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The businesses behind Dubai Sports City, the branding of David Beckham, and the presence and popularity of fantasy sports leagues on the internet are unmistakable indicators that the sports and the entertainment industries are quickly becoming one and the same. But, you needn't travel far or be...
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We consider a system where the asset values of firms are correlated with the default thresholds. We first evaluate the probability of default of a single firm under the correlated assets assumptions. This extends Merton’s probability of default of a single firm under the independent asset...
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Tubular daylight-guidance systems are linear devices that channel daylight into the core of a building. The development, over the last decade, of materials with high specular reflectance has led to a large number of passive zenithal systems; the most commercially successful type of daylight...
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Purpose: This paper aims to critically explore the forces and critical features relating to the adoption of a new reporting and budgeting system (RBS) in Indonesian local governments. Design/methodology/approach: The study is based on an intensive analysis of document sources and interview...
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