En este trabajo procedemos a caracterizar las empresas que colaboran con Centros Tecnológicos. Las investigaciones empíricas de Cassiman & Veugelers (1998b) y Bayona (2000), junto a los enfoques teóricos del cambio tecnológico y de las motivaciones para colaborar tecnológicamente, serán...

This paper examines the governance of Spanish Banks around two main issues. First, does a poor economic performance activate those governance interventions that favor the removal of executive directors and the merger of non-performing banks? And second, does the relationship between governance...

This paper examines the governance of Spanish banks around two main issues. First, does poor economic performance activate governance interventions that favor the removal of executive directors and the merger of non-performing banks? And second, does the relationship between governance...

The paper analyses the ownership structure of a large sample of Spanish listed companies. The results are analysed in terms of governance implications under the agency theory context. The results show a picture with concentrated ownership where stock markets are relatively low important. Direct...

The paper examines the effectiveness of corporate governance mechanisms in a context characterised by fully outside boards. The internal governance mechanisms studied comprise CEO replacement, Board of Director's turnover and Chairman replacement in firms with ownership diversity. We find that...

We present a two-period model within an incomplete information setting,where competitive and cooperative features of different lenders are shown. First, a pair of lenders must agree to compete for two firms' projects against other fund providers. Second, there is a competition for the financing...

The paper examines the effectiveness of corporate governance mechanisms in the Costa Rican banking sector, an industry characterised by fully outside boards. Using a rich data set from the Costa Rican Central Bank for the period 1999-2004, we carry out a regression analysis using the GMM...

In this article, we study the impact of implementing corporate social responsible (CSR) practices on firms’ inventory policy. We propose that there is an inverted U-shaped relationship between firms’ CSR and their inventory levels. Two elements explain such a proposal. First, stakeholders...