In this paper, we investigate how oil price volatility affects the strategic investment decisions of a large panel of US firms. This paper uses key insights from the real options literature to develop a model of a company's strategic investment and shows how changes in oil price volatility can...

While smaller firms are less likely to undertake as many environmental practices as larger firms, extant literature suggests that smaller firms may be more responsive to stakeholder pressures. This paper contributes to the development of stakeholder theory by deriving a size moderated...

The sectoral fluctuations that occurred during Mexico's 1993 recession are studied. The 1993 recession differed from other recessions in that it was preceded by a period of low inflation and positive government surplus. Our empirical analysis suggests that slowdowns in natural resource intensive...

In this paper, a model of the determinants of environmental management practices and the impact of these practices on environmental performance is described and tested using Canadian manufacturing facility-level data. Our results show that Canadian manufacturing facilities have indeed undertaken...

The cost of equity is important in valuing new investment opportunities and in evaluating the ongoing performance of existing business projects. This is especially true in the new economy biotechnology industry. The purpose of this paper is to calculate the cost of equity for the Canadian...

With the worldwide increase in the adoption of environmental management systems (EMSs), some research has emerged that evaluates the reasons why facilities adopt them. However, there is little information about how these motivations extend to different international settings, and the link...

In this paper, the authors investigate the export-led growth hypothesis for Canada by constructing a vector autoregression in order to test for Granger causality between the following variables: real Canadian exports, real Canadian GDP, and real Canadian terms of trade. Two principal results...

An empirical investigation into the determinants and persistence of Canadian tariff rates was conducted. Empirical results indicate that both U.S. tariff rates and real Canadian GDP have causal influence on Canadian tariff rates. Canadian real trade balance and political affiliation, however,...