Over the years since airline deregulation five of the remaining U.S. legacy carriers lost money on mergers that cost them a total of $29.6 billion. The combined market cap of these carriers at the end of 2007 was $15.5 billion. In other words, their return on merger investments was -48%. Why?...

Enron's demise and the corporate investigations that ensued have reinvigorated the debate on managerial fiduciary duty. Some have argued that the recent stock bubble and the ensuing revelations of managerial malfeasance merely repeat history: Capitalism regularly corrects market exuberance and...

quot;Taking Stockquot; explores the place of newspaper journalism in the publicly traded newspaper companies. It does so through an analysis at the level of the firm and the organization of the publicly held business entity and its subsidiaries, analyzing financial operations, organization and...

In this paper, we seek to extend and integrate national and international strategy-structure theory. We use an information-processing approach to model the relationship between both national and international elements of strategy and macro structure. We test our hypotheses with data from 156...

Microcredit interest costs remain higher than those of commercial banks in spite of significant donor funds, largely owing to transaction costs relative to small loan sizes. With the rise of Web 2.0 and online social interactivity, can these transaction costs be reduced through peer to peer...

We characterize the period from the end of World War Two to the early 1980s as technocratic and the period since as proprietary. During the technocratic period, compensation differences between CEOs and senior management were quot;marginalquot; in that they reflected their economic contributions...

There is a tradition in modern business scholarship to see the corporation as a political actor. S.P. Waring argues that the modern business corporation is a polity, Herbert Kaufman views political theorists and management theorists as merely quot;different species of the same genus,quot; while...

Information Technology (IT) investments are the largest capital budgeting item in most U.S. firms. Thus, there is significant scholarly interest in understanding the relationship between IT investments and firm performance. However, findings to date remain mixed: while some studies find a...

Ambulatory e-prescribing, at first glance, appears to be a straightforward automation effort that electronically connects an e-prescriber to an electronic network so an e-script can be sent to a pharmacist. The reality is much more complex. The successful implementation of e-prescribing requires...