Non-manipulability in Walrasian cost games

JEL classification: D41, D51 Received: 24 December 1999 / Accepted: 18 October 2001     

Expatriate management and national culture: a bibliometric study of prolific,productive, and most cited authors and institutions

Abstract

This is a bibliometric study of reference literature related to the influence of national culture issues on expatriate management. It is based on publications in elite Management, International Business, and Human Resource academic journals between 2000 and 2012. The database comprises 222 articles involving 368 authors and 223 academic institutions. The analysis uses a broad scoring procedure that includes: (I) scholars and institutions’ productivity in terms of number of publications (both, total and adjusted), (II) authors and institutions’ productivity in terms of potential impact based on journals’ performance (a wide spectrum of different metrics is used in order to allow for alternative perspectives), and (III) a citation analysis. The use of multiple and diverse scores provides a comprehensive understanding of the ranking of academic institutions and scholars within this particular subfield of research. In addition, the article analyzes collaborative research patterns, expected institutional influence in the near future, and main issues to be included in the field’s research agenda.     

School finance reform: Assessing general equilibrium effects

In 1994 the state of Michigan implemented one of the most comprehensive school finance reforms undertaken to date in any of the states. Understanding the effects of the reform is thus of value in informing other potential reform initiatives. In addition, the reform and associated changes in the economic environment provide an opportunity to assess whether a simple general equilibrium model can be of value in framing the study of such reform initiatives. In this paper, we present and use such a model to derive predictions about the effects of the reform on housing prices and neighborhood demographic compositions. Broadly, our analysis implies that the effects of the reform and changes in the economic environment are likely to have been reflected primarily in housing prices and only modestly on neighborhood demographics. We find that evidence for the Detroit metropolitan area from the decade encompassing the reform is largely consistent with the predictions of the model.     

Corporate Reorganizations: Changes in the Intensity of Labor and Capital Expenditures

Using a new measure that indirectly captures a firm's restructuring efforts on the basis of changes in its labor and capital expenditure patterns, this study examines the link between restructuring and financial performance for an international sample of firms during the years 1989–1997. Results show that firms that curbed the growth in labor expense intensity (labor expense relative to sales), regardless of the accompanying changes in sales or in capital expenditure intensity, had significantly higher annual returns (despite having lower profitability) than firms that expanded their labor intensity. Financial market's response to a reduction in labor expense intensity appears to be more favorable if this reduction is accompanied by a reduction in capital expenditure growth when firms face declining sales, and an increase in capital expenditure growth when firm sales are growing.     

Entrepreneurship and Family Firm Research: A Bibliometric Analysis of An Emerging Field

This work carries out a comprehensive and systematic review of academic research on entrepreneurship in family firms applying bibliometric indicators. We review the literature published on these topics on the database ISI Web of Knowledge's Social Sciences Citation Index. The results provided show that it is a relatively recent field of study, highly interconnected with high co‐citation between authors, which verifies compliance with Lotka's Law, and where the most productive authors and journals do not necessarily coincide with those most cited. Finally, the co‐word analysis has identified research topics classified into widely developed issues and specialized peripheral issues.     

International crises,instability periods and contagion: the case of the ERM

In this article we propose a two step procedure for modeling the propagation of financial shocks. The first step consists in the estimation, by means of SWARCH models, of the conditional probability of being in a period of high volatility, while in the second step such indicators are included in a structural simultaneous equations models for interdependences among different countries. The results show that episodes of financial crisis effectively happened during periods of high volatility and that such measures of instability are important in explaining the propagation of devaluation expectations between six European Countries during the ERM period.

Unionized labor markets and globalized capital markets

This paper studies the effects of international integration of capital markets in a world where countries differ in their labor market institutions: one country has a perfectly competitive labor market while the other is unionized. We show that workers should favor autarky in the unionized country, but oppose it in the non unionized country and vice versa for owners of capital. Aggregate gains from integration, however, are negative. We also show that, under capital mobility, an increase in relative bargaining power of unions does not always improve workers' welfare.     

Remittances,financial development,and growth

Despite the increasing importance of remittances in total international capital flows, the relationship between remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in particular how local financial sector development influences a country's capacity to take advantage of remittances. Using a newly-constructed dataset for remittances covering about 100 developing countries, we find that remittances boost growth in countries with less developed financial systems by providing an alternative way to finance investment and helping overcome liquidity constraints. This finding controls for the endogeneity of remittances and financial development, does not depend on the particular measure of financial sector development used, and is robust to a number of robustness tests, including threshold estimation. We also provide evidence that there could be an investment channel trough which remittances can promote growth especially when the financial sector does not meet the credit needs of the population.