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Zusammenfassung Die Bedeutung von Transaktionskosten für die wirtschaftliche Entwicklung war in den letzten Jahrzehnten … Kontroverse um die Frage ins Auge, ob der beobachtete Anstieg des Anteils der Transaktionskosten an der Wertschöpfung in …
Persistent link: https://www.econbiz.de/10014608779
Purpose – Turvey (2007, Physica A) introduced a scaled variance ratio procedure for testing the random walk hypothesis (RWH) for financial time series by estimating Hurst coefficients for a fractional Brownian motion model of asset prices. The purpose of this paper is to extend his work by...
Persistent link: https://www.econbiz.de/10014667320
Purpose – This paper seeks to characterize the behavior of the naira/dollar foreign exchange rate series over the period 1999 through 2006 to determine if the process generating the series has long memory which is a special case of fractional Brownian motion. The existence of long memory...
Persistent link: https://www.econbiz.de/10015040298
Abstract Many governments, political economists and terrorist experts consider the use of military and police forces as the ultimate way to effectively deter terrorism. The most effective negative sanctions are considered to be military strikes, aggressive actions (including crackdowns, search...
Persistent link: https://www.econbiz.de/10014585150
This article investigates the most appropriate accounting treatment for expensing the fair value of employee share options (ESOs) in financial statements. The debate centres around whether the grant date or the exercise date is the most appropriate date for determining the value at which the...
Persistent link: https://www.econbiz.de/10014930418
Purpose – The purpose of this paper is to explore direct and indirect effects of pre-venture managerial experience (PVME) on new venture innovation. Using opportunity-costs framework, the following questions are explored: does the entrepreneur's PVME directly affect the extent of innovation in...
Persistent link: https://www.econbiz.de/10014935276
Purpose – The main objective of this paper is to analyze the relationship between employees' propensity to innovate and cultivate entrepreneurial aspirations whilst working within an organization. This paper aims to contribute to a better understanding of this interrelation, reflecting from a...
Persistent link: https://www.econbiz.de/10014935888
Should governments in developing countries promote private ownership and deregulated prices in noncompetitive sectors? Or should they run publicly owned firms and regulate prices at the expense of rents to insiders? A theoretical model is used to answer these normative questions. The analysis...
Persistent link: https://www.econbiz.de/10015360580
We consider a multi-asset discrete-time model of a financial market with proportional transaction costs as described by Schachermayer [7]. In this model, the set of all self-financing trading strategies contains for example trading strategies which consist of buying an asset and selling it at...
Persistent link: https://www.econbiz.de/10014621337
Purpose – Within the new public management (NPM) context, this paper aims to examine the inclusion of equity issues in pricing policy development and implementation in the water industry in Australia. Design/methodology/approach – A review of literature relevant to the pricing of water shows...
Persistent link: https://www.econbiz.de/10014641994