(WP03/03 Clave pdf) We consider the estimation of multivariate normal structural models that have been discretized according to a set of thresholds. A popular estimation procedure for this restricted multinomial model consists in the following three stage estimator: First, estimate by maximum...

(WPE 05/03 Clave pdf) La obtención de mejores resultados a partir del conocimiento exige la instauración de unas condiciones de gestión orientadas tanto a la reunión de conocimientos efectivos como a su movilización activa; estos esfuerzos organizados han recibido el nombre de "gestión del...

We study the effects that relative (to a benchmark) performance evaluation has on the provision of incentives for the search of private information when managers are exogenously constrained in their ability to sell short and purchase on margin. With these portfolio constraints we show that...

Using a contingency perspective, this paper examines the conditions under which telecommuting is most likely to be adopted with data obtained from a sample of 122 CEOs. We hypothesized that telecommuting fits better in younger organizations, firms with a higher proportion of women and...

The present work intends to open new avenues for research under this implementation-based approach. In an exploratory analysis, we propose and test a type of measure, the intensity of HR practices implementation at the individual level, that has been barely used in the HRM-performance literature...

(WP08/02 Clave pdf) There is a growing interest in empirical research in operations management. The Q-sort method, which is a method of assessing reliability and construct validity of questionnaire items at a pre-testing stage, is described. The method is cost efficient and simple, yet provides...

(WP 02/03 Clave pdf) The common factor model assumes a linear relation between the observed variables and a set of underlying latent traits. It also assumes that the linear coefficients, intercepts and slopes (factor loadings), linking the observed variables to the latent traits are fixed...

In ES implementations, process modelling is a critical and often overlooked activity. This paper proposes a framework for process modelling of ES. The four steps method involves: Current Situation Analysis, Business Process Improvements and Requirements, Gap Analysis, and To-be process to...

There has long been a consensus that generous unemployment benefits probably raise unemployment rates.The link has been difficult to demonstrate, since existing indicators on the generosity of unemployment benefits overlook key aspects of the system that may influence worker response.The author...

We study an international asset pricing model where agents have preferences defined over their own consumption as well as the contemporaneous average or per capita consumption in their own country. These have been termed "keeping up with the Joneses" preferences. In the presence of...