This paper extends the current class of managerial decision rules appropriate for selecting a multiproduct firm's profit maximising product mix in the presence of a limiting factor of production by developing an approach based upon real options. The analysis makes several contributions. The...

We propose and test two hypotheses on how multinational (MNC) parents can use different financial contracting arrangements when financing their subsidiaries in order to constrain the rent-seeking behavior of subsidiary management. Furthermore, we also examine how the MNC parent can effectively...

This paper examines the price impact of trading intensity on an emerging futures market. Utilizing a novel volume-augmented duration model of price discovery, the intensity effect is decomposed into liquidity and information components for the MexDer 28-day interest rate futures contract. We...

This paper investigates the relationship between options listing and the time varying volatility of the underlying stock returns, simultaneously accounting for several inherent sources of measurement bias which arise in examining the impact of an exchange's option listing decision. To account...

This study examines Greece's experience as a member of the Eurozone over the period 2002 to 2011. We do not find evidence of incremental benefits for Greece from joining the Eurozone in terms of higher growth in Gross Domestic Product, improved balance of payments, higher levels of public and...