The paper provides a framework for addressing the question of when transactions should be carried out within the firm and when through the market. Following Grossman and Hart (1986), we identify a firm with the assets which its owners control: ownership confers the right to decide how the assets are to be used in events unspecified in an initial contract. We study how changes in ownership affec...

Effects of Positive Jumps Assets on Endogenous Bankruptcy and Optimal Capital Structure: Continuous- Periodic-Observation Models

this paper studies the technical efficiency of 12 branches of saman bank over the period 1387-88, relating it to the composition of staff by sex, the ratio of fixed assets to total assets, the age of the branches and the geographic ranking in development indicators of the city where the branch is located in. data envelopment analysis is used to determine the efficiency of branches. the average ...

Increasing integration services can improve opportunistic development by presenting monolith applications as opportunities for mashups. O pportunities are available resources that yield desired results. Their suitability depends on who seizes the opportunity and the context for its use. Opportunistic development relies on the availability of reusable software components to produce hybrid applic...

We perform an experimental study of complexity to assess its effect on trading behavior, price volatility, liquidity, and trade efficiency. Subjects were asked to deduce the value of a particular asset from information they were given about the composition and price of several portfolios. Following that, subjects traded with each other anonymously in a well-defined, simple bargaining process. P...

In this examination of the management of organisational knowledge assets, a distinction is made between Information Management and Knowledge Management, presented as the management of the organisational environment within which intellectual assets are fostered and encouraged. This supportive environment calls for computer systems that connect employees and facilitate the retrieval and transfer ...