This study is a replication and adaptation of Jones and Hensher (2004) model in an emerging economy with the purpose of testing its eternal validity. It compares the logistic standard model's performance with the logistic mixed model to predict bankruptcy risk of Argentinean companies between...

The paper explains, through a quantitative model, how dedications to teaching and research are fixed in universities governed by interest groups, such as Argentines' public universities. To that end, utility functions of professors and a political cost function assumed by the Academic Council...