We propose an industry-level index of capital liquidity -- defined as the share of used capital in aggregate industry capital expenditure -- that relates (inversely) to sunkenness of capital investment. We then test the effect of capital liquidity on the dispersion and mean of industry...

Most studies of industrial restructuring and regional adjustment are focused upon the local consequences or causes of restructuring. Few studies are focused upon corporate strategy, an essential ingredient for a better understanding of the motive forces behind restructuring. This paper is an...

The design of both tuition fees and their accompanying loan systems determines their effect on the goals of investment in higher education, equal access to higher education, free choice between universities as well as cost-effective provision of the loans. Under a law-and-economics approach,...

Electronic communication media and electronic commerce have become substantial components of economic interaction. Buyers and consumers are increasingly integrated in processes of product and service specification. More and more coordination processes are conducted digitally or partly automated....

We evaluate the contribution of investment on education to Sri Lanka’s economic growth during the period 1959–2008. Physical capital, economic policy changes and the ethnic war are also evaluated due to their substantial importance. This study uses a framework encompassing both the...

Ab Wintersemester 05/06 werden die Studienplätze im Studiengang Betriebswirtschaftslehre (BWL) an der Justus-Liebig-Universität (JLU) Gießen nicht mehr von der Zentralstelle für die Vergabe von Studienplätzen vergeben, sondern von der Universität selbst. Die Studieninteressierten müssen...

Methodology/Approach: There is a lack of theoretical development on the question of why people work long hours and the nature of ‘workaholism’. This paper uses the economist’s utility-maximization model to build a conceptual model of voluntary work effort that explains the work effort...

The focus of this thesis is discretionary work effort, that is, work effort that is voluntary, is above and beyond what is minimally required or normally expected to avoid reprimand or dismissal, and is organisationally functional. Discretionary work effort is an important construct because it...

The federal government is often criticized for performance that fails to meet the public's expectations. Its traditional pay system receives much of the blame for rewarding seniority instead of performance. While everyone agrees that performance matters, they don't always agree on the best way...

The research carried out aims to determine whether there is an influence of work motivation on the performance of soldiers in carrying out operational readiness. The subjects of this study were enlisted soldiers on board. The research method used is quantitative with data analysis using...