The Black-Scholes-Merton formula has been put to widespread use by options traders because it provides a means of calculating the theoretically 'correct' price of stock options. Traders can therefore see whether the market price of stock options undervalues or overvalues them compared with their...

The globalisation hypothesis has altered many of the common-sense ?truths? around which the social world is organised.* In particular, globalisation is thought to restrict the parameters of the politically and economically possible. Indeed, the notion of constrained choice is so pronounced that...

The existing academic literature on financialization points to multiple instances in which firms attempt to demonstrate the vitality of their stock-market position in ways which ultimately prove to be self-harming. I demonstrate, in the first instance as a matt er of immanent logic, that these...

Today’s business world relies on strategies that have gone beyond the geographical boundaries of one country to become International and in many cases “global”. This has only been made possible by a logistics industry that has not only learnt to manage with lower levels of inventory,...

Purpose The method of understanding and managing the diversity within a business is at the heart of the reasoning behind the concept of ‘supply chain segmentation’. The overarching principle is to find economical segments within the diverse product and customer mix and to match...

Purpose Pharmaceutical distributors and wholesalers have played a key part in the pharmaceutical products supply chains in the United Kingdom and the USA for many years (HDMA, 2009). Their role is changing as control of the “space” between manufacturers and retailers has become contested...