Divesting assets owned in emerging markets has substantive consequences for the multinational corporation. We examine two dimensions surrounding the decision to divest a business in an emerging market: institutional effects impacting the timing of the divestiture, and the effects of the...

This paper shows how the uncertainty associated to the absence of a post-Kyoto regime regarding Greenhouse Gas mitigation is affecting investments in mitigation activities in the EU electricity sector and, thus, future emissions levels. Based on a wide survey of EU power companies, the paper...

There is a lack in analysing Third Sector from a philosophical perspective. It is very complicated to answer many questions that are arising: Why men are concerned to the problems other men are involved in? Which is the driving force of the Social Sector? Why are NGOs legitimated to support...

The paper applies and elaborates environmental and evolutionary theorising in the context of international research, development and demonstration (RD&D) cooperation. The theoretical framework of analysis lays particular emphasis on identifying and overcoming institutional barriers to...

Most companies in the world are owned by families, and a majority of them are registered in countries where the legal protection of minority shareholders is weak. Is family control the consequence of the lack of investor protection? It is known that agency problems among owners actually increase...

The strategic process in operations (SPO) is influenced by the increasing environmental dynamism in the marketplace. Considering organizational knowledge as the support of the whole strategic process, managers may choose their objectives based on previous experiences. Manufacturing strategic...

Reflecting on the question of who is the principal subject of social responsibility in the business sphere, Greenfield sets out a number of common assumptions among practitioners in the field and tries to dismantle them through a critical review of recent literature. Some of his reflections need...

Our study examines to what extent female and male entrepreneurs differ in the way they perceive and assess entrepreneurial success, measured by extrinsic or intrinsic dimensions. Our results indicate a number of similarities between men and women entrepreneurs but also reveal interesting...

From a reactive, antagonistic stance towards environmental regulations, many firms have evolved to act in a pro-active fashion to integrate environmental issues into their core strategies. Using measures of different corporate governance instruments that proxy for the ability of managers or...

We use the GRASP procedure to select a subset of financial ratios that are then used to estimate a model of logistic regression to anticipate financial distress on a sample of Spanish firms. The algorithm we suggest is designed "ad-hoc" for this type of variables. Reducing dimensionality has...