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Using a panel of 1122 UK firms listed on the London Stock Exchange over the period of 1981 to 2009, endogenous switching regression models (SRM) incorporating a predicted corporate efficiency index are estimated in this paper in an effort to clarify the role of cash flow in examining the impact...
Persistent link: https://www.econbiz.de/10013051438
This paper proposes a theoretical framework to analyze the impacts of credit and technology shocks on business cycle dynamics, where firms rely on banks and households for capital financing. Firms are identical ex ante but differ ex post due to different realizations of firm specific technology...
Persistent link: https://www.econbiz.de/10013119292
financing systems aimed at increasing the competition between universities by making their pubic funds dependent on their … increased competition between universities causes grade inflation …
Persistent link: https://www.econbiz.de/10013118471
The formation of human capital is important for a society's welfare and economic success. Recent literature shows that child health can provide an important explanation for disparities in children's human capital development across different socio-economic groups. While this literature focuses...
Persistent link: https://www.econbiz.de/10013124469
, inequality is highly responsive to the increase in product market competition triggered by domestic regulatory reform …
Persistent link: https://www.econbiz.de/10013058310
wages; the most widely accepted theoretical explanations interpret the unemployment rate as a measure of job competition …. This paper proposes new ways of measuring job competition, alternative to the unemployment rate, and finds that the … negative relationship still holds when job competition is measured following the job search literature. While for men the wage …
Persistent link: https://www.econbiz.de/10013147373
behavior by presenting a framework of competition between two contestants from two different groups. The results are examined …
Persistent link: https://www.econbiz.de/10013141211
effect of private-school competition on students' entrepreneurial intentions. We exploit Catholic-Church resistance to state …
Persistent link: https://www.econbiz.de/10013141425
Recent human capital theories predict that labor market frictions and product market competition influence firm …, product market competition does not have an effect on firm-sponsored training. We conclude that increasing competition through …
Persistent link: https://www.econbiz.de/10013141732
The paper links finance theory to labor economics and political economy in the context of migration and immigration …
Persistent link: https://www.econbiz.de/10013092819