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Recent studies of the innovation process have viewed it as the outcome of organizational dynamics rather than as the product of technological developments exogenous to the governance of firms. We apply this approach to our examination of British coastal shipping companies during the early...
Persistent link: https://www.econbiz.de/10009223386
During 2010, minimum academic standards for Australian bachelor and master degree programmes in accounting were formulated. These were developed for a new higher education system predicated on expansion, including participation targets and demand-driven funding for public institutions, and a...
Persistent link: https://www.econbiz.de/10009225188
This study examines whether systematic liquidity risk is priced on the London Stock Exchange (LSE). We use the proportional quoted bid-ask spread, Amihud's (2002) market illiquidity ratio, and turnover rate as liquidity proxies. In contrast to the US studies, we do not find evidence that...
Persistent link: https://www.econbiz.de/10009352871
This study examines the impact of FTSE 100 index revisions on the informational efficiency of the underlying stocks. Our study spans the 1986–2009 period. We estimate the speed of price adjustment and price inefficiency from the partial adjustment with noise model of Amihud and Mendelson...
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We propose the use of a variant of the epidemiological SIR model to accurately describe the diffusion of online content over the online social network Digg.com. We examine the qualitative properties of our viral information propagation model, demonstrate the model’s applications to social...
Persistent link: https://www.econbiz.de/10010939887
This article examines the impact of law on corporate governance by means of a case study of joint-stock enterprise in England and Scotland before 1850. Based on a dataset of over 450 company constitutions together with qualitative information on governance practice, it finds little evidence to...
Persistent link: https://www.econbiz.de/10010954005