This chapter addresses the relationship between a supplier and the manufacturers that it serves, from the perspective of transaction cost economics theory (TCE). TCE deals with relationships between organizations, such as customers, manufacturers and suppliers. It states that investment in transaction-specific assets opens the door for opportunistic behavior by an organization’s partners. Inter...

Introduction. Historically, accountants in a local community, many of whom lacked any formal training in valuation, have prepared the majority of divorce valuations. Since the excess earnings method is simple and easy to understand, many tended to use this method. Over time as this method was frequently used it became the ones judges understood and saw used over and over again, leading to its i...

Results: The analysis finds that cash flow sensitivity is a valid measure of financial constraints in the Indian manufacturing sector. Results according to splitting criteria found that investment decisions of standalone firms are more sensitive to cash flow than group affiliated firms. Further, splitting the firms according to market capitalization and tangible net worth reveals a higher degre...

This conceptual paper introduces the important link between law and knowledge resources. We analyse the three key types of institutions: common law, civil law, and social norms, conventions and how they define the nature of property rights for knowledge resources and assets. Knowledge, because of its intangible nature and value, raises fundamental issues of, measurement and property rights that...

The relation between a firm’s stock return and its intangible investment ratio and asset tangibility is derived under the intangible-asset-augemnted (IAA) q-theory framework. Using firm level data and the Generalized Method of Moments (GMM), we estimate the model and three main results emerge. First, the IAA q-theory captures the value premium and the relation between R&D intensity and stock re...

This study aims to examine the role of physical assets in driving financial performance State Bank India (SBI), India's largest bank. It seeks understand relationship between various and SBI's performance, providing insights into strategic implications tangible resources banking industry. Methodology: The utilizes data from CMIE Prowess database, covering period 2011-12 2022-23, analyze perform...