Publications
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The Impact of Superstar Firms on the Labor Share. Evidence from Belgium. KU Leuven
The Belgian labor share, measured as the part of GDP going to labor, is declining. This evolution fits into the global secular trend of decreasing labor shares. A novel strand in the literature focusses on its firm-level drivers. Recent research in the United States claims that superstar firms, defined as large firms with a dominant market share, are increasing their market share and link this to the fall of the labor share (Autor, Dorn, Katz, ...
David versus Goliath? Smaller European exporting firms facing Asian competition on global markets KU Leuven
© 2016 Scottish Economic Society This paper analyses the presence of Asian competition in the export markets of Belgian manufacturing firms between 1998 and 2010. We focus on the value of exports at the firm level where we consider both the intensive and the extensive margin. Within Asia a distinction is made between China, India, Hong Kong, Japan, Singapore, South Korea, and Taiwan. We find that Asian competition matters significantly for ...
Christine Lagarde KU Leuven
Staying home or moving away? Restructuring efforts within multinational enterprises KU Leuven
This paper analyses the impact of geographic dispersion on employment changes within multinationals. Building on earlier work of Landier et al. (2009, Review of Financial Studies 22, 3: 1119), we investigate whether corporate decision-making within a multinational is affected by the distance between an affiliate and its headquarter. Our findings suggest a detrimental impact of distance on employees, by either an increased likelihood of observing ...
The Export Performance of Multi-product Firms facing Asian Competition in Foreign Markets KU Leuven
This paper assesses the impact of Asian competition on the export performance of multi-product firms.Using a unique data set that includes for all Belgian manufacturing firms the bilateral export flows of allproducts to all export destinations for the 1998-2006 period, we estimate the impact of Asian competition on the export intensity and export variety of Belgian firms. In addition we study the impact of several destination market and ...