Extant research offers two alternative mechanisms for relating the asset specificity of a cooperative relationship to partnership performance. Transaction cost economics argues that the specific assets invested in a partnership increase the hazards of opportunism. As firms select appropriate...

Disaster insurance programs have been recognized as an effective strategy to reduce agricultural production risk. Although a considerable body of literature has focused on natural disaster insurance programs for agricultural producers, not much is known about forest disaster insurance. This...

Traces China’s foreign debt policy from 1978 to the present and compares its short and long term debt structure with Indonesia, Korea, Malaysia, the Phillippines and Thailand (i.e. five countries suffering from the Asian economic crisis). Points out that in the 1980s, when all six had high...

Purpose – The purpose of this paper is to explore new banks ' market niche position choices at the time of founding. Design/methodology/approach – The authors used data on the establishment of new banking organizations in California, over 1979-1988, to test the hypotheses. During that time,...

There is considerable concern whether the decline in stock market returns will eventually exert negative changes in the productivity data. This paper examines the long run, or the equilibrium, relationship between productivity and stock returns for the 1951-2002 period. It introduces the notion...

We test whether a Genetic Algorithm (GA) can find profitable investment strategies based on prior stock returns and earnings surprises. We add to the argument whether momentum investing profits are a statistical illusion. The performance of the optimized momentum portfolios is evaluated before...