Preface: The American dream -- The homewreckers : a cast of characters -- The salesman -- A squandered opportunity -- A run on the bank -- Life on Park Avenue -- The vultures circle -- A mortgage discovered -- Foreclosure machine -- ColFin AI-CA5 LLC -- Polo ponies and wine -- For infinity --...

This paper investigates how multinational firms choose the capital structure of their foreign affiliates in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of political risk, such...

Die wichtigste Lektion der Korruptionsprävention besteht darin, das Problem nicht einzelnen Personen in der Organisation, sondern vielmehr der Organisation selbst zuzurechnen. Aus unternehmensethischer Sicht lautet daher die entscheidende Frage: Wie konstituiert sich eine Organisation als...

In major legal orders such as UK, the U.S., Germany, and France, bribers and recipients face equally severe criminal sanctions. In contrast, countries like China, Russia, and Japan treat the briber more mildly. Given these differences between symmetric and asymmetric punishment regimes for...