Financial innovation has increased diversification opportunities and lowered investment costs, but has not reduced the relative cost of active (informed) investment strategies relative to passive (less informed) strategies. What are the consequences? I study an economy with linear production...

Knowledge management is evolving from being successful on small companies to the entire society. The era of information technology and the speed the changes take place, imply a profound transformation from tactic to strategic level, where decision-makers can, and must do a whole society review....

The paper analyses the relationship between two major challenges firms are faced to: using the potentials of information technologies (IT) as an enabler of process innovations on the one hand and an ageing workforce that might interfere these potentials on the other hand. Econometric results...

Technological developments and the global economic crisis are two types of developments that have affected the commercial airline industry in the last decade. This paper investigates time series analysis of the airline industry. The research has been conducted and is being presented, in a number...

Organizational research argues that under relational forms of governance a high degree of both information pooling and physical interaction are necessary for inter-organizational knowledge creation. Yet, recent studies of information and communication technologies (ICTs) suggest that both...

The complex supply chain relations of the construction industry, coupled with the substantial amount of information to be shared on a regular basis between the parties involved, make the traditional paper-based data interchange methods inefficient, error prone and expensive. The successful...

This paper presents the information technology used by the IT department of SIF Banat-Crisana for development of a new set of applications based on web-services (WS). Paraphrasing the title of a well-known computer programming book "Algorithms + Data structures = Programs", investing on capital...

Countries around the world are reforming their pension systems. Most are reforming to reduce thefiscal costs of their existing pension systems. A few young countries are establishing new systems or are increasing the generosity of their current systems, although perhaps not always taking into...

All over the world, pension systems have financing difficulties that need to be addressed. There are three ways of dealing with pension systems problems - finance it to a greater extent from general revenues, rationalize the system, or a full-fledged reform. After several years of political and...

This report looks at pension reform recently undertaken in Poland, but draws conclusions with wider applicability. It examines the motivation for reform, the struggle of progressively minded experts and politicians to advance the reform agenda, the architecture of the new system, and issues...