Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/26950 
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dc.contributor.authorBurhop, Carstenen
dc.contributor.authorLübbers, Thorstenen
dc.date.accessioned2008-07-22-
dc.date.accessioned2009-08-06T09:28:08Z-
dc.date.available2009-08-06T09:28:08Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/26950-
dc.description.abstractIn this paper, we evaluate the impact of cartelisation and managerial incentives on the productive efficiency of German coal mining corporations. We focus on coal mining in the Ruhr district, Germany's main mining area. We use stochastic frontier analysis and an unbalanced dynamic panel data set for up to 28 firms for the years 1881-1913 to measure productive efficiency. We show that coal was mined with decreasing returns to scale. Moreover, it turns out that cartelisation did not affect productive efficiency. Controlling for corporate governance variables shows that stronger managerial incentives were significantly correlated with productive efficiency, whereas the debt-equity ratio did not influence it.en
dc.language.isoengen
dc.publisher|aMax Planck Institute for Research on Collective Goods |cBonnen
dc.relation.ispartofseries|aPreprints of the Max Planck Institute for Research on Collective Goods |x2008,13en
dc.subject.jelN53en
dc.subject.jelL41en
dc.subject.jelL71en
dc.subject.ddc330en
dc.subject.keywordEconomic historyen
dc.subject.keywordGermany pre-1913en
dc.subject.keywordCartelen
dc.subject.keywordProductive efficiencyen
dc.subject.keywordCorporate Governanceen
dc.subject.stwCorporate Governanceen
dc.subject.stwFührungskräfteen
dc.subject.stwLeistungsorientierte Vergütungen
dc.subject.stwKartellen
dc.subject.stwKohlenbergbauen
dc.subject.stwTechnische Effizienzen
dc.subject.stwGeschichteen
dc.subject.stwDeutschland (bis 1945)en
dc.titleCartels, managerial incentives, and productive efficiency in German coal mining, 1881-1913-
dc.typeWorking Paperen
dc.identifier.ppn572304366en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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