ince 2000, the funding adequacy of defined-benefit (DB) pension plans in Canada and in other industrial economies has deteriorated, largely reflecting financial market developments that have adversely affected both pension fund assets and liabilities. Unfunded pension obligations can affect the financial position of the sponsoring corporation or government entity, representing a potential drain...

The present paper examines the impact of mergers and acquisitions on the financial efficiency of the selected financial institutions in India. The analysis consists of two stages. Firstly, by using the ratio analysis approach, we calculate the change in the position of the companies during the period 2000-2008. Secondly, we examine changes in the efficiency of the companies during the pre and p...

The appropriate role of medical professionals in a hospital’s top management team is a controversial issue. Clearly, the medical director plays an important part in balancing medical and financial performance. It is perceived wisdom among medics that the medical director’s position should be strong and on an equal footing with the commercial director. Clinicians believe that relegating their re...

In this paper we present an alternative perspective of a financial services cybermediary. Drawing on the institutional entrepreneurship literature and identity theory, we develop a theoretical model for cybermediaries that aim to become core players in the emerging on-line financial services field. In this model an alternating emphasis on either an insider perspective and interorganizational li...

A review of the supplier choice literature revealed that the locations and financial positions of the companies are among the most important elements in the supplier selection decisions (Stadtler, 2005). Therefore, distance between buyer and potential suppliers was selected as one input variable. Number of employees is the other input variable that is used as a proxy for the financial position ...

Consumers assess their well-being subjectively, largely by comparing the present state of their lives to the state of comparable others and to their own state earlier in time. The authors suggest that consumers similarly assess their financial wellbeing, and when these evaluations highlight a deficit in their financial position, they pursue strategies that mitigate the associated sense of finan...