This paper provides two specification tests for the system of spatial autoregressive model of order m . We derive the theoretical limit distributions and show in a detailed Monte Carlo simulation study that the tests result in reasonable sized testing procedures with large power. In the...

This paper provides two specification tests for the system of spatial autoregressive model of order m . We derive the theoretical limit distributions and show in a detailed Monte Carlo simulation study that the tests result in reasonable sized testing procedures with large power. In the...

Strategische Personalentwicklung in der katholischen Kirche. Zwischen Kompetenz, Potenzial und Charisma -- Inhaltsverzeichnis -- 1 Einleitung -- 2 Personalentwicklung in der katholischen Kirche - Modetrend oder Notwendigkeit? -- 2.1 Personalentwicklung - Ein schillernder Begriff -- 2.2 Die...

Existing dynamic capital structure models are based on single triggers determining bankruptcy, mainly over-indebtedness or illiquidity. The latter one tends to underestimate optimal capital structures by ignoring capital providers' flexibility to inject fresh money. The former one leans towards...