Labour migration and economic performance: London and the Randstad,c. 1600–18001

In most studies of early modern north‐western Europe, England is regarded as the successor of the Netherlands in terms of economic leadership. Whereas related topics like institutional and technological change or changes in trade and capital flows have been incorporated into the research on the comparison of these two rival states, labour migration is usually omitted. This article aims to fill this lacuna by focusing on labour migration to the two core regions of the Netherlands and England: the Randstad and London. Two main research questions are raised in this article. First of all, in what way did the two cores and their hinterlands differ with regard to their demographic, economic, and spatial structures, and how did this contribute to different trends in labour migration over time? Secondly, what was the effect of the configuration of the demand and supply factors of London and the Randstad for their economies and for those who lived in them? By trying to answer these two questions this article aims not only to shed light on a hitherto largely unexplored topic in the comparative geographic, economic, and demographic history of the two countries, but also to contribute to the understanding of migration as a factor in the promotion of economic growth.     

An Empirical Examination of the Market Returns and Financial Performance of Entities Engaged in Sustainability Reporting

The importance of sustainability reporting to external stakeholders is reflected in the advent of various reporting guidelines and government inquiries. However, evidence of the inadequacy of such reporting, coupled with limited evidence of its use by market participants (such as investors and creditors) for resource-allocation decisions, raises questions about the overall value-relevance of sustainability reporting. This study seeks to identify, in the Australian context, whether the level of sustainable reporting is associated with a range of financial and market performance attributes of the firm.     

Multinational Banks and the Global Financial Crisis: Weathering the Perfect Storm?

We use data on the 48 largest multinational banking groups to compare the lending of their 199 foreign subsidiaries during the Great Recession with lending by a benchmark of 202 domestic banks. Contrary to earlier and more contained crises, parent banks were not a significant source of strength to their subsidiaries during 2008–09. When controlling for other bank characteristics, multinational bank subsidiaries had to slow down credit growth almost three times as fast as domestic banks. This was in particular the case for subsidiaries of banking groups that relied more on wholesale funding.