather than constant, marginal costs. Third, the learning by exporting hypothesis is tested empirically for UK firms. Highlighting the importance of the scale effect in total factor productivity growth, it is shown that any learning by exporting effects are predominantly attributable to a change in scale efficiency. Unlike Melitz (2003), some recent studies consider some other strategies to access foreign markets, such as foreign direct investment, and cross-border mergers. Finally, following this new branch of the literature, the productivity-internationalization nexus is examined by utilizing a two-country oligopolistic model. It is shown that more productive firm might prefer greenfield investment over cross-border merger, which contradicts the findings provided by the relevant literature.
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Jiang, Yuting. "Two Essays about Agglomeration Dynamics and Firm Economic Performance." Doctoral thesis, Università degli studi di Padova, 2019. http://hdl.handle.net/11577/3424835.

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There is a long history of research about agglomeration economies in economic geography and regional economics. Researchers have tried and still trying to answer to questions such as does spatial clustering still matter today? how it evolves? which are their determinants? how agglomeration externalities affect the economic performance of regions and firms? The empirical literature on agglomeration economies focus on two main topics. The first is about the sources of geographic concentration of economic activities. The second is related to the effects of spatial agglomeration on firm economic performance. Research about the determinants of agglomeration economies can be date back to Marshall (1920), which identified three different sources: input sharing, labor market pooling and knowledge spillovers. Apparel manufacturer in New York is an example of input sharing, since firms can purchase a variety of relatively cheap buttons from nearby button manufacturing firms. A software company in Silicon Valley can quickly hire one skilled programmer. Meanwhile, a skilled programmer living in Silicon Valley can easily find a new job in this cluster without moving to another place. This is a good example of labor market pooling, which reduces the searching costs for both employees and employers, as well as improves the matching quality. An example of knowledge spillovers can be the random interaction between people working in similar fields who exchange tacit knowledge with each other. Research about the effects of spatial agglomeration on firm economic performance is more recent. Generally it refers to the effects of spatial agglomeration and thus of different types of local externalities on firms’ economic performance, that is whether location within an agglomerated area generates positive returns on the economic performance of firms and, consequently, of the economic dynamisms and growth of regions. This thesis intends to move along this line of research, specifically, try to contribute to this debate in two directions: [1] investigating the temporal dynamics of spatial agglomeration in the Italian manufacturing industry; [2] analysing the relationship between related variety and firm economic performance in China. In general, the thesis is a collection of two empirical studies dealing with spatial agglomeration from two different perspectives. The first chapter of this thesis, “Agglomeration over time”, which is co-authored with Giulio Cainelli (University of Padova) and Roberto Ganau (University of Padova and LSE), is aimed to investigate the space-time agglomeration dynamics that characterised the manufacturing industry during the recent period of the Great Recession. Specifically, the analysis uses a large sample of geo-referenced single-plant manufacturing firms observed over the period 2007-2012 and located in the Italian continental territory to explore the spatial and temporal dimensions of clustering processes, as well as their potential interaction. The empirical analysis is carried out by adopting three different statistical approaches. First, the index of industrial geographic concentration proposed by Ellison and Glaeser (1997). Second, the spatial K-function, originally proposed by Ripley (1976) in the context of spatial points pattern analyses. Third, the space-time K-function, that has been proposed by Diggle et al. (1995) as an extension of the univariate spatial K-function in order to analyse simultaneously the spatial and temporal dimensions of spatial points processes, as well as their potential interaction. The analysis based on EG index highlights the existence of heterogeneity in spatial agglomeration between different industries, but this region-based measure suffers from MAUP problem. To correct the MAUP, we introduce spatial point process method-K function,as well as M-function, which relying on micro-geographic data, rather than pre-defined spatial area, to test firm location patter against Completely Spatial Randomness (CSR). To address the dynamic process that evolve both over space and time, we apply space-time K-function, and some statistical diagnostics, to test the potential interaction between these two dimensions. By space-time analysis, we empirically confirm that, different space-time processes can lead to the spatial patterns which look the same. No significant interaction between spatial and temporal processes, which could be the short period we observe. The second chapter of the thesis “Related Variety and Economic Growth at Firm Level in China”, which is a single-authored paper, aims at investigating the effect of related and unrelated variety on firm level economic growth in China. As empirical results of MAR externalities and Jacobs externalities impact on economic growth are various and inconclusive. Related variety and unrelated variety, a new entropy method proposed by Frenken et.al.(2007), which focuses on the structure inside industry, was applied in this chapter. Basically, firm economic proportional growth specification-Gibrat’s Law, is extended including these two agglomeration externalities-which sectoral diversity is split into related and unrelated variety for distinguishing between sectors with cognitive or technology proximity, with a sample of 84,868 Chinese firms operating in manufactory industry observed during the period 2006-2013. Recent studies about related variety and economic growth, which indeed is the main reason for regional growth, most empirical papers are about developed countries, studies about developing countries are rare. This chapter contributes an empirical study about this debate in a typical developing country, and to our knowledge, it’s the first paper analysis Chinese firms economic growth within related variety framework; besides it’s a firm level empirical research with historical data during 2006-2013, a transformation period for China, with rapid economic development and technological innovation. The results show that, correcting only for sample-selection, unrelated variety has a negative and statistically significant impact. Accounting also for the endogeneity of the two main explanatory variables – related and unrelated variety –the negative effect of unrelated variety becomes insignificant. A positive effect for related variety and negative for unrelated variety is detected only when we consider high-developed Chinese regions. Finally, a positive effect of related variety is identified for large firms.
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MEMBRETTI, MARCO. "Firm size and the Macroeconomy." Doctoral thesis, Università degli Studi di Milano-Bicocca, 2023. https://hdl.handle.net/10281/403956.

