This paper investigates the impact of on-the-job training on labour productivity, focusing on both the direct effects of training capital accumulation and its complementarity with other intangible capital assets. While previous research has highlighted the positive role of workplace training in...

This paper investigates the impact of on-the-job training on labour productivity, focusing on both the direct effects of training capital accumulation and its complementarity with other intangible capital assets. While previous research has highlighted the positive role of workplace training in...

This paper seeks to analyze the influence investment in that investment in intangible resources, specifically training and advertising, has on the corporate market value. A sample of the main Spanish companies, those quoted on the IBEX-35, revealed that both investing in training and in...

We consider a small open economy with two productive sectors (an old and a new). There are two types of firms in the new industry: a well planted multinational firm and a potential domestic firm. Our framework highlights a number of results. First, in a poor country with low return of training...

We consider a small open economy with two productive sectors (an old and a new). There are two types of firms in the new industry: a well planted multinational firm and a potential domestic firm. Our framework highlights a number of results. First, in a poor country with low return of training...

In the theoretical literature on why companies train apprentices three different approaches are usually distinguished: the investment, the substitution and the reputation motive. The aim of our paper is to empirically identify whether a company follows one or the other motive or even more than...