This paper contributes to the current corporate governance debate through describing changes that have taken place in Nokia during the past decade. It can be seen that traditional ways of corporate governance and management do not apply for companies operating in a fast changing business and...

This paper explores the reputations of 63 German firms over the period 1988 to1998. It considers what factors may affect firm reputations, and how and whyreputations change over time. The reputation data come from Manager Magazin’ssurvey that is similar to the one compiled annually in the US by...

In this paper we explore the relationship between the individual decision to become anentrepreneur and the institutional context. We pinpoint the critical roles of property rights andthe size of the state sector for entrepreneurial activity and test the relationships empirically bycombining...

We model decisions with respect to formality or informality for entrepreneurs in a newindustry for a developing economy. We show that informality allows a leader to explore,without significant sunk costs, the potential profitability of the industry; that is, informality maybe a stepping stone,...

Ludewig and Sadowski (2009) empirically examine the economic value of organizationalcapital. They use a comprehensive panel data set from the Institute for EmploymentResearch (IAB) that provides standard information about inputs and outputs of theproduction process of German corporate...