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La tesi è formata da due capitoli su dinamica della distribuzione delle imprese e shock aggregati. Usando un modello ad imprese eterogenee, la tesi studia le fluttuazioni di ciclo economico dovute a shock alla tecnologia ed ai costi in entrata.
This dissertation collects two essays on firm size dynamics and aggregate shocks. By employing a model with heterogeneous firms, search frictions and endogenous entry/exit we investigate the business cycle dynamics of the firm size distribution by looking at entry cost and technology shocks. The thesis is divided into two chapters.\\ The first chapter explores how an increase in entry costs affects the size of new entrants and the concentration of employment according to firm size, along with its effects on macro-variables such as unemployment and the exit rate. To this aim we use a BVAR model to estimate the response of such variables to an entry cost shock, then we develop a heterogeneous-firm model with search frictions and endogenous entry/exit dynamics calibrated on data from Business Dynamics Statistics (BDS) database to address our empirical results.\\ We find that positive entry cost shocks increase the average size of entrants and move employment shares toward the largest firms. These results reveal the role of entry costs' fluctuations in explaining the dynamics at business cycle horizons of both firm and employment share distributions according to size.\\ The second chapter perturbed the model with a technology shock to replicate the long-run differential of job destruction due to exit between small and large firms and its empirical response to technology shocks (estimated by a BVAR). Contrary to frameworks with \textit{exogenous} exit, the model is able to account for the volatility of exit and the differential of job destruction due to exit between small and large firms conditional to the technology shock. Moreover we find that not only entry but also exit is a viable amplification channel for the response of unemployment to the shock.\\
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Books on the topic "Firm dynamic"

1

Batterson, Robert A., Kenneth W. Chilton, and Murray L. Weidenbaum, eds. The Dynamic American Firm. Boston, MA: Springer US, 1996. http://dx.doi.org/10.1007/978-1-4613-1313-7.

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W, Chilton Kenneth, Weidenbaum Murray L, and Batterson Robert, eds. The dynamic American firm. Boston: Kluwer Academic Publishers, 1996.

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Örjan, Sölvell, and Zander Ivo, eds. The dynamic multinational firm. Armonk, N.Y: M.E. Sharpe, 1995.

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van Hilten, Onno, Peter M. Kort, and Paul J. J. M. van Loon. Dynamic Policies of the Firm. Berlin, Heidelberg: Springer Berlin Heidelberg, 1993. http://dx.doi.org/10.1007/978-3-642-77884-1.

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Blok, Mark W. J., and A. T. Kearney. Dynamic Models of the Firm. Berlin, Heidelberg: Springer Berlin Heidelberg, 1996. http://dx.doi.org/10.1007/978-3-642-48401-8.

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Furlong, Niall J. A dynamic simulation model of a small manufacturing firm. Dublin: University College Dublin, 1996.

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van Schijndel, Geert-Jan C. Th. Dynamic Firm and Investor Behaviour under Progressive Personal Taxation. Berlin, Heidelberg: Springer Berlin Heidelberg, 1988. http://dx.doi.org/10.1007/978-3-642-46637-3.

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Kort, Peter M. Optimal Dynamic Investment Policies of a Value Maximizing Firm. Berlin, Heidelberg: Springer Berlin Heidelberg, 1989. http://dx.doi.org/10.1007/978-3-642-48904-4.

