Information and communication technologies are transforming economies and societies around the world. In this respect, E-Commerce has the capability to build a new global economy. That is why government, industries, non-profit organisations, trade unions and consumers would like to come together...

When potential shareholders cannot observe the business conditions of the firms, the latter desiring to acquire capital by an IPO and operating under less favourable business conditions have a strong incentive to appear more successful.

Despite the world-wide stock market breakdown of the internet economy in the year 2001, the new information and communication technologies will enable firms to integrate world-wide e-commerce in their business. This will facilitate the entry of firms in every connected country into international...