As the study of entrepreneurship and the study of business ethics become increasingly established, the intersection of entrepreneurship and ethics is receiving increasing scholarly attention. In this paper, we review the research connecting ethics and entrepreneurship, classifying the literature...

This paper analyzes the theoretical and quantitative implications of optimal capital taxation in the neoclassical growth model with aggregate shocks and incomplete markets. The model features a representative-agent economy with proportional taxes on labor and capital. I first consider the case...

I analyze the effects of tax policy changes on US Total Factor Productivity. VAR estimates show that permanent and exogenous tax increases have strong, permanent, and negative effects on TFP which represent about 80% of change in output following the tax increase. I then build a DSGE model which...

The Sudanese political crisis is delivered worldwide in all media. Current issues are focused on the Southern Secession and birth of the South Sudan Nation, the recent rebellion in Southern Kordofan and the Darfur stalemate. Additional crisis are brewing in Sudan's Eastern Region of the Red Sea,...

The diversification benefit provided by real estate investment trusts (REITs) is of great importance to investors, practitioners and academics. This benefit critically relies on the correlation properties between REIT returns and the factors used to explain REIT returns. Recent studies have...

The relevance of micro-lending in battling poverty and encouraging sustainability of the poor is more vividly seen after the emergence of Bangladesh-based Grameen Bank as a successful microfinance institution in 2006. Creating a sustainable microfinance institution largely depends on the two...

Disclosure and monitoring policy are studied, where disclosure relates to information about the monitoring system. A moral hazard model is presented where employee monitoring occurs with some exogenous probability and the owner privately learns whether he will be monitoring before the employee...

The article discusses the theoretical foundations for the implementation of the analysis of the effectiveness of the Russian business community, and also analyzes the totality of approaches of domestic authors of fundamental and applied literary sources with their subsequent systematization. As...

Síntesis Salaverry es un pequeño puerto localizado a pocos kilómetros de la ciudad de Trujillo, al norte del Perú. Moviliza alrededor de 2.5 millones de toneladas de carga al año, en su mayoría, granel seco. Desde 1982, ENAPU, la empresa estatal que opera el puerto, ha venido reduciendo...

Abstract: Risks faced in African agriculture and industry reduces the dynamic rate of return in these industries. Supply and demand constraints like scarcity of human capital and low effective demand further reduce the scope of industrialization. Institutions have to be developed to share the...