This paper examines when and how a critical mass of social and political stakeholders mobilizes against a corporate organization, and the impact of such mobilization on the value of the organization. We examine the conditions and dynamics that explain whether an isolated, stakeholder-initiated...

Checks and balances that limit the discretion of policy-makers reduce the volatility of government expenditure and revenue. While this assumption is at the heart of a large body of empirical work, the association between political institutions and policy volatility has itself been the focus of...