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Full-Text Articles in Business

Managing Unmanageable Physicians: Leadership, Stewardship, And Disruptive Behavior, Tim Keogh, William Martin Aug 2004

Managing Unmanageable Physicians: Leadership, Stewardship, And Disruptive Behavior, Tim Keogh, William Martin

William Marty Martin

Physician and health care leaders are seeking guidance and support on how to address disruptive behavior that has an impact on safety, quality, and performance. This article equips leaders with a model and process to prevent and address disruptive behavior.


The Market Premium For The Option To Close: Evidence From Australian Gold Mining Firms, Simone Kelly Aug 2004

The Market Premium For The Option To Close: Evidence From Australian Gold Mining Firms, Simone Kelly

Simone Kelly

This paper assesses whether the market valuation of gold mining firms contain a premium for the option to close. Tests of whether observed market values incorporate operating flexibility is central to our understanding of the processes that drive market values and has implications for the relevance and suitability of known theoretical pricing frameworks. This paper assesses the relevancy of the option to close for mining firm valuation. This is achieved by examining 41 Australian gold mining firms listed on the Australian Stock Exchange from 1987 to 1994 that are actively engaged in gold mining extraction and production. A pooled cross-sectional …


Model Development Techniques And Evaluation Methods For Prediction And Classification Of Consumer Risk In The Credit Industry, Jennifer Priestley, Satish Nargundkar Dec 2003

Model Development Techniques And Evaluation Methods For Prediction And Classification Of Consumer Risk In The Credit Industry, Jennifer Priestley, Satish Nargundkar

Jennifer L. Priestley

In this chapter, we examine and compare the most prevalent modeling techniques in the credit industry, Linear Discriminant Analysis, Logistic Analysis and the emerging technique of Neural Network modeling. K-S Tests and Classification Rates are typically used in the industry to measure the success in predictive classification. We examine those two methods and a third, ROC Curves, to determine if the method of evaluation has an influence on the perceived performance of the modeling technique. We found that each modeling technique has its own strengths, and a determination of the “best” depends upon the evaluation method utilized and the costs …


Risk Sharing And The Market For Corporate Control: A Case For Golden Parachutes, Atreya Chakraborty Dec 2003

Risk Sharing And The Market For Corporate Control: A Case For Golden Parachutes, Atreya Chakraborty

Atreya Chakraborty

The predictability of security returns has received considerable attention in the literature, and yet the predictability of bond returns beyond the US markets has remained far less explored. Here we plan to remedy the shortcoming, and in that effort we analyse the ability of several predetermined information variables in predicting bond returns in the European market. We test if variables, commonly used for that matter in the context of other markets (such as inverse relative wealth, term spread, real bond yield and a January dummy) are also useful predictors of European bond returns. Due to some particularities of the sample …


Ethics In A Time Of Crises, David A. Bainbridge Dec 2003

Ethics In A Time Of Crises, David A. Bainbridge

David A Bainbridge

Global crises reveal the weakness of our current ethical construct. A more inclusive ethical framework is needed to encourage and support sustainable development and management of resources and restoration of damaged ecosystems.


A Borderless World Of Hypermobile And Homeless Capital? An Evaluation Of Financial Flows In The Mutual Fund Industry, Colin C. Williams Dec 2003

A Borderless World Of Hypermobile And Homeless Capital? An Evaluation Of Financial Flows In The Mutual Fund Industry, Colin C. Williams

Colin C Williams

The aim of this paper is to evaluate critically the hyperglobalist thesis that with the emergence of fund-manager capitalism, hypermobile and homeless capital increasingly roams a borderless world in search of investment opportunities. Drawing upon Standard and Poor’s Micropal data base to analyze financial flows in the mutual fund industries of nine developed market economies, evidence is found of some globally orientated funds as well as more rapid-fire trading, faster fund switching and the disembedding of capital ownership from place and individuals. However, little evidence is found that the apogee of financial globalization - a seamless world of hypermobile and …