This paper estimates a new measure of liquidity costs in a market driven by orders. It represents thecost of simultaneously buying and selling a given amount of shares, and it is given by a single measure of ex-ante liquidity that aggregates all available information in the limit order book for...

Systematic liquidity shocks should affect the optimal behavior of agents in financial markets. Indeed, fluctuations in various measures of liquidity are significantly correlated across common stocks. Accordingly, this paper empirically analyzes whether Spanish average returns vary...

This paper re-examines the determinants of mutual fund fees paid by mutual fund shareholders for management costs and other expenses. There are two novelties with respect to previous studies. First, each type of fee is explained separately. Second, the paper employs a new dataset consisting of...

El siglo XXI asiste al desarrollo de las neurociencias. Este campo del conocimiento ha llevado a revisar la bibliografía dedicada al management. Una de las ramas afectadas fue la del planeamiento estratégico, que se ve influenciada por el neuroplanning, término directamente relacionado con el...

En este articulo se intentam en primer lugar, una sucinta aproximacion a lo que las directrices basicas de la Ley 24/2003, de 10 de julio, de la Vina y del Vino, que viene a sustituir a la onsoleta y derogada de facto desde hace mucho tiempo Ley 25/1970, de 2 de diciembre, del Estatuto de la...

La laguna costera del Mar Menor (SE Espana) viene sufriendo desde hace varias decadas un proceso de eutrofizacion y degradacion de la calidad de sus aguas, provocado en gran medida por los drenajes agricolas cargados de nutrientes que llegan desde su cuenca. Este trabajo evalua economicamente...

El articulo pretende analizar la realidad constatada por autores de la existencia de ina notable diferencia entre lo que establece la legislacion de regimen local sobre el modo de ejercitar los aprovechamientos en los montes comunales y la praxis de muchas entidades locales. Para ello, parte de...

The vegetable “nopal†production or “nopalitos†is distinctive on the Mexican diet due to its nurturing and medicinal properties, mainly in Texcoco, State of Mexico; the place in which the research was carried out. In this sense, the investment project was evaluated so as to...

The present research was made in the producer's organization named Fishing and Aquaculture production of goods and aquaculture services of the High Rivera S.C. of R.L. in Palizada, Campeche, Mexico; This research aimed to determine the profitability of the investment project of mojarra...