The application of options pricing theory to value irreversible investment decisions has witnessed a marked increase over the last decade. For instructional and simplified applications, the Black-Scholes model is commonly demonstrated due to its tractability and acceptance in the finance...

Building on the work of Noriega (1994), this paper demonstrates how you get an excess demand for money alternative, relating the total value of production and consumption. However, unlike this paper, we use the dynamic programming method to assess consumer behavior and production function are...

Intangible assets are increasingly considered the ultimate roots of company's success. This paper aims to propose a method to estimate the value embedded in Ramp;D activities, which could be used for: (i) a una tantum evaluation of a firm's value, related to specific actions such as mergers,...

This paper presents evidence on the impact of managers on cost efficiency in banking. Stochastic frontier analysis is applied to a unique Finnish data set. The paper finds that manager age and education have strong yet complicated effects. University education enhances efficiency if the manager...

Strategic cost management is deliberate decision-making aimed at aligning the firm's cost structure with its strategy and optimizing the enactment of the strategy. Alignment and optimization must comprehend the full value chain and all stakeholders to ensure long run sustainable profits for the...

In this work we discuss some ideas and opinions related with teaching Metaheuristics in Business Schools. The main purpose of the work is to initiate a discussion and collaboration about this topic,with the final objective to improve the teaching and publicity of the area. The main topics to be...

This study examines the use and effect of repeated contacts on mail survey response rates in management accounting research. The use of repeated contacts such as prenotification or follow-up is one highly recommended means to increase response rates. However, there is very little theory behind...

The paper explores pragmatic possibilities for financial institutions to cope with the hot topic of Operational Risk. It aspires to go beyond a discussion that has mainly focused on finding a viable and reliable method for measurement of operational risk. Rather than keeping with mere...

I explore and review the introduction of real options in strategic management studies. My aim is to contribute to a better understanding of the origin of the real options. By distinguishing between shadow and real options and implementing entrepreneurship in the traditional option valuation...

This paper attempts to develop quantitative benchmarks at the firm and the industry level, so as to evaluate the working capital management performance of Corporate India from time to time. An earlier attempt was made by Anand (2001) based on the methodology designed by the CFO Europe and REL...