This paper investigates economies of scope in the US insurance industry over the period 1993-2006. We test the conglomeration hypothesis, which holds that firms can optimize by operating a diversity of businesses, versus the strategic focus hypothesis, which holds that firms can best add value...

Today the largest U.S. company in terms of market capitalization, Apple, which recently hit the $1 trillion mark, could lawfully merge with the second largest company, Amazon (which has ~$800 billion in market capitalization) and also with other incredibly large firms (e.g., Exxon/Mobil and JP...

Over the past two decades, Canada's economic and geopolitical power position in the world system has been transformed. While Canada has long been viewed as a dependent and subordinate periphery of the U.S. Empire, recent research suggests that Canada is an active, expansionist and...