The purpose of this paper is to provide empirical evidence on the effects of a banks equity holdings in firms on the banks performance. The analysis is based on accounting measures of Spanish banks, from 1992 to 2000. The findings support a positive relation between total equity stakes and bank...

In organizational ecology, we find the analysis of the impact exerted by competition between populations on vital ratios to be relatively under-developed. This paper intends to address this issue by developing new competition measurements whose common denominator is to give importance to...

The main objective of this work is to reflect the structural changes that have characterized the aluminium industry over the last few decades. I order to capture the changes in competition I have estimated cost and related it to output prices by illustrating the effect of the prevalent industry...

Moral issues greet the business community constantly, confronting us with problems on handling accounting rules that can determine a company’s future. We are bombarded with news regarding fraudulent activities in companies that mishandled accounting rules leading to undermining the confidence...

In modern corporations, the Operations Manager’s role in defining of firm’s strategy is becoming more important. In this paper we describe how firms can use this tendency for Operations Managers to make strategic decisions as a mechanism to prevent inventory mismanagement. These managers...

Many advantages have been ascribed to the Internet. Although it lacks the necessary elements to be regarded as a strategic resource, the Internet seems to be a useful tool to provide support for business strategies.In this work we discuss how the Internet can be used to support the development...

Computing equilibria in general equilibria models with incomplete asset (GEI) markets is technically difficult. The standard numerical methods for computing these equilibria are based on homotopy methods. Despite recent advances in computational economics, much more can be done to enlarge the...

Varios artículos, desde la teoría de la organización, han contrastado la existencia de relaciones negativas entre rentabilidad y riesgo, si bien sus resultados son cuestionables, principalmente por la falta de identificación del sistema. En este artículo, superamos este problema mediante un...

En este trabajo aportamos evidencia empírica acerca de la participación de los empleados en la toma de decisiones de la empresa. Utilizamos una base de datos (EPOC) de más de 5700 establecimientos de toda Europa, y comparamos la situación española con la del resto de países europeos. La...

Las anomalías que surgen en el cálculo y la interpretación del Valor Actual Neto (VAN) y la Tasa Interna de Rendimiento son fácilmente superables, teniendo en cuenta las propiedades reales del VAN y redefiniendo adecuadamente lo que es una inversión y un crédito