This paper examines if a portfolio of firms with the best training program consistently outperforms the market. This study constructs an equally-weighted portfolio of top 10 companies ranked in the Training Top 125 each year from 2001 to 2010. In particular, this study compares the performance...

We examine how a student’s major and the institution attended contribute to the labor market outcomes of young graduates. Administrative panel data that combine student transcripts with matched employer-employee records allow us to provide the first decomposition of premia into individual...

We propose a duration-based explanation for the major equity risk factors, including value, profitability, investment, low-risk, and payout factors. Both in the US and globally, these factors invest in firms that earn most of their cash flows in the near future. The factors could therefore be...

This brief addendum on Rubin focuses more particularly on its insolvency aspects. As Justice Handley has noted, the judgment of Lord Collins gives the quietus to the burgeoning doctrine of "modified" universalism which had held sway since the opinion in the Privy Council of Lord Hoffmann in...

Not withstanding the positive social implications to diminish the country's housing deficit and stimulate labor demand in the civil construction area, this study proposes to evaluate the specific government aspect as manager of a fully funded program destined unemployment compensation (Fundo de...