Corporate groups are found all around the world but their scopes, goals and effects might be very divergent. In this paper, we overview the existing international literature on corporate groups, and furthermore we pay special attention to European and Belgian corporate groups, where the presence...

Nonprofit organizations are traditionally assumed to dislike commercial activities. In the USA, they are however allowed to engage in commercial activities, but the income they derive from these activities is then subject to the so-called 'unrelated business income tax'. If NPOs do indeed...

The paper investigates the effect of four differently framed payment contracts on the agent's effort provision and performance in a real effort experiment. The four incentive payments are framed as a base wage and bonuses (one immediately pays bonuses, the other only after an initial...