We consider a three-stage game in which symmetric firms decide whether to invest in a cost-reducing technology, then they have the possibility to merge (forming coalitions), and eventually, in the third stage, a Cournot oligopoly game is played by the resulting firms (coalitions). We show that, contrary to the existing literature, the monopoly market structure may fail to form even when the num...

there is little consensus on the corporate diversification-efficiency relationship in the diversification literature. according to the corporate diversification, firms have a tendency to get more market share with diversifying in the local segment or in the international market. theoretically, a contradictory exists between the profitable strategy and the value reducing strategy in the diversif...

This study investigated the relationship between financial development and economic growth for Ireland for the period 1965-2007 using a vector error correction model (VECM). Questions were raised whether financial development causes economic growth or reversely taking into account the positive effect of industrial production index. Financial market development is estimated by the effect of cred...

By moving societies toward globalization and the expansion of competition in the industrial product market, human resource efficiency more than ever has become the determining factor in the competitiveness of industrial products in domestic and foreign markets and thus the profitability of the industry. The main objective of this study is to identify and explain the factors affecting the effici...

Emilia den Boer Mgr Inz, MSc, Dr Inz Assistant Professor, Wroclaw University of Technology, Institute of Environment Protection Engineering, Wroclaw, Poland Ian Williams PhD, PGCE, CChem, MRSC, MCIWM, FHEA Professor, Centre for Environmental Sciences, Faculty of Engineering and the Environment, University of Southampton, Southampton, UK Tony Curran MRes, PhD, LCGI Research Fellow, Centre for En...

Steam efficiency is a major opportunity for manufacturers to boost financial performance in an increasingly competitive environment. An immediate policy challenge is to raise manufacturers’ awareness of these opportunities. A major barrier to accomplishing this is the communications disconnect between plant superintendents and the financial decision-makers who set capital budgeting priorities. ...

This paper tests the hypothesis of market efficiency for the fixed odds betting market of Swedish trotting head-to-head matches. The hypothesis is carried out by a Wald test within a logistic regression model. Data support rejection of semi-strong efficiency at the 5 percent level of significance, while the weak form efficiency cannot be rejected. Moreover, evaluation of the simple strategy to ...