El objetivo de este trabajo es construir un indicador que mide el sentimiento sobre la coyuntura económica que se desprende del texto de los ejemplares del Boletín Económico publicados por el Banco de España. Este indicador de sentimiento evoluciona de manera muy parecida a la primera...

Relative to other climate protection measures, public investments in the dissemination of improved biomass cooking stoves provide a very effective low cost measure to reduce greenhouse gas emissions. More than three billion people in developing countries rely on inefficient cooking stoves...

Abstract: Relation-specific investment in business relationships is not a new, but still a core concept of several research and academic publications. Globalization, intense competition, short product life cycles are only a view phenomenon of today’s turbulent economy that lead to more intense...

Abstract: The present research is part of the research project Tendencies of CSR in Hungary financed by the Hungarian Scientific Research Fund (OTKA, No. K68769) between 2007 and 2011. Here, CSR- or CSR-related reports of Hungarian companies will be analysed. First, a ‘database’ of the most...

Abstract: As part of a wider research program we analysed the theoretical framework and the recent developments of the process of internationalisation (transnationalisation) of the small- and medium-sized enterprises generally in the European Union and with a specific view on Hungary and Spain....

Abstract: From time to time the purview of international business (IB) is on the academic agenda. Seminal papers and books have been published on IB as a research field. Less room has been devoted to teaching and textbook issues. This paper addresses this aspect, using a three 3 year textbook...

Abstract: National competitiveness and competiveness policy have been advocated by several nations and the European Union since decades. Though there are many critiques on the concept and its content they are well elaborated. The reasons for the mismatch between the requested and realized...

We propose the systemic risk beta as a measure for financial companies’ contribution to systemic risk given network interdependence between firms’ tail risk exposures. Conditional on statistically pre-identified network spillover effects and market and balance sheet information, we define...

This paper estimates wage losses arising due to changes in the structure of demand for occupations. The data on occupational changes made for the sake of adjustment to the changes in the demand structure come from the German reunification of 1990. Endogenous occupational changes are instrumented...

A new heteroskedastic hedonic regression model is suggested which takes into account time-varying volatility and is applied to a blue chips art market. A nonparametric local likelihood estimator is proposed, and this is more precise than the often used dummy variables method. The empirical...