The development model of free open source software (FOSS) provides important managerial lessons for knowledge creation, innovation, and software and new product development. Yet many unanswered questions exist regarding why certain FOSS projects succeed while others fail. Drawing on social...

This paper considers the effects of some frequently used utility functions in portfolio selection by comparing the optimal investment outcomes corresponding to these utility functions. Assets are assumed to form a complete market of the Black-Scholes type. Under consideration are four frequently...

While there is practitioner interest in real options (RO), there are significant difficulties in practitioner use of complicated RO models, such as compound options pricing models (OPMs) of multistage investments. Drawing upon theories of learning and knowledge, we propose a general framework...

This study considers what we call the "degree of optimality" of quota assignments for each OPEC member country based on certain proposed fairness "factors. We argue that these factors should ideally be based on energy and economic conditions that ought to be taken into consideration when...

There has been much debate on the relevance to firms of the academic research produced by business schools. However, what has not received as much attention is how the relevance of the research to businesses should be measured in a systematic and empirical way. We develop a systematic method to...

This paper has a dual thrust. First, it provides a parsimonious theoretical investigation into a commonly vexing issue, that of the vast discrepancy between what people are willing to pay in a lump sum and the total present value of installments to which they are willing to commit. An annuity...

Existing empirical studies of dividend yields and dividend policies either make no assumption or the normal distribution of the dividend yields data. The statistical results will be biased because they cannot reflect the finite support set property of dividend yields which can only range from 0...