The primary financial objective of a firm is the maximisation of its shareholders’value. A problem faced by the shareholders of a firm is that it is difficult to determinethe effect of management decisions on the future share returns of the firm.Furthermore, it may be necessary to implement...

This paper focuses on the CSR measures as major tool to manage a corporate social performance through the study of eight French companies. Based on behavioural control theoretical framework, this paper also analyzed the different uses of these CSR measures. This analysis allows us to report a...

While significant progress has been made, analytic research on principal-agent problems that seek closed-form solutions faces limitations due to tractability issues that arise because of the mathematical complexity of the problem. The principal must maximize expected utility subject to the...

In der Dissertation wird ein Spezifikationsrahmen dargestellt, mit dem sich die Au?ensicht von (Software-) Komponenten in einer normierten und vollst?ndigen Weise beschreiben l?sst. Dazu werden verschiedene methodische Vorgaben geschaffen, mit denen sich die f?r die betriebliche...

In all European national defense-sector industries, organizational efficiency forms a vital component of the operations that improves competitiveness in the market. The Portuguese government subsidizes companies that are active in this sector in its mission for the companies to achieve improved...

Purpose – Country alpha swaps are proposed to facilitate emerging market risk-sharing, even during global financial crises. Country alphas measure risk-adjusted performance by subtracting the product of average world index returns and the country's beta, measuring its contribution to global...

Purpose – This paper aims to extend an earlier analysis of the profitability of an individual firm operating in the professional services industry from the perspective of the triple-entry framework of the momentum accounting theory of Yuji Ijiri. Design/methodology/approach – The paper...

Recent asset pricing studies demonstrate the relevance of incorporating the coskewness in Asset Pricing Models, and illustrate how this component helps to explain the time variation of ex-ante market risk premiums. This paper analyzes the role of coskewness in mutual funds performance...

This paper proposes an innovative procedure of finding efficient facility location-allocation (FLA) schemes, integrating data envelopment analysis (DEA) and a multi-objective programming (MOP) model methodology. FLA decisions provide a basic foundation for designing efficient supply chain...