In many countries firms can choose whether to report a revaluation in the financial statements. Besides contracting costs, signalling can determine the decision to revalue assets. An analytical model is developed which allows us to indicate conditions in which it is more likely that successful...

The necessity to meet climate and environmental targets, while at the same time ensuring economic and social sustainability,requires a transformation that will generate enough benefits to compensate the losers.

After the Bologna agreement and the Lisbon Agenda, reform of European university systems has been higher on the political agenda. This is necessary, since most European universities have been suffering from stifling blankets of government regulation, having to make do with much less funds than...