This paper proposes a discrete dynamic programming model to maintain pension contribution in a stable level. By assuming an intertemporal stable contribution rate, we derive an algorithm to calculate the optimal contribution that requires less exogenous information and produces more stable...

Purpose – The purpose of this paper is to propose joint stock company with variable capital (JSCVC), as financial sharing funds and banks necessitate that their capital and number of shareholders be instantaneously variable. Legal personality and accounts clearing of this type of corporations...

Purpose – The purpose of this paper is to provide a better understanding of the performance implications for UK DC pension fund investors who choose to combine global listed and UK unlisted real estate in a blended allocation relative to a pure unlisted solution. Design/methodology/approach...

Purpose The purpose of this paper is to find out whether the election of star analysts leads to the conflict of interests between analysts\institutional investors and individual investors. And then, further investigate how the election results to influence the individual investors’ decision...

Abstract This article provides an overview of the changing balance of state and third sector relations in the UK over the last decade or so. It briefly sets this in the broader context of the changing nature of these relations over a longer historical perspective, and it develops the notion of...

Purpose – This paper offers a preliminary exploration of the corporate social responsibility (CSR) issues being addressed and reported by some of the UK's leading construction companies. Design/methodology/approach – The paper begins with a short discussion of the characteristics and origins...

Purpose – The purpose of this paper is to compare corporate real estate (CRE) strategies of companies in a mature market, the UK, with companies in an emerging market, Malaysia, and examine whether CRE strategy impacts on financial performance. Design/methodology/approach – The methodology...

Purpose – The purpose of this paper is to look at the problem caused by the operation of break clauses contained in commercial leases – a predominantly UK phenomenon, a consequence of longer lease terms. Design/methodology/approach – The pitfalls that can befall a corporate occupier are...

Purpose – The purpose of this paper is to explore the link between rationale, practice and outcomes in municipal property asset management and through this to gain an improved understanding of the emerging discipline of public sector asset management. Design/methodology/approach – An...