La hipótesis central que se pretende argumentar es mostrar que ante una economía globalizada el fin principal de una empresa competitiva es satisfacer las necesidades del consumidor; de ello dependen sus resultados financieros y su vocación innovadora. Para comenzar se define lo que esla...

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...

Past literature suggests that success rates in professional basketball are independent of past performance and has been interpreted as evidence that the commonly-shared belief in Hot Hands (HH) is a cognitive illusion. This is often cited as evidence of biased decision-making even when financial...

We have theoretically developed New Venture Capital Investing Decision Making Mechanism (NVCIDMM) for joint evaluation of the probability of success of business plans and proposing management teams. Using the efficient market theory we prove that the proposed mechanism is better than the...

This paper investigates micro-macro links in stock markets. Empirical investigations on individual investors' decision-making and interactions are used to formalize agent rules for an artificial stock market. Simulation of the social interactions of multiple agents in this market generates macro...

Exploding offers, as opposed to normally expiring offers, are coercive, ethically questionable tactics where very often, a more powerful offeror places unreasonable pressure on an offeree to accept the deal on the table. Such offers typically quot;explodequot; or disappear in an unacceptably and...

Existing work on the costs of insecure property has largely focused on the overexploitation problem of common pool resources. We investigate other costs of insecure resources -- including uncertainty costs, lack of tradability, and conflict -- within a setting in which adversaries compete for...

The analysis of strategic alliances has developed from a number of perspectives both theoretical and pragmatic. This has led to a diversity of definitions of what constitutes a strategic alliance. The authors consider the existing definitions and highlight inconsistencies. Furthermore the...

This article evaluates Herbert A. Simon's contribution to organization theory, placing special emphasis on the criterion of bounded rationality. Simon's criticism of the orthodox version of organizational bureaucracy is interpreted and his analysis is extended to institutional economics. One of...