Publications

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The effect of asymetric information and transaction costs on asset pricing : theory and tests

This paper presents a capital asset pricing model in the presence of asymmetric information and transaction costs. The model is a generalized version of Merton’s (1987) model and Black’s (1974) model.

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The impact of deviations from selection criteria

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The positive impact of selection criteria on leadership diversity : a comparison of two organizations

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The provision of delivery information online : a missed opportunity

Retailing today involves selling not only in stores, but also through the web and other non-store electronic channels, termed e-services or e-retailing (Mathwick et al., 2002).

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The provision of service delivery information prior to purchase : a missed opportunity online

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The Relationship of the Internal versus External Orientations of Non-Executive Directors to the Execution of Board Role

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The stability Pact and the coordination of fiscal policies in the EMU

This paper studies the relationship between the Stability and Growth Pact (SGP) and the
coordination of fiscal policies in the EMU. Results show that the coordination is an efficient
tool to increase EMU stabilization, even though the overall impact greatly varies according to

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Trade integration in Southeastern Europe

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