This paper develops a theory of central bank accountability. Two aspects of accountability are considered. The first …. Transparency enhances the central bank’s accountability. Another way to make the central bank accountable is to shift final … central bank lower. The paper shows that accountability through transparency leads to a lower expected rate of inflation and …

Should mergers among nonprofit organizations be regulated differently than mergers among for-profit firms? The relevant … organizations with varying goals. Consequently, mergers among certain nonprofit organizations should not necessarily be treated in …

Taking into account both competence and governance issues, and six dimensions of tie strength, this article argues that …

of institutional features. An institutional approach is introduced that requires a cooperative governance to realize the … potential value-production by firms, or to realize the potential user-value by clubs. For each, a distinctive governance system … is introduced. The firm requires an implementation governance to activate the value-production capacities of its service …

This article connects theory of learning with theory of governance, in the context of inter-firm relations … relational risk are identified: hold-up and spillover risk.For the governance of relations, i.e. the control of relational risk …