Romania's accession to the European Union imposes a new way of approaching the economic and social disparities existing nowadays both at the level of the eight development regions of the country and at the level of counties as well. The analysis of the level and evolution of these disparities...

Purpose – This paper aims to study the impact of a significant negative shock (the reporting of an initial loss) on the stickiness of corporate governance. This paper examines whether corporate governance changes in response to the reporting of an initial loss and also whether ex ante...

Purpose – This paper aims to show how social and economic differentiation that has become a feature of Australian cities and the urban housing literature emphasises the value in understanding such differentiation as an explanation of housing demand. Design/methodology/approach – Using a...

In spite of the increased use of factor-augmented regressions in recent years, little is known regarding the relative merits of the two main approaches to estimation and inference, namely, the cross-sectional average and principal component estimators. By providing a formal comparison of the...