The study focuses on the analysis of market orientation and its effects on two of the most significant sectors in the Valencian Community: the ceramics sector and the tourism sector. Particularly, there arises the need for companies in these sectors to adopt market orientation as a management...

This paper treats of a public investment project in an important area named themediterranean arc. Specifically, it is dedicated to design and value an expansion projectof a shipping port. The valuation methodology is based on the contingent claimsanalysis, using equilibrium arguments. This...

The paper examines the origin of the differences in the wage distribution between native-born and immigrant workers in the Spanish labour market, paying special attention to the effect of immigrant segregation into low-paying occupations and firms. Our evidence reveals that immigrants from...

This paper analyzes the role of religious conflict in the process of development of a country. We construct an index of religious polarization using data on the proportions of each religion in a country. The index of polarization is an alternative to the usual fragmentation index. We argue that...

This paper analyzes the relationship between human capital and convergence with a model that takes into account the different effects of human capital accumulation on regional convergence. As an input, human capital produces convergence due to both decreasing returns and public intervention on...

This study analyses cost and revenue inefficiencies for a sample of European railway companies. On the basis of a DEA model we calculate cost and revenue inefficiencies, decomposing them into inefficiencies of a technical or allocative type. It is observed that inefficiencies in revenues are...

As a result of the publication of the Code of Corporate Good Governance in 1998, known as the Olivencia Code, some companies voluntarily created an audit committee, after the recommendation of the Code in which all companies, especially listed, were encouraged to create them. Therefore, the aim...

Although traditional immunization offers protection against parallel movements of theterm structure of interest rates (TSIR) exclusively, numerous studies have shown that thisstrategy offers near perfect immunization at an empirical level. This work reveals some of thefactors that justify this...

In view of the limited interest that external users have in financial reporting by local governments, the harmonization of their accounting standards will depend on the international convergence of their information requests for management. In that sense, this paper contributes to analyze...

The main purpose of this paper is to identify the pattern of convergence of theeconomic environments that characterise the European Local Governments. In thisregard, our findings suggest that the key factors of the environment have not tended toconverge across Europe. The convergence has taken...