This paper is a case study of ABC, a firm that designs and makes pre-fabricated concrete elements for large public construction projects. ABC pursued corporate knowledge integration because it was formed by acquiring several firms (now BU’s organized geographically) with heterogeneous ways-of-doing, leading to a wide range of performance results across them. For that purpose, ABC designed a set...

We consider an equilibrium model à la Kyle-Back for a defaultable claim issued by a given firm. In such a market the insider observes continuously in time the value of firm, which is unobservable by the market makers. Using the construction of a dynamic Bessel bridge of dimension 3 in [5], we provide the equilibrium price and the optimal insider’s strategy. As in [3], the information released b...

This paper investigates the short-term costs and benefits of apprenticeship training in Germany. It calls into question the popular stylised fact that apprenticeship training always leads to net costs during the apprenticeship period. We analyse the impact of the proportion of different occupational groups of apprentices on firm performance. We use representative matched employer–employee panel...

We model a multistage finite life investment problem subject to several sources of cost and price uncertainty, as typical of start up firms, complex industrial and construction initiatives and research and development projects for software, drugs and technology ventures. Additionally, the firm also has an option to expand the original project to take advantage of derivative investment opportuni...

The main objective of this study is to test the relationship between numbers of variables representing the firm characteristics (market-related variables) and the extent of voluntary disclosure levels (forward-looking disclosure) in the annual reports of Egyptian firms listed on the Egyptian Stock Exchange. The results show that audit firm size is significantly positively correlated (in all the...

Innovation management literature typically concerns functionally organized firms. In this paper we investigate innovation management in a different type of firm, the project-based firm. Project-based firms, such as engineering and construction companies, consultancies and system integrators, are service firms that solely execute projects for clients. We focus on new service development projects...

This paper investigates the relationship of capital structure and corporate performance of firm before and during crisis (2007). This study focuses on construction companies which are listed in Main Board of Bursa Malaysia from 2005 to 2008. All the 49 construction companies are divided into big, medium and small sizes, based on the paid-up capital. The result shows that there is relationship b...

This paper investigates the damage impact of 1959 Ise Bay Typhoon on firm survival and survivor performance in Nagoya City, Japan. We combine firm-level data with a local proxy storm surge-induced flooding. find that firms retail wholesale were less those manufacturing more likely to survive after being There was some evidence spillover effects from nearby regions exit. Surviving heterogeneous ...

Transport investments can induce positive productivity benefits via agglomeration economies by increasing the scale and efficiency of spatial economic interactions. In assessing the ‘agglomeration benefits’ of transport investments we need to understand the spatial scale over which these externalities are distributed. This report is concerned with the effect of urban agglomeration on productivi...