The paper identified ways in which corporate governance reforms are failing and how this situation can be corrected. A basic problem is that corporate governance is not described in outcomes that can be measured but in unmeasurable terms of principles, practices and processes. This means that...

This paper explores the effect of the possibility of third-party intervention on behavior in a variant of the Berg, Dickhaut, and McCabe (1995) quot;Investment Gamequot;. A third-party's material payoff is not affected by the decisions made by the other participants, but this person may choose...

In physics, optimization is an organizing principle for natural phenomena. Entropy tends toward its maximum and marbles roll toward minimum potential energy, all without intent or purpose. Injection of this principle into economics initially followed the physicists' organizing perspective, and...

This paper shows that the way nature governs the management of complexity has application to organisations and global society by using Transaction Byte Analysis (TBA). TBA fills a gap in organisational theory in providing a way to compare hierarchical organisations with complex ones with...

An experiment by Tversky and Kahneman (1981) illustrates that people's tendency to evaluate risky decisions separately can lead them to choose combinations of choices that are first-order stochastically dominated by other available combinations. We investigate the generality of this effect both...

This paper shows how a gap in organizational analysis can be filled by using the transaction of bytes to compare hierarchical organizations controlled by a single control centre with complex ones possessing distributed decision making with multiple communication channels and control agents. No...

Among qualitative methods ethnography, which has its roots in anthropology and interpretive sociology, is recognized by an increasing number of researchers as an appropriate strategy for studying organizations. The method is also seen as offering the potential for new and additional insights...

This paper shows how a gap in organisational analysis can be filled by using the transaction of bytes to compare hierarchical organisations controlled by a single control centre with complex ones possessing distributed decision making with multiple communication channels and control agents. No...

We study the following basic intuition: when faced with a decision how to split their investment between a risky lottery and an asset with a fixed return, people increase the proportion invested in the risky option the more they like the lottery. We find counter-examples to this, and in fact we...