Over the last decade much attention has been focused upon strategic factors influencing corporate financing decisions, especially those relating to informational problems. The results of this research have primarily been suggestive--proposing possible explanations of phenomena, but not providing specific methods for incorporating the strategic factors into quantitative valuation techniques and ...

I use the incomplete contracts approach to distinguish accounting recognition from disclosure. Accounting recognition settles contracts while disclosure facilitates armslength transactions. The endogenous power of recognition in settling contracts unilaterally makes it vulnerable to influence activities more than disclosure. In particular, recognition is susceptible to transparent influence act...

The optimal contract and contract parameters are presented when a shipper and a capacitated transport service provider interact repeatedly to renew procurement agreements for one product in a multi period game. Three forms of contracts which enable credible information sharing are analyzed: a priceonly relational contract, a minimum purchase commitment or a quantity flexibility contract. A back...

Recent research has called for studying optimal outsourcing contracts when some aspect of the quality of software is observed but is not verifiable. In this paper we model a software application outsourcing relationship wherein a client offers contracts for development of application software and providing maintenance support over a period of time. Quality of delivered software is impacted by i...

Currently, the electric power industry is in transition from vertically integrated utilities to an industry that will incorporate competitive companies. This increases the complexity of the load frequency issue and calls for more insight and research. In this context, the tuning of a two-area AGC system after deregulation is not yet discussed and is studied in this work. The effect of bilateral...

Introduction Integrated care systems as well as accountable care organisations (ACOs) in the US and similar concepts in other countries are advocated as an effective method of improving the performance of healthcare systems. These systems outline a payment and care delivery model that intends to tie provider reimbursements to predefined quality metrics. By this the total costs of care shall be ...