Contract dispute resolution has become an important aspect in the negotiating process. Objective and effective contract dispute resolution can reduce the high transaction cost and time in the negotiation process. This paper proposes a principle-based contract dispute negotiation system based on expert system and knowledge resource space model (KRSM). The system provides an accurate and objectiv...

The purpose of this article is to investigate whether the securities regulation put forward by the EU contributes to an efficient stock market. An event study of investor meetings/presentations held by listed Danish firms is conducted. The article finds significantly positive abnormal returns a few days around investor meetings. Share turnover reaches maximum one day after investor meetings. Th...

This paper studies the strategic interaction between a foreign direct investor and a host country. We analyze how the investor can use his control rights to protect his investment if he faces the risk of “creeping expropriation” once his investment is sunk. It is shown that this hold-up problem may cause underinvestment if the bargaining position of the investor is too weak and overinvestment i...

We consider: i) a “dynamic” investor who rebalances over time, treats returns as i.i.d., and accounts for learning; ii) a “static” buy-and-hold investor who is aware of predictability and estimation risk. Both investors are internationally-diversified and combine information on longand short-history markets using cross-inference. For a dynamic investor, cross-inference generates separate hedgin...

When the ICSID system was being set up, matter of compliance with investment awards rendered against States considered "academic". ICSID’s architects believed that as long would remain under an international obligation to comply they generally do so. Writing in 2000s and early 2010s, commentators observed have complied adverse awards. In last two decades, number investor-State arbitrations has ...

Optimal asset allocation well-fitting the investors goals is a pressing challenge in risk management. In spite of Sharpe ratio, Sortino-Satchell, Generalized Rachev and Farinelli-Tibiletti ratios are new parameter-dependent performance ratios able to suit the investor risk profile. Five investor prototypes are studied and fifteen tailormade optimal asset paths are traced over a rolling twelve m...

We study the effect of private investor contractual governance on the likelihood of an entrepreneurial firm going public versus being acquired. On one hand, we may expect that the use of strong investor control contracts improves entrepreneurial firm governance and increases the probability of going public. On the other hand, we may expect that founding entrepreneurs generally prefer to maintai...

In this paper, I examine the relation between Integrated Reporting (IR) and the composition of a firm’s investor base. I hypothesize and find that firms that practice IR have a more long-term oriented investor base with more dedicated and fewer transient investors. This result is more pronounced for firms with high growth opportunities, not controlled by a family, operating in ‘sin’ industries,...

We explore states’ decisions to escalate disputes over their territorial claims or settle them peacefully. We complement existing arguments by accounting for the fact that states are often simultaneously entangled in multiple territorial claims. We build on previous scholarship in positing that two states involved in a territorial dispute will act based on information they glean from each other...

This paper examines the differences in accrual-based and real earnings management across countries from the perspective of investor protection. Following prior research (Leuz et al., 2003), we hypothesize that accrual-based earnings management is more constrained by strict discipline in countries with stronger investor protection. For real earnings management in countries with stronger investor...