Portfolios have gained considerable popularity as both learning and assessment tools in the past decade. A major limitation of portfolios, however, is the resource-intensive nature of the assessment process. Published data report examination times exceeding 90 minutes per candidate. In resource-constrained environments, typical of developing countries, this time requirement is...
Macroeconomic research discusses credit market imperfections as a key channel through which inequality retards growth. Limited borrowing prevents the less affluent individuals from investing the efficient amount, and the inefficiencies are considered to become stronger as inequality rises. This paper, though, argues that higher inequality may actually boost aggregate output...
Research evidence confirms that the accumulation of knowledge contributes to the competitive advantage of firms. In the strategy consulting industry, one of the most knowledge-intensive professional services industries, however, established firms that exploited their knowledge accumulation by adding exploitative consulting practices have found their performance has deteriorated. To investigate this...
The brand choice problem in marketing has recently been addressed with methods from computational intelligence such as neural networks. Another class of methods from computational intelligence, the so-called ensemble methods such as boosting and stacking has never been applied to the brand choice problem. Ensemble methods generate a number of...
Two approaches can be distinguished with respect to modeling entrepreneurship: the approach focusing on the net development of the number of entrepreneurs in an equilibrium framework and the approach focusing on the entries and exits of entrepreneurs. This paper unifies these approaches to arrive at a model explaining the equilibrium...
This report analyzes the incentives for incumbent bricks-and-mortar firms and new entrants to start an online retail channel in a differentiated goods market. To this end we set up a two-stage model where firms first decide whether or not to build the infrastructure necessary to start an online retail channel...
We consider a joint manufacturing / remanufacturing environment with remanufacturing yield loss. Demand and return follow independent stationary Poisson processes. Returns can be disposed off upon arrival to the system. Manufacturing and remanufacturing operations performed in the same facility at exponential rates. Yield information becomes available after remanufacturing. Demands that...
The title of this paper is more ambitious than what its contents justify. The agreement signed in Marrakesh in April 1994 consists of twenty thousand pages that, at a rate of twenty pages per night, could make interesting bed time reading for many of them, for 1001 Arabian nights. Although...
This paper analyzes the effect of corporate real estate ownership on the stock performance of firms active in the international retail sector. A sample of 454 retail companies is separated into three geographical regions and six different sub-sectors, which are found to vary in average levels of real estate ownership....
Despite the long relationship between the EU and the African, Caribbean and Pacific ACP countries aimed at encouraging their exports while stimulating growth and investment, the ACP states still face difficulties in integrating into the world economy. This paper examines the non-least developed ACP countries preferential trade with the EU....
This paper uses an Eclectic Framework explaining entrepreneurship incorporating different streams of literature and spanning different disciplines. The Eclectic Framework integrates factors shaping the demand for entrepreneurship on the one hand, with those influencing the supply of entrepreneurs on the other hand. It also creates insight into the role of...
A wide range of empirical biases hampers hedge fund databases. This paper focuses upon survival-related biases and disentangles look-ahead biases due to self-selection of funds and due to fund termination. Self-selection arises because funds voluntarily report their information to data vendors and may decide to stop doing so. By extending...
Recently, retailers have begun considering which brands they can delist without reducing customer satisfaction, losing category sales, or increasing store switching behavior. Although several studies have considered assortment reductions, none has explicitly investigated the impact of total brand delistings. Therefore, the article studies the impact of brand delistings on assortment...
A chemical plant in The Netherlands uses large annual supplies of a bulk chemical. A number of suppliers deliver their parcels from overseas by short sea vessel to a transshipment point where they are stored using a tank farm. Transportation from the transshipment point to the plant takes place by...
A chemical plant in The Netherlands uses large annual supplies of a bulk chemical. A number of suppliers deliver their parcels from overseas by short sea vessel to a transshipment point where they are stored using a tank farm. Transportation from the transshipment point to the plant takes place by...
Product flows in today's supply chains do not end once they have reached the customer. Many products lead a second and even third or fourth life after having accomplished their original task at their first customer. Consequently, a product may generate revenues multiple times, rather than a single time. Capturing...
The coordination of just-in-time production and transportation in a network of partially independent facilities to guarantee timely delivery to distributed customers is one of the most challenging aspects of supply chain management. This paper focuses on the ready-made concrete delivery: in addition to the mentioned complexity, strict time-constraints forbid both...
Existing studies show a positive relationship between business development and conventional human capital as measured by formal education attainment, previous business experience and prior management experience. This paper explores whether illegal entrepreneurship experience IEE, an unconventional form of human capital, is related to the performance and motivation of existing legal...
The spate of very large insurance claims coupled with the recent creeping stock market decline has eroded the financial wealth of many reinsurance companies. This paper provides probabilistic arguments as to why the reinsurance industry as a whole fared so badly. The total returns on the assets and liabilities, and...
The aim of the research reported in this paper is to assess the relative value of the 2000 version of the ISO 9000 series of quality management system standards in comparison to the 1994 version. 773 organizations which have all been certified to the ISO 9000 standard were surveyed (a...
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