Firms view inventory/sales ratios as main decision variables. These ratios are also important in forecasting business activity. Understanding these ratios seems particularly relevant since many U.S. firms are beginning to implement the “just-in-time” production and inventory system that some...

Management and protection of proprietary intangible assets, such as technology and management skills, are important for firms considering international expansion via joint ventures. Joint venture partners have incentives to appropriate intangible property. Also, many governments have instituted...