Evidence from the Food Supply chain suggests that food retailers often exhibit a reluctance to share information with their suppliers even when this benefits both parties. For example, inventory coordination and reduced costs may be realized by adopting appropriate supply chain management technologies such as cooperative planning, forecasting, and replenishment. This behavior is explained by vi...

We study the factors that induce asset managers to hold both equity and bond positions in the same company (“twin ownership”), as well as the corporate finance implications of such a joint ownmership for the firms they hold. We show that twin ownership is determined by a tradeoff between the benefits of information acquisition and greater monitoring/enforcing that an equity stake confers to a b...

Asset appraisal is an important issue in any country. Interest in the appraisal field is justified by the large number of cases where the estimation of the value of the assets is needed: sales transactions, expropriations, heritage divisions, mortgages, etc. Due to the increasing economic development of the countries and to the increasing complexity of the appraisal problems, it becomes more an...

We study the speculative value of a finitely lived asset when investors disagree and short sales are limited. In this case, investors are willing to pay a speculative value for the resale option they obtain when they acquire the asset. We characterize the equilibrium speculative value as a solution to a fixed point problem for a monotone operator F. A Dynamic Programming Principle applies and i...

The problem in this research is the fluctuation amount of net sales, total assets, and income. That is, also affects company's financial performance. To find out performance, it can be calculated using ratios. method used a qualitative quantitative data through primary secondary sources. collection techniques were observation, documentation interview techniques. Based on Return On Asset, Total ...

Fundamental variables in this research are shown the level of sales growth, asset structure, company size and retained earnings. The purpose study was to determine effect growth rate, firm earnings on financial structure. In addition, is examine how these affect economic rentability. population Food Beverage Industry Sub-sector listed Indonesia Stock Exchange for 2016-2020 period as many 15 com...

The recent crisis was characterized by massive illiquidity. This paper reviews what we know and don't know about illiquidity and all its friends: market freezes, fire sales, contagion, and ultimately insolvencies and bailouts. It first explains why liquidity cannot easily be apprehended through a single statistic, and asks whether liquidity should be regulated given that a capital adequacy requ...

We examine the relation between inventory investment and the cost of capital in the time series and the cross section. We find consistent evidence that risk premiums, rather than real interest rates, are strongly negatively related to future inventory growth at the aggregate, industry, and firm levels. The effect is stronger for firms in industries that produce durables rather than nondurables,...

Why is the cost of resolving insurance company failures so high? Evidence in this article suggests that the state insurance regulatory bodies in charge of the liquidation process turn over an average of only $0.33 for each $1.00 of pre-insolvency assets to the guaranty funds (the state agencies responsible for paying claims). This very low “recovery rate” could result from ex ante regulatory fa...

Corporate reputation represents a core asset of companies and research has shown that better reputation can have positive effects such as increased revenues and sales. On the other hand, companies may suffer reputational damage that can result from internal or external and potentially unforeseen events such as operational losses. In this paper, we present an empirical analysis of how unforeseen...