Purpose – This paper aims to analyze how financial system turmoil affected unemployment in industrial countries during the period 1982 to 2003. Design/methodology/approach – The paper uses annual data on 17 industrial countries. It employs the International Monetary Fund's financial stress...

During the course of European integration social policy has become an increasingly important policy area of the European Union. The paper analyses whether the EU’s social‐policy measures improve the living conditions of the socially weaker groups. All three areas of European social policy...

In the course of cultural evolution, certain institutions have emerged and become dominant in the Western world that have led to an unprecedented rise in prosperity and population. This paper first explains the characteristics and significance of cultural evolution. Subsequently, it explains the...

Eckbo, Masulis, & Norli (2000) question previous examination of initial public offering (IPO) underperformance with the keen argument that the increase in the number of traded shares and the infusion of equity reduce two significant premia in the stock’s return, namely, liquidity risk and...