Predictive regressions are linear specications linking a noisy variable such as stock returns to past values of a more persistent regressor such as valuation ratios, interest rates etc with the aim of assessing the presence or absence of predictability. Key complications that arise when...

This paper presents results from a modified dictator experiment aimed at distinguishing and quantifying the two intrinsic motivations for giving: warm glow and pure altruism. In particular, we implemented a within-subject experimental design with three treatments: (i) one, where the recipient is...

Economics was slow to emerge as a distinct academic and professional discipline in the United Kingdom. In the years around 1900, some British universities began to offer degrees in commerce, including accounting. These degrees were influenced by the contemporary emergence of business economics...

A geometrical interpretation of multiple regression is proposed. The method is explained within the context of the tourism industry by developing a model for the management of hotels. The paper first explains the technique in non-mathematical terms and is completed with the mathematical proof of...

Much of the literature on Executive Information Systems (EIS) development provides lists of factors critical to the successful EIS development. This paper argues that a better understanding of the relationship between key sucess factors and the EIS development is required if sucess factors are...

The purpose of this paper is to value a firm with sequential growth options in two types of uncertainty, 'uncertain cash flow' and 'uncertain investment yield'. The paper shows that such a firm can be valued by the real options approach, given the firm's cash process, investment yiel process and...