This paper analizes the main aspects that have helpedto shape the process of mechanization of valencian agriculture. Thetime path of severa1 mechanization indexes have been taken intoaccount for the 1961-88 period and differences in machinery use atsubregional level have also been stu-died. A...

The aim of this work is twofold: on the one hand, to demonstrate the utility of the actuarial balance as an element of transparency, an indicator of the solvency, sustainability and financial solidity of the pay-as-you-go system and a tool capable of providing positive incentives to improve the...

The objective of this study is to examine the relationships that exist among the attributions, the affect and behavioral intentions of consumers who suffer delays in services. As a new element, we propose to consider two emotional reactions: anger and dissatisfaction. The methodology employed is...

There is empirical evidence in the finance literature showing that informationincorporated in the consensus estimate of earnings per share (EPS) is efficiently reflected byshare prices while the market is quite inefficient in discounting consensus shifts. In thissituation, it is possible that...

The objective of the study is to analyse the performance of firms involved inphilanthropic and commercial sponsorship, and to identify its key determinants. Themethodology applied uses the event study to estimate the excess returns generated on the sharestrading on the Spanish stock market,...

The aim of this paper is to analyze whether some of the empirical implications of the Berger and Udell's (1998) financial growth cycle hold. We use a sample of 22.842 observations for year 2003 and test several hypothesis through MANOVA analysis. Results show that companies tend to have...

The aim of this paper is to analyse the efficiency of the travel agencies operatingin Spain, and to examine the determining factors of such efficiency, in terms of verticalintegration, market concentration, size and performance. The methodology employed is based on different techniques for the...

The Bulow et al. [1985] framework is explored assuming demand and/or production relations. A multiproduct firm is assumed to have a single product rival in one of the two submarkets in which it participates. In the case of linear demand and cost functions, the direct and the strategic effects of...

This paper analyses the determinants of interest margins of the banking firms.Our starting point is the methodology developed in the original study by Ho andSaunders (1981) and later extensions, but widened to take banks¿ operating costsexplicitly into account. In the developed model the...

There are a lot of theoretical and empirical literature of models of price formation in securities markets, based on the relationship between the expected return on assets and different measures of its risk. Using monthly returns for size-based portfolios from January 1982 to December 1998 we...