Departing from prior work that demonstrates the stickiness and stability of alliance networks resulting from embeddedness, we extend matching theory to study firms' withdrawal from alliances. Viewing alliance withdrawal as a result of firms' pursuit of more promising alternative partners –...

In the wake of global recession, governments worldwide face increasing pressures to assist ailing domestic industries, especially companies deemed "too big to fail." The auto sector provides an excellent illustration of the tensions between the need to rescue ailing domestic producers without...

In 2016, the International Maritime Organization (IMO) decided on global regulations to reduce sulphur emissions to air from maritime shipping starting 2020. The regulation implies that ships can continue to use residual fuels with a high sulphur content, such as heavy fuel oil (HFO), if they...

The last weeks of 2018 have set new records in net new institutional investment flows into infrastructure funds, with more generalist private equity and investment management players joining this strategic asset class par excellence, as the trend is likely to continue well into 2019 – 2020.The...

The sixth annual World Pensions Forum was held on 23-24 February 2017 at the Queen's House in the Royal Borough of Greenwich.Over 120 representatives attended: from pension and sovereign funds, central banks and government agencies including financial regulators. Topics discussed included...

Shipping is the sector of the economy via which approximately 85% of all world trade is transported and which is technologically developing with enormous leaps. Its digital transformation has highlighted new opportunities, but at the same time new threats. Due to the great demand from the...

The 1982 LOS Convention locked in the quot;Thames Formula,quot; an approach that assigns primacy to flag States in implementing and enforcing the international maritime regime. Decades of experience have demonstrated that the balance of interests struck by the Thames Formula fails to meet the...

In the last years, sustainable travels have included bike tourists visiting cities to enjoy cultural and urban environments. Yet, when considering cycling tourists' intra-destination trips by motorized vehicles, the extent of greenhouse gas (GHG) emissions could reduce the sustainability of...

High-speed rail is a new mode of intercity passenger transportation. The article reviews the history of the United States' (US) HSR development and makes a comparison with peer countries' HSR development. With the rapid progress of HSR and the successful competition with cars and air travel...

In the last years, sustainable travels have included bike tourists visiting cities to enjoy cultural and urban environments. Yet, when considering cycling tourists’ intra-destination trips by motorized vehicles, the extent of greenhouse gas (GHG) emissions could reduce the sustainability of...