This paper sets out to determine what is the strategic positioning of the Spanish Savings Banks, on the basis of published financial information.

The main purpose of this paper is the development and validation of a failure classification model for UK public industrial companies using current techniques: logit analysis and Neural Networks. Our dataset consists of 51 matched-pairs of failed and nonfailed UK public industrial firms over the...

Macaulay duration matched strategy is a key tool in bond portfolio immunization. It is well known that if term structures are not flat or changes are not parallel, then Macaulay duration matched portfolio can not guarantee adequate immunization. In this paper the approximate duration is proposed...

As in the case with many domains of organizational behaviuor, occupational stress research has for many years been characterised by the use of self-report methodologies, in particular the written quetionnaire, as the primary means of data collection. Reliance on self-report for the measurement...

This paper discusses the use of dynamic modelling in consumer credit risk assessment. It surveys the approaches and objectives of behavioural scoring, customer scoring and profit scoring. It then investigates how Markov chain stochastic processes can be used to model the dynamics of the...

This paper explores the existence of multiple solutions in the ratio formulation of Data Envelopment Analysis, and the related problem of degeneracy in its envelope formulation. It is argued that the envelope formulation is inherently degenerate.

In this paper we develop the case for the creation of a single financial supervisory and regulatory authority for the Russian Federation. This case is based on three criteria: (a) it enables economies of scope to be exploite (b) it ensures regulatory parity (c) it satisfies prudential logic.

Scaling techniques are proposed as an alternative tool for the analysis and prediction of corporate failure. This approach has the advantage of reproducing the main features of the data in the form of statistical maps that lend themselves to intuitive interpretation. The maps are further...

Both the UK spot and futures markets in short term interest rates are found to react strongly to surprises in the scheduled announcements of the repo rate and RPI. Therefore these announcements should also affect the market for options on short term interest rates. Because the repo rate and RPI...

This paper presents the findings of a grounded theory study of the development of strategic ideas in a multinational organization. By drawing on the rich data generated from this longitudinal in-depth fields study, this paper provides a theoretical framework for the development of strategic ideas.