This book has three main objectives: (a) to discuss the main implications that consumers' inability to make rational choices can have on the functioning of second pillars, (b) to describe how jurisdictions have tried to address these problems through ad hoc policy interventions, and (c) to...

The outcomes of near simultaneous bids for the news organizations Reuters Group plc and Dow Jones amp; Co. Inc. in 2007 hinged on mechanisms of corporate governance put in place at each company to protect the integrity and independence of the editorial operations. Neither company is a...

Since the corporate governance scandals of 2001 and 2002, the work of boards of directors has been dominated by board processes and compliance, with a corresponding reduction in the emphasis on value creation. This discussion paper proposes a model for board activities and raises questions about...

In most countries of the developing world such as India, Korea, and Thailand, business groups (or business houses) dominate the industrial scenario. We studied the linkage between financial performance and corporate characteristics (including their product diversity) of 240 large Indian business...

The doctrine of Corporate Social Responsibility (CSR) now enjoys widespread support. Companies are enjoined not simply to seek profit but to demonstrate their 'corporate citizenship' by working with a range of stakeholders to further environmental and social as well as economic goals. Pressures...

I have worked for many years as senior consultant and advisor for the majority of European Pulpamp;Paper companies, the majority of Nordic Packaging and Nuclear companies and other industries, and have found that values corresponding to billions of dollars are destroyed in the industry. Not...

A simmering debate in strategic management pits two conflicting views on the impact of corporate-level factors on affiliated business units. quot;Mainstreamquot; proponents hold that corporate effects on business performance are substantial, while quot;revisionistquot; proponents hold that...

This paper examines the determinants of mergers and bankruptcies using firm level data from Switzerland. We find considerable differences in the determinants of mergers and bankruptcies. Our results support the notion that mergers are often undertaken to seize growth opportunities

In the late 1990s, some economists announced that the American economy had fundamentally changed. According to this quot;New Economyquot; view, technological advances had brought on a higher sustained level of productivity growth, which allowed faster economic growth with less inflation. But...