Customer involvement in product and service development (CIPS) is recognized as important for firms; yet the role of Information Technology (IT) in facilitating CIPS is understudied. We examine two enterprise technologies which improve knowledge available to decision makers: Business Intelligence (BI) and Customer Relationship Management (CRM). While CRM provides transactional information and k...

This paper examines the impact of global financial crisis on firm exit and corporate deleveraging in Slovenia during 2008‒2014 using firm-level data. Firms are classified according to whether they increased their leverage, decreased leverage or ceased operation specified time interval, likelihood being these three states estimated. Deleveraging is analyzed separately for total debt, business-to...

Technology transfer is a common method for companies to acquire new technology and presents both challenges and substantial benefits. In some cases especially in developing countries, the mere possession of technology does not guarantee a competitive advantage if the appropriate infrastructure is not in place. In this paper, we identify the localization factors needed to provide a better unders...

This study seeks out the relationship between characteristics of companies and dividend policy, as well role family involvement a moderator such relationships. utilized purposive sampling method. We conducted analysis by multiple linear regression moderated analysis. The number samples in this is 192 observations non-financial listed on LQ45 index. Result shows that profitability, size, investm...

Using credit default swap data, we propose a novel empirical framework to identify the structure of credit risk networks across international major financial institutions around the recent global credit crisis. The findings shed light on the credit risk transmission process and helps identify key financial institutions. Specifically, we identify three groups of players including prime senders, ...

Excessive leverage is one of the most important problems facing Italian agricultural cooperatives as the competition in the EU intensifies. An empirical study of 500 agricultural cooperatives supports the hypothesis that cooperatives characterized as having “powerful managers” have a capital structure that is significantly different from the “nonpowerful manager” cooperatives. Powerful manager ...

An efficient Bayesian estimation using a Markov chain Monte Carlo method is proposed in the case of a multivariate stochastic volatility model as a natural extension of the univariate stochastic volatility model with leverage and heavy-tailed errors. Note that we further incorporate cross-leverage effects among stock returns. Our method is based on a multi-move sampler that samples a block of l...

For a segmented regression system with an unknown change-point over two domains of a predictor, a new empirical likelihood ratio statistic is proposed to test the null hypothesis of no change. Under the null hypothesis of no change, the proposed test statistic is empirically shown asymptotically Gumbel distributed with robust location and scale parameters against various parameter settings and ...

In asset management, the portfolio leverage affects performance, and can be subject to constraints operational limitations. Due possible aversion of investors, comparison between performances incomplete or misleading. We propose a procedure unleverage mean-variance efficient portfolios satisfy requirement. obtain class unleveraged that are homogeneous in terms leverage, so therefore properly co...

This paper explores the leverage determinants across firms’ sizesbased on the two main theories behind the capital structure, the trade-offand the pecking order theories. A panel data is sued to find therelationship between capital structure and the variables that proxy forbenefits and costs of debt during 1990 to 2006. Our findings show thatboth principles help to explain the capital structure...