Search results for "empirical"
showing 10 items of 1197 documents
Reviving the lost spaces under urban highways and bridges: an empirical study
2019
Purpose The fast development of urban movement infrastructures has created neglected urban places in cities. This study aims to provide users’ preferences for designing lost spaces that are a by-product of elevated urban highways (UHs) and bridges to develop a conceptual model for better environmental design. Design/methodology/approach This research is conducted by a combination of both qualitative and quantitative methods. In the first phase, to explore the citizen’s environmental preferences based on the Q-sort technique and in-depth interviews, the ideas of 50 users were considered up to data saturation. The preferences of people for designs under urban bridges were extracted by conten…
The person-oriented approach to burnout : A systematic review
2016
The variable-oriented approach has dominated empirical burnout research, but during the last 10 years a person-oriented approach to burnout has also become common. The aim of this systematic literature review was to identify, categorize and evaluate the empirical research to date that has adopted a person-oriented approach to burnout. The results of these studies were then compared with those generated by variable-oriented burnout research. An electronic search of seven databases was conducted in spring 2015. Initially 470 publications were identified, 24 of which met the selection criteria. The reviewed articles were categorized into three groups based on their research target(s): (1) intr…
The Impact of Lbos on Investment Policies and Operations of Acquired French Firms
2002
This paper evaluates the extent that French LBO targets’ investment policy and operations can account for their overperformance discrepancy. Our empirical study has been carried out on 132 French LBOs between 1989 and 1994. The results show that the abnormal plunge in economic return cannot be explained by overinvestments or by inefficient working capital management. Nevertheless, abnormal increases in wages, supplies and/or sales price reductions appear to be prominent.
Corporate Governance and Capital Structure: A Spanish Study
2016
This study explores the relationship between capital structure and corporate governance using a data panel of Spanish listed firms over the period 2005 to 2011. Specifically, two notable conflicts in the area of corporate governance have been analysed: (i) managerial ownership; and (ii) controlling shareholders ownership. Our findings confirm a non-monotonic relationship between both managerial ownership and ownership concentration, and capital structure. In order to mitigate endogeneity concerns, a number of robustness tests have been performed. The empirical evidence obtained yields a number of implications such as the shareholders' need to monitor entrenched managers, the insufficient pr…
Do Large European Banks Differ in their Derivative Disclosure Practices? A Cross-country Empirical Study.
2019
Risk disclosure has strategic importance for the efficiency of financial markets and overall financial stability. It plays a pivotal role in strengthening market discipline and building trust to improve relationships with stakeholders in banking. Risk reporting has taken a growing importance in banking over the last years. The topic of this paper is derivative reporting in banking. The authors employ content analysis to conduct an empirical study on a sample of large European banks. The authors propose a hybrid scoring model for the assessment of derivative disclosure in banking institutions. The methodology employed in this research is able to capture a considerable amount of information b…
Financial Structure of the Family Business: Evidence From a Group of Small Spanish Firms
2007
This article presents empirical evidence on the determinants of the financial behavior of small family businesses and their differences from nonfamily small businesses. Taking into account two consolidated financial approaches, (1) the trade-off theory and (2) the pecking order theory, several hypotheses on the financial behavior of both groups of firms have been tested. By estimating these models through panel data methodology, using a sample of Spanish family businesses together with another control group of nonfamily businesses, we have obtained results confirming that a business's family nature does lead it to employ financial policy different from the rest of businesses. Furthermore, …
An institutional perspective on corruption in transition economies
2017
Submitted version (preprint). This is the pre-peer reviewed version of the following article: Alon, A. & Hageman, A. (2017). An institutional perspective on corruption in transition economies. Corporate governance: An International Review, 25(3), 155-166, which has been published in final form at https://doi.org/10.1111/corg.12199. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. Manuscript Type: Empirical Research Question/Issue: Companies operating in transition economies encounter a broad range of potential challenges. In the area of tax, firms make direct tax payments but may also encounter unofficial t…
Unveiling the Role of Multiple blockholders: Evidence from Closely Held Firms.
2019
Research Question/Issue. This paper disentangles how the modes of ownership distribution among multiple blockholders and their heterogeneity shape principal–principal conflicts and, in turn, affect firm performance. The paper offers empirical evidence from a panel of Italian closely held firms over the period 2009–2014. Research Findings/Insights. We explore the principal–principal conflicts among blockholders across two distinct control structures. When a single blockholder controls the firm, principal–principal conflicts are shaped by the trade‐off between the alignment effect and the monitoring effect. In this scenario, we find that the relationship between the two largest blockholders' …
Healthy but risky: A descriptive study on cyclists’ encouraging and discouraging factors for using bicycles, habits and safety outcomes
2019
Abstract Transportation is a necessary process that requires not only adequate means, but also individual choices. And apparently, the recent boom of alternative modes of transportation has substantially changed people’s perceptions of cycling, as well as the reasons why they decide to use a bike. Nevertheless, people identify some motives that encourage this use together with the perceived risks and the discouraging factors which affect the choice of using a bike, thus making it important to explore all these elements in the light of the empirical evidence. The objective of this study was to explore and describe the encouraging and discouraging reasons behind the use of bikes among cyclist…
Transport Logistics and Modal Split of Spanish Exports to Europe: Empirical Evidence
2006
This article attempts to find the determinants of mode choice decisions for Spanish shipments to Europe and North Africa in four productive sectors that presents differentiated transport logistics. To this end, exhaustive fieldwork was carried out and a database constructed, including 1251 observations collected from transport decision-makers. A mixed logit is used to estimate a modal choice model, consistent with economic theory of modal choice in a price-time reliability framework. The main findings are that quality attributes of service influence modal choice only for the relatively high-value sectors whereas relatively low-value sectors are mainly affected by transport costs. In terms o…