What is the relationship between corporate philanthropy and corporate financial performance? Some scholars argue that corporate philanthropy facilitates stakeholder cooperation and helps secure access to critical resources controlled by those stakeholders, suggesting that corporate philanthropy should be positively associated with corporate financial performance. In contrast, other scholars tak...

The paper contributes to the measurement of poverty and vulnerability in three ways. First, we propose a new approach to split total poverty into chronic and transient components. Second, we provide corrections for the statistical biases often introduced by the use of a relatively small number of periods in the estimation of the importance of risk in accounting for total poverty. Third, we appl...

This research investigates the determinants of software piracy using panel data analysis. Our dataset contains eleven countries in the Far East during the period 1995 to 2006. Our major empirical result shows a negative relationship between software piracy and the unemployment rate, per capita GDP, and the balance of trade, but a positive relationship in population and economic freedom. These r...

We investigate whether the impact of institutions depends not just on their current state but also on how they came to be. In particular, we hypothesize that while economic freedom that emerges spontaneously may be growth promoting, economic freedom that emerges as a result of costly lobbying efforts may be less fruitful. In an extreme case, costly lobbying efforts may even negate the growth-en...

The aim of this paper is to explore how interpersonal variation in risk preference affects human capital investment and wage growth. To date, there has been a distinct lack of empirical research in this area despite the fact that the risk preference of individuals plays a key role in the theory of human capital accumulation. We investigate the link between risk preference, human capital investm...

The advantages, disadvantages, and issues involved in the panel analysis of travel behavior are discussed. Increased statistical efficiency, possibility of improved prediction, and the ability to observe changes and examine behavioral dynamics, are among the advantages panel data offer. Their disadvantages, on the other hand, stem from the added biases and costs of panel survey, and increased c...

Prior research has found mixed results regarding the performance impact of chief information officers (CIOs) included on top management teams (TMTs). This study answers the question, under which circumstances firms should include IT responsibility in the TMT and how to integrate IT in the TMT to successfully enhance firm financial performance. We explain business/IT alignment based on the distr...

This study investigates the relationship between consumer search costs, inflation, and firm markups in retail trade by employing actual measures of consumer search cost gathered by way of an online consumer survey. Consistent with theory, results indicate that markups can be higher if consumer search costs are higher. Results from panel data also show that increases in inflation lead to increas...