Purpose – To study the perception of dividends by the professional investor, for whom mutual fund managers are a proxy. The main line of research in dividends is based on using market data that are fit, ex post, to a cherished hypothesis. It is believed, however, that such data cannot measure...

In this paper I argue that downsizing, the equivalent of throwing tens of thousand of workers to the street, and scandals, resulting from unsavory, illegal, and often criminal management practices have similar results as far as society should be concerned. Strangely, however, while the former is...