We offer an investment-based explanation of momentum. The neoclassical theory of investment implies that expected stock returns are related to expected investment returns, defined as the next-period marginal benefits of investment divided by the current-period marginal costs of investment. Empirically, winners have higher expected growth of investment-to-capital and higher expected marginal pro...

this paper tries to test the relationship between trade openness and economic growth in former soviet :union: countries after their independence in 1991. it has become an article of faith in most economic and political circles that opening up the economy to international trade will produce substantial benefits in terms of greater consumer choice and higher living standards. higher productivity ...

We offer an investment-based explanation of momentum. The neoclassical theory of investment implies that expected stock returns are related to expected investment returns, defined as the next-period marginal benefits of investment divided by the current-period marginal costs of investment. Empirically, winners have higher expected growth of investment-to-capital and higher expected marginal pro...

T paper investigates empirically antecedents of the adoption of web-based processes (e-processes) by service providers. We examine whether rational efficiency (expressed by expected performance benefits and access to new markets), the bandwagon effect (expressed by external pressure), and barriers (both internal and customer related) influence Internet use for transactions (e-transactions) and/...

This article considers the features of development global electronic business. The current state and dynamics e-business in various countries are analyzed. Information technologies developing rapidly, so Internet is becoming more important both private life E-commerce (electronic commerce) purchase or sale goods through online services via Internet. e-commerce rapid, most largest companies star...

0747-5632/$ see front matter 2011 Elsevier Ltd. A doi:10.1016/j.chb.2011.06.018 ⇑ Corresponding author. Tel.: +358 40 480 9428; fa E-mail addresses: [email protected] (L. (M. Kosonen), [email protected] (H.-K. Ellone Tarkiainen). 1 Fax: +358 5 621 7299. Sense of virtual community (SOVC) reflects the feeling that individual members have of belonging to an online social group. Ye...