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Kari, Seppo. Dynamic behaviour of the firm under dual income taxation. Helsinki]: Helsinki School of Economics and Business Administration, 1999.

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Schijndel, Geert-Jan C. Th. van. Dynamic firm and investor behaviour under progressive personal taxation. Berlin: Springer-Verlag, 1988.

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Book chapters on the topic "Firm dynamic"

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Hannon, Bruce, and Matthias Ruth. "The Competitive Firm." In Dynamic Modeling, 261–66. New York, NY: Springer New York, 2001. http://dx.doi.org/10.1007/978-1-4613-0211-7_24.

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Hannon, Bruce, and Matthias Ruth. "The Monopolistic Firm." In Dynamic Modeling, 267–75. New York, NY: Springer New York, 2001. http://dx.doi.org/10.1007/978-1-4613-0211-7_25.

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Hannon, Bruce, and Matthias Ruth. "The Competitive Firm." In Dynamic Modeling, 141–45. New York, NY: Springer US, 1994. http://dx.doi.org/10.1007/978-1-4684-0224-7_20.

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Hannon, Bruce, and Matthias Ruth. "The Monopolistic Firm." In Dynamic Modeling, 146–53. New York, NY: Springer US, 1994. http://dx.doi.org/10.1007/978-1-4684-0224-7_21.

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Hannon, Bruce, and Matthias Ruth. "The Competitive Firm." In Dynamic Modeling, 141–45. Berlin, Heidelberg: Springer Berlin Heidelberg, 1994. http://dx.doi.org/10.1007/978-3-662-25989-4_20.

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Hannon, Bruce, and Matthias Ruth. "The Monopolistic Firm." In Dynamic Modeling, 146–53. Berlin, Heidelberg: Springer Berlin Heidelberg, 1994. http://dx.doi.org/10.1007/978-3-662-25989-4_21.

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van Schijndel, Geert-Jan C. Th. "Models of Dynamic Firm Behaviour." In Lecture Notes in Economics and Mathematical Systems, 9–39. Berlin, Heidelberg: Springer Berlin Heidelberg, 1988. http://dx.doi.org/10.1007/978-3-642-46637-3_2.

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Wohlgenant, Michael K. "Dynamic Models of the Firm." In Palgrave Studies in Agricultural Economics and Food Policy, 191–211. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-73144-1_10.

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Ruth, Matthias, and Bruce Hannon. "The Profit-Maximizing Competitive Firm." In Modeling Dynamic Economic Systems, 120–26. New York, NY: Springer New York, 1997. http://dx.doi.org/10.1007/978-1-4612-2268-2_11.

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Ruth, Matthias, and Bruce Hannon. "The Profit-Maximizing Competitive Firm." In Modeling Dynamic Economic Systems, 117–22. Boston, MA: Springer US, 2012. http://dx.doi.org/10.1007/978-1-4614-2209-9_11.

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Conference papers on the topic "Firm dynamic"

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Xiaojing, Wang. "Firm Resources and Dynamic Capability Promotion: An Empirical Study." In 2009 International Conference on Information Management, Innovation Management and Industrial Engineering. IEEE, 2009. http://dx.doi.org/10.1109/iciii.2009.187.

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Song, Tae Ho, and Ji Yoon Kim. "THE DYNAMIC EFFECT OF CUSTOMER EQUITY ACROSS FIRM GROWTH." In Bridging Asia and the World: Globalization of Marketing & Management Theory and Practice. Global Alliance of Marketing & Management Associations, 2014. http://dx.doi.org/10.15444/gmc2014.02.01.03.

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Jianzhong, Xiao. "Firm Entry, Exit and Industrial Dynamic Revisited: The Perspective of Dynamical System Model." In 2010 International Conference on E-Business and E-Government (ICEE). IEEE, 2010. http://dx.doi.org/10.1109/icee.2010.1016.

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Bao-jie, Chen. "An Empirical Study on Firm Dynamic Capabilities Influencing Innovation Performance." In 2010 International Conference on Information Management, Innovation Management and Industrial Engineering (ICIII). IEEE, 2010. http://dx.doi.org/10.1109/iciii.2010.322.

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Zhao, Lin, Julia Grant, and Fred Collopy. "The design of an interactive and dynamic representation of the firm." In CHI '06 extended abstracts. New York, New York, USA: ACM Press, 2006. http://dx.doi.org/10.1145/1125451.1125740.

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Banerjee, Sudipto, Robert J. Kauffman, and Bin Wang. "A dynamic Bayesian analysis of the drivers of Internet firm survival." In the 7th international conference. New York, New York, USA: ACM Press, 2005. http://dx.doi.org/10.1145/1089551.1089582.

