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ADEPT: An Agent-Based Approach To Business Process Management
Successful companies organise and run their business activities in an efficient manner. Core activities are completed on time and within specified resource constraints. However to stay competitive in today's markets, companies need to continually improve their efficiency - business activities need to be completed more quickly, to higher quality and...
'Intellectual Property Right' Or 'Intellectual Monopoly Privilege': Which One Should Patent Analysts Focus On?
This paper challenges the existing mainstream law and economic literature arguing that patents do not, generally, confer monopolies, but that they should be understood and analysed as competitive properties. Such views do not provide vital reservations for the tightening, and increased enforcement, of the patent system that we are currently...
Valuing Defined-Benefit Plans
This paper examines the issues surrounding the valuation of defined-benefit pension plans including benefit formulas, integration with Social Security, post-retirement benefit increases and default risk. It obtains a reasonable valuation with three key estimates - the level of retirement benefits, the growth rate of post-retirement benefits and the discount rate....
Institutional Investors, Corporate Governance and the Performance of the Corporate Sector
Proportions of equity held by institutional investors are rising across all OECD countries. Paradigms of corporate governance involving a key role for institutions are market control via equity the takeover sanction, market control via debt LBOs and direct control via equity corporate governance activism. This article present result for the...
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