In this paper, the authors study the effect of subsidized on-the-job training, training for the unemployed, and pure wage subsidies on job tenure. Correcting for selection biases, they find that each of the labor-market policies increases the length of job tenure. Despite the sensitivity of the...

Cette étude vérifie l'effet de la gouvernance d'entreprise sur la pertinence des bénéfices. La gouvernance est synthétisée en six axes. Leur introduction dans l'association bénéfices-rendements d'un échantillon américain montre un effet significatif de la gouvernance sur la pertinence.

Credit risk evaluation or loan default risk evaluation is important to financial institutions which provide loans to businesses and individuals. Credit and loans have risk of being defaulted. To understand risk levels of credit users (corporations and individuals), credit providers (bankers)...

In this paper, we study the association between firms' specific characteristics and performance for a sample of 320 American firms using a governance efficiency index, calculated by the Stochastic Frontier Analysis.The use of a latent classes in the specification of the model, allowed to detect...