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Wu Xiaobo, Fang Gang, and Wu Zengyuan. "The dynamic IT capabilities and firm agility: a resource-based perspective." In International Technology and Innovation Conference 2006 (ITIC 2006). IEE, 2006. http://dx.doi.org/10.1049/cp:20060843.

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Ge, Baoshan, and Baobao Dong. "Dynamic Capabilities and Firm Performance: An Empirical Study of Chinese New Ventures." In 2009 Fourth International Conference on Cooperation and Promotion of Information Resources in Science and Technology (COINFO). IEEE, 2009. http://dx.doi.org/10.1109/coinfo.2009.13.

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Fang, Gang, Xiao-bo Wu, and Zeng-yuan Wu. "The Dynamic Information Technology Capability and Firm Performance: A Resource-Based Perspective." In 2006 International Conference on Machine Learning and Cybernetics. IEEE, 2006. http://dx.doi.org/10.1109/icmlc.2006.258405.

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Fang, Gang, Xiao-bo Wu, and Zeng-yuan Wu. "The Dynamic Information Technology Capability and Firm Performance: A Resource-Based Perspective." In 2006 International Conference on Machine Learning and Cybernetics. IEEE, 2006. http://dx.doi.org/10.1109/icmlc.2006.259094.

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Reports on the topic "Firm dynamic"

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Maican, Florin, Matilda Orth, Mark Roberts, and Van Anh Vuong. The Dynamic Impact of Exporting on Firm R&D Investment. Cambridge, MA: National Bureau of Economic Research, October 2020. http://dx.doi.org/10.3386/w27986.

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Heresi, Rodrigo. Reallocation and Productivity during Commodity Cycles. Inter-American Development Bank, April 2021. http://dx.doi.org/10.18235/0003203.

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I study the firm-level dynamic response of a commodity-exporting economy to global cycles in commodity prices. To do so, I develop a heterogeneous-firms model that endogenizes declines in aggregate productivity through reallocation towards less productive firms. Within a given sector, commodity booms reallocate market share away from exporters because of currency appreciation and away from capital-intensive firms because of the increase in capital cost. I provide empirical evidence for these channels using microdata for Chile, the worlds largest copper producer. When fed with the commodity super-cycle of 2003-2012, the calibrated model generates about 50% of the observed productivity decline.
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Benavente, José Miguel, and Pluvia Zuñiga. How Does Market Competition Affect Firm Innovation Incentives in Emerging Countries? Evidence from Chile and Colombia. Inter-American Development Bank, May 2022. http://dx.doi.org/10.18235/0004235.

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The effect of market competition on firm innovation remains controversial, especially in the context of developing countries. This paper presents new empirical evidence about the causal impact of competition on firm innovation for Chilean and Colombian manufacturing firms. Using instrumental-variable estimation, our results show that market competition increases firm propensity to invest in innovation, but this relationship manifests differently in the two countries. While this relationship is linear in Chilean firms, an inversed-U shaped relation prevails in Colombian firms. In both countries, however, innovation incentives are mostly concentrated in the medium range of the firm productivity distribution. These findings are robust to including past innovation engagement, import competition, and business dynamics. In addition, first- stage estimations show that competition law interventions improved market competition in sanctioned sectors while business entry reforms significantly leveraged competition across industries. These findings stress the importance of pro-competition regulations and competition policy, not only to benefit consumers welfare but also to support firm innovation.
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Ayres, João, and Gajendran Raveendranathan. Firm Entry and Exit during Recessions. Inter-American Development Bank, June 2021. http://dx.doi.org/10.18235/0003356.

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We analyze shocks to productivity, collateral constraint (credit shock), firm operation, and labor disutility in a model of firm dynamics with entry and exit. Shocks to firm operation and labor disutility capture COVID-19 lockdowns. Compared to the productivity shock, the credit and the lockdown shocks generate larger changes in firm entry and exit. The credit shock accounts for lower entry, higher exit, and concentration of exit among young firms during the Great Recession. The lockdown shocks predict a large fall in entry and rise in exit followed by a sharp rebound. In both recessions, changes in entry and exit account for 10-20 percent of the fall in output and hours. Finally, we discuss how the modeling of potential entrants matters for the quantitative results.
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Engbom, Niklas, Christian Moser, and Jan Sauermann. Firm Pay Dynamics. Cambridge, MA: National Bureau of Economic Research, January 2022. http://dx.doi.org/10.3386/w29697.

