nominal variables. Money is not neutral, either in the short-run or long-run, and a localized version of the quantity theory … towards Pareto optimal rest-points. Below this growth rate, the economy enters a (sub-optimal) liquidity trap where monetary … policy is ineffective ; above this threshold inflation rises. Finally, market liquidity, measured through the speed of real …

The theory of the firm and corporate governance are two fields of analysis traditionally tackled separately in the …, this analytical interconnection should be restored. On the basis of Critical Resource Theory, we present an innovative …

Profit manipulation has been largely studied through Positive Accounting Theory (PAT). However, the weakness of the … governance model has fostered such behaviour. Far from the opportunism hypothesis supported by Positive Accounting Theory, profit …