The past decade has seen a trend of accelerating environmental degradation such as increasing greenhouse gas emissions, deforestation and loss of biodiversity. Such patterns of environmental destruction have been driven by increased economic activity, of which Foreign Direct Investment (FDI) has...

There is widespread concern about the quality of care in nursing homes. Based on administrative data of a large health insurance fund, we investigate whether nursing home prices affect relevant quality of care indicators at the resident level. Our results indicate a significantly negative price...

This paper empirically parallels two approaches: The first one follows the studies of Halicioglu (2009), Jalil and Mahmud (2009), and Jayanthakumaran et al. (2012) which attempt to introduce energy consumption and trade into the environmental function (related carbon dioxide ‘CO2’ emissions...

In recent years, sustainability has represented one of the most important policy goals explored in the environmental Kuznets curve (EKC) literature. But related hypotheses, performance measures and results continue to present a challenge. The present paper contributes to this ongoing literature...

For more than a decade the unbundling of telecommunications networks has been used as a regulatory means to stifle competition. However, despite its assumed positive effects on market entry and competition intensity, the negative effects on network investment incentives are widely shown in the...

This paper explores the linkage among cash holdings, dividend policies, and stock returns of the automobile related firms at the Tokyo Stock Exchange by employing the panel data analyses. In addition, our research focuses on the two periods: before and after the US Lehman shock. The main...

This paper aims at exploring the relationship between ownership concentration and firm value by using panel data for firms listed on the Bucharest Stock Exchange (BSE). Additionally, we investigate the influence of ownership origin on firm value. Results drawn from a longitudinal analysis of a...

Social capital is thought to have both positive and negative aspects. This paper examines how social capital has worked in the process of recovery and reconstruction in Kobe since the Great Hanshin Awaji Earthquake. The paper focuses on the tertiary sector of Kobe because since the earthquake...

In this study we use historical emission data from installations under the European Union Emissions Trading System (EU ETS) to evaluate the impact of this policy on industrial greenhouse gas emissions during the first two trading phases (2005-2012). As such the analysis seeks to disentangle two...