The rapidly shifting global market, has warranted organizations to determine new opportunities or re-engineer processes as means to obtain an edge over competitors. Literature suggests the demand for increased quality is a crucial aspect for organizations to survive in quickly expanding global...

Focusing on proving or disproving Transaction Cost Economics has led to a relative neglect of some key drivers of vertical scope, such as differences in productive capabilities (as opposed to capabilities of governance). We consider how productive capability differences can shape vertical scope...

We propose a stylized model of a problem-solving organization whose internal communication structure is given by a fixed network. Problems arrive randomly anywhere in this network and must find their way to their respective "specialized solvers" by relying on local information alone. The...

The aim of the paper is to demonstrate that for a given procurement price there is a certain equality accepting mutual benefits for both farm producers and agrifood processors. This allows transactions to be made at the procurement price level which is allowable and mutually acceptable due to...

This publication is theoretical in nature. It attempts to determine a hypothetical relation between the supply of agricultural production determined by the given demand for it on the one hand and the demand for factors involved in the production on the other. It is included in one model of...

This paper analyzes the effect of time aggregation on estimates of the elasticities of output with respect to employment and to average hours of work. The main goal is to get accurate estimates of production function parameters. Low frequency data generate better estimates of output- employment...

Production in industrial companies is exposed to more and more frequent cycles of change, while at the same time, the market demand in terms of flexibility, high logistical performance and low costs are constantly increasing. Production systems must thus be designed to be capable of change. In...

Japanese corporate governance reform is implemented by an introduction of corporate governance code and stewardship code, in which stewardship activities by institutional investors play an important role in terms of reduction of agency cost. In this report, stewardship activities are focused...

In order to create a value-oriented model of the innovation system of an industrial region, the article compiles a linear functional of the value of an innovation-industrial cluster for a region. Decomposition for this purpose of two-phase multiples of book value and revenue into fundamental...

In recent years, companies have begun to pursue “green business” by taking actions that enhance both the firm’s environmental performance and its competitiveness. This Article describes the green business phenomenon and offers a new theory as to how environmental law and policy can promote...