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Purpose – The purpose of this paper is to characterize how those who perform (internal auditors), mandate (audit committee (AC) members), use (AC members and external auditors) and normalize (the Institute of Internal Auditors (IIA)) internal audit work, respectively make sense of the notion...
Persistent link: https://www.econbiz.de/10014642631
Purpose – As the importance of health care is growing worldwide and it has undergone a significant change, this paper aims to report a case study in a hospital complex that implemented an excellence model framework. Design/methodology/approach – Reported in this paper is a case research...
Persistent link: https://www.econbiz.de/10015033163
Purpose – The aim of this paper is to describe, analyze and explain the level of compliance of accounting practices with legislation and generally accepted accounting principles (GAAP) within the Swedish water and sewerage sector. Design/methodology/approach – The empirical data are based on...
Persistent link: https://www.econbiz.de/10014840737
Purpose – The purpose of this paper is to develop a model of innovative industries which face coopetition: firms compete while committing at the same time to R&D joint ventures and other cooperative agreements. These joint activities are likely to occur in presence of complementarities on...
Persistent link: https://www.econbiz.de/10014906693
Abstract This study conducts a comparative analysis of selected emissions trading systems (ETS) by examining them in terms of cost efficiency and jurisdictional authority overlap. Findings show that, the selected allowances markets generally exhibit cost inefficiency as manifested by price...
Persistent link: https://www.econbiz.de/10014585262
Abstract Firms commonly form syndicates to bid jointly for financial assets. Recently, this practice has come under legal scrutiny motivated by models which suggest syndicates are anti-competitive. These models do not account for two important features of financial markets: bidders' value...
Persistent link: https://www.econbiz.de/10014586857
Abstract This paper describes the bid signaling that occurred in many of the FCC spectrum auctions. Bidders in these … auctions bid on numerous spectrum licenses simultaneously, with bidding remaining open on all licenses until no bidder is …
Persistent link: https://www.econbiz.de/10014587481
We study auctions where bidders have independent private values but attach a disutility to the surplus of rivals, and … derive symmetric equilibria for first-price, second-price, English, and Dutch auctions. We find that equilibrium bidding is … more aggressive than standard predictions. Indeed, in second-price auctions it is optimal to bid above one's valuation …
Persistent link: https://www.econbiz.de/10014587484
innovation is obtained, auctions licenses to a pool of producers. Each producer has a private valuation for the license and …
Persistent link: https://www.econbiz.de/10014587578
auctions---as the result of other bidders trying to avoid stimulating the victim into learning more about his value. The idea …
Persistent link: https://www.econbiz.de/10014589001