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 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.

What's driving superstar companies, industries, and cities | McKinsey

The debate about superstar firms and superstar effects has been intensifying, partly in response to the rapid growth of global US tech companies ...

Automation and the Rise of Superstar Firms

Autor et al. (2020) discuss a few potential drivers of the rise of superstar firms (what they call a “winner takes most” mechanism), including ...

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

To what extent is manufacturing different from other sectors? Because robust firm-level mea- sures of value-added are not available from the Economic Census ...

The rise of superstar firms

This policy brief explains this phenomenon by identifying so-called superstar firms as drivers of the falling labor share. It spotlights rising concentration in ...

What's Driving Superstar Companies, Industries, and Cities

The debate about superstar firms and superstar effects has been intensifying, partly in response to the rapid growth of global US tech companies ...

Challenges with the rise of superstar firms - ESCP Business School

Globalization has changed the basis for competition. Nowadays, most firms compete in global markets. Firms implement global strategies to sell their products, ...

The superstar firms, sectors, and cities leading the global economy

There is much discussion about “superstar” firms and “superstar effects” in reaction to the rapid growth of very large global companies. This ...

The Labor Impact of Superstar Firms

The research analyzes 30 years of data from the U.S. Economic Census as well as international data to conclude that “product market concentration will rise as ...

Exposure to superstar firms and financial distress

Building on recent research, we identify superstars as firms with the highest markups in the industry and whose industry markup share increases ...

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 Impact of Superstar Firms on UK Businesses - Chadwicks

They highlight how globalisation and technological progress have fundamentally changed many markets and allowed certain firms to become hyper-efficient. These ...

Panel on Superstar Firms and Innovation featuring Tommaso Valletti ...

Over the past decade we've witnessed the growth of so-called “Superstar Firms” in the economy. Is this good for innovation? What will be the ...

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

This research was funded by. Accenture LLC, the Economic and Social Research Council, the European Re- search Council, IBM Global Universities Programs, the MIT ...

Rise of Superstar Firms and Fall of the Price Mechanism*

1According to what rating agency Moody's said in a recent report, in 2020, the total cash holdings of U.S. non-financial companies have reached a level of 2.12 ...

Automation and the Rise of Superstar Firms - San Francisco Fed

Both the robot price and the operational stock of industrial robots are obtained from the. International Federation of Robotics (IFR). United States.2 Our IV ...

Fewer but Better: How Superstar Firms Affect New Firm Creation

We formalize the link between the rise of superstar firms and business formation in a simple ... What explains the rise in consolidation in France — and in the ...

Rise of the superstar firms: Taking oligopoly seriously in ... - CEPR

This is due to increasing concentration in markets, increasing margins, a decreasing labour share, and the dominance of 'superstar' firms such ...

The Market Power of 'Superstar' Companies Is Growing

But while it may be indisputable that superstar firms have been a force for technological and economic progress, there is a creeping concern ...