Bayesian Model Averaging (BMA) provides a coherent mechanism to address the problem of model uncertainty. In this paper we extend the BMA framework to panel data models where the lagged dependent variable as well as endogenous variables appear as regressors. We propose a Limited Information...

Empirical accounting research frequently makes use of data sets with a time‐series and a cross‐sectional dimension ‐ a panel of data. The literature review indicates that South African researchers infrequently allow for heterogeneity between firms when using panel data and the empirical...

Purpose – This paper aims to investigate the joint effect of board characteristics on financial performance. Most of the existing literature implicitly assumes that the relationship between either board composition, or board leadership structure and financial performance is direct....

Purpose This study aims to examine the influence of institutional quality on the relationship between economic growth and banking sector concentration. Design/methodology/approach The sample of our study covers 15 Middle East and North African (MENA) countries over the period 1996-2010. The...

Purpose – The purpose of this paper is to examine the influence of the political partisanship of government in charges of returns on the European stock markets. The authors found a large body of research investigating this issue for the case of US stock market but less evidence for the...

Purpose – The purpose of this paper is to analyze the changing trend of China's power project investment value. Design/methodology/approach – The authors research the profitability of different power projects in recent years and summarize the reason why investment value varies between...

Purpose – The purpose of this paper is to refine the resource-based theory of the firm. It intends to deal with key theoretical issues affecting the development of a model that empirically captures the relevance of knowledge to performance. The research task is not only to look inside the firm...

We all understand the basic principles underpinning marketing activity: to identify unfulfilled needs and desires and boost demand for the solutions a product is offering. The mantra is always ""sell more"". De-marketing tries for the very opposite. Why would a company actively try to decrease...

This study presents novel empirical evidence on the optimal disaggregated public debt-growth threshold in the WAMZ over the period 1996-2022. Determining the public debt-growth threshold in a disaggregated form is crucial for macroeconomic policy measures in the region to curb high public debt...