(WP 10/03 Clave pdf) We show that when the thresholds and the polychoric correlation are estimated in two stages, neither Pearson´s X² nor the likelihood ratio G² goodness of fit test statistics are asymptotically chi-square.We propose a new test statistic, Mn, that is asymptotically...

Internet telephony (VOIP) has the potential to transform the world of voice communications more profoundly than anything since the invention of the telephone itself. As telecommunications incumbents and a range of new entrants begin rolling out commercial VOIP services, policymakers around the...

Se plantea una aproximación a la evaluación del desempeño en las administraciones públicas que va de lo genérico a lo concreto a través del análisis de dos experiencias desarrolladas en España; se presta especial atención a sus potencialidades como instrumento de apoyo a una gestión...

Focusing on product development, this study extends the understanding of the environment-strategy framework and investigates the relative effect of two classical environmental variables, dynamism and complexity, on the knowledge strategy. Adopting a knowledge-based view, and assuming that the...

There are several economic reasons why investors might want to hedge local risk resulting from relative wealth concerns; namely, keeping up with the Joneses preferences and competition for local assets in short supply. In equilibrium, hedging for these purposes results in a negative risk Premium...

(WPE 05/04 Clave pdf) Las empresas tecnológicas incluyen las de la nueva economía y aquellas cuya base de negocio es el I + D. El objetivo de este trabajo es evaluar y determinar cuáles son los métodos más adecuados de valoración para empresas tecnológicas. En concreto, mediante la...

Algunas empresas están implementando políticas que ayuden a la conciliación entre la vida laboral y familiar como una estrategia para mantener el talento y favorecer el compromiso. Entre estas políticas podemos destacar la flexibilidad de horario, la reducción de jornada, el teletrabajo y...

ERP implementation success is influenced by a large number of factors. User involvement and participation is one of the most cited critical success factors in ERP implementation projects, and one of the most critical ones for their satisfactory outcome. This study attempts to define a set of...

Offering to customers a high variety of products while guaranteeing competitive prices and reasonable delivery times is an ever-increasing necessity for companies. At the same time, the growing technological content of products contributes further to this complexity, introducing new challenges...

This paper uses family embeddedness (Cliff and Aldrich, 2003) and Work Family Interface (WFI) (Jennings and McDougald, 2007) to analyze the effect of gender and income on the relationship between family employment and firm performance in the context of micro and small family enterprises. Our...