Purpose – This study investigates whether there was a housing price bubble in Beijing and Shanghai in 2003. The existence of a bubble can be interpreted from (abnormal) interactions between housing prices and market fundamentals. Design/methodology/approach – With monthly data from the two...

Purpose – The purpose of this paper is to develop a social exchange perspective of planned short‐term dyadic strategic alliances. Design/methodology/approach – The article adopts a conceptual approach drawing on social exchange theory to elicit innovative conclusions about short‐term...

Purpose – The extant literature on initial public offerings (IPOs) generally assumes that a high degree of pre‐IPO leverage serves as a positive signal of firm quality as it forces a firm's managers to adhere to tough budget constraints. The purpose of this paper is to question the validity...

Purpose – The purpose of this article is to evaluate current techniques in capital budget decision making in Canada, including real options, and to integrate the results with similar previous studies. Design/methodology/approach – A mail survey was conducted, which included 88 large firms in...

Purpose – This paper aims to focus on helping managers understand a factor that stimulates investment in R&D, namely, the R&D tax credit. Design/methodology/approach – The paper uses a sample of firms in Taiwan; the study period is 1999‐2004. Four variables are used to categorize firms in...