In the aftermath of the financial crisis, one of the most topical research questions is what caused it. We argue that one of the causes is the insufficient theoretical background employed in most valuation cases. Over the last six decades, there has been constructive debate between the...

The task of strategic corporate management and governance is to deal with the decline in complexity between market and company in a way that the requirements and effects of market complexity will adequately be matched by corporate complexity in order to secure the long-time survivability of the...