We propose two theories for the formation of stock prices under the condition that the number of available stocks is fixed. Both theories consider the balance equations for cash and several kinds of stocks. They also take into account interest rates, dividends, and transaction costs. The...

Firms in emerging markets are particularly challenged by uncertainty and equivocality in their long-term oriented decision making. These markets are characterized by dynamic institutional contexts especially affecting the predictability of future developments in the business environment. Based...

Emerging markets and transition economies challenge established business theories. In this paper, we conceptualise a framework incorporating the institution– and resource–based view to analyse how institutions impact the operations of western companies in a transition economy context:...

The importance of purchasing and supply management (PSM) for corporate success has received a great deal of attention in recent years. Most research in this area has investigated PSM's contribution to the firm by directly linking its practices to corporate performance. In this paper, we develop...

Purchasing and Supply Management (PSM) today is increasingly becoming more important to senior management due to its potential to strategically influence both operational performance as well as financial performance outcomes. However the cross-functional nature of many PSM activities has led to...

The liberalization of ground handling in Europe forces airports to assess their performance relative to their competitors in order to remain competitive and sustain long-term competitive advantage. Together with main EU hub airports, action research was conducted for one year to develop a...

Reverse logistics networks are often implemented to ensure a sustainable product or material recovery and to improve a company's sustainability footprint. The most common approach for designing bi-directional networks is the independent design of reverse and forward networks. The joint...

type="main" xml:id="jscm12067-abs-0001" <p>Mounting pressure for sustainable business practices has led to a greatly increased focus on highlighting sustainability drivers throughout the supply chain. While the literature has concentrated on why downstream original equipment manufacturers (OEMs)...</p>

Offshore outsourcing is gaining increasing importance and attention in both theory and practice. The purpose of this research is to use nine in-depth case studies to analyze the evolution of offshore services outsourcing with regard to how expectations and governance structures change over time....

An issue for companies in globally competitive markets is to adapt their organizational structures and governance in increasingly complex organizations. At the functional level of purchasing, companies are turning to hybrid purchasing organizations in order to leverage global sourcing benefits....