The paper proposes the use of panel data unit-root tests to assess market-share instability in order to obtain indications of industry dynamics. The idea is to consider movements in market shares as much more than mere elements of the market structure. In fact, these movements reflect conduct...

This article investigates the effects of different job categories on households' likelihood of experiencing financial distress. Given imperfect financial markets and the absence of unemployment subsidies, households with less secure jobs are likely to experience drops in income more frequently...

This study investigates the effects of close ties between firms and banks – as measured by the share and length of the relationship with the main bank, and by the number of lenders – on a firm's ability to develop innovation and introduce new products. As these effects may vary depending on...

Credit reporting systems are an important ingredient for financial markets. These systems are based upon the unique identification of borrowers, which is enabled if a compulsory national identification system exists in a country. We present evidence derived from difference-in-difference analyses...

This study investigates the relationship between labour market flexibility—proxied by the proportion of workers with different contractual arrangements and other indicators of flexible work relations—and firms' innovative ability, as measured by the percentage of new products in total sales....

This article investigates the determinants of reciprocity towards the experimenters in the lab under a flat-wage scheme. We find that personality attributes - such as agreeableness - help predict the behaviour of the subjects. We additionally propose and assess a general measure of reciprocity.