Purpose – The purpose of this paper is to present a new method to account for investments in human capital, which the authors have named investment capitalization. This method uses investments in training and hiring of employees as a surrogate for their intellectual capital, capitalizing and...

The relationship between firm-specific strategies and the firm's value has attracted considerable attention from researchers. The present article seeks to add to the literature by investigating firm-specific business strategy and value. We categorize firms into different ‘strategy...

The recent financial crisis has plagued banking institutions around the world. Using a non-parametric (data envelopment analysis) approach, we measure operating and profit efficiency of 21 commercial banks from four countries during 2004-2010. The results suggest that for the most part there is...