Trade Credit and Temporary Employment: How Companies Respond to Capital and Labor Market Frictions

114 Pages·2016·1.836 MB·English

by  Sebastian Nielen (auth.)

Contributions to Management Science
Sebastian Nielen
Trade Credit
and Temporary
Employment
How Companies Respond to Capital and
Labor Market Frictions
Contributions to Management Science
Moreinformationaboutthisseriesathttp://www.springer.com/series/1505
Sebastian Nielen
Trade Credit and Temporary
Employment
How Companies Respond to Capital
and Labor Market Frictions
123
SebastianNielen
TuRbingen,Germany
ISSN1431-1941 ISSN2197-716X (electronic)
ContributionstoManagementScience
ISBN978-3-319-29849-8 ISBN978-3-319-29850-4 (eBook)
DOI10.1007/978-3-319-29850-4
LibraryofCongressControlNumber:2016934039
©SpringerInternationalPublishingSwitzerland2016
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Preface
InwritingthisdissertationIhavebeenluckytohavevaluableco-authors.Chapter2
isco-authoredwithWernerBönte.ItisalreadypublishedinthejournalManagerial
and Decision Economics (Bönte and Nielen 2011) reproduced in this book with
permission from John Wiley and Sons. Chapter 3 is solely authored by me.
Chapters 4 and 5 are both co-authored with Alexander Schiersch. Chapter 4 is
already published in the journal Industrial Relations (Nielen and Schiersch 2014)
reproducedinthisbookwithpermissionfromJohnWileyandSons.Thisdoctoral
dissertationhasbeenawardedbytheUniversityofWuppertalinJune2014underits
originaltitle “Firms’ short-runresponsesto capitaland labormarketfrictions:the
caseoftradecreditandtemporaryemployment”.
v

Acknowledgments
Thebiggestthanksgotomyparents.TheirsupportenabledmetostudyEconomics.
Withouttheir supportthis thesis would neverhave been written. I also would like
tothanktheremainingmembersofmyfamily,especiallymygrandparentsandmy
sister.SpecialthanksalsogotomythesissupervisorWernerBönteforhissupport
inthedevelopmentprocessofthisthesis.MythanksalsogotoAlexanderSchiersch
being co-author of two chapters of the thesis. I also would like to thank all my
friendsandalsomycolleaguesinWuppertal,inparticularthemembersofthechair
ofindustrialorganizationandinnovation.
vii

Contents
1 Introduction ................................................................... 1
1.1 TradeCreditandInnovationPerformance.............................. 2
1.2 TemporaryEmploymentandFirmPerformance ....................... 3
2 ProductInnovation,CreditConstraints,andTradeCredit:
EvidencefromaCross-CountryStudy..................................... 5
2.1 Introduction .............................................................. 5
2.2 TheoreticalFramework.................................................. 7
2.2.1 DemandforTradeCredit........................................ 7
2.2.2 ProvisionofTradeCredit........................................ 8
2.2.3 TradeCreditandInnovation..................................... 9
2.2.4 InstitutionalandMacroeconomicEffects....................... 10
2.3 Data....................................................................... 11
2.3.1 Sample ........................................................... 11
2.3.2 MeasurementofVariables....................................... 11
2.3.3 DescriptiveStatistics ............................................ 12
2.4 EstimationResults ....................................................... 15
2.5 DiscussionandConclusion.............................................. 21
3 ProductInnovationandTradeCreditDemandandSupply:
EvidencefromEuropeanCountries ........................................ 23
3.1 Introduction .............................................................. 23
3.2 TheoreticalFramework.................................................. 25
3.2.1 DemandforTradeCredit........................................ 25
3.2.2 TradeCreditDemandandProductInnovation................. 26
3.2.3 ProvisionofTradeCredit........................................ 26
3.2.4 TradeCreditSupplyandProductInnovation................... 27
3.3 Data....................................................................... 28
3.3.1 Sample ........................................................... 28
3.3.2 MeasurementofVariables....................................... 28
3.3.3 DescriptiveStatistics ............................................ 30
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