This paper presents results of a managerial information system prototype developed for modern agriculturalists in the Brazilian Cerrado´s Region. It follows a case study approach. One medium scale (422 hectares) of operation was envisioned, archetypical accounting framework was established,...

In this paper we analyse the effect of R&D co-operation on firms´ innovationperformance. We investigate the effect of past co-operation on current sales ofinnovative products, distinguishing between products new to the firm and new tothe market, and on cost reductions due to innovative...

This paper uses German evidence to address two questions about corporate governance. Theeffects of ownership on corporate governance have received much recent attention, but verylittle of this has been devoted to the appropriate way to measure firm ownership. The resultsof this paper show that...

It is frequently noted that investment funds with a nonnormal return distributioncannot be adequately evaluated using the classic Sharpe ratio. However, recent research compared the Sharpe ratio with other performance measures and found virtually identical rank ordering using hedge fund data. We...

Although there is growing evidence on the role of agglomeration economies in the formation and growth of firms, both the concepts of agglomeration economies and entrepreneurship tend to be ambiguously defined and measured in the literature. In this study, we aim to improve the conceptualisations...

The aim of this paper is to analyse the effects of knowledge management on theinnovation success of firms in Germany. Using a matching procedure on data from theGerman Innovation Survey of 2003 (“Mannheim Innovation Panel”), we pair firmsapplying knowledge management with twin firms with...

What determines the aggregate and distributional effects of new transportation infrastructure? One key overlooked channel is the role that infrastructure policy plays in changing the incentives of firms to enter, exit, and grow--in turn generating endogenous changes in local productivity. In...

In the literature, the impact of multinationality on the valuation of multinational companies is heavily debated. To understand this impact on valuation, we need to clarify whether and how multinationality affects systematic risk. For this purpose, we analyze the state of research concerning the...

This paper relates cultural distance and governance structures. We suggest a model of cultural evolution that captures the idiosyncratic socialization dynamics taking place in groups of communicating and interacting agents. Based on these processes, cultural distance within and between groups or...