This paper attempts to provide a substantive introduction to behavioral economics for a general audience, and for introductory and intermediate level students of economics and business administration. 1. Introduction; 2. The Background; 3. Bounded Rationality; 4. Prospect Theory and other major...

The present paper develops a basic framework for evaluating and optimizing profits in a business operation. In developing a business we are often faced with an infinity of choices ranging from what products or services to sell and what customers to target to how to structure and manage the...

We study the optimal hiring and firing decisions of a firm under two different firing costs regulations: 1) Dual labor markets characterized by high firing costs for workers with seniority above a threshold ("permanent workers") and by low costs for "temporary workers". 2) The Single Labor...

This study uses a new date set to assess whether capital structure theory is portable across countries with different institutional framework. We analyze capital structure choices of firms in 10 developing countries, and provide evidence that these decisions are affected by the same variables as...

The study proves the direct connection between the processes of internationalization of R&D activity and the organizational conceptions for their carrying out. Revealed are the scales and outlined are the main tendencies of the processes of internationalization of this specific firm activity....

The tendencies to internationalization and globalization of the business are based on the growing interrelation of the business units. These multidimensional processes have many faces. One of them is establishing of the new forms of corporate cooperation, based on the modern communication...

As it is commonly known, a great amount of the capital is concentrated into the banks and the bank system at a whole. That supposes a demand on both an adequate bank activities risk management on one hand and complete bank regulations estimating and controlling the risk in case of ensuring...