In this research, we employ artificial neural networks in conjunction with selected economic and financial variables to forecast recessions in Canada, France, Germany, Italy, Japan, UK, and USA. We model the relationship between selected economic and financial (indicator) variables and...

This paper investigates the bargaining between owners and managers over their managerial delegation contracts, in order to explain the disclosure obligation that is central to many modern corporate governance codes. We consider the managerial incentive contracts based on the profit and sales of...

We again examine how the managers' bargaining power affects social welfare and the firms'' profits in both quantity and price competition, in particular, in the case where each firm''s production technology is represented by a quadratic cost function. We show that under both the competition...