This paper introduces a model seeking to explain the discretionary write-downs, write-offs, and other restructuring provisions reported by managers. The model comprises a firm, a manager, and a financial market. The firm is about to be restructured. The manager has some private information about...

The last decades have seen a dramatic increase in litigation against auditors. This paper introduces a model, in which auditors differ in their levels of skill, where differences in levels of skill may or may not be observable and reflect differences in knowledge or audit technology. This model...

This paper sets out a theoretical perspective for understanding the emergence of innovations across multiple hierarchical levels, namely, the innovator, the organisation and the industry network. The perspective is emergentist, drawing on complexity theory, and considers innovation as the...

This paper addresses the relationship between foresight and entrepreneurship. It characterises the foresight inherent in entrepreneurial activity as situated within particular discourses, or communities of practice (CoPs) in a range of structures. The argument is based on the use of complexity...

This paper uses newspaper articles to construct an account of the meteoric rise and eventual fall from grace of Takafumi Horie, a Japanese Internet entrepreneur. This trajectory is explored through a qualitative methodology that analyses the content of articles in international newspapers...

This paper investigates whether M&A operations influence the performance of banks. Using a sample of 714 deals involving EU acquirers and targets located throughout the world over the period 1991-2005, we investigate whether M&A operations are associated with improved performance (using both...