Economists have confined the concept of ‘sustainability’ to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.  2003 Elsevier Science B.V. All rights reserved.

equity in settlement of foreign investment disputes regard of equity in judicial and non-judicial settlement of disputes is necessary. because of the international area of justice in the foreign investment disputes, the equity is more important in these cases. study of international review shows the following and predication of the equity in the adjudges. so that the equity is the basic princip...

In this paper we examine whether information risk affects underwriter switching in a seasoned equity offering (SEO) process. Building on previous research, we hypothesize that SEO firms and underwriters associate with one another by mutual choice, and firms with a low degree of information risk tend to match up with prestigious underwriters. Using a sample of SEO firms in China and employing ac...

The purpose of present study is to explore impact of marketing mix (price, firm image, distribution intensity, promotion and propaganda) on the brand equity of Asia Insurance Firm in view of its customers and prioritizing of these elements based on significance of their impacts. The statistical population includes customers of Asia Insurance Firm in Shiraz, IRAN. Data is collected using questio...

Analysis of the equity premium puzzle has focused on private-sector capital markets. However, the existence of an anomalous equity premium raises important issues in the evaluation of public-sector investment projects. These issues are explored below. We begin by formalizing the argument that an equity premium may arise from uninsurable systematic risk in labour income, and show that, other thi...

top 20 ETFs by assets (with a combined total of $541 billion investor dollars) represent more than half of total equity ETF assets, and 17 of those 20 passively track traditional indices. The other three, representing $34 billion in assets, follow dividend strategies.2 invested in passive index funds (all U.S. and world equity mutual funds), but by November 2012, that number had risen to roughl...

A decades-long trend toward greater racial and ethnic diversity in the United States is expected to continue, with White Americans projected to constitute less than 50% of the national population by mid century. The present review integrates recent empirical research on the effects of making this population change salient with research on how actual diversity affects Whites Americans’ intergrou...

This paper empirically analyzes a particular type of notes observed in securitization transactions: combination notes. Combination notes are formed by combining parts of two or more tranches of securitization transactions, where one part usually consists of a share of the first loss piece. It is analyzed whether combination notes are purely demand driven, or whether combination notes also appea...

Although brand equity is a widely accepted concept, its definition is frustratingly elusive (Knowles, 2008). Our aim thereby is to point the direction for future research on the conceptualization of brand equity, as well as to encourage theoretical and empirical studies that assess its possible consequences. We argue for the need to distinguish between brand equity and brand value, which, altho...