Search results

Investigates the differences in protocols between arbitral tribunals and courts, with particular emphasis on US, Greek and English law. Gives examples of each country and its way of using the law in specific circumstances, and shows the variations therein. Sums up that arbitration is much the better way to gok as it avoids delays and expenses, plus the vexation/frustration of normal litigation. Concludes that the US and Greek constitutions and common law tradition in England appear to allow involved parties to choose their own judge, who can thus be an arbitrator. Discusses e‐commerce and speculates on this for the future.

This paper aims to investigate whether the homes in the Norwegian capital, Oslo, are overpriced. While house prices in many countries dropped after the financial crisis, those in Norway have continued to increase. Over the past 20 years, real house prices in Oslo have increased by around 7 per cent yearly.

The authors use a vector error correction model to estimate the equilibrium between house prices, rents, construction costs and wages to examine whether house prices in Oslo are overpriced.

Long-term relationships between house prices, rents, construction costs and wages are found and used to estimate equilibrium house prices in Oslo. The overpricing in Oslo compared to estimated equilibrium prices is around 35 per cent.

Price–rent, price–construction cost and price–income ratios are often used, by practitioners to say something about over- or underpricing in the housing market. We test and find that house prices, rents and construction costs move toward constant ratios in the long run, while wages are found to be weakly exogenous in the system.

Our estimate of overpricing gives households, investors and policy-makers a better understanding of the risk associated with owning dwellings.

Rents are both a very important cost variable in the housing market, having large welfare and distributional implication, and one of the most important variables in house price research. The aim of this paper is to construct rent indices for Norway's capital, Oslo.

This paper uses a unique dataset with 24,257 housing for rent advertisements, creating hedonic indices using the time dummy variable method.

In this paper, the author presents annual rent indices for Norway's capital, Oslo, over the period from 1970 to 2008. In addition to an aggregate index, they construct hedonic rent indices for different flat types.

Existing Norwegian rent indices start around 2000 or are constructed with the purpose of being a part of the CPI, and are therefore adjusted for change in quality. Since the author's indices are not adjusted for quality, they give new information about Norwegian rent for the past 40 years.

One of the more contentious areas of corporate governance today is how active a company's board of directors should be in the development and execution of corporate strategy. While the spotlight is on public companies, private ones (and even not‐for‐profits) would do well to pay attention. Even though private companies and many non‐profits operate without the glare of public scrutiny, the core governance issues they must grapple with are essentially the same as their public brethren.

The power available to corporate executives stems from a new set of ethics.

This chapter focuses on “healthy-sick” organizations. We define them as those organizations that appear to be healthy to the outside world but are sick at their core. We identify and discuss, in detail, singular attributes of healthy-sick organizations and their path to failure. As senior organizational leaders are responsible for creating and maintaining the set of interactions that creates the healthy-sick phenomenon, our elaboration will necessarily focus on these leader(s). We conclude with a set of recommendations to mitigate the probability of organizations falling into the healthy-sick trap.

Kenya is vulnerable to trade-based and other forms of money laundering. Banks are prime targets for money launderers since they can facilitate the processes of placement, layering and re-integration. Consequently, banks are key in fulfilment of the prohibitory and preventative anti-money laundering (AML) strategies. In executing these obligations, the potential for clashes between the bank following the law and obeying its contractual duties to the client arises. Hence, this paper aims to examine these potential conflicts of interests.

The examination is based on reviewing relevant literature, case law and analysing the Proceeds of Crime and AML Act and its attendant regulations. These form the core of the AML regime imposing obligations on banks.

The analysis indicates the provisions are robust and can assist in addressing money laundering risks faced by banks. Nonetheless, there are identified gaps since the primary AML legislation does not provide guidance on various issues. This can potentially lead to banks facing litigation from customers for failure to honour its duty of secrecy and customer’s instructions.

The paper seeks to make a practical and scholarly contribution in considering the issue and possibly filling this gap through advocating for statutory amendment. Subsequently, positive review of the law will help strike a balance between interference in the banker-customer contractual relationship and facilitation of banks fulfilling their prohibitory and enforcement of AML obligations.

This paper observes that Apple illustrates the right and wrong ways to bring about organizational change, and emphasizes the key role of personalities in the process.

Compares and contrasts the performance of Apple under the leadership of Steve Jobs and John Sculley.

Advances the view that Steve Jobs was more successful because he focused on innovation, while John Sculley paid more attention to current products and profitability.

Describes how the Steve Jobs era saw the introduction of such iconic Apple products as the iPod, iPhone and iPad, which helped the company to gain pre-eminence in its field.

Argues that, in today’s globalized business environment, organizational change is a must. Demonstrates how to achieve this successfully.

Describes two sides of the Apple story and draws the lessons for other businesses involved in organizational change.

In this chapter, I analyze former US president Barack Obama’s foreign policy decision-making process during his two terms of presidency between the years 2008 and 2016. The analysis covers six decisions with an emphasis on decisions concerning conflicts that embodied a potential for the use of force.

Using the Applied Decision Analysis (ADA) method, I find that Barack Obama’s decision-making pattern in these decisions fits the poliheuristic decision theory, where the domestic politics dimension constitutes a non-compensatory dimension. By understanding President Obama’s use of the poliheuristic decision code, this study can offer an explanation to his willingness to use force in some cases, and his avoidance of the use of force in others.