In this paper, we study the evolution of private military corporations (PMCs), which are for-profit organizations that subcontract military field services to sovereign authorities as well as to others. Between Eisenhower's famous “military-industrial complex” speech in 1961 and the post-9/11...

We examine differences in the risk-mitigation practices of venture-capital investors in managing both US and non-US ventures. The analysis focuses on actions taken by investors to manage the risks in venture firms. In particular, we evaluate whether investors disburse an average dollar to non-US...