Engagement in corporate social responsibility (CSR) is of increasing importance across different economic sectors, including transportation industry. This study examines the relationship between CSR and efficiency of companies in the transport industry. This research belongs to the type of...

We study a two-sided matching market with a set of heterogeneous firms and workers in an environment where jobs are secured by regulation. Without job security Kelso and Crawford have shown that stable outcomes and efficiency prevail when all workers are gross substitutes to each firm. It turns...

Purpose: We study the failure of Russian banks between 2012 and 2019. Design/methodology/approach: We analyze the entire population of Russian banks and combine a logit model with the survival analysis. Findings: In addition to the usual determinants, we find that not-failed banks have higher...

Since Japan’s recent financial liberalization, online securities transactions have grown rapidly and changes have been promoted in the industry’s structure. In this research, we investigated the differences in efficiency and scale economies between the types of securities firms (i.e.,...

Despite the key role an increase in production efficiency plays in improving the competitiveness of the economy, the efficiency of production is not reflected in the objectives of monetary policy. The paper investigates the impact of the interest rate on firms’ efficiency and argues that it is...