Employee compensation may impact payout policy by (i) incentivizing managers with non-dividend-protected options to favor repurchases over dividends and (ii) diluting earnings, which firms can neutralize through share repurchases. Both the dividend-protection and dilution channels imply a...

We are the first to document and study the use of Rule 10b5 1 preset repurchase plans. Though the Rule's original intent was to clarify conditions for enforcing insider trading laws, generally thought to apply to individuals classified as firm insiders, we find strong use of the Rule at the firm...

This paper studies the strategic use and timing of share repurchases by insiders for personal gain. Using grant level compensation data and a hand-collected sample of monthly repurchases, I find a positive causal relation between CEO equity sales and share repurchases. I identify the relation...

The quality of decision making in product development (PD) is dependent upon the designer's ability to optimize conflicting needs. However, optimization is unlikely to succeed when based on inaccurate or erroneous information. Given that provision of accurate information frequently lies beyond...

Project success is an attractive idea but what factors lead to success remains an areaof conjecture. In the project management literature the success has often beendefined in terms of better control of timescales, budgets and resource planning. Yetthese are impoverished terms for conceptualising...

A levy/grant system exists in the UK construction industry toprovide financial support for companies undertaking trainingactivities. With the current UK government skills policy, thereis an emphasis on ensuring that training support provided toemployers is aimed at enhancing companies’...

Reports abound of the detrimental effect of the construction skills crisis on the performance and futuredevelopment of the UK construction industry. The industry’s continued growth in output, coupled with itsunpopularity as a career choice, has led to extreme pressure on its labour market...

The provision of additional services to accompanythe sale of products is increasingly central to the businessstrategies of companies in manufacturing and engineering, oftenreferred to as aftermarket services (AMS). The purpose of thispaper is to explore the experience of expanding AMS in...

Purpose: Explores the evolution of ‘product-service’ (P-S) strategies in the aerospace sector. Despite the widespread perception that aerospace organisations are advanced in terms of P-S integration, little is known about the realities of P-S provision in the sector. Much of the existing...