We develop a demand rate model for the optimisation of retail sales of perishable assets when consumers track prices over the sales horizon. We model this behaviour within an aggregate demand framework, solving the initial joint inventory and pricing problem when the demand is deterministic as...

We link brokerage firm revenue and affiliated analysts' recommendations to the firms' competitive positions in product markets. Our first important finding is that affiliated analysts tend to assign more favourable ratings to the firms with high market power (more competitive firms) during...

Revenue enhancement and value creation are core issues of mergers and acquisitions (M&A). Revenue enhancing synergy associated with cross-industry M&A is supported by Asian emerging markets. Both within-industry M&A and cross-industry M&A deals realise significant positive abnormal returns. The...

This paper examines the firm growth-size and growth-learning theories using sales revenue ratios and cost ratios. The results show that: 1) the DJIA firms' focus on the short-term leads to reduced growth rates; 2) low-growth firms are characterised by increasing costs and increasing debt...

Assumptions used by investors when determining the value of an asset portfolio may result in large discrepancies. Creating a portfolio of assets must be linked to some measure of value, and this value was driven by the long-term cash flow ability of the assets. One of the most influential...

This study provides value estimates for intangible assets of publicly traded hotel firms in the USA. When evaluating a firm's tangible and intangible assets, tests of model usefulness reveal that it is meaningful to decompose adjusted income (AI) into adjusted income derived from intangible...