The objective of this study is to determine the effect of relevant variables related to strategic sources of financial resources — in our case, suppliers' trade credit and use of financial institutions — over performance among Spanish construction firms. By analyzing a large dataset...

This paper proposes a managerial control tool that integrates risk in efficiency measures. Building on existing efficiency specifications, our proposal reflects the real banking technology and accurately models the relationship between desirable and undesirable outputs. Specifically, the...

This study analyses how the entrepreneurial ecosystem and different types of entrepreneurship — i.e., quantity (Kirznerian) and quality (Schumpeterian) entrepreneurship — impact regional performance, in terms of gross value added per worker and employment growth. By analysing 121 European...

This paper examines the relationship between performance and CEO turnover in Spanish listed and large unlisted firms for the period 1998-2004. Following the Bover and Arellano (1997) approach, we carry out a dynamic binary choice model where the decision to replace a CEO includes lags of the...