This paper investigates the optimal bidding strategy for the initial bidder in takeover contests. In the theoretical model, the initial bidder has the choice between making a low or a high preemtive initial bid.(...)

The seminal study by Fama and MacBeth (1973) initiated a stream of papers testing for the cross-sectional relation between return and risk. The debate wether beta is a valid measure of risk has been renimated by Fama and French (1992) and subsequent studies.(...)

In this paper cluster analysis is used to construct homogeneous groups from 157 UK local markets using commercial property returns.

This study examines the impact of ERP solutions on the paradigms of business and management. The objective is also to see the positioning of ERP today and its role in relation to new solutions and technology, notably Supply Chain Management (SCM), Customer Relationship Management (CRM) and...

In this paper, we look at the ways in which the 38 largest French and German companies have taken up elements of the MD discourse and integrated them into their annual reports and corporate web sites.

The aim of this paper is to compare various real estate valuation models and the manner in which they take into account environmental variables.

An interpretative analysis of in-depth consumer interviews explores the relationship between the concepts of "luxury" and "prestige" as applied to brands.

With the conclusion of the Uruguay Round and the establishment of the World trade Organisation (WTO) in April 1994, a comprehensive set of rules emerged that affect in a pervasive manner the activities of firms on foreign markets.(...)

In order to maximize a piecewise affine concave function one can basically use the simplex method or an interior point method. As an alternative, we propose the face simplex method. The vertex to vertex scheme of the simplex method is replaced by a more general face to face scheme in the face...