This paper aims to provide a detailed statistical descriptive analysis for the distribution of regional investments. In doing so, it used a novel dataset related to planned investment projects for Espírito Santo's municipalities during the 2009-2014 period. Additionally, we present results...

Corruption is believed to be a major factor impeding economic development, but the importance of legal enforcement versus cultural norms in controlling corruption is poorly understood. To disentangle these two factors, we exploit a natural experiment, the stationing of thousands of diplomats...

We study cultural norms and legal enforcement in controlling corruption by analyzing the parking behavior of United Nations officials in Manhattan. Until 2002, diplomatic immunity protected UN diplomats from parking enforcement actions, so diplomats' actions were constrained by cultural norms...

The literature is unclear about how firm and country effects influence performance over time. Under the initial hypotheses that there are significant changes in the performance of companies operating in Brazil in recent years and that these variations are due to existing characteristics in each...

The use of models that involve longitudinal data in accounting and finance is common. However, there is often a lack of proper care regarding the criteria for adopting one model over another as well as an insufficiently detailed discussion of the possible estimators to be studied in each...