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Downloadable! Poverty in Bolivia continues to be among the highest in Latin America despite decades of concerted national and international efforts to reduce it. Bolivia has meticulously followed the recommendations of the Washington... more
Previous research shows that taste is one of the most important factors in determining food choices, and that food choices may be affected by ”nudging”. We analyze how taste, as determined by meal attributes, and nudging affects... more
This paper proposes a two-dimensional Strategic Performance Measure (SPM) to evaluate the achievement of sustained superior performance. This proposal builds pr imarily on the fact that, under the strategic management perspective, a... more
The primary goal of this paper is to investigate whether participation in terrorist activity can be linked to ignorance (measured through schooling) or to economic desperation (measured through poverty on the individual's level and... more
The primary goal of this paper is to investigate whether participation in terrorist activity can be linked to ignorance (measured through schooling) or to economic desperation (measured through poverty on the individual's level and... more
In this paper, a Bayesian version of the exponential smoothing method of forecasting is proposed. The approach is based on a state space model containing only a single source of error for each time interval. This model allows an... more
Resumen: Sobre la base de una breve y selectiva revisión de la literatura acerca del desarrollo económico local (DEL), en el presente artículo se analizan cuatro aspectos teóricos que distinguen a las teorías de desarrollo económico... more
Working Paper / Documento de trabajo About FRIDE FRIDE is an independent think-tank based in Madrid, focused on issues related to democracy and human rights; peace and security; and humanitarian action and development. FRIDE attempts to... more
This paper develops a dynamic stochastic general equilibrium model with interactions between an heterogeneous banking sector and other private agents. We introduce endogenous default probabilities for both firms and banks, and allow for... more
Land-scarce Rwanda is an unlikely place in which to find 'land grabbing'. However, an ongoing legal, institutional and financial re-configuration of the agricultural sector in Rwanda facilitates increased penetration of rural smallholder... more
En todo el mundo, la falta de oportunidades, marginalización y desatención por parte del Estado caracterizan a la producción de cultivos empleados para la producción de drogas. Aunque estos temas se encuentran en el núcleo de políticas... more
Practitioners in Europe and the U.S. recently have proposed two distinct approaches to address what they believe are shortcomings of traditional budgeting practices. One approach advocates improving the budgeting process and primarily... more
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The contexts of institutional religions in the United States and the shifting sands of how congregations and religious institutions have been dramatically changing involve a variety of factors: fluctuating demographics, shifting family... more
Emerging market economies typically exhibit a procyclical fiscal policy: public expenditures rise (fall) in economic expansions (recessions), whereas tax rates rise (fall) in bad (good) times. Additionally, the business cycle of these... more
This series of papers represents work in progress. Our objective is to share current research as quickly as possible with a wide academic and practitioner community. The papers do not represent finished projects or debates. Authors... more
This is the first study to adopt a configurational paradigm in an investigation of strategic management accounting (SMA) adoption. The study examines the alignment and effectiveness of strategic choice and strategic management accounting... more
One of the main causes behind the trade collapse of 2008-09 was a significant fall in the demand for durable goods. This paper develops a small country, overlapping generations model of international trade in which goods durability gives... more
Since SOX 404 disclosures are informative about earnings, and due to the widespread practice of using earnings-based measures in executive compensation, this study examines whether reports of internal control material weaknesses (ICMW)... more
We examine the effects of two types of informational frictions, robustness (RB) and finite information-processing capacity (called rational inattention or RI) on the current account, in an otherwise standard intertemporal current account... more
This article analyzes the different perceptions of both male and female potential entrepreneurs from three European regions differing in their respective level of economic development and entrepreneurial culture. We use an extended... more
institució aquesta última a la qual hi és adscrit a efectes acadèmics. "Working Papers" és una de les col•leccions que edita l'ICPS, amb un informe previ del corresponent comitè de lectura, especialitzada en la publicació-en la llengua... more
This paper attempts to develop a theory of statistical equilibrium based on an entropy- constrained framework, that allow us to explain the distribution of stock returns over di erent market trends. By making use of the Quantal Response... more
In this paper we investigate the relation of the anomalies on accruals and net stock issues with the value/glamour anomaly. Our findings reveal, that hedge strategies on retained earnings, total accruals, net operating assets (accrual... more
This paper studies female board representation in 534 public corporations in four Nordic countries during [2001][2002][2003][2004][2005][2006][2007][2008]. We explore how the heterogeneity of male directors correlates with the... more
We analyze the influence of unsecured debt (subdebt) on risk-shifting in banks whose assets are risky debt claims. We assume that the stockholders and subdebtholders jointly decide on risk-shifting. We show that replacing part of the... more
In this research, we attempt to understand the effect of communication practice on organizational performance. A simple model is designed which includes several variables of performance. The goal is to analyze how communication is related... more
This paper analyses residents' perception toward cruise tourism development and its externalities. The research involved a primary data collection in Messina, during the summer peak of the cruise season in 2011. A correspondence... more
This paper analyzes the relationship between the budget balance and the cyclical situation of the economy. There are two main purposes. In the first analysis, we develop a method for economic policy, and induced changes that arise due to... more
This article demonstrates how the challenges of efficiency and innovation in public organizations can be addressed by applying the literature of organizational ambidexterity to the literature of public administration. The article... more
The primary goal of this paper is to investigate whether participation in terrorist activity can be linked to ignorance (measured through schooling) or to economic desperation (measured through poverty on the individual's level and... more
In this paper we study the determinants of banks' decision to adopt a transactional website for their customers. Using a panel of commercial banks in the United States for the period 2003-2006, we show that although bank-specific... more
We introduce a model analyzing how asymmetric information problems in a bank-loan market may evolve over the age of a borrowing firm. The model predicts a life-cycle pattern for banks’interest rate markup. Young firms pay a low or... more
Civil wars do not only destroy existing political orders. They contribute to shaping new ones, and thereby play a crucial role in dynamics of state formation. This working paper is based on a 2-year research project funded by the Swiss... more
Purpose Although multi-brand loyalty (MBL) in consumer markets has been identified in previous brand loyalty research, empirical studies have not yet explored the facets of its different types. This paper aims to have a deeper... more