According to the Ahlowalia hypothesis (1995), the growth of total factor productivity (TFP) beside infrastructure investments of government lead to income inequality decrease in rural areas of countries. The main objective of this study is to investigate the effects of public investments such as agricultural R&E, road, education and irrigation on income inequality in rural areas of Iran. In ord...

Investments in information technology (IT) do not always result in the expected tangible payoffs, and the factors which influence the effect of IT investments on organizational performance are not well understood. Stock market reaction is one approach to appraising IT investments. In this paper we propose a conceptual model describing the factors that impact IT investments based on market react...

I offer a theory of joint ownership by extending the standard property right theory of the firm to situations where parties can endogenously choose the degree of specificity of their investments (i.e., both the type of investment—specific and general—and the level of each). When specific and general investments are complements, the standard GHM results are obtained and joint ownership is subopt...

Despite the substantial growth of IT investments, evidence on their impact on firm performance remains inconclusive. An important management question is whether anticipated economic benefits of IT investments are being realized. The intangible benefits obtained from IT are not captured by accrual-based accounting measures alone, and, therefore, call for a comprehensive measure that focuses on s...

OBJECTIVE To investigate the effect of targeted marginal annual investments by local healthcare commissioners on the outcomes they expected to achieve with these investments. DESIGN Controlled before and after study. SETTING 152 commissioning organisations (primary care trusts) in England. METHODS National surveys of commissioning managers in 2009 and 2010 to identify: the largest margina...

We present analytical investigations of a multiplicative stochastic process that models a simple investor dynamics in a random environment. The dynamics of the investor’s budget, x(t), depends on the stochasticity of the return on investment, r(t), for which different model assumptions are discussed. The fat-tail distribution of the budget is investigated and compared with theoretical predictio...

Using firm age as a proxy for the learning process within a firm, we show that the investments of young firms react more aggressively to profit realizations than the investments of mature firms. With time, firms learn about their long-term quality and their investment decisions become less influenced by the random shocks they receive. We also show that the learning process depends on the volati...

INTRODUCTION Electronic data interchange (EDI) technology gives organizations an opportunity to exchange their information and messages electronically, instead of with paper documents, and leads to a new way of doing business known as electronic commerce (EC). The benefits of EDI include less delay in data handling and labour savings in the areas of data transcription, controls, and error inves...

In the past, international real estate investment has consisted of direct equity investment in foreign countries. Such investments have traditionally been considered to provide diversification benefits given that it was assumed that such properties were affected predominately by their respective domestic economies. Of course another benefit of international investment is the ability to seek out...