We develop tests for seasonal unit roots for daily data by extending the methodology of Hylleberg et al. ('Seasonal Integration and Cointegration', Journal of Econometrics, Vol. 44 (1990), No. 1–2, pp. 215–238) and apply our tests to UK and US daily stock market indices. We also investigate...

Using both traditional Mean Variance Efficient Frontier (MVEF) analysis and the Johansen (1988) procedure for the analysis of cointegrated systems we assess he gains available to a sterling based investor from diversifying an equity portfolio between four southern European stock markets –...

The first part of this paper considers the cognition of individuals ans groups of individuals in the context of organisational project risk analysis and management, and attempts to characterise a set of models of cognition which may be of value as conceptual tools for risk analysts and managers....

This paper describes some preliminary findings of an ethnographic inquiry into a steel mill pruchased by its employees through a stock option scheme in the early 1980's to avoid closure by its parent company.

This paper presents the findings of a grounded theory study of the development of strategic ideas in a multinational organization. By drawing on the rich data generated from this longitudinal in-depth fields study, this paper provides a theoretical framework for the development of strategic ideas.

In this paper we analyse the efficiency of the Spanish Police Service using Data Envelopment Analysis (DEA). The analysis concentrates on the police activities related to the solving of crimes. The theoretical and empirical study of the policy production function under this dimension leads us to...

This paper examines the likely impact of Capital Adequacy Directive (CAD) on European Securities markets, focusing in particular on the competitive consequences for institutions engaged in the trading of equity securities.