Purpose of this paper. The purpose of this paper is to provide new evidence on the issue of the effect on public enterprises economic performance of the introduction of some given changes in organisational status and management practices, while keeping the enterprises under public control....

For the last 30 years the abundancy of quantitative models about insolvency prediction in the financial and accounting literature has awaked a great interest among the specialists and researchers of this field. What in the beginning were a few models with a unique objective, has derivated in a...

The primary purpose of this exploratory empirical study is to examine the structural stability of a limited number of alternative explanatory factors of strategic change. On the basis of theoretical arguments and prior empirical evidence from two traditional perspectives, we propose an original...

El objetivo de este trabajo es analizar la influencia que tienen las instituciones en la actividad emprendedora, utilizando como marco teórico de referencia la Teoría Económica Institucional. A partir de un modelo de datos de panel y con información del Global Entrepreneurship Monitor (GEM),...

Este artículo tiene como objetivo realizar un análisis de la reforma laboral del mercado español mediante la utilización de derivados financieros reales. El trabajo consiste en modelizar la función incentivo del contratador desde el punto de vista de una cartera de derivados con el fin de...

We investigate the role of earnings quality in determining the levels of segment disclosure, and whether and how better quality earnings and segment disclosure influences cost of capital. Using a large US sample for the period 2001-2006, we find a positive relation between earnings quality and...

Conservatism, through the timelier recognition of losses in the income statement, is expected to increase firm investment efficiency through three main channels: (1) by decreasing the adverse effect of information asymmetries between outside equity holders and managers, facilitating the...

We develop a mediation model in which firm size is proposed to affect the scale and quality of innovative output through the adoption of different decision styles during the R&D process. The aim of this study is to understand how the internal changes that firms undergo as they evolve from small...

This article analyzes the different perceptions of both male and female potential entrepreneurs from three European regions differing in their respective level of economic development and entrepreneurial culture. We use an extended cognitive model of entrepreneurial intentions based on the...