(WP 09/04 Clave pdf) Based on responses from 159 owners-managers in family firms, we examined the association between specific individual characteristics, firm characteristics, and the individual psychosocial outcomes of satisfaction, intentions to exit, and perceived fit. Hierarchical...

China´s entry into the global economy is universally accepted as a defining feature of this new century. Much debate has focused on the impact its economy is having on world market prices, both as producer and consumer. This ´China Price´ effect puts tremendous pressure on Western...

(WP 12/04 Clave pdf) Enterprise systems (ES) can be considered as a novel phenomenon for the information system research and other academic fields (e.g. operations and supply chain), which has opened an immense potential and opportunities for research. Although the interest of the scholars on ES...

In this paper I study empirically the industry and firm characteristics that determine the level of corporate antitakeover protection. I find that the level of antitakeover protection is negatively associated with the level of firm-specific organizational capital and with stock market...

We study delegated portfolio management when the manager´s ability to short-sell is restricted.Contrary to previous results, we show that under moral hazard, linear performance-adjusted contracts do provide portfolio managers with incentives to gather information.We find that the risk-averse...

(WP33/02 Clave pdf) The relations between the organizations and their employees are governed by a highly complex framework of motives and perceptions difficult to unravel. As a result of the daily practice of such relationship, there is a permanent exchange of individual efforts and incentives...

Applying a behavioural approach of agency theory, this paper aimed to identify the most appropriate employment and compensation system (ECS) for supply chain executives in order to foster supply chain integration. We attempted to develop a novel approach of how encourages supply chain...

System transitions are complex societal co-evolutionary processes that are typically led by gradual adaptation rather than visionary management or coordination. Still, visionary coordination of policies, regulation, corporate strategies and social learning may overcome some barriers and foster...

We study the market price reaction and liquidity impact that firms experience when they are incorporated into the differentiated corporate governance listing segments of the Sao Paulo Stock Exchange. The Brazilian market is of special interest since it allows us to analyze the effect of improved...

We introduce a family of goodness-of-fit statistics for testing composite null hypotheses in multidimensional contingency tables of arbitrary dimensions. These statistics are quadratic forms in marginal residuals up to order r. They are asymptotically chi-square under the null hypothesis when...