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Nuguer, Victoria, and Alan Finkelstein-Shapiro. Labor Market and Macroeconomic Dynamics in Latin America Amid COVID: The Role of Digital Adoption Policies. Inter-American Development Bank, April 2022. http://dx.doi.org/10.18235/0004226.

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We study how policies that facilitate firm digital adoption shape the labor market and economic recovery from COVID-19 in a search and matching framework with firm entry and exit where salaried firms can adopt digital technologies and the labor market and firm structure embodies key features of Latin American economies. Using Mexico as a case study, we first show that the model quantitatively replicates the dynamics of the labor market and output at the onset of the COVID recession and in its aftermath, including the sharp decline in labor force participation and informal employment that is unique to the COVID recession. We then show that a policy-induced permanent reduction in the barriers to adopting digital technologies introduced at the trough of the recession bolsters the recovery of GDP, total employment, and labor income, and leads to a larger expansion in the share of formal employment compared to the no-policy scenario. In the long run, the economy exhibits a long-run reduction in total employment and labor force participation, but higher levels of GDP and labor income, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate.
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Alessandria, George, Costas Arkolakis, and Kim Ruhl. Firm Dynamics and Trade. Cambridge, MA: National Bureau of Economic Research, October 2020. http://dx.doi.org/10.3386/w27934.

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Saha, Amrita, Jodie Thorpe, Keir Macdonald, and Kelbesa Megersa. Linking Business Environment Reform with Gender and Inclusion: A Study of Business Licensing Reform in Indonesia. Institute of Development Studies (IDS), January 2021. http://dx.doi.org/10.19088/k4d.2021.001.

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Business environment reform (BER) targets inadequate business regulations. It is intended to remove constraints to business investment, enabling growth and job creation, and create opportunities for international business to contribute to and benefit from this growth. However, there is a lack of detailed knowledge of the impact of BER on gender and inclusion (G&I). While a review of existing literature suggests that in general, there is no direct link between BER and G&I, indirect links are likely through the influence of BER on firm performance. Outcomes will be influenced by the differential ways in which women-led firms experience the business environment when compared to their male counterparts, with disparities based on how they are treated under the law, as well as structural and sociocultural factors. The fact that in many countries, female-led firms are fewer and smaller than those of their male counterparts, and may operate in different sectors, also affects these dynamics. This research offers new insights through an in-depth analysis of the impact of the Pelayanan Terpadu Satu Pintu (PTSP) or one-stop shop business licensing reform in 2009 on firm performance in Indonesia, and how these impacts vary based on the gender of firm leadership. The results find that on average, firms benefited from improved business performance (sales), as a direct or indirect effect of this reform, as well as an increase in the number of medium and large-scale firms. Outside Jakarta (Bali, Banten, Lampung), women-led firms experienced a small but significant benefit relative to male-led firms, related to both sales and the number of medium and large-scale firms they run. In Jakarta, women-led firms continued to lag behind men and there were no significant effects on employment, and this held across province and gender. These findings are based on an analysis of the PTSP reform using data from the World Bank Enterprise Survey (WBES), a survey of small, medium and large firms (i.e. with more than four employees) which took place in Indonesia between 2009 and 2015.
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Finkelstein-Shapiro, Alan, Federico S. Mandelman, and Victoria Nuguer. Fintech Entry, Firm Financial Inclusion, and Macroeconomic Dynamics in Emerging Economies. Inter-American Development Bank, January 2022. http://dx.doi.org/10.18235/0003918.

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Financial inclusion is strikingly low in emerging economies. In only a few years, financial technologies (fintech) have led to a dramatic expansion in the number of non-traditional credit intermediaries, but the macroeconomic and credit-market implications of this rapid growth of fintech are not known. We build a model with a traditional banking system and endogenous fintech intermediary creation and find that greater fintech entry delivers positive long-term effects on aggregate output and consumption. However, greater entry bolsters aggregate firm financial inclusion only if it stems from lower barriers to accessing fintech credit by smaller, unbanked firms. Decreasing entry costs for fintech intermediaries alone has only marginal effects in the aggregate. While firms that adopt fintech credit are less sensitive to domestic financial shocks and contribute to a reduction in output volatility, greater fintech entry also leads to greater volatility in bank credit, thereby introducing a tradeoff between output volatility and credit-market volatility.
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Burstein, Ariel, and Marc Melitz. Trade Liberalization and Firm Dynamics. Cambridge, MA: National Bureau of Economic Research, April 2011. http://dx.doi.org/10.3386/w16960.

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