The answer is yes to both. For decades, research on entrepreneurship culture has relied on two competing theoretical foundations for the important concept of entrepreneurship culture. One camp views entrepreneurship culture as an aggregate of personality traits conducive for entrepreneurship....

The swift and thorough privatization of eastern Germany did not emanate solely from the West German Federal Republic. This book explores actors from abroad – mainly from western Europe – in four functions: as investors, as advisors and capital providers, and as co-decisionmakers on...

A free competitive market offers wide opportunities for individuals and businesses and is compatible with the framework of classical liberalism. It is also the best environment for boosting productivity and economic growth. * Theere are uncompetitive elements within the UK's private sector which...

Looking at the earnings profiles of men and women after their first child is born, a number of studies establish that women suffer a larger penalty in earnings than men - a child penalty. Leveraging randomness in the sex of the first birth, we show that the child penalty in the UK is larger when...

Our investigation examined the impact of ESG (Environmental, Social, and Governance) activities on corporate financial distress. This research utilised data from companies listed in the FTSE All-Share index from 2014 to 2022 from the Refinitiv EIKON database. We incorporated year- and...

Over the past six decades our political, philosophical and legal approaches to discrimination have evolved, moving from a laissez-faire attitude to complex legislation that addresses both 'direct' and 'indirect' discrimination. Some argue now for the complete abolition of anti-discrimination...

The existing monetary framework of the Bank of England fails to manage supply-side shocks and financial crises effectively, which leads to economic volatility and potential policy errors. Targeting the growth path of nominal GDP would provide a more stable and predictable macroeconomic...

Parallel imports are genuine products imported into the United Kingdom without the consent of the intellectual property (IP) rights holder, often taking place when there is a price or availability difference between markets. Parallel import restrictions (PIRs) allow producers to control...

The Freeports strategy announced by the previous government attempted to address today's challenges with yesterday's recipes, lacked the necessary deregulatory framework and failed to address key issues such as the housing crisis. This paper proposes an alternative: a new generation of 'Hong...

The theoretical advantage of single-issue pressure groups is that they can form broad coalitions, gathering people from across the political spectrum who need not agree on anything other than the group's single issue. For example, Women Against State Pension Inequality (WASPI) is a group that...

Mancur Olson explained in The Logic of Collective Action (1965) that the free rider problem and the paradox of participation discourage rational consumers from taking collective action to oppose policies that disadvantage them. The lack of grassroots opposition to 'nanny state' policies from...

This paper uses the Brexit referendum in 2016 as a quasi-natural experiment to estimate the effect of an exogenous negative shock to globalization on executive compensation for German companies listed in the DAX and MDAX stock indices. We show that it matters whether they work for firms...

We employ Synthetic Control Method techniques to estimate the causal effect of Brexit on the consumer price index (CPI) in the United Kingdom. We construct a counterfactual CPI index from a weighted pool of comparable economies and find that the price level of the United Kingdom rose...

This paper presents a review of global evidence and World Bank operational experience and distills lessons to support the empowerment of youth. The review of global literature reveals three fundamental principles: (i) interventions that seek to promote jobs and economic empowerment of youth are...

Purpose This study aims to analyse the effects of Economic Policy Uncertainty (EPU) on the return of growth/value and small/large-cap stocks during expansionary and recessionary periods across a conditional distribution. Design/methodology/approach The authors selected a sample covering the...