The pharmaceutical industry is one of the largest and most profitable industries in the world, and in the United States, the industry has a particularly privileged economic position. Yet the cost of drugs in the United States is higher than anywhere else, due largely to the fact that the industry is focusing increasingly on marketing rather than on the development of meaningful new medications:...

PETITE Study Report: Topical Corticosteroids Are Safe and Effective in the Long-term Treatment of Infantile Atopic Dermatitis It is well known that the presentation format of trial results, or the “frame,” strongly influences understanding, perceptions, and decisions and that the use of spin and selective reporting is a common strategy to achieve favorable conclusions. Most authors of the drug ...

This paper examines the hypothesis that the introduction of Western quality standards has brought some development of employee involvement in Ukrainian manufacturing and service companies and analyses the consequences for managements’ use of the institutions of employee representation. The subject is pursued through eight case studies, four in a test and four in a control group. Quality develop...

Many host country governments assume that inward Foreign Direct Investment (FDI) can bestow large benefits to the economy, bringing not only new investment that boosts national income but also an inflow of new foreign knowledge and technology. The purpose of this chapter is to review the evidence of the importance of these productivity spillovers from inward FDI. It finds that the international...

SUMMARY Globalization has been an established term academically for two decades; research within this field has expanded from globalization of markets to globalization of culture, trade, finance, of almost anything, in accordance with the increasing pace of globalization in today's ever-more interconnected world. Previous global strategy research has focused on companies based in developed econ...

The aim of this paper is to evaluate the financial performance of telecommunications companies with the help self-organising maps. A total of 88 companies is evaluated and benchmarked on the basis of seven key ratios, calculated for five consecutive years 1995-99. To conduct benchmarking with several financial key figures in a changing business environment is difficult and time consuming for to...

This paper examines introducing Economic Value Added as a performance measure for small manufacturing companies. Advantages and disadvantages of using Economic Value Added as a primary measure of performance as compared to sales, revenues, earnings, operating profit, profit after tax, and profit margin are investigated. The Economic Value Added calculation using data from a small company’s inco...

not the nice, neat managerial offices but the factory, design studio, or sales department-and take a good look. In one corner, a group of people are huddled in dehate over a vexing lo problem. In another, someone is negotiating with a customer halfway around the world on the Internet. Everywhere you look, people and products are moving, crisscrossing this way and that. You get a snapshot of the...

In this article we expand and improve the Internet company valuation model of Schwartz and Moon (2000) in numerous ways. By using techniques from real options theory and modern capital budgeting, the earlier paper demonstrated that uncertainty about key variables plays a major role in the valuation of high growth Internet companies. Presently, we make the model more realistic by providing for s...

While prominent differences in corporate governance exist across the Asia Pacific region, there are common concerns about controlling shareholders expropriating wealth from minority shareholders at the expense of overall wealth creation, as well as about the roles and qualifications of managers in Asian companies. The contributors to this Special Issue of the Asia Pacific Journal of Management ...