We study internalization of production externalities in perfectly competitive markets where production plans are decided by majority voting. Since shareholders want firms to maximize dividends of portfolios rather than profits, they are interested in some internalization. Two governances, namely...

Desde el punto de vista teórico hay muchas preguntas aún si responder en torno a la empresa. Por ejemplo por qué existen, cómo coordinan, cómo se desarrollan, cuáles son los límites a su tamaño y a su tasa de crecimiento y cuál es su frontera. Las respuestas que distintos autores han...

We explain a counterintuitive empirical finding: Firms facing more import competition do more innovation. In our model, factors are trapped inside a firm. An increase in import competition encourages a firm to innovate by reducing the opportunity cost of inputs. Without trapped factors, trade...

This paper is focused on the creation and development of New Technology Based Firms (NTBFs). Because their number in Italy is very low, we decided to investigate a small sample in order to highlight problems and obstacles. A direct inquiry has been carried out in the Trieste area and 22 small...

This paper documents some of the main features of price setting behaviour by retail outlets in Lesotho over the period March 2002 to December 2009. The sample of data covers 229 product items for 345 retail outlets. The paper has three main objectives. Firstly, it presents key indicators of...

This paper synthesizes the expanding corporate social responsibility (CSR) literature. We define CSR from an economic perspective and develop a CSR taxonomy that connects disparate approaches to the subject. We explore whether CSR should exist and investigate conditions when CSR may produce...

The research examined the effect of different human resource practices such as staffing, training, participation, performance appraisal, compensation, and caring on organizational performance. Data were collected from 100 respondents based on self-administered questionnaire. Results indicated...