The author studies the connection between the form of the similarity function of a decision-maker and his willingness to diversify.

Seit Begründung der modernen Portfoliotheorie ist bekannt, daß die Portfoliovolatilität im Fall niedriger Korrelationen zwischen den Anlageklassen bei sonst gleich bleibenden Parametern ohne Renditeeinbuße reduziert wird...

Recent literature identifies linkages with large firms as some of the enablers of small and medium enterprise (SME) development and competitiveness. This study explores the types of linkages that SMEs located in Metro Manila have forged with large firms, including how these linkages started,...

The exponential increase in data today derives from the big amount of interactions among consumers that spreads in social media, using mobile devices, IT, localization, historical data in purchase, data owned by companies, behavioral insights and so on through connected online devices and mobile...

Aim/purpose - This study aims to examine the impact of the COVID-19 pandemic on peer-to-peer accommodation (P2PA), investigate the potential factors related to organizational resilience based on resilience resources and consumer threat response frameworks, and revisit the tourism disaster...

The paper explores the relationship between firm’s strategy and its structure through the case study of the Italian public utility ENI. Within the liberalization process nowadays occurring in the Italian gas market, the paper analyzes ENI’s performance in the period 2000-06 and focuses on...

In many industrialized countries, the debate surrounding privatization is undergoing significant changes. If during the 80’s and 90’s attention was placed on the sale of public enterprises to private operators, recent studies and practices have increasingly focused on cooperation and...

Purpose of this Paper: This "masterclass" article explains how modern value investing analysis can guide corporate strategists and corporate development departments. It shows how executives can use some of the key insights from the recently published book by Martin J. Whitman and Fernando Diz,...

This study examines the determinants of corporate social responsibility (CSR) and its implications on firms' investment policy, organizational strategy and performance. First, we find that firms with better performance, higher R&D intensity, better financial health, and firms in new economy...

We investigate how family ownership influences the industry-diversifying nature of M&As by listed companies in Continental Europe and the corresponding shareholder value effects at deal announcement. For a large sample of 3,485 M&As during 2005–2013, we observe that acquirers having a family...