This paper analyzes the effects of intra-firm bargaining on the formation of firms in an economy with imperfect capital markets and contracting constraints. In a one-sided matching equilibrium endowment inequality induces a heterogenous distribution of firm sizes allowing for firms both too small and too large in terms of efficiency. The findings connect well to empirical facts such as the miss...

An alternative approach for evaluating the efficiency of integrated circuit (IC) design firms is presented in this paper. We took into account the differences between technology groups, containing one or more design firms, and input and output factors to prevent influences of scale (e.g., firm size). Specifically, we employed a directional distance function approach to data envelopment analysis...

This study seeks to determine the effectiveness of corporate governance by analyzing the impact of board structure on firm technical efficiency. Resampling methods and bootstrapping techniques applied in Data Envelopment Analysis are used to evaluate firm performance. Truncated regressions are estimated to determine the effect of five board characteristics—board size, board independence, board ...

Motivated by theories of the rm, which we classify as \technological" or \organizational", we analyze the determinants of rm size across industries and across countries in a sample of 15 European countries. We nd that, on average, rms facing larger markets are larger. At the industry level, we nd rms in the utility sector are large, perhaps because they enjoy a natural, or o cially sanctioned, ...

empirical studies have shown that the size distribution of firms can be described as a lognormal or pareto distribution. however, these studies have focused on developed countries and little attention has been devoted to developing countries. using the variable of number of employees as a measure of firm size, this paper investigates the shape of firm size distribution in the food & beverages i...