This article examines the workings of co-determination in the German finance industry through two case studies examining the introduction of working time accounts. It is shown that the accounts posed important new challenges for employees and works councillors that represented variants of...

Within a structural model we explicitly allow for the trade orientation of companies to estimateproductivity dynamics within 4-digit UK manufacturing industries. We use the FAME data onUK companies over the period 1994-2003. Following Ackerberg et al. (2005) we adjust thealgorithm in Olley and...

We develop a unifying framework to investigate the effects of firms’ internet presence on productivity and market structure. Using information on website adoption as an indicator of online trading, we treat the decision of entering an e-commerce market equivalent to the decision of entering a...

This survey paper examines existing theories of capital structure and related empirical tests with the aim to derive theoretical as well empirically testable predictions about the implications of the soft budget constraint for corporate capital structure. We show that the soft budget constraint...

We estimate a food demand system for Slovakia using a recent Household Budget Survey data collected by the Slovak statistical office covering the period 2004 – 2010. The Quadratic Almost Ideal Demand System (QUAIDS) augmented with demographic, regional and expenditure controls is employed...

This paper estimates the impacts of weight, measured by body mass index (BMI), onemployment, wages, and missed work due to illness for Russian adults by gender, in orderto better understand the mechanisms through which obesity affects employment, wages,and sick-leave days using recent panel data...