This paper tests two hypotheses derived from the Datar et al. (1991) theoretical model of auditor choice by companies newly listing on the stock exchange. The results offer support to their predictions of the demand for auditor quality. In particular, higher-risk companies are associated with...

The aviation industry has a reputation for being a major polluter. Using primary data obtained directly from BAA this paper examines the ways in which BAA (formerly the British Airports Authority) has improved efficiency in the management of airport waste. The paper also considers why, despite...

In recent years, several cities have constructed new sports facilities in concentrated areas or supplemented existing facilities to create a themed sport zone. Some have branded these areas as “sports cities” to give them visibility and coherence. This research assesses the rationale for...

Economic theory advocates marginal cost pricing for efficient utilisation of transport infrastructure. A growing body of literature has emerged on the issue of marginal infrastructure wear and tear costs, but the majority of the work is focused on costs for infrastructure maintenance. Railway...

Economic theory advocates marginal cost pricing for efficient utilisation of transport infrastructure. A growing body of literature has emerged on the issue of rail marginal infrastructure wear and tear costs, but the majority of the work is focused on costs for infrastructure maintenance....

This paper documents how computer technology modified retail financial markets in Hong Kong in the period from the 1960s to the early 2000s. The forty years after the deployment of Hong KongÕs first computer in 1965, saw a dramatic change in retail banking technology as Hong Kong moved towards...