This paper uses panel data from 271 U.S. firms to empirically examine the relationship between the departure of a firm’s CEO and that firm’s performance. Results of our analysis reveal a significant relationship between CEO departure type and firm performance. Specifically, we...

Water deficiency is a major concern in several arid and semi-arid countries, affecting public utilities, sustainable development, and economic welfare. This paper aims to empirically investigate the structure of water demand in residential, industrial, and tourism sectors in Tunisia by using...

This paper examines empirically the electricity market integration process for Germany, France and Italy countries by investigating possible price convergence. Two empirical approaches have been considered to investigate this issue : cointegration analysis and state space model with time varying...

This paper contributes to the empirical literature on Islamic finance by investigating the feature of Islamic and conventional banks in Gulf Cooperation Council (GCC) countries over the period 2003-2010. We use parametric and non-parametric classification models (Linear discriminant analysis,...

The impact of trade openness and technology transfer on the relative demand for skilled labor remains a puzzle. The empirical findings surrounding this question are in total contradiction with the prediction of traditional international trade theory. This paper addresses this puzzle by...

The main goal of this paper is to investigate whether the long memory behavior observed in many volatility energy futures markets series is a spurious behavior or not. For this purpose, we employ a wide variety of advanced volatility models that allow for long memory and/or structural changes :...