The recent financial crisis has shown that short-term collateralized borrowing may be a highly unstable source of funds in times of stress. In this paper, we develop a dynamic equilibrium model and analyze under what conditions such instability can be a consequence of market-wide changes in expectations. We derive a liquidity constraint and a collateral constraint that determine whether such ex…
Includes index and tables
A recent article in the Journal of Management gives a critique of a Bayesian approach to factor analysis proposed in Psychological Methods. This commentary responds to the authors’ critique by clarifying key issues, especially the use of priors for residual covariances. A discussion is also presented of cross-loadings and model selection tools. Simulated data are used to illustrate the ideas.…
Library has : Vol. I (xxvi, 460 p.) & Vol. II (x, 475 p.)
Board composition is a critical element in the ability of the board to impact firm outcomes. While much of this research has focused on size and independence, there is growing literature that investigates the composition of directors’ demography, human capital, and social capital. The purpose of this article is to synthesize this diverse literature. The authors first review the literature on …
Entrepreneurship has long been seen as an important instrument in stimulating and generating economic growth. The amount of research trying to identify key factors that drive entrepreneurship is considerable; yet, little consensus has been achieved. We argue that this lack of consensus could be on account of model uncertainty as empirical studies often tend to be selective on what variables are…
Includes bibliographies and tables.
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Includes index
Includes bibliographies and index
Includes bibliographies and index
This review systematically examines comparative international entrepreneurship (CIE) research, analyzing 259 articles published in 21 leading journals from 1989 to 2010. We outline the importance of multi-country studies of entrepreneurial activity in enabling the comparison and replication of research and generating meaningful contributions to scholarship, practice, and policy. Our systematic …
Includes bibliographies, index and tables.
Includes bibliographical and tables
Includes bibliographies, index and tables
Laporan ini mengevaluasi efektivitas pemasaran melalui key opinion leader (KOL) dalam mempromosikan produk di media sosial, dengan fokus pada pengidentifikasian tier KOL yang paling hemat biaya untuk mencapai tujuan pemasaran. Studi ini menganalisis data dan praktik yang digunakan oleh PT. ABC, sebuah perusahaan terkemuka di sektor barang konsumsi di Indonesia. PT. ABC bekerja sama dengan berba…
Sistem pembayaran digital mengalami pertumbuhan yang substansial, seiring dengan meningkatnya pertumbuhan transaksi digital di dunia maya, dengan generasi Z sebagai penggerak utama perubahan. Penelitian ini dilakukan untuk menginvestigasi pengaruh stimulus macro-environmental (digital economy ecosystem advancement & digital culture exposure) terhadap kontinuitas implementasi digital payment beh…
Includes bibliographies, indexes and tables
Includes bibliographies, index and tables