Institution
London Business School
Education•London, England, United Kingdom•
About: London Business School is a education organization based out in London, England, United Kingdom. It is known for research contribution in the topics: Portfolio & Equity (finance). The organization has 1138 authors who have published 5118 publications receiving 437980 citations. The organization is also known as: LBS.
Topics: Portfolio, Equity (finance), Debt, Market liquidity, Earnings
Papers published on a yearly basis
Papers
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TL;DR: The Kyoto Protocol, negotiated in December 1997, is the first international treaty to limit emissions of greenhouse gases as mentioned in this paper. But it may not even achieve the reductions that it promises, either because emissions will relocate to the countries that are not required to stay within Kyoto-prescribed ceilings or because "paper" trades will be promoted by the protocol's mechanisms.
Abstract: The Kyoto Protocol, negotiated in December 1997, is the first international treaty to limit emissions of greenhouse gases. But Kyoto does not mark the conclusion to international cooperation on climate change. It is really just a beginning. This paper shows that, in the aggregate, the benefits of undertaking the Kyoto reductions should exceed the corresponding costs-provided these are achieved cost-effectively. But, although Kyoto seeks to promote cost-effectiveness, it may yet prove very costly. Moreover, the agreement may not even achieve the reductions that it promises, either because emissions will relocate to the countries that are not required to stay within Kyoto-prescribed ceilings or because "paper" trades will be promoted by the protocol's mechanisms. More fundamentally, Kyoto does not deter non-compliance, and it only weakly deters non-participation. These flaws need to be mended, but the nature of the problem makes that an especially difficult task. Copyright 1998 by Oxford University Press.
137 citations
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TL;DR: The authors found that when consumers were re-interviewed, on average only about 50% gave the same attitudinal yes or no response as before, implying that attitude beliefs are often not very firmly held.
137 citations
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TL;DR: In this article, the effects of public ownership and regulatory agency independence on regulatory outcomes in EU telecommunications were examined, and the authors found that public ownership of the incumbent positively affects these interconnect rates, and suggest that governments influence regulatory outcome in favor of incumbents in which they are substantially invested.
Abstract: We examine the effects of public ownership and regulatory agency independence on regulatory outcomes in EU telecommunications. Specifically, we study regulated interconnect rates paid by entrants to incumbents. We find that public ownership of the incumbent positively affects these interconnect rates, and suggest that governments influence regulatory outcomes in favor of incumbents in which they are substantially invested. However, we also find that the presence of institutional features enhancing regulatory independence from the government mitigates this effect. In order to study regulatory independence, we introduce a new cross-country time-series database—the European Union Regulatory Institutions (EURI) Database. This database describes the development of institutions bearing on regulatory independence and quality in telecommunications in the 15 founding EU member states from 1997 to 2003
137 citations
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TL;DR: In this article, the authors report on managerial autonomy of state-owned enterprises SOEs, or its reverse: the control which is exerted by government and supervising public authorities on SOEs.
Abstract: The present paper reports on managerial autonomy of state-owned enterprises SOEs, or its reverse: the control which is exerted by government and supervising public authorities on SOEs. First, it examines the types of control applied. Using evidence from a sample of 110 Greek SOEs, the paper identifies certain distinct dimensions of control related to: strategic business-boundary issues, pricing decisions, resource acquisition and mobilisation issues. Second, environmental and organisational "determinants" of the control intensity are identified. Results broadly suggest that the intensity of control, as perceived by enterprise managers, is i positively related to dependence on the state for resources, to enterprise size, and to "political visibility," i.e., social orientation of product market strategy, and ii negatively related to market competition and demand unpredictability. An interpretation of the results is attempted drawing on wider organisational, social and economic theories. Policy implications are discussed.
137 citations
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TL;DR: In this paper, the authors investigated the determinants and value relevance implications of the accounting method choice for development expenditures for firms with research and development (R&D) programs in the United Kingdom (UK).
Abstract: This paper investigates the determinants and value relevance implications of the accounting method choice for development expenditures for firms with research and development (R&D) programs in the United Kingdom (UK). Using a sample of 3,229 UK firm-year observations over the period 1996–2004, I find that the decision to expense versus capitalize development expenditures is influenced by earnings variability, earnings sign, firm size, R&D intensity, leverage, steady-state status of the firm's R&D program, and R&D program success. Additional results indicate that there is little difference in value relevance between reported and adjusted numbers for both the Expensers and the Capitalizers. The evidence in this paper suggests that managers choose the ‘correct’ method for accounting for R&D in order to best communicate the private information which they hold.
137 citations
Authors
Showing all 1156 results
Name | H-index | Papers | Citations |
---|---|---|---|
Stephen J. Wood | 105 | 700 | 39797 |
Viral V. Acharya | 99 | 376 | 31776 |
Michael Frese | 97 | 384 | 37375 |
James Taylor | 95 | 1161 | 39945 |
E. Tory Higgins | 94 | 363 | 48833 |
Howard Thomas | 83 | 504 | 26945 |
John Roberts | 78 | 365 | 45997 |
Dinesh Bhugra | 70 | 682 | 18690 |
Jiju Antony | 68 | 411 | 17290 |
David De Cremer | 65 | 297 | 13788 |
Andy Neely | 65 | 222 | 26624 |
Gerard George | 64 | 145 | 27363 |
Julian Birkinshaw | 64 | 233 | 29262 |
Geoffrey C. Williams | 64 | 231 | 19261 |
Alan Manning | 63 | 245 | 17975 |