Measuring Pricing to Market in the Eurozone: The Case of the Automobile Industry

In this paper we measure the pricing to market for the main export products in the Eurozone automobile industry. Results reveal that significant markup adjustments exist following exchange rate variations. In general, these adjustments allow a strong stabilization of prices in buyer's currency terms. Nevertheless, the degree of pricing to market is quite heterogeneous and differs highly across both product categories and destination markets.     

Internal labour flexibility from a resource-based view approach: definition and proposal of a measurement scale

The dynamic nature of current competitive environments has motivated managers to identify sources of flexibility based on the organisation's human resources. In this regard, internal labour flexibility emerges as a valid strategy to counteract environmental changes, based on the adaptability of the organisation's current workforce to face non-routine circumstances and events that require creativity and initiative. However, despite recent interest in the notion of internal labour flexibility, there is no commonly accepted definition of this term. Currently, there are several competing definitions of the construct, along with a variety of operationalisations. Some integration of these approaches is needed to ensure that our knowledge of internal labour flexibility grows cumulatively. In this study, we have sought to address some of these limitations by theoretically conceptualising and empirically validating a scale to measure internal labour flexibility from the resource-based view (RBV). The application of structural equation modelling to a sample of 226 Spanish firms confirmed the suggested dimensionality of the internal labour flexibility scale, which distinguishes between employees' intrinsic flexibility, skill malleability, behavioural malleability and relational flexibility. Tests of reliability and validity confirmed the appropriateness of this measurement scale.     

Strategic flexibility as a moderator of the relationship between commitment to employees and performance in service firms

This paper examines the fit between organizational commitment to employees (OCE) and strategic flexibility. The complementariness between these two factors originates from the fact that the effect of OCE on a firm's performance depends on the type of strategic flexibility. We argue that the greater the degree of strategic flexibility, the greater the positive effect of OCE on organizational performance. Using data from a random sample of 230 service firms, the empirical results partially support this hypothesis.     

Length of time spent in Chapter 11 bankruptcy: a censored partial regression model

This paper investigates original issuers of high yield bonds in Chapter 11 bankruptcy to determine which factors affect the length of time spent in Chapter 11. In order to do this analysis a flexible new duration model is proposed, the censored partial regression model. This model allows consideration of the effect of some variables on the duration using a nonparametric functional form. It is found that the choice of prepackaged Chapter 11, the length of time negotiating before filling for Chapter 11, the profitability, the highly leveraged transactions, the participation on different disputes, the role of vulture funds and some institutional changes turn out to be relevant to analyse this duration.     

Impact of the dedicated infrastructure on bus service quality: an empirical analysis

An econometric analysis is conducted to quantify the impact of different variables on the service quality of the Santiago, Chile bus system. The indicators tested as measures of service quality are the average bus speed, the bus trip time coefficient of variation and the bus headway coefficient of variation. The analysis uses peak hour data obtained for all the routes served by the system’s various concessionaire operators. A separate multiple linear regression model is estimated for each indicator, with the latter as the explained variable. The main explanatory variables are a series of design factors representing different types of dedicated route infrastructure and the incorporation in some routes of segments of urban motorway. The results of the models show that the existence of dedicated bus route infrastructure positively impacts all three service quality indicators. The use of motorway segments in particular has a major positive effect on average speed. The model estimates also reveal that the main explanatory factor in headway variability at the end of a route is the headway variability at the start of it, the latter factor determined by operator management decisions regarding bus despatches.     

Combining tech-mining and semantic-TRIZ for a faster and better technology analysis: a case in energy storage systems

Understanding and anticipating the evolution of technologies is an increasingly complex task attributable to the interdisciplinarity of the technology and the explosion of information about the research and patent activity. By combining the capabilities of tech-mining in identifying and in highlighting trends, weak signals, with those of semantic-TRIZ (Teoriya Resheniya Izobreatatelskikh Zadatch – Theory of Inventive Problem Solving) in identifying the functions, its causes and effects, a better understanding of the trends may be obtained in a shorter time. An interesting trend in the use of graphene in cathode materials, as well as its applications, mainly to enhance the conductivity and the discharge and recharge of the Li–air battery, has been quickly assessed as a result of the combined techniques. Another two cases, the increased presence of nanostructures in cathodes and the emergence of LIFePO₄ in the lithium–ion batteries have been also analysed in a short time. The results may predict the good possibilities of the combination of these two evolving techniques.     

Does sport affect the competitiveness of European Union countries? An analysis of the degree of innovation and GDP per capita using linear and QCA models

The sport industry has experienced great growth in recent years worldwide, and especially in the European Union (EU) countries. However, despite the role that this industry can play in improving the competitiveness of these countries (Gross Domestic Product (GDP) per capita and innovation performance), no studies have been found that analyse its influence. So, the main aim of this study is, firstly, to analyse the relationship between the innovation performance and the GDP per capita of EU countries, and, secondly, to find out how sport-related indicators and different innovation-related indicators influence the innovation performance and GDP per capita of the EU countries. To this end, two different methodologies have been used: hierarchical regression models and qualitative comparative analysis (QCA). A total sample of 23 EU countries have been analysed. The results show that GDP per capita and innovation performance are highly correlated in a positive and significant way (0.76; p?<?.0001), and that the variables related to sport help explain the variance of these two variables, highlighting as necessary variable in both cases the growth in the sports sector (consistency >0.90). Finally, a number of practical implications are presented that can help policy makers to improve the competitiveness of EU countries.

     

THE RELATIVE EFFICIENCY OF PRIVATE AND PUBLIC SCHOOLS IN DEVELOPING COUNTRIES

Aside from revenue mobilization, one of the arguments for allowingthe private sector to assume a larger role in the provisionof education is that it would increase efficiency, as administratorsbecome more responsive to the needs of students and their parents.But what is the evidence? Based on case studies that compareprivate and public secondary education in Colombia, the DominicanRepublic, the Philippines, Tanzania, and Thailand, private schoolstudents generally outperform public school students on standardizedmath and language tests. This finding holds even after holdingconstant for the fact that, on average, private school studentsin these countries come from more advantaged backgrounds thantheir public. school counterparts. In addition, preliminaryevidence shows that the unit costs of private schools are lowerthan those of public schools. Although these results cannot,in themselves, be used as arguments for massive privatization,they indicate that governments should reconsider policies thatrestrain private sector participation in education. Furtherresearch is needed to determine whether some teaching and administrativepractices in private schools are applicable to public schools.      

不平等就是不健康

文森特·纳瓦罗(V icente N avarro)是约翰斯—霍普金斯大学布卢姆博格公共健康学院的教授和普姆蓓—费布拉大学(P om peiiFabra U niversity)的政治社会科学教授。同时,他还兼任国际健康服务杂志的主编。他在约翰斯—霍普金斯大学医学院2003级毕业典礼上演讲指出,“不平等就是不健康”。以下为纳瓦罗教授演讲的主要内容。“不平等就是不健康”,其原因除了不平等的加剧通常会伴随着贫困的加剧(它仅仅是部分正确的)外,更在于不平等本身就会产生这样的消极影响,即社会群体之间和个体之间的差距以及这种差距导致的社会凝聚力(cohesion)不足会…