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Technology is a bundle of inventions, which are increasingly protected by intellectual property rights. Typically, these rights are owned by multiple different entities, operating in different industries and countries. Moreover, once an invention protected by intellectual property right is...
Persistent link: https://www.econbiz.de/10012718208
the trend toward collaboration as a mode of organizing economic activity, the field of accounting has generally been … unresponsive to these changes. We posit that new management accounting practices are fulfilling old demands for performance … operations management and management accounting literatures. We also conduct a thorough search of the practitioner literature to …
Persistent link: https://www.econbiz.de/10014029758
Contract duration as component of contract design has both a transaction cost savings function by mitigating exchange hazards and a strategic value creation function by leveraging knowledge-based resources. Previous studies have not explained the value creation function of contract duration in...
Persistent link: https://www.econbiz.de/10012920272
Vertical integration is often proposed as a way to resolve hold-up problems, ignoring the empirical fact that division managers tend to maximize divisional (not firmwide) profit when investing. This paper develops a model with asymmetric information at the bargaining stage and investment returns...
Persistent link: https://www.econbiz.de/10012757172
Vertical integration is often proposed as a way to resolve hold-up problems in connection with specific investments. However, decision-makers are generally compensated based on divisional (not firm-wide) profit. Hence, hold-up problems are bound to resurface in integrated firms. This paper...
Persistent link: https://www.econbiz.de/10012714817
We examine whether option prices correct for predictable bias in stock prices associated with accounting anomalies …
Persistent link: https://www.econbiz.de/10011807960
Persistent link: https://www.econbiz.de/10003970701
Persistent link: https://www.econbiz.de/10009732190
We survey recent research in accounting anomalies and fundamental analysis. We use forecasting of future earnings and … accounting information. We combine this with opinions from the academic and practitioner communities to critically evaluate key … clusters of papers about accounting anomalies and fundamental analysis disseminated over the last decade. Finally, we provide a …
Persistent link: https://www.econbiz.de/10013130106
A substantial fraction of international trade is facilitated by wholesalers, who enable manufacturers to indirectly export their products to foreign markets. Using large-scale Japanese interfirm transaction network data, this paper add empirical findings on the difference in the features between...
Persistent link: https://www.econbiz.de/10012987081