Decisions pertaining to the coordination and control of subsidiaries made by emerging international construction firms are crucial for the success of their internationalization process. The case study approach, based on four emerging international construction firms with headquarters in...

In a dynamic environment, organizations often are required to effect major changes in operations. The success of such changes invariably depends upon numerous factors one of which is how the change affects the work environment. Therefore, in planning organizational change it is important to...

type="main" xml:lang="en" <p>This paper considers the econometric estimation of a two-factor model of the short-term interest rate. We develop a procedure for the time series estimation of its parameters, based on recently developed Gaussian estimation methods which are extended to handle...</p>

In this article, we provide empirical evidence of the recent financial crisis over 2007--2009 using discrete time multivariate GARCH (MGARCH) models and continuous time modelling approaches. Using daily data for 14 countries, we investigate the return and volatility spillovers among the US and...

Estimates are made of multi-factor versions of the Cox-Ingersoll-Ross model of the term structure of interest rates using the Kalman filter. Estimates are obtained using weekly UK Gilt-edged market data over the period 1982-1997. Empirical results support the need for a multi-factor model and...

This paper is concerned with deriving formulae for higher order derivatives of exogenous variables for use in estimating the parameters of an open secondorder continuous time model with mixed stock and flow data and first and second order derivatives of exogenous variables which are not...

In this paper a numerical procedure recently applied in finance is used to compute implied bond and contingent claim prices starting from the CKLS interest rate model. The CKLS model is estimated using a range of maturities from the UK interbank market including the one week and one, two, three,...