After an overview of theory for organizations based on data derived from individual members, we review the problem created by this traditional "methodological individualism" perspective and offer an alternative theory based on the mathematical physics of interdependent uncertainty for both...

Corporate debt in emerging markets has risen significantly in recent years amid accommodative global financial conditions. This paper studies the relationship of leverage growth in emerging market (EM) firms to U.S. monetary conditions, and more broadly, to global financial conditions. We find...