For several years researchers & practitioners have been concerned about the impact of investments in Information & Communication Technologies (ICT) on productivity. The research framework of neoclassical growth accounting is widely used in this area of research on IT & Productivity. While several studies have explored the relationship between investments in ICT and metrics such as GDP, the link...

We propose and test a conceptual model allowing for investigating the microeco nomic impact of investments in telecoms. While the impact of investments in telecoms on the macroeconomic outcomes has been previously investigated, there seems to be no published research that looked at the microeconomic impact of telecom investments. The proposed conceptual model links investments in telecoms with ...

The
computer
industry
today
is
no
longer
driven,
as
it
was
in
the
40s,
50s
and
60s,
by
High‐performance
 computing
requirements.

Rather,
HPC
systems,
especially
Leadership
class
systems,
sit
on
top
of
a
 pyramid
investment
mode.

Figure
1
shows
a
representative
pyramid
investment
model
for
systems
 hardware.

At
the
base
of
the
pyramid
is
the
huge
investment
(order
10s
of
Billions
of
US
Dollar...

In two-sided markets an intermediary brings together two distinct customer populations, such as buyers and sellers on an e-commerce platform. In these markets the growth process of customer populations depends on network effects both within and between buyers and sellers. Thus, assigning IT investments to customer populations and quantifying the monetary value of these investments is complex. W...

Agency Theory as the dominant view of Corporate Governance disregards that the key task of firm governance is to generate, accumulate, transfer, and protect firm specific knowledge. Three different foundations to the theory of the firm which underpin different concepts of corporate governance are discussed: The traditional view of the firm as a nexus of contracts, the view of the firm as a nexu...

this paper tries to express the investment behavior of irans economic sectors during 1959-2001 by means of proposing an econometric model. the results of the model are offered in two options: present status continuation and desirable status. the first option reveals that the continuation of the present trends in iran will lead to the economic growth of 3.9 percent and total investment growth of...

Substitution Effects in Parental Investments The paper estimates how parents adjust bride-prices and land divisions to compensate their sons for differences in their schooling investments in rural China. The main estimate implies that when a son receives one yuan less in schooling investment than his brother, he will obtain 0.7 yuan more in observable marital and post-marital transfers as parti...

Study into commodity investment has historically been an underfocused area of the financial literature. In particular, there is a need for benchmarks to evaluate commodity investment managers to measure skill. This paper seeks to extend and replicate results on the four-factor model and benchmark proposed by Blocher et al. to more recent data and to more commodities. Our findings indicate that ...

Over the last three decades there has been a dramatic increase in the size of the financial sector and in the compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex financial instruments. Parallel to this trend, the organizational structure of the financial sector has changed with the traditional partnership replaced by publi...

Energy costs are notoriously uncertain but what is the effect of this on energysaving investments? We find that real-option frictions imply a novel equilibrium response to increasing but uncertain energy costs: early investments are cautious but ultimately real-option frictions endogenously vanish, and the activity affected by higher energy costs fully recovers. We use electricity market data f...