Search results for "empirical assessment"
showing 5 items of 5 documents
An empirical assessment of the Feltham-Ohlson models considering the sign of abnormal earnings
2006
Abstract This paper provides an empirical assessment of the Feltham-Ohlson models, distinguishing between firms with positive and negative abnormal earnings. Abnormal earnings persistence and conservatism parameters differ for these two groups; this implies different earnings prediction models and valuation functions for both profit-making and loss-making firms. The analysis refers to the period 1991-1999 and uses a sample of Spanish firms quoted on the Madrid S.E. The results suggest that our contextual approach is more useful than the non-contextual one to predict future abnormal earnings and explain current prices. Although the Ohlson (1995) model is accurate in forecasting future abnorm…
Institutions and geography: Empirical test of spatial growth models for European regions
2010
Abstract This article provides an empirical assessment of the growth experiences of European regions, during the period 1991–2004, by taking into account the spatial effects due to both institutions and geography. These effects have been modelled by means of specific controls and by using a non-conventional spatial weight matrix. Results favour a model dealing with substantive spatial externalities. Within this framework, the country-specific institutions are strongly and positively related to the regional productivity's growth rate. In addition, the geo-institutional proximity increases the spatial dependence of the regional output per worker and raises the speed of convergence. By contras…
Linking Entrepreneurial Orientation and Firm Performance: The Role of Organizational Learning Capability and Innovation Performance
2013
This research contributes to the entrepreneurial orientation (EO)–performance literature by offering a wider picture that includes two intermediate steps: organizational learning capability (OLC) and innovation performance. This study also provides an explanation of intra-industry firm performance differences by focusing on EO. We use structural equation modeling to test the hypotheses on a data set from Italian and Spanish ceramic tile producers. The results support our conceptual model and demonstrate its usefulness in explaining differences in intra-industry firm performance. Findings suggest that OLC and innovation performance should be enhanced by managers in order to boost the positiv…
The Rodrik Trilemma and the Dahrendorf Quandary: An Empirical Assessment
2021
Rodrik’s Trilemma rests on the incompatibility of democracy, national sovereignty, and global economic integration: any two can be combined, but never all three simultaneously and in full. Addressing the same problèmatique but from a different perspective, Dahrendorf’s Quandary posits that, over time, maintaining global economic competitiveness requires countries either to adopt measures detrimental to the cohesion of civil society or to restrict civil liberties and political participation. The purpose of this article is to examine the empirical foundations of Rodrik’s and Dahrendorf’s propositions. When one assesses developed market economies from 1991 to 2014, evidence suggests that only …
Usability Assessment of a UML-Based Formal Modeling Method Using a Cognitive Dimensions Framework
2008
Conceptual models communicate the important aspects of a problem domain to stakeholders. The quality of the models is highly dependent on the usability of the modeling method used. This paper presents a survey conducted on a method that integrates the use of a semiformal notation, namely the Unified Modeling Language (UML) and a formal notation, namely B. The survey assessed the usability of the method by using the grounded theory, the Cognitive Dimensions of Notations (CD) framework, and several criteria suggested by the International Organization for Standardization (ISO). Ten participants responded to the survey. The results suggest that the method is accessible to users when the princip…