Although research has made significant strides in last few years in evaluating the performance impacts from Information Technology IT, a dearth of easily-accessible objective measures, particularly at the process level, continues to limit IT research. Suggestions that researchers use perceptual measures instead are met with claims that the biased nature...
Intellectual tension between the fields of finance and accounting may help to explain explosion of public company frauds. Finance theory diminishes the relevance of accounting information. Enron exploited this consequence while the SEC bought into it. After widespread frauds were exposed, Congress passed laws that address symptoms of finance's futurism,...
Starting from a variant of the New Keynesian model for a small open economy, this paper extends the standard credit channel framework to show that the presence of imperfect competition in the banking system propagates external shocks and amplifies the business cycle. This novel modeling of the banking system captures...
The U.S. Social Security system has been one of the most successful public policy programs in our nation's history. This paper critically examines ten leading myths that have gained currency in the debate about reforming the U.S. Social Security system, including myths that have been propagated by both proponents and...
Social Security traditionally has operated on a pay-as-you-go basis - that is, current taxes pay for current benefits. This paper explains the effectiveness of building up assets in the Social Security trust funds. It first describes the economic rationale for such a buildup. It then looks at the debate about...
This paper examines empirically how legal origin, creditor rights, property rights, legal formalism, and financial development affect the design of price and non-price terms of bank loans in almost 60 countries. The results support the law and finance view that private contracts reflect differences in legal protection of creditors and...
If the corporate scandals of the early 2000s accomplished nothing else, they focused attention on the integrity and ethics of companies and their leaders, or, more accurately, on the apparent lack thereof. In this context, the paper points out that preparing future leaders and managers who can lead with personal...
Some Social Security reforms would provide guarantees that individuals would not receive less under a reformed system than would be provided by current law. However, the "Current law" benefits formula increases benefits when wages rise. Any reform successfully adding to economic growth, therefore, would affect those promised levels of benefits,...
Pension reform can potentially increase saving and improve incentives for labor force participation later in life. We investigate whether these effects are likely to occur and the potential size of the effects on private and total saving and on employment past age 55. Our survey of existing evidence and new...
Despite the importance to researchers, managers, and policy makers of how Information Technology IT contributes to organizational performance, there is uncertainty and debate about what we know and don't know. A review of the literature reveals that studies examining the association between information technology and organizational performance are divergent in...
The authors have developed a stochastic, general equilibrium, two-country model of trade and macroeconomic dynamics. Productivity differs across individual, monopolistically competitive firms in each country. Firms face some initial uncertainty concerning their future productivity when making an irreversible investment to enter the domestic market. In addition to the sunk entry...
In this paper, we have shown using data from a nationwide survey of small and medium sized businesses across multiple industries that IT value is directly related to the use of certain management practices. For executives who feel that greater IT spending is the key to greater IT value, this...
Customers' participation in service co-production processes has been increasing with the rapid development of self-service technologies and business models that rely on self-service as the main service delivery channel. However, little is known about how the level of participation of customers in service delivery processes influences the competition among service...
A project involves planning, executing, controlling, and testing of several tasks towards accomplishment of certain pre-defined objectives. In other words, a project can be seen as a collection of several work processes. Assigning different teams towards fructification of these tasks increases the efficiency of overall project implementation. Development of the...
This presentation discusses the role of financial engineering in credit risk management. The principal course goal is to school in activities in which FSF jobs are expanding. It states that derivatives-based information can improve credit-risk management in three ways: Measurement, Monitoring, and Management. It points out some ethics: the rules...
Decision analysis is the process of determining optimal strategies from amongst a large number of decision alternatives. It is the process, which facilitates decision making in an uncertain future scenario. This process entails determination of the payoff associated with each decision alternative and each state of future. The paper examines...
It is well known that vertical integration can change an upstream producer’s incentive to supply the integrated firm’s downstream rivals. However, it has not been noticed that vertical integration also changes these rivals’ incentives to choose suppliers. This paper develops an equilibrium theory of vertical merger that incorporates strategic behaviors...
Undergoing hip or joint replacement surgery may well be worth the trouble for older adults with severe osteoarthritis, researchers say. In a new study, symptoms improved markedly more in patients who had undergone this type of surgery a year previously, relative to patients who had not had the procedure. The...
MISSOULA, Mont. -- Former Southern Utah men's basketball coach Bill Evans has been named an assistant men's basketball coach at the University of Montana, coach Wayne Tinkle said Thursday. Evans was head coach at Southern Utah for 15 years, through the 2006-07 season. "I...
New Budgeting Module, Enhanced Purchasing Module, and Integration with Microsoft Dynamics GP Will Support a More Collaborative Environment BOSTON -- Jenzabar, Inc., a leading provider of software, services and strategies for higher education, announced today the company's new strategic direction for the Jenzabar EX suite of business office...
