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1.
In this paper we use a micro panel data set of Spanish manufacturing firms to measure the contributions of continuing firms and turnover to total factor productivity growth over the period 1990–1997. The paper proposes an approach to the decomposition of productivity growth that is based on the estimation of productivity distributions. We characterize the dynamics of productivity distributions defining counterfactual distributions and using non-parametric methods. The results we obtain indicate that incumbent firms are the main factor contributing to the change in the productivity distribution. Net entry contributes positively to TFP growth. Finally, changes in the relative weights of incumbent, entering and exiting firms produce a counter-cyclical movement of productivity. 相似文献
2.
3.
José M. Luengo Sagrario Arias Mario Arcos Elías R. Olivera 《Spanish Economic Review》2005,7(4):307-307
Spanish Economic Review referees (2003-2004)
Spanish Economic Review referees (2003-2004) 相似文献4.
Relationship Between Sustainable Development and Financial Performance: International Empirical Research
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Jennifer Martínez‐Ferrero José Valeriano Frías‐Aceituno 《Business Strategy and the Environment》2015,24(1):20-39
The aim of this paper is to clarify the relationship between companies' sustainable behavior and their financial performance (FP), which has been studied for several years without reaching a consensus on the effect and the direction of it. Hypotheses are tested for an unbalanced sample of 1960 multinational non‐financial listed companies from 25 countries and one administrative region for the period between 2002 and 2010. Due to the use of an international database and the differences among countries, it is possible to observe divergence between institutional settings. For this reason, a corporate governance system (Anglo‐Saxon, Germanic, Latin and Asian) is used as characteristic of the macro‐environment. Results obtained via the generalized method of moments estimator allow us to support the existence of a positive bidirectional relationship between corporate social responsibility and FP, evidencing the existence of a synergistic circle. The use of market value indicated that investors are able to identify economic, social and environmental practices generating a positive effect on FP. These relationships differ between corporate governance systems, due to the specific characteristics of each system. Findings are robust for each sustainable sub‐index (society, human rights, environmental and board). Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment 相似文献
5.
Alfonso AstudilloMatías Braun Pablo Castañeda 《Journal of International Money and Finance》2011,30(7):1451-1470
The industries in which listed firms are concentrated in less developed equity markets are not random, nor entirely explained by the underlying composition of production. Listed firms and market capitalization are disproportionately concentrated in industries with low beta (measured with their beta with the market portfolio in the U.S.). We document a strong positive relationship between the industry-weighted country beta and the degree of market development across countries. Recent IPO activity confirms the result since new listings have higher betas than the average firm already in the market. 相似文献
6.
Maria A. Garcia‐Valiñas Wasantha Athukorala Clevo Wilson Benno Torgler Robert Gifford 《The Australian journal of agricultural and resource economics》2014,58(2):185-204
Several studies published in the last few decades have demonstrated a low price‐elasticity for residential water use. In particular, it has been shown that there is a quantity of water demanded that remains constant regardless of prices and other economic factors. In this research, we characterise residential water demand based on a Stone‐Geary utility function. This specification is not only theory‐compatible but can also explicitly model a minimum level of consumption not dependent on prices or income. This is described as minimum threshold or nondiscretionary water use. Additionally, the Stone‐Geary framework is used to model the subsistence level of water consumption that is dependent on the temporal evolution of consumer habits and stock of physical capital. The main aim of this study is to analyse the impact of water‐saving habits and water‐efficient technologies on residential water demand, while additionally focusing attention on nondiscretionary uses. This is informed by an empirical application using data from a survey conducted among residents of Brisbane City Council, Australia. The results will be especially useful in the design of water tariffs and other water‐saving policies. 相似文献
7.
Roger R. Betancourt Monica Cortiñas Margarita Elorz Jose Miguel Mugica 《Quantitative Marketing and Economics》2007,5(3):293-312
This paper brings together two bodies of literature. One of them is a literature on the special role of the consumer in retailing.
The other one is the literature on customer satisfaction. This joining of literatures is accomplished by identifying distribution
services as outputs of retail firms and fixed inputs into the production functions of consumers and relaxing the standard
assumption that the demand for these services is always equal to the supply of these services. The result is a new conceptual
framework for the analysis of customer satisfaction in retailing. This framework extends the basic ideas on customer satisfaction
developed for manufacturing in a homogeneous single product setting to the heterogeneous multi-product setting relevant for
many retailers. The paper illustrates one approach to the implementation of this framework with data for a set of supermarkets
in Pamplona, Spain, that measure distribution services by asking consumers questions explicitly identifying these services.
The five main categories of distribution services identified by the conceptual framework and measured in the data are economically
important and statistically robust determinants of customer satisfaction with supermarkets. These results are obtained controlling
for other variables typical of the customer satisfaction literature and measuring customer satisfaction in a manner consistent
with that literature. The results are robust to corrections for sample selection and alternative estimation methods. Perhaps
our most interesting novel result is that the effect of the determinants of customer satisfaction on future purchase intentions
in the supermarket case is different when measured directly in a one stage process than when measured indirectly in a two
stage process through the attributes/satisfaction/ purchase intentions chain.
相似文献
Jose Miguel MugicaEmail: |
8.
Arminda M. Finisterra do Pa?o Jo?o Matos Ferreira M��rio Raposo Ricardo Gouveia Rodrigues Anabela Dinis 《Journal of International Entrepreneurship》2011,9(1):20-38
This paper aims to identify some factors that may be explaining differences among secondary students in start-up intentions.
For that, the study develops an entrepreneurial intention model sustained by the use of Azjen’s Theory of Planned Behaviour
(TBP). Using a sample of students aged between 14 and 15 years old, a questionnaire based on the Li?án and Chen’s Entrepreneurial
Intention Questionnaire was administrated. The purpose is to test a model of entrepreneurial intention using structural equations.
The findings point that TPB is an appropriate tool to model the development of entrepreneurial intention through pedagogical
processes and learning contexts. The education and training should centre itself much more in changing personal attitudes
than in knowledge. Moreover, it is desirable that an entrepreneurship educational programme could contribute to the development
of competences related to entrepreneurship, social and civic skills, and cultural awareness. 相似文献
9.
The role of intellectual capital in the success of new ventures 总被引:1,自引:0,他引:1
Esther Hormiga Rosa M. Batista-Canino Agust��n S��nchez-Medina 《The International Entrepreneurship and Management Journal》2011,7(1):71-92
Identifying the factors that contribute to the success of new ventures is a difficult and challenging task. In that respect,
this paper proposes an analysis of the intellectual capital within new business ventures. Based on the study of a sample of
130 new companies, for the purpose of this work we have analysed the influence of the proposed intangible assets on the success
of newly-created organizations, acknowledging the key role of the human and relational capital in the first few years of the
life of the business. 相似文献
10.
Werner G��th Loreto Llorente Erviti Anthony Ziegelmeyer 《Journal of Evolutionary Economics》2011,21(5):843-852
The common prior assumption justifies private beliefs as posterior probabilities when updating a common prior based on individual information. We dispose of the common prior assumption for a homogeneous oligopoly market with uncertain
costs and firms entertaining arbitrary priors about other firms’ cost-type. We show that true prior beliefs can not be evolutionarily
stable when truly expected profit measures (reproductive) success. 相似文献