Management buy-outs have become an international phenomenon, yet important differences exist between countries in the nature of buy-outs. In the early 1990s, the differential impact of recession has brought two important issues to the fore. The first involves the contribution of buy-outs to...

We design a commitment contract for college students, "Study More Tomorrow," and conduct a randomized control trial testing a model of its demand. The contract commits students to attend peer tutoring if their midterm grade falls below a prespecified threshold. The contract carries a financial...

BEIS appointed Professor Nick Wilson to conduct a quantitative assessment of the small and medium-sized enterprise (SME) equity finance gap in the UK. The report explores the differences in overall levels of equity finance between UK regions and the causes of these differences. The research uses...

This paper examines the institutional characteristics of UK ESOPs and considers the extent to which ESOPs extend employee participation and industrial democracy. It is suggested that ESOPs in themselves do not extend industrial democracy. Instead patterns of employee participation are...

The purpose of the paper is to test the hypothesis that food safety (chemical) standards act as barriers to international seafood imports. We use zero-accounting gravity models to test the hypothesis that food safety (chemical) standards act as barriers to international seafood imports. The...