Cedefop's work on qualifications frameworks dates back to 2003. The Centre has contributed to the conceptual development of the European Qualifications Framework (EQF) and has supported its further implementation, working alongside national authorities and stakeholders to introduce and develop...

The Spanish qualifications framework for lifelong learning (Marco Español de Cualificaciones, MECU) was adopted in 2022 as a royal decree. In 2024, it was referenced to the EQF. It is structured into eight levels and includes all levels and types of formal education and training. It is in the...

The Norwegian NQF for lifelong learning (Nasjonalt kvalifikasjonsrammeverk for livslang læring NKR) was referenced to the EQF in 2014, alongside its self-certification to the qualifications frameworks in the European higher education area (QF-EHEA). It is structured into seven levels and...

Adopted in 2012, the Bulgarian qualifications framework for lifelong learning (BQF - Национална квалификационна рамка за учене през целия живот - НКР) is a comprehensive, eight-level framework with an additional preparatory level 0. It...

Intercompany profits in inventory transactions are profits arising from the sale and purchase of goods between companies that are members of one entity or group of companies. In intercompany profits in inventory transactions, it is important to observe applicable accounting principles and to...

Foreign M&A affects inventory adjustment of manufacturing enterprises through improving their production efficiency and expanding the market scale. To further analyze the impact and its mechanism, this study adopts a large scale, firm-level dataset from the Annual Survey of Industrial Firms...

This paper investigates the impact of financial constraints on firms' inventory holdings, an area of significant interest given that inventories are volatile over the business cycle. I use detailed data on Swedish firms' balance sheets, income statements, and credit scores. I employ a regression...

This paper is an attempt to derive empirically testable hypotheses regarding the principal determinants of firms' decisions on production, price, and finished goods inventory. The general approach to the problem is that many of the same factors which affect the optimal value for one variable...

This paper investigates the impact of financial constraints on firms' inventory holdings, an area of significant interest given that inventories are volatile over the business cycle. I use detailed data on Swedish firms' balance sheets, income statements, and credit scores. I employ a regression...

More central dealers earn a premium over peripheral dealers in many types of markets. Possible explanations involve bargaining power, compensation for supplying liquidity, and faster execution speed. We investigate the sources of this premium in the over-the-counter market for corporate bonds....