This paper investigates how ownership changes affect the plant performance, focusing on the cotton spinning industry in early twentieth century Japan, where many plants experienced ownership changes. Through analyses of detailed plant-level data, it is revealed that, after ownership changes, plants tended to focus on low grade and low price products and, at the same time, total factor productiv...

Based on data for the period from 1948 to 1997, exogenous decreases in demand and increases in costs are estimated to have reduced the annual profitability of the Chicago Transit Authority (CTA) by $1 billion. Half of this decline was recouped by reductions in service, increased fares and increased productivity. Even more would have been recouped had the CTA not given away earlier productivity ...

Nowadays, prediction of corporate bankruptcy is one of the most important issues which have received great attentions among academia and practitioners. Although several studies have been accomplished in the field of bankruptcy prediction, less attention has been devoted for proposing a systematic approach based on fuzzy neural networks.  The present study proposes fuzzy neural networks to predi...

Nowadays the extent of productivity of Decision Making Units (DMUs) in future has a significant importance. One of the different types of calculating profitability of units is Malmq uist productivity index. All approaches presented so far calculate this index in present or past time using deterministic data. In this paper, a new approach based on DEA is presented for estimating Malmquist index ...

Tournaments: There Is More Than Meets the Eye By the well established tournament literature, incomplete information regarding the employees’ productivity is essential for the rationalization of (efficiency-enhancing) tournaments. In this paper we propose an alternative rationalization of tournaments focusing on a fully informed principal whose objective is to maximize a weighted average of the ...

* This paper is the result of work being undertaken as part of a collaborative research program entitled ‘The Performance of Australian Enterprises: Innovation, Productivity and Profitability’. The project is generously supported by the Australian Research Council and the following collaborative partners: Australian Tax Office, Commonwealth Office of Small Business, IBIS Business Information Pt...

* This paper is the result of work being undertaken as part of a collaborative research program entitled ‘The Performance of Australian Enterprises: Innovation, Productivity and Profitability’. The project is generously supported by the Australian Research Council and the following collaborative partners: Australia Tax Office, Commonwealth Office of Small Business, IBIS Business Information Pty...