We study empirically the determinants of public tomb prices in a sample of Spanish towns. We document strong evidence in favor that cemeteries act as local monopolies that use second degree price discrimination to maximize profits. Additionally we report that local cemetery prices react to...

From a reactive, antagonistic stance towards environmental regulations, many firms have evolved to act in a pro-active fashion to integrate environmental issues into their core strategies. Driving force behind this development is a growing insight that environmental efforts can potentially be a...

In this paper we argue conceptually and show empirically that the effect of diversification on performance is not homogeneous across industries, as previously assumed in the literature on diversification in strategy and finance. Some industries may be more friendly environments for diversified...

Platform-based technology ecosystems are new forms of organizing independent actors' innovations around a stable product system. This collective organization is proving superior to traditional, vertically integrated systems in many sectors because of greater “generativity” – the...

Platform-based technology ecosystems are new forms of organizing independent actors' innovations around a stable product system. This collective organization is proving superior to traditional, vertically integrated systems in many sectors because of greater “generativity” – the...

In this paper we test whether investors incorporate into stock market prices the future increase or decrease in firm value due to corporate strategies that cause better or worse firm environmental performance. We report strong evidence that low-polluter companies have substantial abnormal...

Los beneficios de la competencia en el sector aeroportuario son múltiples. Por un lado, una mayor competencia puede generar menores costes de operación, mejores niveles de eficiencia en el servicio, así como una mejor especialización y adaptación a las necesidades idiosincráticas de los...