Why do some countries join the EU earlier than others, why do others wait? In order to answer this question we apply the theory of investment under uncertainty (Dixit and Pindyck, 1994) to the decision on EU-membership. We develop a simplified model of two periods to study how the value of...

This paper provides empirical evidence on the relationship between cross-border acquisitions and innovation activities of the acquirer. For the empirical analysis a unique firm-level data set is constructed that combines survey data for German firms with a merger and acquisition database. After...

Mit diesem Artikel wird der Diskurs fortgesetzt, den Avenir Suisse mit seinem Diskussionspapier Multis: Zerrbild und Wirklichkeit. Der vielfältige Beitrag globaler Unternehmen zum Schweizer Wohlstand" 2013 angestossen hat. Er behandelt ausgewählte wirtschafts- und gesellschaftspolitische...

Data is becoming increasingly important both for companies and for national economies. Since the full potential of business data can only be realised when several users exploit it simultaneously, data sharing is also becoming more common. However, such sharing is rendered more difficult by...

Difficult conditions of functioning and the severity of forecasting possible changes in the conduct of business stimulate a search for new ways to improve economic security management for engineering enterprises. The purpose of our article is to develop a methodological framework for the...

The methodological approach to the application of anti-crisis management in the system of ensuring financial security of the enterprise, unlike the existing ones, summarizes and systematizes the theoretical and methodological features of determining the main stages of anti-crisis management,...

Indicated key external and internal threats have a profound effect on the process of ensuring the financial security of the enterprise. Therefore, the important step is the application the mechanism of counteraction to the influence of external and internal threats. The mechanism for countering...

To date, the tourism business is developing rapidly and the mountainous territories are not inferior in competition to other tourist territories. For the development of the tourism business, it is necessary to conduct effective management of socio-economic development. The main purpose of the...

This study sets out to review in detail the available information on SMEs crisis management. Despite SMEs' crucial role in the economy, relatively little research has been carried out on the effects of the economic crisis on SMEs and how they can cope with a crisis. This work will generate fresh...

Previous studies focused on the comparison of the optimal output levels of regret- averse firms under uncertainty and firms under certainty. This paper extends the theory by further investigating the effects of regret-aversion on production. We compare the optimal output levels of regret-averse...