Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' - the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided this...

Firms falling short of earnings expectations are more likely to cite stakeholder-focused objectives in their public communications around earnings announcements. This behavior suggests that managers push to be evaluated by subjective stakeholder-based performance criteria when falling short on...

Spanish Abstract: El presente trabajo postula que bajo la terrible crisis mundial causada por la crisis sanitaria del Covid-19 subyace una crisis económica-financiera, derivada de un continuo de múltiples prácticas especulativas financieras en un entorno multipolar asimétrico y propulsor de...

Rationales for a stakeholder model of corporate governance are based on enlightened self-interest, moral imperative, and/or externalities. Of these, the externalities rationale holds the most promise to justify a stakeholder focus. Recent evidence, however, indicates that the benefits of a...

Effective capital decisions not only increase the operational efficiency of businesses but also is strategic to bring the enterprise's competitive advantages to the market. Using an appropriate debt ratio helps businesses to strike a balance between internal and external resources to compete...

The contemporary legal regime in the United States extensively shields corporate officers from prosecution for acts equivalent to criminality under law and societal norms. An earlier paper presented a conceptualization of corporate equivalencies to murder and assault. In this paper, I extend it...