While language enables communication, it also provides a reassuring quality more closely related with issues linked with trust, social capital, and cultural identification. Research on the role of language as a learning process is widespread but there is little evidence on its role as a signal...

Using new data we analyze retrenchment programs before privatization, their effect on prices paid and re-hiring policies pursued by the new private owners. We find evidence in support of skimming and adverse selection. We find that some labor retrenchment policies have a negative impact on net...

Based on a newly assembled firm-level data set on corporate governance and firm performance for Mexico, we show that better firm-level corporate governance practices are linked to higher valuations, better performance and more dividends disbursed to investors. These results hold after...

Different bodies of literature emphasise the separate impact of the manufacturing sector and scientific capacity for competitiveness in developing countries. Scientific knowledge can increase productivity and promote innovation, while the manufacturing sector creates spillovers and generates...

Poverty is considered to be the most important cause of child labour and it deprives children of schooling and acquiring human skill. The poor children grow as unskilled workers and earn low wages in adulthood. So, poverty persists and the parents are forced to send their children to work and a...

In this paper I study the main determinants of successful reaccess to international capital markets on a set of emerging market countries after a financial crisis. I focus on three components of the reaccess strategy: commitment to pay, ability to pay, and global liquidity. I employ a panel of...

In this paper we investigate the connection between the number of competitors and the sustainability of collusion within the context of a infinitely repeated symmetric Cournot model where only a subset of firms cooperate. We show that, in our model, an increase in the number of cartel firms may...