This paper investigates 218 related party transactions （RPTs） in Israel, an economy characterized by a high percentage of closely-held finns and identifies a non-linear inverted U connection between the value effect...This paper investigates 218 related party transactions （RPTs） in Israel, an economy characterized by a high percentage of closely-held finns and identifies a non-linear inverted U connection between the value effect of RPT and the level of finn ownership concentration. This non-linear connection is similar to the worldwide documented quadratic （inverted U） relation between ownership concentration and a finn＇s Tobin＇s Q. The relation becomes even statistically stronger, when measuring ownership concentration using a strategic power approach, in an attempt to identify the source of this puzzling connection.展开更多
Based on the value sensitivity of options to underlying and corresponding treaty clauses, this paper poses a measuring method of path dependence intensity, which breaks the setup where the path dependence intensity is...Based on the value sensitivity of options to underlying and corresponding treaty clauses, this paper poses a measuring method of path dependence intensity, which breaks the setup where the path dependence intensity is only classified roughly and which becomes a deep study on path-dependent options. Then, its feasibility, instructions, and application to compare the path dependence intensity of sorts of options will be discussed.展开更多
Different from the elementary acceptability of the desirable good, the fight refers to the proper acceptability of the abhorrent evil caused by human action aiming at some good in its paradoxical structure due to the ...Different from the elementary acceptability of the desirable good, the fight refers to the proper acceptability of the abhorrent evil caused by human action aiming at some good in its paradoxical structure due to the conflict of diverse goods. As one of the most fundamental and important standards of human values, then, it has both the negative function to prevent unacceptable evils and the positive one to achieve permissible goods, and therefore can guarantee human intended existence against substantive destruction.展开更多
文摘This paper investigates 218 related party transactions （RPTs） in Israel, an economy characterized by a high percentage of closely-held finns and identifies a non-linear inverted U connection between the value effect of RPT and the level of finn ownership concentration. This non-linear connection is similar to the worldwide documented quadratic （inverted U） relation between ownership concentration and a finn＇s Tobin＇s Q. The relation becomes even statistically stronger, when measuring ownership concentration using a strategic power approach, in an attempt to identify the source of this puzzling connection.
文摘Based on the value sensitivity of options to underlying and corresponding treaty clauses, this paper poses a measuring method of path dependence intensity, which breaks the setup where the path dependence intensity is only classified roughly and which becomes a deep study on path-dependent options. Then, its feasibility, instructions, and application to compare the path dependence intensity of sorts of options will be discussed.
文摘Different from the elementary acceptability of the desirable good, the fight refers to the proper acceptability of the abhorrent evil caused by human action aiming at some good in its paradoxical structure due to the conflict of diverse goods. As one of the most fundamental and important standards of human values, then, it has both the negative function to prevent unacceptable evils and the positive one to achieve permissible goods, and therefore can guarantee human intended existence against substantive destruction.
