Search results for " finance"
showing 10 items of 2924 documents
Peer interaction and pioneering organizational form adoption : A tale of the first two for-profit stock exchanges
2021
Building on a historical case study on the first two stock exchanges to adopt the now globally dominant for-profit organizational form, the Stockholm Stock Exchange in 1993 and the Helsinki Stock Exchange in 1995, we argue that interaction among socially proximate peers contributes to pioneering organizational form adoption within an industry, particularly when such forms are introduced by established organizations. Peer interaction can induce a search for technically efficient organizational forms through the sharing of collective experiences, the establishment of collective assumptions, and a joint search for solutions. Together, these factors contribute to the legitimization of novel or…
Change, Resistance to Change and Organizational Cynicism
2016
Abstract Over the past decades, the focus of the scientists has shifted towards the area of organizational change. The concept has been approached from several perspectives and studied by numerous disciplines and refers to a shift or transformation of an organization, of several components of the organization or of the processes that lie within. Being in an environment characterized by competitiveness and complexity, organizations are under a constant need of change, of progress, while the aim of each change is to improve the aspects that make this happen. The dynamics of the labour force market has contributed to the creation of an environment in which organizations are permanently facing …
Functional a posteriori error estimates for boundary element methods
2019
Functional error estimates are well-established tools for a posteriori error estimation and related adaptive mesh-refinement for the finite element method (FEM). The present work proposes a first functional error estimate for the boundary element method (BEM). One key feature is that the derived error estimates are independent of the BEM discretization and provide guaranteed lower and upper bounds for the unknown error. In particular, our analysis covers Galerkin BEM and the collocation method, what makes the approach of particular interest for scientific computations and engineering applications. Numerical experiments for the Laplace problem confirm the theoretical results.
Differences in wage determination in the Eurozone: A challenge to the resilience of the common currency
2019
Abstract Different developments in wages and unit labor costs across countries can reduce the synchronization of business cycles within a currency area and therefore be a potential source of asymmetric shocks and/or asymmetric response to a common shock. In this paper, we use novel econometric methods to identify differences and similarities in wage determination across Eurozone countries. Results show that wages have different determinants across euro area countries, among which two relatively distinct groups can be identified. In particular, wages in Germany, Austria, Belgium, Luxembourg, the Netherlands and Finland behave more similarly, are less sticky and respond more to macroeconomic …
Human capital and the intertemporal substitution for leisure: empirical evidence for Spain
2022
AbstractIn this paper we provide the first estimate of the intertemporal substitution for leisure in Spain, accounting for the impact of human capital accumulation. This would allow uncovering whether the intertemporal labour supply of Spanish workers is affected by human capital. Our empirical strategy consists of estimating the equation for the intertemporal substitution of leisure with and without accounting for human capital, what allows to detect hypothetical estimation biases associated to omitting the impact of human capital. To that end, we build a pseudo-panel data set combining the Spanish Family Expenditure Survey and the Labour Survey over the period 1987–1997. While the model t…
Les observatoires territoriaux communautaires
2008
International audience
Structural Parameters under Partial Least Squares and Covariance-Based Structural Equation Modeling : A Comment on Yuan and Deng (2021)
2023
In their article, Yuan and Deng argue that a structural parameter under partial least squares structural equation modeling (PLS-SEM) is zero if and only if the same structural parameter is zero under covariance-based structural equation modeling (CB-SEM). Yuan and Deng then conclude that statistical tests on individual structural parameters assessing the null hypothesis of no effect can achieve the same purpose in CB-SEM and PLS-SEM. Our response to their article highlights that the relationship they find between PLS-SEM and CB-SEM structural parameters is not universally valid, and that consequently, tests on individual parameters in CB-SEM and PLS-SEM generally do not fulfill the same pur…
Need for speed? Exploring the relative importance of patents and utility models among German firms
2017
Despite the wide use of two-tiered patent systems (patents and utility models (UMs)), there is little empirical evidence about how often UMs are actually used, what kind of firms use them to protect their intellectual property, and how firms rank them relative to patents. We offer such an analysis using data from Germany. We find that larger firms are more likely to use both protection methods. Moreover, a short life cycle of products and services is associated with an increased likelihood to use UMs. The features and functioning of the German UM system are of broader interest because it has been a benchmark for several second tier patent protection systems around the world. peerReviewed
Banche e struttura modulare dei sistemi di pagamento: una prospettiva di analisi economico-aziendale
2019
Technology is changing the fundamental economics of the payment industry, just as it has in many other industries. Technological innovations in payment systems have deep managerial and financial implications at firm, industry, and regulatory levels. This paper adopts a business management perspective of studies to examine the distinctive factors of the adoption and diffusion of technological innovation in the economics of payments systems. The main aim is to identify the relevant drivers which lead to modularity of payments systems in the financial industry. In this paper, I adopt a modular design methodology to identify the factors related to the interoperability of payments systems, to an…
Precio no monetario percibido en alojamientos e-peer-to-peer. La perspectiva de los huéspedes de Airbnb
2021
[EN] Price is considered as a key variable in predicting buying behavior. However, few studies have focused on how non-monetary price is affected and can affect other components of the consumer endogenous variables. This paper seeks (1) to analyze the effects of antecedents of behavioural price (past experience, the benefits and risks of peer to peer accommodation services) on the guest perceived price, and (2) to determine the effect of this price and past experience on guest intentions. With a sample of 136 Airbnb guests and the use of SEM, results show that past experience, financial risk, and time risk influence the non-monetary perceived price. This price and past experience affect gue…