A perennial problem with the management of a business has been concerned with the relationship between the managers of a business and its owners and investors, which is of course known as the agency problem. It is generally accepted that the information asymmetry which inevitably exists in this...

The aim of this paper is to measure the relationship between corporate governance and the performance of firms in Nigeria. To achieve this objective, we use Return on equity, Net profit margin, Sales growth, Dividend yield, and Stock prices/values as the key variables that defined the...

The entrepreneurship of top management is a critical factor for the growth of the firm. Entrepreneurship has a tendency to weaken with the transmission of management from generation to generation, which causes the senescence of the firm. The senescence of entrepreneurship and organizational...

The accepted wisdom — that a lawyer who becomes a corporate director has a fool for a client — is outdated. The benefits of lawyer-directors in today's world significantly outweigh the costs. Beyond monitoring, they help manage litigation and regulation, as well as structure compensation to...

As I write this, markets across the globe are in turmoil and economies are slowing due to the Covid-19 pandemic. Throughout the early phases of the turmoil, we heard explanatory narratives beginning to form such as, “This came out of nowhere! No-one saw this coming.” The irony is that...

As I write this, markets across the globe are in turmoil and economies are slowing due to the Covid-19 pandemic. Throughout the early phases of the turmoil, we heard explanatory narratives beginning to form such as, “This came out of nowhere! No-one saw this coming.” The irony is that...

Coopetition can occur when two (or more) firms, during and/or after their competitive actions and reactions, decide to pursue a common goal by cooperating in other activities or, vice versa, when two (or more) firms, during and/or after cooperative relationships, compete against each other in...

Consider a market where firms sell differentiated but substitutable products. Each firm has some uniqueness for its products but also has non-cooperative rivals. The market power of a firm is determined by the inelasticity of demand for its products as well as it market share. First, an index...

Interorganizational trust is an important factor affecting the actions and performance of organizations engaged in strategic alliances and in other dyadic and network relationships. In this article, we examine and consolidate the empirical scholarship on interorganizational trust in the...

Over the last years, there has been a significant increase in the use of coopetition as a strategic device. We propose a dynamic capabilities view of coopetition to examine the evolution and impact of a relationship between firms that start as partners and become competitors. We show that a...