Crowdfunding occupies a hybrid regulatory space. Directed to “public investors,” it receives an exemption from Securities Act registration similar to that available to “private issuers.” Critical to the success of this regulatory experiment, which has great potential and much risk, is...

The competitive advantage of the European Union in the maritime industry sector has to be sustained and depends mainly on the sector's performance, its flexibility and continuation of competitiveness. In this regard, shipbuilding is an important and strategic industry in a number of European...

In this paper, we estimate a dynamic panel data model to determine the effect of various institutional factors on the performance of a sample of Colombian companies during the period 2002-2007. Our results indicate that the analyzed companies are affected by these factors. Institutions...

Using the familiar insight that principals and agents can jointly gain by reducing agency costs, this essay argues (1) that lawyers hoping to attract clients should seek to improve the quality of representation in mass tort cases and to signal their reliability and honesty; (2) that lawyers have...

This paper presents a way to build a conceptual framework for establishing the economic impact of human resources on projects in the product market. The starting point for this search is the rejection of the assumption of the substitutability of human capital, ingrained in nearly all discussions...

As a common practice, various firms initially make information and access to their products/services scarce within a social network; identifying influential players that facilitate information dissemination emerges as a pivotal step for their success. In this paper, we tackle this problem using...

Spanish Abstract: Un problema que enfrenta la floricultura en México, es la baja vinculación entre los sectores gubernamentales responsables de apoyar con recursos a los productores, es por ello, que existen deficiencias en la gestión, divulgación y aplicación de los diversos tipos de...

Firms in post-transition economies are frequently considered less efficient than those in more advanced market economies. By relying on the World Bank Enterprise Survey for the year 2019, firm-level technical inefficiency is estimated by the stochastic frontier analysis method for a sample of...

We analyze the extent of the integrated control of the state over privatized firms during the post-privatization decade (1995–2005) in the Czech Republic. During this period the integrated control potential of the state resembled a corporate pyramid. While pyramidal control was not fully...

Individuals' output often depends not just on their ability and actions, but also on external factors or fundamentals, whose effect they cannot separately identify. At the same time, many individuals have incorrect beliefs about their own ability. Heidhues et al. (2018) characterise...