The cost of maintaining application software has been rapidly escalating, and is currently estimated to comprise from 50--80% of corporate information systems department budgets. In this research we develop an estimable production frontier model of software maintenance, using a new methodology...

Purpose – The paper seeks to examine major challenges facing MBA programs and to argue that they will have to reconsider their value proposition. It aims to explore effective curricular and programmatic responses as opportunities for MBA programs to innovate. The paper also aims to call for...

We examine the effects of adverse selection and agency costs on the structure of the consideration offered in an acquisition. Specifically we investigate factors affecting the benefits arising from use of earnouts. We find that when targets have greater private information, consideration is more...

We examine the effects of adverse selection and agency costs on the structure of the consideration offered in an acquisition. Specifically, we investigate factors affecting the benefits arising from use of earnouts. We find that when targets have greater private information, consideration is...

The recent series of corporate scandals have resulted in an unprecedented crisis in accounting. Investors have lost faith in financial statements on the assumption that cooking the books has become a routine practice in corporate America. Restoring the credibility of financial reporting is...