Similar Search Results

Effect of corporate leniency program on cartel dissolution under market uncertainty

Cai, Xiaowei - In: Advances in management & applied economics 2 (2012) 4, pp. 141-160

by the antitrust agency. We develop a dynamic model in which an incumbent cartel decides whether or not to voluntarily … dissolve the cartel based on the observed profit and the antitrust agency’s cartel deterrence index when there is leniency … elasticity, industry size, and the cost of entry which determine excess profits jointly, the antitrust agency might be able to …

Persistent link: https://www.econbiz.de/10010097667

La prestación del servicio postal universal en un contexto de precio uniforme y descremado del mercado : ¿Existe riesgo de graveyard spiral?

Pateiro Rodríguez, Carlos; Prado Domínguez, Javier; … - In: Atlantic review of economics 2 (2011), pp. 1-27

This paper focuses on the problems posed by the uniform price and market cream skimming in a context in which the incumbent is restricted asymmetric prices and products and analyzes the risks of a graveyard spiral process. We point that the price elasticity of demand, the brand loyalty and the...

Persistent link: https://www.econbiz.de/10010049031

Endogenous governance transparency and product market competition

Hidalgo-Cabrillana, Ana - In: SERIEs : Journal of the Spanish Economic Association 4 (2013) 1, pp. 113-136

This paper analyzes the determinants of governance transparency. In our model, entrepreneurs optimally decide the precision of their earning reporting by trading off the possibility of expropriating profits against the capacity to attract external funding.We find that information is only...

Persistent link: https://www.econbiz.de/10010148154

Corporate governance and its impact on firm risk

Alam, Abdullah; Shah, Syed Zulfiqar Ali - In: International journal of management, economics and … 2 (2013) 2, pp. 76-98

The aim of this research is to explore the relationship of corporate governance with firm risk. This study establishes a link between corporate governance variables and firm risk for a sample of 106 Pakistani firms over a time of six years (2005-2010). Based on the estimation results, family...

Persistent link: https://www.econbiz.de/10010148372

Modified net present value as a useful tool for synergy valuation in business combinations

Orsag, Silvije; McClure, Kenneth G. - In: UTMS journal of economics / University of Tourism and … 4 (2013) 2, pp. 71-77

The subject of this paper is a modified net present value, and how it could be a useful tool for synergy valuation in the process of business combination. Every successful acquisition has to result in synergy in the post acquisition value. In the process of valuation each company has three...

Persistent link: https://www.econbiz.de/10010185800

Distances and small business credit constraints : the French case

Kooli, Salima Djedidi - In: International journal of economic sciences and applied … 5 (2012) 3, pp. 81-114

Deregulation and progress in information and communication technologies have increased the geographical expansion of banking structures and instruments. This makes banks operationally close to the borrowers. At the same time, banking industry consolidation have induced a geographical...

Persistent link: https://www.econbiz.de/10010097638

Board characteristics and R&D investment : evidence from Taiwan’s electronics industry

Chen, Hsiang-lan - In: Advances in management & applied economics 2 (2012) 4, pp. 161-170

This study investigates the effects of board characteristics on R&D investment by utilizing a data set of electronics firms listed on the Taiwan Stock Exchange Corporations. The empirical results indicate that R&D investment is negatively associated with board size and positively associated with...

Persistent link: https://www.econbiz.de/10010097666

New public management approach and accountability

Fatemi, Mahboubeh; Behmanesh, Mohammad Reza - In: International journal of management, economics and … 1 (2012) 2, pp. 42-49

A new paradigm for public management, called "New Public Management", has emerged since the 1980s that is formed to confront at present problems. This model is originated from the fusion of economic theories and private sector management techniques. The most relief particulars of this model are...

Persistent link: https://www.econbiz.de/10010098101

The board of directors and its role in the corporate governance system : considerations about the control model ; a research note

Gstraunthaler, Thomas; Lukács, János; Steller, Marcel - In: International journal of economic sciences and applied … 1 (2008) 1, pp. 37-54

The paper examines the corporate governance mechanism of the control model (or insider control system) by looking at both the motivation for management to deviate from following their principal's wishes and whether the supervising body, the board of directors would correct them. Some...

Persistent link: https://www.econbiz.de/10009958025

Considering the shareholder perspective : value-based management systems and stock market performance

Rapp, Marc Steffen; Schellong, Daniel; Schmidt, Maximilian - In: Review of managerial science 5 (2011) 2/3, pp. 171-194

Persistent link: https://www.econbiz.de/10009885063