A survey of 1,329 of the largest corporations m the United States reveals that the average annual cost of compliance with federal and subfederal corporation income taxes is approximately $1.565 million, implying an aggregate annual compliance cost of over $2 billion. As a fraction of revenue...

This study adopted a contextual framework to examine whether an interaction between group culture and economic power influences self-interest in a simulated commons dilemma. Full-time managers enrolled in executive MBA programs in Germany, Hong Kong, Israel, and the United States (U.S.) made...

This chapter examines the linkages between the positive organizational scholarship (POS) and the sustainability research domains, examining ways in which each domain can enrich the other, their mutual research agendas, and practical contributions. POS can help sustainability make a shift from...

This article addresses the question whether companies from emerging economies create shareholder value through foreign acquisitions. The popular business press usually views these foreign acquisitions very positively. The stock markets have often reacted negatively to the acquisitions. The...

One influential criticism of the stock market oriented U.S. financial system is that its excessive focus on short term quarterly earnings forces public firms to behave in a myopic manner. We hypothesize that if capital markets pressure listed firms to be myopic in a way that impacts efficiency,...

In this paper, we consider a multiple-stage tandem production/inventory system producing a single product. Processing time at each stage is assumed to have a general stationary processing time distribution. The cost of holding work-in-process (WIP) inventory is different at each stage....

We consider a make-to-stock production/inventory system consisting of a single deteriorating machine which produces a single item. We formulate the integrated decisions of maintenance and production using a Markov Decision Process. The optimal dynamic policy is shown to have a rather complex...

This dissertation considers how housing wealth impacts household behavior. Theessays pay close attention to the borrowing collateral role of housing wealth, andaddress how changing house prices affect household spending. Chapter II of thedissertation investigates the relationship between house...

A "sales tax holiday" is a period of time, usually lasting a few days, during which state and sometimes local sales taxes are not levied on a set of goods, typically clothing, footwear, and school supplies. Prior to enacting, eliminating, or altering a tax holiday, policy-makers should...

There has been recent interest in the implications of expectations about changesin future fundamentals for the business cycle. This dissertation is broadly concernedwith the identifcation and study of so-called "news shocks" about future productivity.The effects of news shocks shed light on...