Alfred Chandler wrote a great deal on finance capital in the development of big business. In making bold and provocative statements, he provided scholars with a variety of stimulating ideas. To a large extent, however, we still do not know whether Chandler's assertions were correct. Ultimately,...

To understand the potential economic implications of challenges from the real and financial sectors for the system of corporate governance - the social process that shapes who makes investment decisions in corporations, what types of investments they make, and how the returns from successful...

Franck Amalric opens the journal discussion with a short statement on his views on corporate responsibility followed by comments from members of the corporate world. Development (2004) 47, 3–8. doi:10.1057/palgrave.development.1100073

The purpose of this paper is to analyze the impact of the stock market on the innovative capabilities of high-technology companies that have been central to what in the last half of the 1990s came to be called the 'New Economy'. The empirical focus is on equipment suppliers in optical...

During the 1990s, corporate governance became a hot issue in all of the advanced economies. For decades, major business corporations had reinvested earnings and developed long-term relations with their labour forces as they expanded the scale and scope of their operations. As a result, these...