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Media Slant Against Foreign Owners: Downsizing
media economics globalization economic xenophobia multi-national enterprises foreign direct investment
2012/10/22
We establish the existence of strong media slant against foreign owners. Using a unique data set from nation-wide distributed quality newspapers in Germany, we find that a foreign firm that downsizes ...
Downsizing
Layoff rules firing costs uncertainty heterogeneity
2013/10/18
Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces heterogeneous firing costs. The theoretical model predicts that the firm displaces ...