Both researchers and practitioners claim that foreign investors acquire U.S. firms to gain access to reputable brands. There is, however, no empirical evidence to support this argument. This study uses 269 Japanese investments made in the US to test the hypothesis that Japanese investors'...

In this paper, we develop a nonlinear programming (NLP) model to jointly determine the optimum financial incentives and price discount levels for each rate class. The model aims at maximizing net revenues. It includes nonlinear relationships representing the impact of incentives on productivity...

Audit firms are faced with the complex job of scheduling auditors to audit tasks. The scheduling becomes more complex as the firm needs to consider real life issues in determining an optimal schedule. Among these issues are the setup times and cost emanating from changing the assignments of the...

Audit scheduling with overlapping activities and sequence dependent setup cost has not been treated in literature. This paper presents a formulation and a solution approach for this audit scheduling problem. In this paper, we treat the activity duration as a decision variable and include...

This paper proposes that corporations use callable, convertible bonds to lower the issuance costs of sequential financing. Sequential financing helps control over-investment incentives, that can arise if financing is provided prior to an investment option's maturity, but incurs additional issue...