The main purpose of this study is to empirically compare of intellectual capital (IC) and its efficiency between advanced and low technology manufacturing companies using a sample of 135 Malaysian listed manufacturing companies during the 2006-2012 period. The manufacturing companies are classified into different sectors based on their products and services (Standard Industrial Classification (...

Models of capital investment in industrial organization typically treat bankruptcy as an involuntary and final outcome, yet firms that file under Chapter 11 of the U.S. Bankruptcy Code typically do so voluntarily and with the expectation that they will eventually emerge. Moreover, Chapter 11 permits cancellation or renegotiation of longterm contracts for labor and capital, effectively providing...

40] A.J. Wilkie. Model completeness results for expansions of the ordered eld of real numbers by restricted Pfaaan functions and the exponential function. for discussions and comments, anonymous referees for suggesting numerous improvements, and Mihalis Yannakakis for his suggestions that helped improve the presentation.

sustained is by omitting any reference to the sensation novels thronged with palpably nervous middle-class bodies which gave rise during the 1860s to a fury of indignation. "The reader's nerves are affected like the hero's", Margaret Oliphant stridently complained in a review of the most famous of them all, Wilkie Collins's The woman in white (1860). Such omissions make Nerves and narratives, a...

e are pleased to have an cognizing the Silver Anni romarketing (JMM) and to amental role within schol ments here are based on an ast nine years, in which we nature and extent of mar ed a great deal while doin lesson involves the appr romarketing perspective fo g scholarship. s macromarketers well know by all sectors of marketing a we explore eight distinct issu n in Table 1, these eight po utur...

Current explanations why a growing economy necessarily goes through booms and recessions predict countercyclical R&D investment. As this is very controversial from an empirical perspective, a stochastic Poisson model of endogenous business cycles and growth is presented where the determinants of the cyclical behaviour of R&D investment are analytically studied. Providing an explicit expression ...

Test-driven development is one of the central techniques of Extreme Programming. However, the impact of test-driven development on the business value of a project has not been studied so far. We present an economic model for the return on investment when using test-driven development instead of the conventional development process. Two factors contribute to the return on investment of test-driv...

We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of resources and of shadow prices that would decentralize such allocations. We show in particular that the term structure of interest rates is de...

This paper derives a preemptive equilibrium in strategic investment in alternative projects. The problem is formulated in a real options model with a multidimensional state variable that represents project-specific uncertainty. The proposed method enables us to evaluate the value of potential alternatives. The results not only extend previous studies with a one-dimensional state variable but al...

We describe PFLOTRAN, a recently developed code for modeling multi-phase, multicomponent subsurface flow and reactive transport using massively parallel computers. PFLOTRAN is built on top of PETSc, the Portable, Extensible Toolkit for Scientific Computation. Leveraging PETSc has allowed us to develop—with a relatively modest investment in development effort—a code that exhibits excellent perfo...