This study examines the pre-announcement performance of Canadian takeover targets and measures the relation between performance and the turnover rate of target firm top managers (Chief Executive Officers or Presidents) following the announcements. We find negative correlation between pre-announcement performance and the turnover rate. We find that the pre-announcement performance of targets tha...

The main purpose of this study is to develop a Fuzzy inference system to predict bank profitability in Iran and help investors in their investment decisions. For this purpose, the main effective variables on bank profitability, including facilities, deposits, manpower costs, and assets were recognized. In the next step, the data of 13 banks were collected from 2001 to 2011. The membership funct...

Purpose – This paper aims to assess the usefulness of cost-to-serve for customer profitability management through literature review and a case study in a food-industry company. Design/methodology/approach – The research is based on a case study. The study presents the state-of-the-art of the literature review related to cost-to-serve measurement and customer profitability analysis and a case st...

We study how firms differ from their competitors using new dynamic measures of product differentiation based on novel text-based analysis of 50,673 product descriptions from firm 10-K statements filed yearly with the Securities Exchange Commission. This year-by-year set of product differentiation measures allows us to generate a set of dynamic industries and new measures of industry structure a...

In the past decade, the Chinese airline industry experienced extraordinary growth in size and profitability. However, no quantitative study has investigated the performance of Chinese airlines in terms of productivity and cost competitiveness. This study investigates the leading Chinese airlines’ productivity, yield, cost competitiveness and input prices, and benchmarks them against major airli...

This study investigates the firm level determinants of profitability of Indian drug and pharmaceutical industry. The study uses inflation adjusted panel data for a period 2000-2013 and applies OLS regression model with Driscoll-Kraay standard errors. It has been found that export intensity, A&M intensity, firm’s market power and stronger patent regime dummy have exercised positive influence on ...

This paper investigates into the determinants of capital structure for the small and medium sized enterprises (SMEs) in British manufacturing industry and the effects of product category on the determinants of capital structure. 220 SMEs from British manufacturing industry are selected for testing the six hypothesized relationships regarding the determinants of capital structure. Results sugges...

There are relatively few industrial applications of process systems to the specialty batch process industry (as compared to bulk continuous or even bulk batch process industry). However, inherent flexibility of these processes can be exploited to increase productivity and product quality. This study is based on a real industrial example of fed-batch polymerisation of ethylene oxide with a base ...