Contemporary American property scholarship is sceptical of Locke's theory of labour. Robert Nozick (in Anarchy, State and Utopia (1974)) and Jeremy Waldron (in The Right to Private Property (1986)) are both assumed to have discredited Locke's conception of labour. Locke's theory seems incoherent...

Yvon Chouinard, founder of Patagonia, stated that "benefit corporation legislation creates the legal framework to enable mission-driven companies like Patagonia to stay mission-driven through succession, capital raises, and even changes in ownership." This article uses Patagonia, one of the most...

Raiding along with corruption is the number one problem in Russia. Raiding is a hostile takeover that manifests a fight for property or other valuable assets that often involves corruption and fraud. In addition to production facilities, real estate and land are major targets of raiders. Raiding...

This paper studies the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. In contrast to existing approaches, the acquisition price and the profits under both...

This paper studies the effect of technology spillovers on the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. We find that with quantity competition a...

This paper studies the effect of technology spillovers on the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. We find that with quantity competition a...

This paper studies the entry decision of a multinational enterprise into a foreign market. Two alternative entry modes for a foreign direct investment are considered: Greenfield investment versus acquisition. In contrast to existing approaches, the acquisition price and the profits under both...