Executive pay is a major issue in the corporate governance debate. As well in practice as in theory debate still exists how executive pay levels and structures can be explained. This paper provides an overview of 16 theories that have been used in the literature to explain the phenomenon. The...

This paper examines the role of budgeting and decision tools in the strategizing and decision processes and their effect on future routines of the firm. It argues that some conditions must be fulfilled by the decision tools to facilitate the change of the firm routines. The reflection is...

In the United States, the level of concern over 401(k) fees is steadily increasing. However, very few employers understand the nature and scope of the retirement plan industry's business model. Not even the Federal Government fully grasps the issue. Understanding how hidden fees came about, and...

This paper explores the relationship between consumer behaviour, corporate social responsibility (CSR) and a set of socio-political and economic factors using a sample of nearly 90,000 stakeholders drawn from 30 countries over the period 2000-2003. We develop a set of hypotheses relating...

In recent years there has been increasing recognition of the marked national differences in approaches to accounting. What is less clearly appreciated is how accounting historiography is also fragmented into different national traditions, with diverse patterns and frameworks for reconstructing...

This paper looks at how companies might respond to the demands of stakeholders when developing Corporate Social Responsibility (CSR) strategies. Using empirical evidence across five countries we show that stakeholder expectations on CSR do not appear to conflict within countries but are...

In this paper we report results from a study which explores the impact of quality on performance in the financial services industry. Although some disagreement exists, the operations management, economics and marketing literature advocate a positive relationship between quality and financial...

We analyze and explore option fragility, the notion that option incentives are fragile due to their non-linear payoff structure. Option incentives become weaker as options fall underwater, leading to pressures to reprice options or restore incentives through additional grants of equity-based...

Tanulmányunkban először áttekintjük az immateriális tőke gazdasági és versenyképességi szerepével és ennek mérésével foglalkozó nemzetközi szakirodalmat, majd magyarországi autóipari és elektronikai leányvállalatok mintáján felmérjük, miként alakult az immateriális...

The present article focuses on the effective application of the Institutional Theory as a theoretical perspective in scientific studies. The particular goal is to present a literature review about the Institutional Theory applied to the tourism industry, particularly the wine tourism segment....