This paper aims to examine in-depth the events leading up to the partial privatisation in Indonesian State-Owned Banks (SOBs). The paper addresses the following questions: What is the meaning of ‘partial privatisation' in the banking sector? How has partial privatisation of banking been...

This paper examines the link between value creation and transportation provision by conducting an examination of some of the projects financed and managed by Macquarie Bank, perhaps the worldwide leader in private infrastructure finance. Macquarie, an Australian firm, uses an infrastructure...

The Great Depression is a seminal event in history and hence is widely covered in history courses of all types. However, it is often ignored (as is most history) in current core and advanced courses in undergraduate business, economics and finance curricula. This paper discusses ways in which...

Pricing of roads has been a mantra in transportation economics for many decades now. The basic economic reasoning is sound: optimal consumption of a road is set where price=marginal cost (P=MC) and the lack of a price or the presence of underpricing will lead to economically inefficient levels...

This paper examines two theories of the current financial epoch referred to as the 'subprime crisis.' One theory is rooted in a tradition of policy activism which holds that the failure of the financial system was fundamentally driven by institutional faults, especially in private sector risk...

This paper argues that much of the uncertainty in academic study of different business and policy areas is due to the limitations in existing methods. To explore these limitations, and ways of overcoming them, methods used by other fields of inquiry will be examined and broken down into...

Much has been written about the outsourcing phenomenon. Most authors have attempted to measure and/or minimize its effects or show that “in the long run” the benefits will outweigh the costs. Many authors have described the best way to manage the outsourcing process. But what is the morality...

The GFC has affected national banking sectors across the globe. These effects have differed according to many factors, including the degrees of openness in real and financial sectors, maturity of financial intermediation, and fiscal and monetary policy responses. One very interesting case is the...

Policy research is sort of like pornography: you know it when you see it, but it is difficult to define. If one thinks of a question which asks quot;How are federal programs and policies affecting or likely to affect outcomes in the larger societyquot;, policy research can be thought of as the...

Modern social science supposedly eschews any notion of purposefulness when assessing social phenomenon. There may be causes and effects, and in the case of individual actors or groups of actors there are certainly intentions. But the Aristotelian notion of teleology, that things which social...