Our main goal is the generalization of the approach of Jobson and Korkie(1984) for funds performance evaluation. Therefore, we consider the portfolio selection problem of an investor who faces short sales restrictions when choosing among F different investment funds and assume the investor's...

Foreign subsidiaries, as organization units of a multinational company, are profoundly involved in the value creation process for and within the company. The performance evaluation of foreign subsidiaries is a crucial issue for globally-active companies not only in regard to value creation for...

This paper analyzes the post-privatization performance and organizational changes of a Pakistani State Owned Enterprise (SOE). Drawing on the concept of sustainable development, this study examines the performance of the firm from three perspectives - economic, social and environmental. The...

The present paper deals with the opportunities for the modeling of flue gas and air system of a thermal power plant by making the performance evaluation using probabilistic approach. The present system of thermal plant under study consists of four subsystems with three possible states: full...

Purpose: There are many kinds of methods to evaluate the performance of enterprise, but they still have some distinct shortcomings. In order to achieve a better evaluation result, we put forward a new model named FLI-GA (Fuzzy logic inference & Genetic algorithm). Approach: This model, mainly...

Purpose: The requirements for high quality and diversification aquatic products are increasing with the improvement of Chinese living standard. However, the distribution between the place of production and the place of consumption are uneven, which results in large cold-chain logistics demand...

Summary In this paper, we investigate the informational content of citation-based research evaluations. To illustrate our analysis we refer to the 2005 Handelsblatt ranking of German academic economists. We make extensive use of the recently developed Hirsch-index and relate citation incidence...

Despite predictions of Internet shopping reaching 6.9 trillion dollars by the end of 2004, research is now suggesting many online consumers are still very reluctant to complete the online shopping process. A number of authors have attributed consumers' reluctance to purchase online to apparent...

We investigate the use of performance appraisal (PA) in German Firms. First, we derive hypotheses on individual and job based determinants of PA usage. Based on a representative German data set on individual employees, we test these hypotheses and also explore the impact of PA on performance pay...

Many firms use subjective performance appraisal systems due to lack of objective performance measures. In these cases, supervisors usually have to rate the performance of their subordinates. Using such systems, it is a well established fact that many supervisors tend to assess the employees too...