The purpose of this research is to explore the motivation of business group firmsto adopt pyramidal ownership structures. The traditional approach claims that pyramidsare useful in tunneling resources to other affiliates by transferring value to firms withhigh cash flow rights of controlling...

This thesis is a contribution to our understanding of business groups in the small busi-ness sector. Specifically, its aim is to verify to what extent the consideration of entrepre-neurial processes can advance our understanding of this phenomenon. A ‘business group’ is a set of companies...

Using novel data on European firms, this paper investigates the relationship between business groups and innovation. Controlling for various firm characteristics, we find that group affiliates are more innovative than standalones. We examine several hypotheses to explain this finding, focusing...

Business groups are an important aspect of the industrial organization of many developing countries. This paper develops a theory suggesting that they may be organizations that facilitate modernization in the presence of financial market constraints. An important function of the stock market is...

University of Minnesota Ph.D. dissertation. August 2010. Major: Sociology. Advisor: Professor David Knoke. 1 computer file (PDF); v, 141 pages.

El sistema bancario español sufrió un importante proceso de reestructuración entre 2009 y 2011 basado en la consolidación de las cajas de ahorros. El diseño de este programa permite estudiar el efecto de dos mecanismos de consolidación (fusiones o adquisiciones convencionales y sistemas...

The aim of this paper is to explain Australian R&D capitalisation and voluntary disclosure. It is argued that the discretionary choices available to management in Australia with respect to the accounting for and the disclosure of R&D expenditure and activities can be explained by the reduction...

This study addresses the discretionary capitalization of R&D costs in Australia and Canada. We demonstrate, for both samples, that the discretionary capitalization of development costs (hereafter capitalized D) by the manager results in balance sheet and income numbers that are more highly...

The paper tracks the fate of content as it passes across three grids of understanding: across the grid of ‘culture’, of ‘services’, and of ‘knowledge’. These grids also serve as historical and/or possible rationales for state intervention in the creative ndustries, as well as...

We investigate whether the use of a high quality auditor and increased regulatory monitoring of R&D reporting influence both the level of R&D expenditure capitalized by Australian companies from 1992 to 2002 and the market’s perception of the reliability of these figures. The results indicate...