The aim of this paper is to determine the incidence of internal corporate governance on the efficiency of public transport operators. We use a stochastic analysis frontier model of a sample of 54 public road transport firms, during the period of 2000–2011. We also explain the inefficiency of public transport operators by the internal corporate governance. The stochastic frontier approach is use...

This study investigates the moderating effect of firm size in the relationship between corporate governance (board size, board independence and ownership concentration) and banks’ risk-taking (insolvency risk and credit risk). Secondary data (annual reports) was collected from a sample of 21 Malaysian commercial banks covering the 2005–2014 accounting period. An empirical model using pooled ord...

In this paper, we studies the distribution of firm size by using a model based on Sato’s paper in 1970, and proved the static distribution of firm size satisfies Pareto distribution in its upper tail.

This paper studies how firm size, firm growth, and market structure affect matching between workers and firms, and resulting levels of employment, wages, and output. Building on the directed search literature, I construct and analyze a framework in which both the number of firms and the distribution of vacancies across firms are determined endogenously, wages play an allocative role in the matc...

T here is something in our national consciousness that looks fondly upon the small firm. This affection for small business is not entirely unwarranted. Small firms account for an important part of economic activity.1 A vast majority of all businesses in the United States are small; over 90 percent have fewer than 20 employees. Small firms accounted for between 40 and 50 percent of GNP and over ...