VOLUME 1(3) • 2006
CAN LABOR STANDARDS IMPROVE UNDER GLOBALIZATION?
ABSTRACT. Given that developed countries dominate the international economic system and generally have high labor standards, we can expect that their higher standards provide the role model to which countries with lower standards are moving toward. Chun and Kim examine strategic competition behavior..
FISCAL DECENTRALIZATION AND ECONOMIC GROWTH
ABSTRACT. Gonzalez et al. identify bull and bear market turning points using a formal turning-point identification procedure: the bull and bear market phases are associated with distinct and persistent mean return shifts. Jin and Zou use a panel dataset for 30 provinces in China in order to examine ..
CORPORATE GOVERNANCE PRACTICES AND STOCK MARKETS
ABSTRACT. Ownership concentration varies systematically with respect to certain firm-specific economic variables and country characteristics in ways that are consistent with value maximization and predictions of agency theory. Markets for high-growth stocks offer venture capitalists a valuable exit ..
STRUCTURAL CHANGE IN THE ECONOMIC SYSTEMS AND ASSOCIATED ECONOMIC PROCESSES
ABSTRACT. Many theoretical models show that redistribution causes low growth or capital outflows even though empirically redistribution and growth are often found to be positively associated across countries. The government of a technologically superior economy may attract foreign and domestically o..
ASSESSING THE FINANCIAL BENEFITS OF HUMAN RESOURCE DEVELOPMENT
ABSTRACT. Plott and Chen maintains that reflecting on every day notions about the way that people learn from observing other people can form a common sense impression of how an aggregation mechanism might work. Becker contends that workers increase productivity by learning new skills and perfecting ..
DEMOCRACY AND THE LIMITS OF CRIMINAL PUNISHMENT
ABSTRACT. Many of the characteristic practices of adjudication and decision making of contemporary western penal systems increasingly make express reference to vocabularies of risk assessment and risk reduction (Sparks). Improvement in accuracy of prediction risk assessments is contingent upon a det..
FIRM SIZE AND INCOME EFFECT OF THE FIRM'S ACCOUNTING METHODS
ABSTRACT. Ahmed et al. test whether the cash flow and working-capital accrual effects can be explained by common risk factors documented in empirical finance literature. Davis-Friday et al. examine the effect of the interaction between corporate governance and the economic situation on the value rel..
HIGH INVOLVEMENT MANAGEMENT AND HUMAN RESOURCE SUSTAINABILITY
ABSTRACT. Kanata remarks that training is considered an investment for the future and companies do not perceive the training of temporary workers as beneficial. Peterson says that the growth of contingent work in a lot of ways is the hand-maiden of corporate downsizing. {downloads} {slider A..
THE IMPACT OF FINANCIAL CRISIS ON THE VALUE RELEVANCE OF BOOK VALUE AND EARNINGS
ABSTRACT. Desai et al. examine cash flow and accrual inefficiencies with respect to stock prices, and focus on total accrual mispricing. Davis-Friday et al. examine whether differences in corporate governance influence the relative value relevance of the book value of equity and earnings of firms in..
UNBIASEDNESS AND RATIONALITY OF INFLATION EXPECTATIONS
ABSTRACT. Thirlwall and Barton report a positive relationship between inflation and growth in a cross section of industrial countries and a negative relationship in a cross section of seven developing countries. Visco evaluates the estimate of inflation expectations for both wholesale and consumer p..
INVESTMENT OPTIONS AND GROWTH OPPORTUNITIES
ABSTRACT. Gallagher and Looi find consistency in performance according to a fund manager's investment philosophy, in that growth managers exhibit a competitive advantage in trading stocks that have low book-to-market ratios. According to Gruen et al., if an activist policymaker believes asset prices..
CONTEXTS OF IMPRISONMENT
ABSTRACT. Criminology has become a resource plundered by policy entrepreneurs. Countries that are very punitive rely on both high levels of imprisonment as well as the death penalty. Differences in the attitudes of the upper-level administrators and in the institutional history of the facilities hel..