The aim of this paper is to identify whether the GARCH or the SV based models provide the best goodness of fit to financial time-series data. To investigate the issue, three different formulations for each type (i.e., the standard model, the fat-tailed model, and the asymmetric model) are...

Purpose – The aim of this article is to analyze and compare the share economy and the constitutional economy approaches. The fact that numerous world‐class multinationals have chosen to offer stock options to managers and bonus share incentives to employees denotes a realization that any...

In this essay, the author explores John Paul II’s thought on human work, and argues that, just as the Jesuit Henrich Pesch and members of his study group contributed directly to the preparation of Pius XI’s Quadragesimo Anno in 1931, Pietro Pavan helped advance John Paul II’s own thinking...

This paper provides evidence on the links between productivity and internationalisation choices for a large sample of both large and small-medium sized Italian firms. By using detailed qualitative and quantitative information we first identify those firms engaged in international activities...