The relationship between crime and immigration has been a matter of controversy in the United States and around the world. This paper investigates empirically the case of Spain. From 1999 to 2009, Spain had a large wave of immigration from different areas of the globe. At the same time, crime...

Based on two theoretical works, Burgstahler y Dichev (1997) and Zhang (2000), this paper tests an option-style valuation approach whose main prediction is that market value is a convex function of both earnings and book value, where the function depends on the relative values of earnings and...

The relationship between crime and immigration has been a matter of controversy in the US and around the world. This paper investigates empirically the case of Spain. From 1999 to 2009, Spain has had a large wave of immigration from different areas of the globe. At the same time, crime rates...