This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the period 1893-1912. We find that there was substantial inefficiency in the industry with no sign of reduction over time. Our main conclusion is that principal agent problems...

Combining case studies with accessible but rigorous production models and historical background, this provocative book challenges accepted views on Japanese production methods in the world car industry. The book argues that the 'lean and flexible' production model popularly associated with...

Anne S. Tsui (1990), 'A Multiple-Constituency Model of Effectiveness: An Empirical Examination at the Human Resource Subunit Level', Administrative Science Quarterly, 35 (3), September, 458-83 -- Robert E. Quinn and John Rohrbaugh (1983), 'A Spatial Model of Effectiveness Criteria: Towards a...

The German state banks - or Landesbanks - are not only some of the largest banks in Germany but are also a dominant force in the international banking sector. These state-owned banks enjoy special privileges and government support which have made them major players in the global arena of banking...