We examine whether corporate governance matters for firms facing financial distress by investigating the failure rate of Internet firms after the Internet shakeout. We theorize that financial crisis changes the relative costs and benefits of governance mechanisms. As a result, we suggest that...

Mandatory information disclosure regulations seek to create institutional pressure to spur performance improvement. By examining how organizational characteristics moderate establishments’ responses to a prominent environmental information disclosure program, we provide among the first...

Where legal systems and market forces enforce contracts inadequately, vertical integration can circumvent these transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption. Vertical integration might then enhance returns to political...