We develop distress prediction models for non-financial small and medium sized enterprises (SMEs) using a dataset from eight European countries over the period 2000-2009. We examine idiosyncratic and systematic covariates and find that macro conditions and bankruptcy codes add predictive power...

The "environment" factor has become increasingly important in business management. The relationship between the environmental behavior of the company and its economic performance has been one of the recurring themes of research, especially in the last two decades. However, many gaps still exist...

This paper studies the regional convergence of sub-national states in the case of Mercosur from 1961 to 2005 by using a non-parametric technique of clustering under the concept of \regime of performance". In the first section, a review in interregional convergence is shown for the Mercosur case....

The basic purpose of the study is to find a metric-variable of competitiveness for each country's tax regime and to assess the impact of tax regime differentiation across the common market. A country adopting competitive taxation policies manages to attract productive factors, funds and...

Der Lionsclub Düsseldorf-Hösel hat sich an dem Erwerb der ellipsenförmigen Skulptur der Düsseldorfer Kunstprofessorin Katharina Grosse beteiligt. Dieses farbige Kunstwerk misst 11 x 8 Meter (H x B) und ist am 17. September 2014 in einer Feierstunde der Öffentlichkeit übergeben worden. Es...

This paper seeks to quantify how the welfare of different types of household changed between 2006/07 and 2009/10; a period which included the 2008/09 recession. We use three measures of household welfare: income, expenditure and the equivalent variation metric. The equivalent variation is a...

The relation between religious organizations and political authority is notoriously tense. Max Weber argued that this is because both compete over the same resource: human commitment. This article revisits Weber’s hypothesis. Specifically, we explore two psychological mechanisms through which...

The effect of generous welfare benefits on unemployment is highly contested. The dominant perspective contends that benefits provide disincentive to work, whereas others portray benefits as job-search subsidies that facilitate better job matches. Despite many studies of welfare benefits and...

This paper analyses the link between sustainability-related innovation and sustainability performance and the role that family firms play in this. This theme is particular relevant from a European point of view given the large number of firms that are family-owned. Governments often support...