I propose a method identification of structural vector autoregressions (SVARs) and simultaneous equations models (SEMs) with orthogonal structural shocks using testable identification restrictions. If some sparsity conditions are satisfied, the method produces a set of testable inclusions and...

We examine the effect of shareholder coalitions on the corporate payout policy in Spain, a context characterized by the presence of dominant shareholders. Our results show that shareholder coalitions affect payout policy negatively (both for dividends and shares repurchases). This finding...

In this paper we explore relationships between corruption perceptions and such characteristics as the size of shadow economy, GDP per capita, well-being, the Happy Planet Index (HPI), and quality of institutions. Special attention is paid to the comparison of transitional economies with...

The paper attempts to contribute to the ongoing debate on the impact of executive’s behavioral pattern on the speed and effectiveness of the organizational transformation. Authors consider the large-scale reform of school education system launched in the Russian Federation and look at the...

This study explores the successful strategies of companies during the 2008-2009 economic crisis. We investigate whether it is reasonable for companies to intensify intangibles when markets fall. This paper aims to find empirical evidence that companies with a clear intangible-intensive profile...

The study is focused on an important stage in the process of shaping and functioning of Ivan Andreevich Krylov’s public image. A unique behavioral strategy created by the fabulist in the 1800s synthesized literary pattern with the everyday life. It not only provided Krylov with the most...

The paper explores the effect of firm size on the relation between intangible resources and companies’ performance (ROA). The authors identify six types of intangibles: human resources and management capabilities, innovation and internal process capabilities and customer loyalty and networking...

This article describes the development of tools for parental evaluation of the quality of services in municipal kindergartens. The parents’ point of view is required as part of a complex evaluation of the quality of educational services in order to make an evidence-based educational policy. We...

The objective of this paper is to describe cross-country similarities and differences in national pride and to explain national pride variations on the individual and country levels. The analysis in this paper is applied to different measures of national pride, with some of them being relatively...

We combine agency theory with the law and finance approach to analyze how the legal protection of investors and the corporate ownership structure affect the corporate investment in research and development (R&D). We use information from 1,091 firms from the five most R&D intensive industries in...