We investigate how the contractibility of actions affecting the value of an asset affects asset ownership. We examine this by testing how on-board computer (OBC) adoption affects truck ownership. We develop and test the proposition that adoption should lead to less ownership by drivers, particularly for hauls where drivers have the greatest incentive to drive in non-optimal ways or engage in re...

Interorganizational systems (IOSs) are becoming ever more important due to the rapid growth of business-to-business electronic commerce and firms’ increasing needs for collaboration to respond to today’s fast-paced business environment. However, the substantial investment in information technology (IT) that is required and the uncertain benefits have resulted in underinvestment. We use the theo...

Widely-dispersed assets such as buildings, equipment, roads and bridges present local governments as well as big organizations with a number of asset management challenges. Recently financial sustainability and competitiveness have put more pressures on owner/managers to minimize asset total cost of ownership and streamline their asset management operations. In general asset management operatio...

We investigate relations among inside ownership, managerial expenses, risk sharing and equity valuations. Our engine of analysis—Real Estate Investment Trusts (REITs)—provides a unique and rich framework for analysis since we can calculate extremely accurate measures of asset replacement costs, and hence relative valuation (Tobin’s q). Further, the nature of the financial statements allows us t...

We develop an economic model that relaxes assumptions in Property Rights Theory to allow for investment in innovation that can benefit both client and vendor in an IT outsourcing relationship. Our model offers an explanation for the empirically observed heterogeneity in asset ownership structure. We find that optimal ownership structure can vary due to the different incentives of the client and...

We analyze noncontractible investments in a model with shading. A seller can make an investment that affects a buyer’s value. The parties have outside options that depend on asset ownership. When shading is not possible and there is no contract renegotiation, an optimum can be achieved by giving the seller the right to make a take-it-or-leave-it offer. However, with shading, such a contract cre...

The existence of biological assets is fully regulated in PSAK 69 which the adoption IAS 41. This study aims to provide empirical evidence related influence asset intensity, ownership concentration, public ownership, and audit committee meetings on disclosure. population used this an agricultural company listed Indonesia Stock Exchange (IDX) for period 2018 2021. sample selection method was purp...

This paper presents preliminary comparisons of asset ownership estimates derived from wave 1 of the 2004 panel of the Survey of Income and Program Participation (SIPP) with estimates derived from the 2001 SIPP panel and from other sources. Of primary interest are the estimated ownership rates for “rare” asset types. In contrast to the procedures used in 2001, in the new questionnaire in use for...

Most legal traditions view individual ownership as paradigmatic. Yet most property is jointly owned. This paper analyzes how joint ownership affects alienability by focusing on two fundamental issues raised by joint ownership—the nature of the class of those who may benefit from a joint asset and the nature of the process for making decisions about such an asset. I identify four possible ways t...