ISSN:0143-6570    

DOI:10.1002/mde.4090040402

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

ISSN:0143-6570    

DOI:10.1002/mde.4090040403

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractIt is shown that the UK Monopolies and Mergers Commission has typically neither produced, nor correctly processed, the information necessary for making rational decisions. The case for an explicit quantitative approach using the expected value criterion is outlined.

ISSN:0143-6570    

DOI:10.1002/mde.4090040404

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractThis article explores pricing flexibility among a sample of 728 manufacturing firms surveyed during a period of severe business adversity. It addresses attention to the nature and prevalence of alternative pricing techniques, the temporal frequency of mark‐up adjustments, the application of marginalist principles in pricing and price discount practices. Three general conclusions emerge. Pricing flexibility is widespread and probably more so than hitherto. The degree of flexibility is not influenced significantly by the extent of commitment to cost‐plus pricing techniques. Pricing flexibility varies substantially and systematically with firm size but not with numbers of ‘serious’ comp

ISSN:0143-6570    

DOI:10.1002/mde.4090040405

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractSubjectivist methodology has attracted an increasing number of adherents as a result of the recent reemergence of the Austrian school. The new Austrian school has challenged the methodological approach of neoclassical economics in many areas. This essay seeks to extend that challenge into the area of labor economics. Modern labor economics, viewed from a subjectivist perspective, is argued to merit a mixed review. However, it is also argued that neoclassical labor economists (as compared with neoclassicists in other specialized areas) seem quite amenable to incorporation of subjective elements into their analysis.

ISSN:0143-6570    

DOI:10.1002/mde.4090040406

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractThis paper explores the association between the growth of sales and the size of the world's largest industrial firms for the period 1967–77. The tests follow the methodology introduced by Rowthorn and Hymer (1971) who, for an earlier period, had remarked that although there was slight evidence amongst smaller firms of a negative relationship between growth and size, at no time, and in no area, were there signs of a positive relationship. Our results are, in general, similar to those of Rowthorn and Hymer. The main difference being the large numbers of firms (mostly American) exhibiting a positive relationship between size and growth for 1972

ISSN:0143-6570    

DOI:10.1002/mde.4090040407

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractThis study suggests that the behavior of demand of cash by business firms can better be understood by empirical testing theory on data derived from individual units rather than making unrealistic assumptions to justify testing of aggregated data. Using data for firms in the food industry, this study shows that the rate of interest is a significant variable in explaining the demand for cash. Furthermore, the statistical results indicate that the economies of scale in the management of cash depends upon the type of goods produced by the corporations under study. Accordingly, one cannot make any generalization regarding the question of the economies of scale in the management of cash.

ISSN:0143-6570    

DOI:10.1002/mde.4090040408

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractAlthough the utility of corporate published forecasted financial reports to investors has been investigated, the findings are inconclusive. These inconclusive findings may have resulted from the ambiguity of defining the forecasted financial reports or its components. The clarification of the definition of forecasted financial reports or its components is the main objective of the present study. In addition, an investor's utility function is used to measure the utility of such reports for investors regarding the entire forecasted financial reports or their components.

ISSN:0143-6570    

DOI:10.1002/mde.4090040409

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractThis paper seeks to ascertain if stock market pricing procedures are operationally efficient in setting prices so as to discriminate against poor‐quality management. Signalling theory suggests management's leverage decision as the means by which managerial quality can be identified. Departures from average leverage, given firm characteristics, are interpreted as indicating managerial quality. Ordinary least‐squares regression analysis is used to identify these departures, and to test if shareholders' yields are responsive to them. The results are not always statistically significant, but do provide some support for the signalling hypothesis and for the efficiency of UK security pric

ISSN:0143-6570    

DOI:10.1002/mde.4090040410

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY

摘要:

AbstractThis note comments on a recent article in this journal by Hollander. The principal points made are two. First, if Hollander's regressions are interpreted as representing the determinants of non‐wage share of value‐added, no evidence is provided by these regressions that monopsony power transfers income from factors in one industry to factors in another. Second, the interpretation of the regressions as representing the determinants of non‐wage share of value‐added is itself challenged. In so doing the role of capital intensity variables in these types of studies is cl

ISSN:0143-6570    

DOI:10.1002/mde.4090040411

出版商:John Wiley&Sons, Ltd.    

年代:1983

数据来源: WILEY