This paper surveys capital structure theories based on product characteristics and the structure of input and output markets. In this manner, it extends the work of Harris and Raviv (1991). Simultaneously, we relate capital structure to decisions in the input and output markets, such as...

Organisaties zijn complexe entiteiten die keuzen dienen te maken ten aanzien van accounting, financiering, logistiek, marketing, en personeelsbeleid. Dit artikel is gericht op de afstemming van deze keuzen. Organisaties worden hiertoe geconceptualiseerd als systemen van attributen, zoals het...

Nowadays, there is much attention for customer lifetime value (CLV) in the marketing literature. The objective of this article is to provide an overview of the extant knowledge on CLV that currently can be found in the marketing literature. First, the content of the CLV-concept is discussed....

The bankruptcy prediction literature generally ignores corporate ownership and assumes companies are independent economic entities. In Continental Europe this latter assumption does not hold, due to the importance of business groups. Using a sample of mostly non-quoted Belgian medium and large...

Nowadays, there is much attention for customer lifetime value (CLV) in the marketing literature. The objective of this article is to provide an overview of the extant knowledge on CLV that currently can be found in the marketing literature. First, the content of the CLV-concept is discussed....

Corporate spin-offs are important corporate restructurings that are associated with significant positive abnormal stock returns at their announcement. Recent research has investigated the sources of these gains. There has been considerable empirical support for theories that argue that excessive...

This article discusses which legal principles of good economic governance should form the basis of market legislation and supervision. Respect for the principles will contribute to a good functioning regulatory framework which is likely to enhance business confidence and produce the kind of...

In dit artikel gaan we na in hoeverre de vraag op de Belgische Lottomarkt zich laat beschrijven door de effectieve prijs van een rooster: het gedeelte van de nominale prijs dat een speler statistisch gezien verliest bij een bepaalde trekking. De relatieve aantrekkelijkheid van een welbepaalde...

Dit artikel analyseert de omvang en karakteristieken van nieuwe investeringen en desinvesteringen door Japanse multinationale ondernemingen in de elektronica industrie in de landen van Zuidoost Azië. De analyse laat een belangrijke mate van turbulentie in investeringspatronen zien welke...