The paper identifies and analyzes the four main fault lines which will influence the next decades of global philanthropy. All are related to what we can refer to as "the market revolution in global philanthropy". As global philanthropy moves beyond grantmaking, into investment approaches that...

Adopting an International Sustainability Standard (ISS) helps firms improve their sustainability performance. It also acts as a credible market “signal” that legitimizes firms’ latent sustainability practices while improving their market value. But how do these signals function when firms...

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since the outcomes of primary studies are largely incomparable with respect to the magnitude of the effect, our analysis focuses on the direction and statistical significance of the...

This paper studies the effect of common ownership on the investment choices of firms that operate across two independent markets. Specifically, we develop a general duopoly model where symmetric firms allocate a limited budget for profit-enhancing strategic investments across the two markets. We...

Why do lawyers in some jurisdictions continue to ‘automatically’ exclude the 1980 UN Convention on Contracts for the International Sale of Goods (CISG) in their choices of law for international sales contracts? Why do lawyers in other jurisdictions approach the decision very differently? Why...

A known policy dilemma occurs between the need to curb extra-large profits by some industries, like pharmaceuticals, and the need to ensure the incentive to produce is not damaged. This paper shows that a profit cap, imposed via taxation on a group of firms, can simultaneously eliminate...

In this article we want to give our answer to the question about if and how corporate foresight can increase the likelihood that we move toward sustainability – both on a company and a societal level. We propose a framework that links barriers to sustainability with corporate foresight methods...

This study explores the impact of societal trust on the economic behavior of nonprofit organizations. Although prior studies reveal that trust has a positive impact on the economic behavior of for-profit firms, the institutional differences between the two organization types make it unclear...