BUSCADOR RECOLECTA

This paper proposes an estimator of the cointegrating rank of a potentially cointegrated multivariate fractional process. Our setting is very flexible, allowing the individual observable processes to have different integration orders. The proposed method is automatic and can be also employed to infer the dimensions of possible cointegrating subspaces, which are characterized by special directions in the cointegrating space which generate cointegrating errors with smaller integration orders, increasing the “achievement” of the cointegration analysis. A Monte Carlo experiment of finite sample performance and an empirical analysis are included., This research is supported by the Spanish Ministerio de Ciencia e Innovación (ref. ECO2008-02641).

The determinants of the dimensions that shape a formal system of performance appraisal are studied in relation to a sample of Spanish manufacturing establishments. In particular, the factors that influence the measures used to evaluate performance, the person who carries out such appraisal and its frequency are analysed. Our results show that the characteristics of the establishment exert a significant influence on the configuration of performance appraisal. Specifically, we find that the use of practices complementary to performance evaluation and the structural factors of the establishment are found to correlate closely with the dimensions of formal performance appraisal., Alberto Bayo-Moriones acknowledges financial support from Ministerio de Educacion y Ciencia (project SEJ2007-66511). Jose Enrique Galdon-Sanchez and Sara Martinez-de-Morentin also acknowledge financial support from Ministerio de Educacion y Ciencia (project ECO2008-02641). Sara Martinez-de-Morentin also acknowledges financial support from the Universidad Publica de Navarra research grant 1435/2004.

In this paper the differences in the incidence of pay for performance plans between occupations in a sample of Spanish manufacturing establishments are analysed. Our results show that there are significant differences between occupations in the incidence of individual, group and firm or plant pay for performance plans. The roles of establishment size, multinational ownership and the human resources management department in the incidence of pay for performance plans and their variability of use across occupations within the same firm are also studied. These factors are found to correlate to a greater use of pay for performance and, in most cases, this effect is homogenous across occupations., The authors would like to thank Fundacion BBVA for funding the survey conducted at Spanish establishments. Alberto Bayo-Moriones acknowledges financial support from Ministerio de Educacion y Ciencia (project SEJ2007- 66511). Jose Enrique Galdon-Sanchez and Sara Martinez-de-Morentin also acknowledge financial support from Ministerio de Educacion y Ciencia (project ECO2008-02641). The third author also acknowledges financial support from the Universidad Publica de Navarra research grant 1435/2004.