There are two problems when a principal invests capital and hires an agent to do the work. The problems relate to inducing the agent to exert the optimal effort and to effect an optimal risk sharing arrangement. This paper introduces the concepts and enumerates the fundamental solutions to this...

To better understand performance recovery and its mechanism, after the deterioration of an anaerobic ammonia oxidation (anammox) process, experiments were conducted in an up-flow anaerobic sludge bed (UASB) reactor. A two-stage anammox reaction was conducted in the reactor, and long-term...

This study investigates the relationship between capital structure and the private benefits of control of listed Chinese firms. A sample of firms listed on the Chinese stock markets is used to estimate the private benefits of control. The private benefits of control are approximately 18% (on...

This study investigates the relationship between capital structure and the private benefits of control of listed Chinese firms. A sample of firms listed on the Chinese stock markets is used to estimate the private benefits of control. The private benefits of control are approximately 18% (on...

As agile methodologies are being adopted by increasing number of organizations, there is a greater needto understand its value. This study attempts to explain the value of Agile Methodologies by introducing anew economic analytical model and using simulation techniques. The results show that...