Relationships with consumers are critical to the success of online sellers. Online returns can detrimentally influence buyer–seller relationships and, thus, online sellers should carefully approach online returns to restore ...

We use a factor-augmented vector autoregression (FAVAR) to estimate the impact of monetary policy shocks on the cross-section of stock returns. Our FAVAR combines unobserved factors extracted from a large set of nancial ...

The development of researches which approach the study of returns to education in order to influence on the making of decisions is frequent. There are conventional procedures to quantify them and to grant scientism to the ...

We present a model of sequential innovation in which innovators use several research inputs to invent new goods. We extend work by Shapiro (2001) and Lerner and Tirole (2004) by studying the effects of increases in the ...

This paper consists of a review of the literature about dividend policy in Brazil, focusing on the empirical studies conducted from 1990 to 2010 that were published in major Brazilian administration, accounting and finance ...

This paper estimates the economic returns to vocational secondary education in Chile. Using administrative data we link individual salaries in 2010 (ages 24 to 27) with the type of secondary educaÜon each person attended ...