In this paper we take three well known Sigma Point Filters, namely the Unscented Kalman Filter, the Divided Difference Filter, and the Cubature Kalman Filter, and extend them to allow for a very general class of dynamic ...

We show that social capital improves the viability of stakeholder-oriented firms operating in competitive markets. Studying exits from the population of Norwegian savings banks after deregulations, we find that banks located ...

Dette arbeidsnotatet består av Månedsbrevet fra årets seks første måneder og Vinterbrevet. (Med Ivar Strompdal som medforfatter): Stabilt eller robust? Elementært, min kjære Watson København i januar Noe må ...

In residual income valuation the information dynamics (ID) provides a connection between current observable information and unobservable forecasts of future residual income (RI). Traditionally the ID is formulated as ...

Recent research in strategy, organization theory and industrial marketing is emphasizing the new complexities of gaining a dynamic resource-advantage that can reinvent and differentiate the industrial firm's offerings. ...

In two recent papers, Kilian and Zhou (2019) and Kilian (2019) have criticized Bjørnland, Nordvik, and Rohrer (2017), arguing that our finding of a large price elasticity of output for shale producers is not credible. We ...

Higher dividends may create value by reducing agency costs, but may also destroy value by increasing tax payments. This paper shows empirically how stockholders use holding companies to establish indirect ownership through ...

With its scarce budgetary resources and institutional logics favouring market-based problemsolving, the European Union (EU) has been considered a prime example of the regulatory state. When and how can we expect the ...

Drawing on various theoretical streams, including organizational deviance, we propose that a franchisor cannot assess and control opportunism without comparative information from plural form contractual arrangements provided ...