This study investigates whether the competence of central bank governors affects the stability of the financial system they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with data on financial stability and the macroeconomy, the...

This study investigates whether the competence of central bank governors affects the stability of the financial system they are responsible for. Using publicly available information about central bank governors from 2000 to 2016 together with data on financial stability and the macroeconomy, the...

The global financial crisis of 2008 illustrates the recent notion of a "Predatory economy" (Galbraith, 2006). This begins to answer the question of why near catastrophic corporate malfeasance exists with serious damaging consequences to the global financial system and the real economy. Indeed,...

While the social and economic impacts of how disclosures are presented are well-understood, it is less clear how disclosure decisions unfold throughout the annual reporting cycle. We study this issue by exploring the experience of interpreting and implementing corporate reporting rules, focusing...

The pragmatic theory begins with clarity about the firm's purpose; asserts that knowledge-building proficiency is the primary determinant of a firm's long-term performance; stresses systems thinking; and connects firm performance to market valuation and shareholder returns via long-term, life-cycle...

Smith v. Van Gorkom led to the death of the duty of care for directors of public corporations in the United States. Nothing in Smith justifies this "drastic" change in American corporate law. On the contrary, once Smith is viewed in accordance with the narrative proffered in this article, it...

The corporation is one of the most important institutions in contemporary society, yet it is an incoherent and under theorised construct. Debates about corporate models tend to ignore the important social and political implications of the various models, and among other things, the public...