The progress that the US has achieved in terms of homeland and supply chain security since 9/11 is remarkable. In this paper, progress and challenges in US homeland security are discussed, and security and efficiency, two important aspects of the operation of maritime ports, are addressed. Specifically, this paper describes ...Download Now
The authors solve a firm's investment problem when there is uncertainty about the growth rate of the project value and about the investment cost. This uncertainty makes the firm ambiguity averse. They use a robust method to take this into account. In this paper, they provide explicit solutions when the ...Download Now
Data are used in almost all the activities of companies and constitute the basis for decisions on operational and strategic levels. The technological developments have implied that companies store increasingly more data. However, data quality maintenance work is often neglected, and poor quality business data constitute a significant cost factor ...Download Now
Why is corporate investment non-monotonic in financing constraints? It is known since Kaplan and Zingales (1997) that investment-cash flow sensitivities do not have to increase in constraints. Most researchers still took for granted that investment volume itself is decreasing in constraints, i.e. sensitivities are always positive. However, recent empirical evidence ...Download Now
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