The Web has been a growing topic of interest since its introduction into the popular culture. This study examines the use of the Web by the Fortune Global 100 firms relative to the Fortune 100. It examines the firms’ desire and ability to communicate to and with individuals and organizations interested in the firm. Each firm’s site was reviewed for accessibility, content, and inquiry potential. The Fortune 100 seems to be slightly ahead of the Fortune Global 100 in terms of information content and interactivity but trail in the area of multiple language availability. All of the other criteria that were examined did not clearly favor either group.

This study extends and expands the body of evidence related to foreign exchange market efficiency by employing the single‐equation cointegration test proposed by Phillips and Ouliaris [19], and the Johansen [12] 1991 Full Information Maximum Likelihood procedure for a system of equations. Through the use of these updated techniques and a global data set, the authors are able to more carefully test for the presence of cointegrating relationships and examine the consistency of the results in three trading locations. The results are quite consistent across locations and are highly supportive of efficiency in the global foreign exchange market.

Strategic investment decisions entail intertemporal resource allocation. Given relative resource availability and favourable environmental dynamics, effective strategic investment planning is a major determinant of overall corporate financial performance. This paper advances a methodology for optimizing intertemporal investment decisions through a consensus‐oriented process. This process entails identifying the strategic investment factors, their relative importance, and their assumed values relevant to the timing of each investment program. The paper also provides a methodology for determining the system's priority formulation as the model's objective function. This information generates an optimization matrix designated by investment programs and time. This matrix is then optimized through a hierarchical goal‐programming model that maximizes overall strategic investment decisions. The model was applied to a major capital investment program in the state of New York. Résumé Les décisions d'investissements stratégiques impliquent une allocation de ressources intertemporelles. étant donné la disponibilité relative des ressources et de bonnes dynamiques environnementales, une planification efficace des investissements stratégiques est le déterminant principal de l'ensemble des résultats financiers d'une entreprise. La présente recherche propose une méthodologie pour optimiser les décisions d'investissements intertemporels au moyen d'un processus orienté vers le consensus (consensus‐oriented). Ce processus comprend tout d'abord l'identification des facteurs d'investissements stratégiques, puis leur importance relative et leur valeur supposée en rapport avec l'échelonnage dans le temps de chaque programme d'investissement. Elle propose également une méthodologie pour déterminer la formulation de la priorité du système ainsi que la fonction objective du modèle. Cette information conduit à la construction d'une matrice d'optimisation par programmes et par temps d'investissement. Cette matrice est ensuite optimisée grǎce à un modèle de programmation à but hiérarchique qui maximise les décisions globales d'investissements stratégiques. Ce modèle à été appliqué à un programme d'investissement en immobilisations dans l'état de New York.

No abstract

No abstract