Purpose – Lessons from the most recent financial crisis show specific vulnerabilities of financial markets due to weaknesses in the structure of the financial system (structural fragility). As the literature points out, the impact of systemic risk can be closely related to issues of...

Two issues have dominated the recent employment experience of the major industrial countries: first, the common rise in unemployment throughout the OECD; second, the diversity in the scale and content of that rise as between, on the one hand, the core of the European Union and Australia, and, on...

Purpose – The purpose of this paper is to examine proposals for a Tobin tax to curb currency speculation in global markets. Design/methodology/approach – Financial markets are viewed from the perspective of Michel Serres. Findings – Managing volatility is really about managing...

Purpose – The purpose of this paper is to explore the prospects for and some foreseeable consequences of more intensive enforcement action against insider trading in the context of the UK, within the EU and international contexts. Design/methodology/approach – The approach adopted is...

Purpose – This paper aims to explore the linkages between greed and governance failures in both financial institutions and financial markets. Design/methodology/approach – The paper described how innovation changed the US financial system through an analysis of recent events, and employs the...

Purpose – The purpose of this paper is to provide a comprehensive review of organizational crisis and organizational change management and to provide a guide to crisis prevention, management and recovery by highlighting critical actions to be taken during each stage of an organizational...

Purpose – The purpose of the study was to provide empirical support for the Miller model. The paper proposes the use of the ratio of individual to institutional holdings as a proxy for heterogeneous expectations of security returns. Design/methodology/approach – Both bivariate t‐tests and...

Purpose – It matters to be aware of the important direct or indirect role of the financial markets in the human development dynamics in a globalizing world. The purpose of this paper is to identify some main inter‐relations in the socio‐economic system. Deterministic technical factors are...