When a firm suffers an extreme property and casualty (Pamp;C) loss it frequently finds it difficult to transfer similar Pamp;C risk in the future. This circumstance adds stress to the firm just as it is trying to recover from the effects of the super catastrophic (Super Cat) loss. For example,...

Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of talent as the new stakeholder in the firm. This paper examines the role of trade integration for the changing nature of the corporation. International trade leads to a 'war for...

This paper develops a theory which investigates how firms' choice of corporate organization is affecting firm performance and the nature of competition in international markets. We develop a model in which firms' organisational choices determine heterogeneity across firms in size and...