Employees with valuable human capital are becoming the most essential asset in the era of global competition, and a great challenge for corporate governance is how to motivate them. Employees will increasingly be induced to participate in shop floor decision-making. This will gradually allow...

Why do the founding families of many East Asian companies hold on today-to-daymanagement Is there more going on than meets the eye? This paper uncovers the disturbing patterns of unfair internal transactions among subsidiaries to maximize the wealth of controlling families at the expense of...