Japan's employee-based corporate governance is in a far-reaching transition, and has a larger presence of outside directors as board members in the 1990s. We examine how board composition affects measures for employment downsizing by constructing a unique firm-level measurement of excess...

(English) The Peruvian society is characterized by a highly unequal income distribution. But, is it also an unfair society in accordance with the criterion of equality of opportunities? Several studies have shown that social origin does not necessarily have a decreasing effect during the life...

The main purpose of this paper is to examine the effect of 'strategic moves' (or strategic change) on the likelihood of organizational survival in a population of firms which has undergone radical transformations in its environment. To this end, we propose and test two competitive hypotheses...

This paper seeks to explain why more than half of the German service sector firms that introduce a product innovations do not advertise their new or markedly improved product. One part of the explanation is that they do not need to advertise because they are closely related to their customers...

This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at the firm-level to a very large extent. Using a dynamic...

The paper looks at responses of crewmembers of six Taiwan air carriers who were asked to report their levels of fatigue before takeoff and after landing. Ordinal probit models are employed to estimate three fatigue models for different flight operations and serve as vehicles to investigate...

It is observed that the interest rate-exchange rate nexus in the Turkish economy appeared in the process of financial liberalization has formed a fragile structure and that this situation has triggered the economic crises along with the rising of the country’s risk premium. In this context,...