The Rise of Star Firms

Rise of Star Firms: Intangible Capital and Competition

Empirically, we show that at every level of intangible capital intensity, star firms have higher output and investment (Capex, R&D, and SG&A) per unit of ...

Rise of Star Firms: Intangible Capital and Competition

Abstract. The large divergence in the returns of top-performing star firms and the rest of the economy is substantially reduced when we account for the mis.

What's Driving the Rise of International Star Firms?

A large academic and policy debate has focused on the increase in market concentration over the past few decades which has given rise to ...

The Fall of the Labor Share and the Rise of Superstar Firms

The previous section documented evidence supporting the main empirical predictions of the super- star firms framework derived in Section II. This section ...

The Rise of Star Firms: Intangible Capital and Competition

Star firms produce and invest more per dollar of invested capital, have more valuable innovations as measured by the market value of patents, and are as exposed ...

The Rise of Star Firms: Intangible Capital and Competition

The large divergence in the returns of top-performing (star) firms and the rest of the economy is substantially reduced when we account for ...

The rise of superstar firms - CEPR

John Van Reenen, MIT, discusses work he has done on how 'superstar firms' such as Google and Apple have changed the global economy.

The Fall of the Labor Share and the Rise of Superstar Firms

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing ...

The Fall of the Labor Share and the Rise of Superstar Firms

An alternative perspective on the rise of super- star firms is that they reflect a diminution of competition, due to weaker U.S. antitrust enforcement (Döttling ...

Why are star firms important in the market? - News & insight

This blog post discusses the significant role of 'star firms' in the financial markets, a concept introduced by Gutiérrez and Philippon ...

The Rise of Star Firms: Intangible Capital and Competition

Star Firms Associated With Market Power But Star Firms Produce And Invest More Per Dollar Of Invested Capital.

The rise of superstar firms | UBS Center

The rise of 'superstar' companies has serious implications for competition law, particularly if further research determines such firms indeed exploit relative ...

Challenges with the rise of superstar firms - ESCP Business School

The Rise of Star Firms: Intangible. Capital and Competition: The World Bank. Bae, K.-H., Bailey, W., Kang, J., 2021. Why is Stock Market Concentration Bad ...

The Rise of Star Firms : Intangible Capital and Competition

There is a divergence in the returns of top-performing firms and the rest of the economy, especially in industries that rely on a skilled labor force, ...

Automation and the Rise of Superstar Firms

Stars denote the statistical significance: * p < 0.10, **. p < 0.05, *** p < 0.01. 3.2 Correlations between automation and industry concentration. We calculate ...

What every CEO needs to know about 'superstar' companies

star companies. Bottom-decile companies are as large as superstars in ... For superstar companies, the rise of the superstar ecosystem is a harbinger ...

Research: The Rise of Superstar Firms Has Been Better for Investors ...

In a recent paper, we put forward a different story based on the rise of superstar firms. More and more industries have become “winner take most” over the last ...

The Rise of Star Firms: Intangible Capital and Competition

There is a divergence in the returns of top-performing (star) firms and the rest of the economy, especially in industries that rely on a ...

Automation and the Rise of Superstar Firms - San Francisco Fed

Stars denote the statistical significance: * p < 0.10, ** p < 0.05, *** p < 0.01. in Column (1) implies that, in an industry with robot density (in log units) ...

Simulating the Emergence of Superstar Firms:The Role of Luck vs ...

The traditional viewpoint posits that technological advancements drive market dominance by highly talented individuals, creating a 'superstars' ...