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The empirical results suggest the direction of how to improve firm efficiency.
These results indicate that the loss of Jewish managers also led to real losses in firm efficiency and profitability.
Cautious innovators are found to survive longer and contribute to a higher social welfare via gains in firm efficiency.
More specifically, our findings show that there is a positive correlation between the proportion of independent directors on the board and firm efficiency.
We also find that firm efficiency is viewed as a proxy for CEO effort and, therefore, CEO's tenure has a positive impact on efficiency.
The incentive to mimic peers to avoid the cost of optimizing financial policies may be offset by managers' incentives to maintain high value in the labor markets, as labor market incentives may drive managers to increase firm efficiency.
Similar(46)
For many firms, efficiency improvement, mergers and acquisitions, and even incremental innovation have failed to meet the strategic need.
We use total factor productivity as proxy for that efficiency, allowing us to focus on the quality of investment decisions as measure by firms' efficiency gains.
The stochastic frontier approach is used to assess firms' efficiency, and also to identifying factors explaining inefficiency.
Porter (2008) has argued that stringent environmental regulations force firms to innovate, thereby inducing gains in firms' efficiency and competitiveness that offset, or even more than offset, the costs of regulatory compliance (see also Porter and van der Linde 1995).
Investment in new technologies has been proven to increase law firms' efficiency and reduce costs.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com