This set of two essays addresses questions about the impact of SFAS No. 131, which provides the current GAAP for segment reporting. Many firms enhanced their segment reports in compliance with SFAS No. 131, while some did not. The first essay documents the impact of the new standard on the...

Although entrepreneurs of promising start-ups (Bhide, 2000) usually started their venture without novel ideas, deep experience, high credentials, or ample resources, the companies they eventually built represent the majority of fast-growing, privately held businesses (e.g. Inc. 500 companies) in...