4 articles in this issue
Michael Dietrich, Jolian Mchardy, Abhijit Sharma
We develop a theoretical framework exploring firm corruption accounting for interactions with an auditor who provides auditing and other services. A multiplicity of equilibria can exist including stable corruption and auditor controlled corruption. Whilst... see more
Subal C Kumbhakar, Mike G Tsionas
In this paper we propose a new latent class/mixture model (LCM) to determine whether firms behave like profit maximizers or just cost minimizers when there is no additional sample separation information. Since some firms might be maximizing profit while o... see more
Nicholas Apergis
Higher unemployment increases the cost of job loss and heightens employees’ feelings of job insecurity. The paper argues that these two effects could have a positive influence on employee organizational commitment. Using data from the Household, Income an... see more
Lenno Uusküla
The paper examines the relationship between more than 30 macroeconomic variables and debt-to-GDP ratios for the household, non-financial corporation and aggregate debt in a panel of European Union countries. The GDP level and the ratio of house prices to ... see more