This article advocates the relevance and crucial need for a strategic vision of the Algarve based on a cluster approach for its economy of the sea. The article reviews the literature on clusters and relevant topics related and relevant to that issue. It starts by summarizing the scope and...

Using a sample of stocks experiencing large price changes in 40 countries over 20 years, we investigate the association between investors' traits that vary by national culture – overconfidence, conservatism, and risk tolerance – and proposed theoretical explanations for short-term equity...

We present evidence that share repurchases reduce investment inefficiencies related to short-term investors. Using U.S. data from 1988 to 2018, we first document that stock buybacks are associated with lower long-term investments. However, contrary to popular perception that buybacks sacrifice...

The scope of this project was to assess the value-add of Australian incubators and accelerators to the high-growth innovative startups they support, as well as to the local, regional and national innovation ecosystems. This scope includes exploring their impact on the development of...

How people react to their peers’ difficulties tells us a lot, just recall the proverb “friend in need is a friend indeed” which is very popular in many countries. In this paper, we would like to investigate banks’ reaction to natural disasters, especially droughts which are very common...

This review aims to redress the growing gap between the receding discourse on bureaucracy and bureaucracy’s continuing presence as the predominant organizational form. Reviewing a century of organizational research on bureaucracy, we find three main perspectives, which developed in succession...

The purpose of this paper is to point out some of the main characteristics and critical factors for success that can substantiate the proposal of a differentiation framework for maritime clusters. We conduct a benchmarking analysis intended to distinguish the most relevant aspects which can or...