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We analyze the effect of the degree of judicial enforcement on the probability of credit constraints, the amount of loan and the probability of default. Contrary to the traditional view on judicial efficiency of credit market, our estimation results show that better judicial enforcement...
Persistent link: https://www.econbiz.de/10008792424
In this paper, we try to measure the impact of the changes in French bankruptcy law in the 19th century focusing on the behaviour of economic agents as users of bankruptcy law for the sake of finding the best solution to their economic problems. Debtors used bankruptcy law in order to minimize...
Persistent link: https://www.econbiz.de/10010739071
We examine the value relevance of accounting fundamentals after the mandatory transition to IFRS in Greece. We find no significant change in the value relevance of book value of equity and earnings between the 2004 pre IFRS and 2005 post IFRS periods and conclude that the accounting framework is...
Persistent link: https://www.econbiz.de/10008791493
This paper studies the impact of product and labor market regulations on informality and unemployment in a general framework where formal and informal firms are subject to the same externalities, differing only with respect to some parameter values. Both formal and informal firms have monopoly...
Persistent link: https://www.econbiz.de/10008855584
Americanism as a central point of the political, social, intellectual and academic agenda in Spain: some explicative … notes This paper focuses on the different factors that make Latin Americanism in Spain so different from that in the rest of …, the relevant presence of both Spanish settlers in Latin America and Latin American ones in Spain, as well as the presence …
Persistent link: https://www.econbiz.de/10010820816
This chapter examines the relations between training, skills, credentials and the wage in France, Spain and the United …
Persistent link: https://www.econbiz.de/10008791917
Las experiencias en cooperación en el ámbito del turismo y el desarrollo, fruto de la dilatada colaboración entre investigadores españoles y latinoamericanos, ha sido importante. Así lo constatan el número de proyectos financiados por el Programa de Cooperación Interuniversitario de la...
Persistent link: https://www.econbiz.de/10010898581
Las ciudades históricas, en especial las Ciudades Patrimonio de la Humanidad, constituyen uno de los principales referentes culturales de España y Latinoamérica. En este texto se abordan los resultados de una investigación comparada sobre este tipo de ciudades a nivel de España y México,...
Persistent link: https://www.econbiz.de/10010898689
may be also too restrictive. The recent modernisation of irrigation practices in Spain highlights that the rebound effect …
Persistent link: https://www.econbiz.de/10010898730
Prior to the 2008 financial crisis, the economic model of PPPs benefited from a very favorable environment in terms of credit availability and cost. The high level of liquidity in financial markets allowed rising abundant and not expensive external resources, because of both the low level of...
Persistent link: https://www.econbiz.de/10010541078