The primary purpose of this exploratory empirical study is to examine the structural stability of a limited number of alternative explanatory factors of strategic change. On the basis of theoretical arguments and prior empirical evidence from two traditional perspectives, we propose an original...

We believe that any adjustment and updating process (AUP) should try to minimize the relative deviation of the new coefficients from the initial ones in a homogeneous way. This homogeneity would mean that the magnitude of this relative deviation is similar among the elements of each row or...

This paper analyzes capital structure determinants of UK and continental European firms. Besides considering firmspecific characteristics, it investigates the impact of different corporate governance related institution- and marketspecific aspects on the capital structure choice. The dynamic...

A flat-plate solid-adsorption refrigeration ice maker has been built for demonstration purposes. The working pair consists of methanol used as the refrigerant and activated carbon as the adsorption medium. The adsorbent bed is constructed of two flat-plate collectors, with a total surface area...

The main focus of this study is to answer the following question: Do performance differences exist among strategic groups and are these differences stable over time in a population of firms which has undergone fundamental environmental changes? Two alternative theoretical approaches are provided...

Most studies on the correlations in stock returns and volatilities focus on the contemporaneous relationships and spillover effects in major stock markets such as the US and Japan. This paper adds to the literature by focusing on the dynamic relationship in the volatilities of the returns in the...

This paper extends research in dynamic traffic modeling using METROPOLIS, a dynamic simulation tool. We briefly present an overview of the original departure time choice model introduces by W. Vickrey (1969) for a single O-D pair. Using this framework for our analysis, we explore how the...

Despite the increasing focus on labour market dynamics, little is known about either the quality of the underlying data or the appropriateness of the standard methodologies frequently used to analyse labour market dynamics in Europe (the retrospective and matched files approaches). This paper is...

Despite the increasing focus on labour market dynamics, little is known about either the quality of the underlying data or the appropriatenessof the standard methodologies frequently used to analyse labour market dynamics in Europe (the retrospective and matched files approaches). This paper is...