CrossRef Open Access 2022 13 sitasi

How does warfare affect firms' productivity?

Andres F. Jola‐Sanchez

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Abstrak

Warfare afflicts millions and creates unparalleled operational challenges in the developing world. With data from war‐torn Colombia, I examine the effects of civil war on firms' total factor productivity (TFP) using propensity score and conflict hotspot models. I find that warfare increases TFP in service firms, such as public administration and defense, by up to 12.68%, whereas it decreases TFP in manufacturing and other nonservice companies by up to 3.64% a year after a violent episode occurs. This effect stems from intellectual capital growth and service firms' ability to create value from customer input.

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Andres F. Jola‐Sanchez

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Jola‐Sanchez, A.F. (2022). How does warfare affect firms' productivity?. https://doi.org/10.1111/poms.13658

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Informasi Jurnal

Tahun Terbit: 2022
Bahasa: en
Total Sitasi: 13×
Sumber Database: CrossRef
DOI: 10.1111/poms.13658
Akses: Open Access ✓