We investigate the relationship of the market pricing of sovereign risk to default, through CDS spreads for 16 Eurozone countries during 2008q1-2013q3. We take into account, through appropriate non-linear GMM estimations the endogeneity problem. We focus on “fiscal space” (DEBT or FISCAL),...

Purpose – The purpose of this paper is to examine the relationship among research and development expenses (R&D), market value and firm performance. Additionally, what is also questioned is, whether the relationship between R&D and market value of the firm is linear.Design/methodology/approach...

We contribute by approaching this epistemological question ontologically, i.e., by focusing on the meaning of tax evasion whose causalities tested by the literature we also survey here. There could be no progress on the economic knowledge because axiological critic we use is self-complete and...

The paper explores gender wage gap as well as educational level, work experience and age in the Hellenic maritime companies by utilizing the European Structure of Earnings Surveys of 1995 and 2002. The nonparametric statistical analysis used shows that even though the male female wage...

The issue of capital structure of companies is one of the most debated problems of financial management. According to economic theory, capital structure determines the stock market value of firms and therefore their viability, while one of the most negative result of the crash of 2008 and the...

The purpose of this paper is to contribute the relevant literature solving the puzzle of the excessive corporate cash. There are serious reasons to develop the falsifiable hypothesis "managers in the global hotel industry, act with bounded rationality in holding cash, when they cannot find...

Problem Statement: Gender wage gap has already been researched in the Hellenic (Greek) economy or within its public and private aggregate sectors, but, this was the first study ever done, especially for the maritime sector. Traditionally in Hellas, maritime industry income is the biggest one...

The purpose of the current research is to develop a strategic service quality focused framework in a Greek Academic Department, translating its service quality (SQ) gaps into specific strategic directions from a “student-focused” perspective. The research is separated in two parts and...

Purpose - The purpose of this paper is to provide empirical evidence for the effective management of working capital and for its impact on the performance of Greek listed companies in terms of profitability, performance and market valuation. Design/Methodology/approach -This research approach is...

Purpose – The purpose of this paper is to examine how financial characteristics associated with the choice of a big audit firm with further investigation on the agency costs of free cash flows.Design/methodology/approach – The sample used for this work includes industrial listed companies...