This paper summarizes reactions to the theory of contestable markets and industry structure. The reactions came immediately after the theory was published. The summary finds that the proposed theory stands on sound grounds. However, empirically the theory leaves much to be desired especially for...

This paper has as objective to do an analysis of five competitive forces of non-alcoholic industry and e-commerce industry at the global level. The state of five competitive forces in both industries will depend always of evolution of these industries and government policies of the different...

Since the process of globalization era, we can always lived in economics of knowledge. The cicle of economics founded on knowledge are compost by three components: the investment in knowledge; the production and the diffusion of information technology and communication (ITC) and the institutional...

The paper studies whether and how CEO turnover in Ukrainian firms is related to their performance. Based on a novel dataset covering Ukrainian joint stock companies in 2002-2006, the paper finds statistically significant negative association between the past performance of firms measured by...

This paper assesses the impact of R&D efforts on production in the North and Centre-South of Italy by using a panel of 1203 manufacturing firms over the period 1998-2003. The estimations are based on a nonlinear translog production function augmented by a measure of R&D spillovers. This measure...

Vacancy chains can be tracked in any context where a the availability of a desirable resource triggers a cascade of occupations through which the scarce resource flows through different owners. However, under certain conditions vacancy chains, rather than markets or other forms of competition,...

Confirming the well known thesis knowledge is power, A. Toffler argued that the knowledge based society represents the acme of the human society development and P. Drucker said that the developed countries passing through the knowledge based society represents the biggest change of the modern...

This paper analyses the use of strategies and instruments for organising ethics by small and large business in the Netherlands. We find that large firms mostly prefer an integrity strategy to foster ethical behaviour in the organisation, whereas small enterprises prefer a dialogue strategy. Both...

The main aim of the paper is to identify the succession strategies (especially the ways in which they attempt to balance the strive to maintain family’s control over the company with the goal of firm’s growth) of the first generation of Polish entrepreneurs. Research survey was conducted on...

The paper discusses the changing borders of ICT sector and patterns of hiding economic activities and provides various estimates of informal economy employment and turnover in the sector of information and communications technologies in Bulgaria.