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Ebook Managerial Option Value, Cyclicality and Credit Risk

Managerial flexibility in strategic decisions embedded a real option because ... cash flows are closely linked to changes in the industrial economy. This study uses the growth rate of a firm’s sales, industrial ... or not this is affected by cycles. Download PDF Ebook Managerial Option Value, Cyclicality and Credit Risk ...

Story - puput - 12/20/2010 - 03:33 - 0 comments - 0 attachments

Ebook Market Competition and Managerial Incentives with Heterogeneous Firms

... we are going to introduce a manager to run the firm in the economy. By hiring a manager, the firm obtains chance to improve productivity but also suffers moral hazard problem because the managerial effort is unobserved. We concentrate on a typical moral hazard ...

Story - wulan - 04/22/2010 - 06:28 - 0 comments - 0 attachments

Ebook Information Capital, Firm Dynamics and Macroeconomic Performance

... financial distress even after the cost of capital for the economy returns to normal levels. The most important feature of the ... between entrepreneurs and banks about the en trepreneur's managerial talent. These talents determine the firms chances of failing versus ...

Story - puput - 12/19/2011 - 03:01 - 0 comments - 0 attachments

Ebook Hedge funds, managerial skill, and macroeconomic variables

... while others do not, suggests that conditioning on the economy may be important when evaluating hedge fund performance . In ... long-only strategies that incorporate predictability in managerial skills outperform their Fama and French (1993) and momentum ...

Story - puput - 10/29/2010 - 03:39 - 0 comments - 0 attachments

Ebook Business Groups’ Outward FDI: A Managerial Resources Perspective

... perspective following a recent trend in emerging economy research (Filatotchev et al., 2003; Meyer et al., 2009a; Malik and ... et al., 2009b). Penrose directs attention in particular to managerial resources that can be shared across old and new activities, and thus ...

Story - wulan - 04/28/2010 - 07:06 - 6 comments - 0 attachments

Ebook The Impact of Business Environment on Management Accounting Practices: Libyan Evidence

... such as growth of privatisation, deregulation of economy, liberalisation of market and increased competition, generally result ... of management accounting practices, related to different managerial functions including: costing, planning and control, short-term ...

Story - puput - 11/29/2011 - 09:00 - 0 comments - 0 attachments

Ebook Product Market Competition, Managerial Incentives, and Firm Valuation

What are the effects of product market competition on managerial incentives? Do managers work harder when the firm’s environment is ... among firms, entry and exit rules, and the openness of the economy, requires close consideration. Competition has the potential to ...

Story - wulan - 04/22/2010 - 06:04 - 0 comments - 0 attachments

Ebook Managerial Gender Earnings Gap in China

... such beliefs have been diminishing during the planned economy (1949-1978) when the Chinese central government implemented a system of ... (Bertrand and Hallock, 2001). Download PDF Ebook Managerial Gender Earnings Gap in China (Business & Economics) ...

Story - wulan - 03/31/2010 - 07:29 - 0 comments - 0 attachments

Ebook Volatility Accounting: A Production Perspective on Increased Economic Stability

A new stylized fact for the U.S. economy is the substantial decline in the volatility of output growth over the ... of potential explanations: structural change, improved managerial practices (particularly inventory management) good luck in the form ... sources of growth and its volatility. Download PDF Ebook Volatility Accounting: A Production Perspective on Increased Economic ...

Story - puput - 09/29/2011 - 03:53 - 0 comments - 0 attachments

PDF Ebook An Empirical Investigation into the Political Economy of the Firm in a Globalizing World Economy

... decisions corporations make in a globalizing world economy; these are for: (1) their “traditional” home(s) for managerial and day-to-day business operations, (2) their legal home(s), and (3) ...

Story - antoq - 04/08/2011 - 08:58 - 0 comments - 0 attachments


Ebook Quality Of Work Life And Career Change Among Online Technical Advisors

Submitted by wulan on Sat, 10/17/2009 - 06:07

Online technical call centres are organisations that are involved in managed maintenance and fleet management. The particular technical call centre, elevant to the present study, combines the aspects of the mechanical workshop services with those of a call centre and creates a unique environment for providing fleet services and managed maintenance for vehicles that belong to organisations and the government.

Due to advanced technology and the demanding needs of the customers, organisations have turned to the use of call centres to assist them to provide a good service at a reduced cost. The type of service that they provide is quick and efficient and tries to aim at customer satisfaction in “real-time” (Cooper, 1999). Much research has been conducted on call centres and the nature of the call centre environment (Adorno, 1999). The studies have investigated physical and emotional exhaustion, performance management systems and the impact of it on the individual, turnover of staff and stress in the call centre.

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Ebook Earnings Volatility and the Cross-Section of Returns

Submitted by puput on Fri, 09/16/2011 - 02:30

Conventional wisdom suggests that earnings volatility is undesirable and, in particular, leads to a higher cost of capital. For example, Graham, Harvey, and Rajgopal (2007) provide survey evidence that corporate executives prefer smooth earnings, in part because they believe that higher earnings volatility increases the cost of capital. Consistent with this, many scholars and commentators have expressed concern that the growing use of fair value accounting increases earnings volatility and therefore the cost of capital.

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The Cost of Being Late: The Case of Credit Card Penalty Fees

Submitted by antoq on Sat, 07/11/2009 - 07:45

The US credit card market is one of the largest debt markets in the world. In 2003 total bank credit card debt in the US amounted to $400 billion (source: FDIC Statistics on Depository Institutions). In comparison, the total size of the US corporate bond market in 2003 was $2500 Billion (source: Bank for International Settlements). However, when examining how debt markets function and price risk, the existing literature has focused predominantly on corporate debt. Much less attention has been paid to consumer debt in general and credit card debt in particular, despite the size of the credit card market.

This is the first paper to examine the determinants of credit card penalty fees. The most important such fees are late fees and overlimit fees. The rising level of these fees and their impact has been prominent in recent public policy debates in the US. For example, as part of his 2004 Presidential campaign, John Kerry called for credit card penalty fees to be regulated. Furthermore in March 2005 the US senate rejected a Democratic amendment to the Bankruptcy Bill (S 256) which, if passed, would have placed constraints on credit card providers’ ability to charge penalty fees.

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