In listed companies, the Board of directors has ultimate responsibility for information disclosure. The conventional wisdom is that director independence is an essential factor in improving the quality of that disclosure. In a sense, this approach subordinates expertise to independence. We argue...

To obtain “1.2 million additional research personnel” necessary to “irrigate” the science-based industries, EU stresses, it is not sufficient to increase the investment in research alone. The motivation behind several brain drain policies implemented in Europe in recent years is to stop...

This article reviews the theoretical and empirical literature on the Brain Drain (BD hereafter). This literature starts in the 1950s and focuses on different economic and social topics. We survey about 400 articles which treat the BD's phenomenon. Through the complete list of articles would be...

The debate on the effects of high skilled migration (Brain Drain) has recently intensified. Actually, the BD literature is not adequate to explain the European Brain where there are not strong differences between sending and receiving country and there is a bi-directional BD. To cover this lack...

To obtain the "1.2 million additional research personnel, including 700.000 additional researchers" necessary to "irrigate" the industries science-based, The EU stresses that it is not sufficient increase the investment in Research. We have to stop the European Brain Drain. We have to reverse...

This paper develops a theoretical analysis of share market price formation driven by accounting and market structures. Interacting heterogeneous investors are assumed to discover and process fundamental information disclosed by accounting system of share-issuing entity. Information set available...

This paper develops a model of share price formation driven by accounting and market structures. Heterogeneous investors are assumed to discover and process fundamental information disclosed by the accounting system. The information set available to share market investors is then jointly...

This paper reviews the theoretical and empirical literature on Brain Drain (BD). We propose an ideal path that links the first studies with the most recent ones. In this development, the literature on BD focuses on a variety of economic and social issues and recalls to national and international...

In this paper we study Brain Drain (BD) and Fiscal Competition (FC) in a unified framework for the European Union (EU) specific context. Potential mobility of educated workers can increase the degree of FC through taxation or the provision of public education. An increase in FC can be caused by...