Snapchat's initial public offering, which provided shares with no voting rights, is a culmination of the growing trend of dual-class shares. It contradicts the precept of one-share, one-vote that is essential for corporate democracy. Snapchat's action caused uproar among influential investors....

The idea of a flattening world has captured the public imagination, yet the income gap between rich and poor countries has widened. The net effect of these two trends on the speed of new product diffusion across the world has remained an open question. This study provides an answer by analyzing...

Competition is intense among rival technologies and success depends on predicting their future trajectory of performance. To resolve this challenge, managers often follow popular heuristics, generalizations, or “laws” like the Moore’s Law. We propose a model, Step And Wait (SAW), for...