Share the Wealth

Does prior record matter in the wealth effect of open-market share repurchase announcements

Article history: Received 18 March 2009 Received in revised form 26 June 2009 Accepted 25 August 2009 Available online 4 November 2009 This study investigates whether prior experience of share repurchases matters in the market reactions to the subsequent repurchase announcements. Specifically, we study the prior record on actual buybacks and post-announcement stock performance. We find that upo...

Security Patch Management: Share the Burden or Share the Damage?

P management is a crucial component of information security management. An important problem within this context from a vendor’s perspective is to determine how to release patches to fix vulnerabilities in its software. From a firm’s perspective, the issue is how to update vulnerable systems with available patches. In this paper, we develop a game-theoretic model to study the strategic interact...

The Wealth of India

The Wealth of Nations

We construct an endogenous growth model that includes a cultural variable along the dimension of individualism-collectivism. The model predicts that more individualism leads to more innovation because of the social rewards associated with innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth. Collectivism leads to efficiency g...

Wealth of the Oceans

Owing to the increasing population, the disparity of natural resources distribution and the variation of climate around the world, there are energy-water-food nexus problems in some countries in the world. It is the objective of the current work to point to the wealth of the oceans as a resource to find all three components. Aquaculture for deep water should also be investigated, and coastal aq...