THERE IS TREMENDOUS PRESSURE ON INDUSTRY AND LABORATORIES TO DEVELOP INCREASINGLY COMPLEX PROCUCTS: for example catalysts, chiral chemicals, drugs and ceramics; conform to regulations; cope with increasingly severe competition; and meet steadily increasing costs. It is difficult, in this situation, to remain productive and competitive. It is vital to be equipped with, and be able to use appropr...

This paper describes and considers explanations for changes in corporate governance and merger activity in the United States since 1980. Corporate governance in the 1980s was dominated by intense merger activity distinguished by the prevalence of leveraged buyouts (LBOs) and hostility. After a brief decline in the early 1990s, substantial merger activity resumed in the second half of the decade...

In this paper we seek to update findings relating to class mobility outcomes and processes in the Republic of Ireland employing data from the Living in Ireland Survey which was carried out in 1994. We also provide an evaluation of a measured variable model of the mobility process developed on an earlier data set. Our findings confirm that transformation of the class structure has been associate...

Abstract We study Switzerland’s weak growth during the 1990s through lens of business cycle accounting framework Chari et al. (Econometrica 75(3):781–836, 2007). Our main result is that productivity cannot account for 1993–1996 stagnation episode. Rather, explained by factors made labour and investment expensive. show increased income taxes financial frictions are plausible causes. Holding thes...