Many industrialized economies have seen a rapid rise in top income inequality and in the globalization of production since the 1980s. In this paper I propose an open economy model of executive pay to study how offshoring affects the pay level and incentives of top earners. The model introduces a...

Many industrialized economies have seen a rapid rise in top income inequality and in the globalization of production since the 1980s. In this paper I propose an open economy model of executive pay to study how offshoring affects the pay level and incentives of top earners. The model introduces a...

How do domestic Örms respond to the threat of foreign competition? This paper quantifies the threat of competition from foreign multinational firms by exploring investment news that appear in over 35,000 newspapers, trade presses, magazines, newswires, and other forms of media in 200 countries....

This paper analyses the major changes in textile products, production costs, prices, and market orientations during the era when the �draperies� or cloth industries of the late-medieval Low Countries and England had become increasingly dependent upon northern markets and the German...

Collaboration and risk sharing through industry sponsored centralized facilities, i.e. clearing houses, central securities depositories, payment and netting systems, and central counterparties, has been used extensively in the financial services industry. However, it has only been applied to the...

A long-standing deterrent to foreign direct investment in developing countries is weak enforcement of binding contracts. A local firm may learn business skills from a cooperating multinational firm and subsequently do business on its own based on the acquired skills. In a two-period...

We employ the “social conditions of innovative enterprise” framework to analyze the key determinants of China’s development path from the economic reforms of 1978 to the present. First, we focus on how government investments in human capabilities and physical infrastructure provided...

The world's audit industry is concentrated in the hands of four big accounting firms: PricewaterhouseCoopers, KPMG, Ernst & Young, and Deloitte Touche Tohmatsu (the Big 4). These firms are in a strong position in that they audit the financial statements of nearly all the global public companies...

The strategy type at the company level has an impact upon the selection and implementation of the strategy at the business level. The international strategy at the company level is different from the international strategy at the business level through the diversification extension degree (both...

Although an extensive amount of literature reviews emerging patterns of east-west co-operation, it is not easy to grasp the state of the art. Too many of the books, articles and papers tend to mark the trees rather than to map the forest. The paper analyses recent trends from the point of view...