theories and the existing studies predict different the relationship between external financing and investing activities and the stock returns. but almost of them predict that there is negative relationship separately between financing and investing activities with stock returns. this study examined the assumption that there is a significantly negative relationship between external financing ac...

this paper provides a fuzzy based decision support system (dss) for risk analysis in e-tourism ( electronic tourism ) investment. in general term, e-tourism is the use of information and communication technology (ict) in tourism which may allow operating tourism in least variable cost, least time and increased work efficiency. it is worth noting that there are many factors that affect the deve...

Past information systems research on real options has focused mainly on evaluating information technology (IT) investments that embed a single, a-priori known option. However, since real options are not inherent in any IT investment, they usually must be planned and intentionally embedded in a target IT investment in order to control various investment-specific risks, just like financial risk m...

In the competitive market of B2B E-commerce platform, the former entrant has the advantage of switching cost while the later entrant has the advantage of declining IT cost. Considering the variable investment cost due to the improvement of platform quality, the paper develops an IT investment model to investigate the best investment strategy for B2B E-commerce platform under the impact of switc...

For decades financial economists have been attempted to determine the optimal investment policy by recognizing the option value embedded in irreversible investment whose project value evolves as a geometric Brownian motion (GBM). This paper aims to examine the effects of the optimal investment trigger and of the misspecification of stochastic processes on investment in real options applications...

In this study we investigate the performance of investment trust new issues during their first 750 days of trading. Research on the initial performance of new issues has documented that abnormal returns are obtained during the first day of trading. We compare the performance of investment trust new issues with the performance of size and style-based matching investment trusts taking the multina...

China’s pension system is facing a large gap of more than one trillion RMB. The investment efficiency of the social security fund therefore receives widespread attention in academic circles. We collected data of stocks held by the Chinese National Council for Social Security Fund (CNCSSF) from 2004 to 2012 to research the stocks’ investment efficiency, distinguishing between direct investment b...

Starting from reviewing the transnational venture capital investment phenomena, this article points out the necessity to study the transnational venture capital investment, and establish a theoretical framework about the research of the transnational venture capital investment. The framework is composed by the entry system that both investors and attractors find the values of the venture capita...