This paper uses the multiple variance ratio test procedure developed by Chow and Denning (1993) to test for a random walk of stock returns on the Austrian Stock Exchange. I find that with daily data the test rejects the random walk hypothesis at all conventional significance levels for each and...

We analyse cross-border co-operation of Austrian firms with CEEC partners. Firm size, previous experience with co-operation and depth of integration with the most important partner are more important determinants of co-operation than distance to the closest potential partner. Firms with...

This paper analyses the co-operation activities of small Austrian firms with the CEEC and compares them to those of larger firms. Small firms are less likely to engage in cross-border co-operation than larger firms, more likely to co-operate in ownership based forms of co-operation but less...

This paper uses a data set covering 9 EU15 member states and 7 candidate countries and new member states to compare inter-regional migration patterns in the 1990s. We find that migration is lower in candidate countries and new member states than in EU15 member states. Also in contrast to the...