The survey findings indicate the existence of gap between theory and practice of capital budgeting. Standard appraisal methods have shown a wider project value discrepancy, which is beyond and above the contingency limit. In addition, the research has found the growing trend in the use of value...

Modular concepts and logistics centers are the basic instruments for improving resource utilization in European transport system. Efficacy of the system and integration of transport services are not as advanced as they could be. Europe needs efficient logistics of freight traffic together with...

The main purpose of this study is to investigate how regulation, competition, governance structure, and business diversification strategy affect the cost structure of firms. By using 358 observations comprised of public utility firms and manufacturing firms from 1989 to 2002, we estimate the...

Aufgrund der bestehenden und sich weiter intensivierenden internationalen Konkurrenz in vielen Technologiebereichen und Branchen ist eine erhöhte Innovationsfähigkeit und Innovationstätigkeit als zentraler Erfolgsfaktor für die Unternehmen in Baden-Württemberg anzusehen. Im Rahmen des...

Frequently, aspiring entrants have only limited information about their potential rivals’ entry decisions. As a result, the outcome of the entry game may be that more firms enter than the market can sustain; or, at least, that unnecessary entry investments are made. We refer to these outcomes...

The survey findings indicate the existence of gap between theory and practice of capital budgeting. Standard appraisal methods have shown a wider project value discrepancy, which is beyond and above the contingency limit. In addition, the research has found the growing trend in the use of value...

One of the debates in the capital budgeting model selection is between the free cash flow and DCF methods. In this paper an attempt is made to compare SVA against NPV model based on Monte Carlo simulations. Accordingly, NPV is found less sensitive to value driver variations and has got higher...

A parsimonious theoretical model of second degree price discrimination suggests that the business cycle will affect the degree to which firms are able to price-discriminate between different consumer types. We analyze price dispersion in the airline industry to assess how price discrimination...

Preferences for transport activities are often considered only in terms of time and money. Whilst congestion in automobile traffic increases costs by raising trip durations, the same is less obvious in public transport (PT), especially rail-based. This has lead many economic analyses to conclude...

The last two decades have seen a substantial change in the basic philosophy underlying European transportation policy. Due to the Commission's efforts and due to supporting jurisdiction by the European Court of Justice the dominant approach to transportation policy has become far more market...