In this study we use cointegration methods to investigate the relationship between the variables of the Ohlson model (stock price, earnings per share and book value) with panel data. The cointegration tests were applied at individual and group level (by all firms, and by sectors). The firms...

El objetivo de este trabajo es analizar si las familias son consistentes en su comportamiento de elección de marca, independientemente de la categoría de producto que adquieren. En concreto analizamos si la lealtad a una marca no depende de la categoría, si el hecho de que una familia muestre...

El objetivo de esta investigación es evaluar el efecto hoja de balance en la economía peruana. Para ello, se utilizó información contable, para el periodo 1998-2009, de 114 empresas del sector real. En una primera etapa, se estimaron diversas especificaciones sin incluir variables de control...

The aim of this paper is to analyze the evolution of productivity and how firm behavior and institutional conditions affects productivity. For that purpose, we use a longitudinal sample of Spanish manufacturing and services companies between 1983 and 2006, as well as OECD indicators on product...

This paper investigates the empirical determinants of corporate cash holdings in the euro area as a function of firm size. The results show that there are significant differences in investment in liquid assets for firms of different size. More specifically, liquid assets for smaller firms in the...