Economic literature reveals a lack of a general theory on trade credit. This paper reviews the main theoretical and empirical contributions providing a simple but complete guide to researchers. Likewise, future research is encouraged by showing the puzzled and less explored features of trade...

Se evalúa el rendimiento ex-dividendo en acciones colombianas entre 1999 y 2007, periodo que incluye la conformación en julio de 2001 de la Bolsa de Valores de Colombia, resultado de la integración de tres bolsas previamente existentes. Contrario a la hipótesis de eficiencia de mercado, se...

The paper reviews and discusses the literature on the concept of incentive in management; the visions of ancient Greek philosophers, classical economists, scientific management, agency theory, contracts, property theory and transaction costs theory. The discussion shows that the transaction...

El objetivo de esta investigación es evaluar empíricamente los factores que determinan las estrategias de vinculación al mercado de los productores agrarios en el Perú. Asimismo, estudia el papel de los costos de transacción en el comportamiento de los hogares rurales. Además, la...

Recently a new approach to political economy has been consolidated. The political analysis of transaction costs is an attempt to solve some of the problems which arise in economic theories of public policy. This paper deals with the notions of transaction costs, institutional efficiency,...

The aim of this empirical research was to test the influence of some social factors such as social norms, habits and routines, which are actually constraining the entrepreneurial strategy. In order to measure the extent of these influences we have focused on informal arrangements and cooperation...

These pages aim to give a global vision of the current situation of the so called “Economics of language” literature. They start over with a description of main characteristics and a first definition of what it is correctly understood as “Economics of language”. Later on, we thoroughly...

Within the study of the social and economic roles of the world’s languages, the demographic aspect –ie, the number of speakers– is often glossed over or presented with a great deal of inaccuracy. This working paper proposes a methodology for counting the number of Spanish speakers that...

Being part of a linguistic community has economic effects since it affects transaction costs of economic operations, it defines identity social cohesion components of a community, and it supports a series of activities (cultural industries) that generate income and employment. However, the...

Corruption is a complex and multifaceted phenomenon. The aim of this article is to open the “black box” of corrupt transactions using the framework of the New Institutional Economics. First, it examines “corrupt contracts”, the institutions that promote them, the mechanisms involved, the...