Economic theory suggests several plausible reasons why firms may employ hurdle rates for capital investment appraisal that differ from discount rates. Using a sample of business units from the PIMS data bank of North American companies we find that hurdle rates are frequently below and also...

The “knowledge governance approach” is characterized as a distinctive, emerging approach that cuts across the fields of knowledge management, organisation studies, strategy, and human resource management. Knowledge governance is taken up with how the deployment of governance mechanisms...

Recent studies have focussed on the characteristics and policies of the state to explain the extent and causes of corruption, with little attention paid to the role played by firms. Consequently, the links between corporate governance and national governance have been unexplored. This paper...

In this work we redefine governance in a way that goes beyond the traditional separation between power and control in a multi-stakeholders model setting. Governance is defined as a sustainable/ecological process of power sharing and legitimacy acquisition both within and outside the company. Our...

The main purpose of this study is to investigate how regulation, competition, governance structure, and business diversification strategy affect the cost structure of firms. By using 358 observations comprised of public utility firms and manufacturing firms from 1989 to 2002, we estimate the...

This paper presents empirical results of the effects of board structure and composition on individual board level performance using data from New York City nonprofits. The results support a model of executive behavior in which the nonprofit executive uses his or her power to push boards towards...

This paper gives a game-theoretical treatment of the institutional homogenization of value-oriented firms. It explains why intrinsically motivated, value-oriented firms like non-profits may become similar to for-profit firms in terms of organization and norms. It highlights and explains the...

IT-Compliance bezeichnet einen Zustand, in dem alle, die IT des Unternehmens betreffenden und verbindlich vorgegebenen bzw. als verbindlich akzeptierten Vorgaben nachweislich eingehalten werden. Sofern die Vorgaben aus Gesetzen stammen, bedeutet dies, dass sich Unternehmen an geltendes Recht zu...

In diesem Arbeitspapier werden Regelwerke betrachtet, aus denen rechtliche Vorgaben für die IT des Unternehmens resultieren. Dies umfasst Gesetze und Rechtsverordnungen, Verwaltungsvorschriften, referenzierte Regelwerke und Urteile sowie Verträge. Die wichtigsten in der Praxis relevanten und...

IT-Compliance bezeichnet einen Zustand, in dem alle die IT des Unternehmens betreffenden und verbindlich vorgegebenen bzw. als verbindlich akzeptierten Vorgaben nachweislich eingehalten werden. Sofern die Vorgaben aus Gesetzen stammen, bedeutet dies, dass sich Unternehmen an geltendes Recht zu...