It is a well-known fact that unemployment around the world has soared during past few years as a result of the latest financial crisis. Everyone is affected, but statistics show that the youth are the group hit the hardest in the aftermath of a recessed global economy. Our paper’s objective is...

Purpose – The research question which this paper aims to address is: To what extent does (labour) flexibility contribute to crisis resistance at establishment level? More specifically, the authors seek to analyse the determinants of variation in the extent to which establishments showed...

Purpose – This paper aims to present an analysis of the nature and drivers of company-level concession bargaining during the financial crisis 2008-10 in Germany. Design/methodology/approach – The paper is based on five company case studies. Data collection methods include document analysis...

Purpose – The article aims to explore the link between corporate crises and decisions about employee participation in the context of the global financial crisis (GFC). Design/methodology/approach – The authors complement Weick's sensemaking perspective with some distinctions taken from...

Purpose – The current paper contributes to the vigorous debate about policies and regulations that would shield financial markets' participants from future events of the financial turmoil. In doing so, the paper aims to broaden the picture of the financial crisis contagion and set it against...

We introduce a novel empirical strategy to measure credit shocks. Theoretically, we show that credit shocks reduce the value of long term investments relative to short term ones. Under the (conservative) assumption that demand shocks affect short and long run investments similarly, credit shocks...

This paper aims to analyze the evolution of foreign direct investment in the economies of Brazil, Russia, India and China. These four economies known as BRIC economies, are considered the largest emerging economies, with a high potential to reach developed economies. The need, the importance and...

We study the credit default swap (CDS) markets in the U.S. and Japan, focusing on bid-ask spreads which are closely related to the liquidity of the markets. Since bid-ask spreads dramatically surged during the financial crisis (2008-2009) and the market became very illiquid, it is crucially...

The recent financial crisis has highlighted the fragility of the US financial system under several respects. In this paper the properties of a summary index of financial fragility, timely capturing changes in credit and liquidity risk, distress in the mortgage market, and corporate default risk,...

There is a growing need for investments in hospital facilities to improve the efficiency and quality of health services. In recent years, publicly financed hospital organisations in many countries have utilised private finance arrangements, variously called private finance initiatives (PFIs),...