Sustainability is a global issue concerning future generations, but steps towards sustainable development must also be taken at the spatial scales of regions and at the temporal scales of individual lives. Different scales matter in social networks and in cultural realities, too. The fact that relatively small regions can dominate global markets for products based on continuous innovation point...

This paper addresses the following question: does the stock market influence the process of capital accumulation? If exchanging ownership of firms on a stock market is equivalent to exchanging the ownership of their capital on a capital goods market, then introducing a stock market will not affect the predictions of the real models of capital accumulation–the Ramsey model (1928) if agents are i...

We review and extend the empirical literature that seeks evidence of a wedge between the private and social returns to human capital, specifically education. This literature has two main strands. First, much of modern growth theory puts human capital at center-stage, building on older notions of human capital externalities as an engine of economic growth. Empirical support for these ideas, base...

This paper choose Chinese high-tech listed companies as the samples to testify the slack resources’ moderating role between intellectual capital and corporate value. The results based on hierarchical moderating regression (HMR) show that intellectual capital of high-tech listed companies not only has a significant influence on corporate value creation, but also has a significant impact on the p...

The main objective of this article is to present a comparative study of capital assets pricing models (CAPM) with extrapolating capital assets pricing models (X-CAPM) of companies admitted in Tehran Exchange Market which is accomplished for the first time by investigators of this research in Iran. Accordingly, the statistical population under study of this research includes all companies admitt...