Considering the fragmented literature related to business failure prevention and considering the need for a unifying conceptual framework on how and why companies fail, the current paper proposes an integration of the multiple similar, complementary or supplementary findings of previous...

This paper offers an extensive out-of-sample empirical analysis of the problem of hedging a long-term forward exposure in the corn commodity market by trading in short-term commodity futures contracts. A closed-form pricing formula for the forward curve is derived using the canonical A0(N)...

This article develops and presents a “Composite Indicator of the Creative Economy” (CICE). The CICE is a summary measure of an entity’s (e.g., a region’s) creative capacity or capability in three key dimensions: Innovation, Entrepreneurship and Openness. To develop the CICE we use an...

Brand personality has regained interest as a marketing topic since the development of the brand personality scale in 1997 by Aaker. Research, however, on personality traits of media channels as brands as such, but also as carriers of brand personalities of other brands, is still a rather...

This article examines whether the efficiency and effectiveness of the government linearly depends on the size of the public spending. We show that countries with a larger government do not systematically achieve better results than countries with a smaller government. Therefore, by the use of a...

In response to the many corporate scandals, regulators developed laws and recommendations in order to improve the governance of firms. This paper studies the relation between different corporate governance mechanisms and earnings management in a European context. Prior research focused mainly on...

Innovation policies, addressing the barriers that inhibit Small- and Medium-Sized Enterprises (SMEs) to innovate, have the potential to be extremely effective. Nevertheless, as this article will illustrate, market failure for innovating SMEs needs to be carefully identified, to better target...

This article provides an overview of the recent literature on franchising, with special attention to management control issues. Based on an analysis of franchising articles published in twenty-five high-impact journals over the period 1996-2008, the literature is divided into the following three...

Dit artikel gaat na in welke mate een investering in veiligheid voor het plaatsen van een nieuwe scheikundige installatie rendabel is. De auteurs stellen een management-ondersteunend kosten/baten model voor dat de veiligheidsinvesteringen van een chemische installatie identificeert en evalueert....