We examines the legal penalties imposed on Dutch listed firms targeted by competition authorities from 1998-2008. By using event study techniques we estimate the impact of the main events in an antitrust investigation on a firm’s stock market value and analyse the causes of the value impacts. The first announcement of an antitrust investigation has a statistically significant effect on the firm...

Article history: Received 3 March 2009 Received in revised form 14 July 2009 Accepted 3 September 2009 Available online 14 October 2009 Tariffs and anti-dumping duties are two important tools used to protect industries from foreign competition and to generate revenue. While the two tools have been studied extensively in separate contexts, little is known about their comparative effects. This pa...

We study the impact of special interest politics on competition for a multinational between two countries. We show that whether a country will win this competition is determined by both economic factors, which include for which country foreign direct investment will bring more national welfare, and in which country the multinational will make more profits; and to what extent each country’s gove...

Information security education and training needs to be valued and assessed from various perspectives. This study presents two differing viewpoints from which such an evaluation can be perceived – those of the individual and the organisation. Some sorts of profits are sought after by each of the two, although this is expressed and hence valued differently depending on the perspective taken. We ...

A large share of the poor in developing countries run small enterprises, often earning low incomes. This paper explores whether the poor performance of businesses can be explained by a lack of basic business skills. We randomized the offer of a free, 48-hour business skills course to female entrepreneurs in rural Mexico. We find that those assigned to treatment earn higher profits, have larger ...

We study competition and cooperation among a group of storage units. We show that as the number of storages increases, the profit of storages approaches zero under Nash competition. We propose two ways in which storages can achieve non-zero profit and show that they are optimal in the sense that storages achieve the maximum possible profit. The first is a decentralized approach in which storage...

Data mining models often carry the final objective of maximizing profit or minimizing cost. This problem becomes even more profound in financial applications that can have multiple constraints, such as interest rate, score cut-off, and the loan amount to allocate. In this paper, we present a pricing framework for discovering the total profit from a probabilistic model, given a benefit function.

Emphasis on milk yield (MY) as well as milk yield persistency (MYP) and calving interval (CI) is necessary to achieve more sustainable productionin dairy cattle. Therefore the main objective of this study was to find an optimum regression model to estimate economic values for MY, MYP and CI.Using a deterministic bio-economic model, seventyfiveproduction states differing mainly in MY, MYPand CIw...

Economic weights for sow productivity traits in pure-line pig populations were derived from a single profit equation in order to provide flexibility to alternative market requirements or production systems. The profit function method was modified to account for differences in piglet perinatal survival environment imposed by litter size at birth. Both the 100kg finished pig and the feeder pig ma...

Background: There is a better way to identify profit management companies, and that is to focus on the motivation and ethical beliefs of managers. Therefore, the purpose of this study is to evaluate the ethical and immoral behaviors of earnings management. Method: The method of conducting the present research in the category of qualitative research is descriptive-survey. The statistical popula...