Electric utilities today face increasing competition from substitutes for utility-generated power. As a result, utilities are being forced to reevaluate their pricing policies to address competition from other fuels and potential customer 'bypass' of the utility. This paper extends the analysis...

The standard capital market event study is used to measure Japanese firm-specific effects resulting from action taken by the US in response to alleged dumping of Japanese imports in US markets. Empirical findings are that winners and losers in the process differ predictably from each other and...

This paper deals with the motivational impacts of alternative participation and performance-evaluation methods on the cost- reduction performance of product designers in the product development process. Alternative participation methods for establishing the target cost consist of the...

Recent changes in the legal environment faced by US corporations suggest that the shareholder-manager conflict of interest, and the effectiveness of mechanisms to narrow this divergence, are issues of continuing importance. This study examines the linkages between institutional, market and legal...

This paper presents features of the production seat system and its industrial applications in Japan. Like an airline reservation system, customers' orders are booked on the production seat table in the production seat system. Then orders are released from the production table to work processes...

Several recent papers show that dissident institutions have more influence with management when the level of institutional ownership in the target firm is high. This paper investigates whether increased institutional ownership and institutional ownership concentration reduce agency costs and...

This paper studies how a separation of ownership and management affects firms' R&D and production decisions in Cournot quantity competition. It is found that when R&D spillovers are small, owners strategically direct their managers away from profit maximization towards sales. Consequently,...

Regulation of public utilities is pervasive in any modern economy. Regulation is designed to overcome the deficiencies of market discipline. The decisions of a regulatory agency have impacts for all parties concerned, namely, consumers, management, investors, and community. The economic impact...