This paper argues that corruption patterns are endogenous to political structures. Thus, corruption can be systemic and planned rather than decentralized and coincidental. In an economic system without law or property rights, a kleptocratic state may arise as a predatory hierarchy from a state...

This paper estimates a trivariate two-factor conditional version of the Intertemporal CAPM of Merton (1973).

In the debate on globalization it is often argued that multinational corporations (MNCs) have gained increasing power due to their growth and due to new global or transnational structures and strategies.(...)

The paper documents and analyses the rise of a transnational transport and logistics industry within the European Union...

In an increasingly global business environment, managers must interact effectively with people who have different values, behavioral norms, and ways of perceiving reality. Many jobs now entail an international dimension, so the need to develop intercultural competences has taken on a greater...

The divergence between increasingly supranational financial marketson the one hand and still largely national supervisory structures onthe other gives rise to tensions which reduce the effectiveness ofthe supervision.(...)

Die Förderung von Entrepreneurship und eines günstigen Umfelds für die Wirtschaft, insbesondere für Klein- und Mittelunternehmen, ist von entscheidender Bedeutung für das Wirtschaftswachstum, den Strukturwandel und die Wettbewerbsfähigkeit in der Europäischen Union.Die Europäische...