In this paper we examine how different host country characteristics affect the location decision of Spanish multinational firms in developing and transition countries, particular attention being paid to the sectoral composition of foreign direct investments (FDI). The estimation of a set of...

We report results from an asset market experiment, in which we investigate how the time path of the fundamental value trajectory affects the level of adherence to fundamentals. In contrast to previous experiments with long-lived assets, there is a phase in which fundamental values are constant...

Recent literature has shown how relevant social capital may be as an important determinant of economic growth. However, the empirical evidence in contexts such as Europe, particularly at the regional level, is still scant, and its likely implications for income convergence are entirely...

After two decades of academic debate on the social capital-growth nexus, discussion still remains open. Most of the literature so far, however, has followed the one-size-its-all approach, neglecting that the great disparities across geographical units might have implications in this...

This paper analyzes the factors that directly influence levels of debt in Spanish local governments. Specifically, the main objective is to find out the extent to which indebtedness is originated by controllable factors that public managers can influence, or whether it hinges on other variables...

This article evaluates the evolution of environmental performance in the context of the European Union (EU), over the period 1993–2010. The context is particularly relevant, due to the traditionally high concerns of the EU about these issues, which has triggered off several initiatives and...

We analyse the performance persistence and survivorship bias of Islamic and Socially Responsible Investment (SRI) funds. The remarkable growth of these two types of ethical funds over the last two decades raises the question of how non-financial attributes influence performance and performance...

This study uses the global Malmquist-Luenberger productivity index to measure performance change in the educational systems of 28 countries participating in the TIMSS 2007 and 2011 for eighth grade basic education students in the discipline of mathematics. This methodology is particularly...

This study explores the impact of ownership types on efficiency of Italian water utilities. Theories and evidence have shown a puzzling relationship between ownership and performance. Moreover, a recent study argues that this relationship can be further complicated by the effect of...

In recent years the European airline industry has undergone critical restructuring. It has evolved from a highly regulated market predominantly operated by national airlines to a dynamic, liberalized industry where airline firms compete freely on prices, routes, and frequencies. Although several...