Antitrust law has been adopted by 120 jurisdictions worldwide. In more than half of these jurisdictions, the agency charged with enforcing antitrust law also has other responsibilities. The assignment of multiple regulatory tasks can affect the performance of a competition agency in complex and...

We build a principal-agent-client model of corruption, allowing for heterogeneity in the value of public projects relative to the cost of monitoring their execution and for uncertainty of corruptors regarding the value of a project conducted. We derive the conditions under which officials with...

One of the main advantages of delegation is that specific department level information is used. Its main disadvantage is probably that central management looses direct control over certain actions. In this paper we challenge this widely accepted trade-off. We show that delegation might be...

There is a plethora of literature suggesting that Strategic Management Concepts have the capability of increasing firms’ value. Boards however only communicate with shareholders through corporate reporting which take less consideration of Strategic Management Concepts. There is therefore...

One of the major challenges that companies currently face is to become more customer-centric. There is limited evidence on how firms could accomplish such a strategy in a systematic and effective manner. This paper presents a case study of a fast-growing, multinational company that offers...

As the global financial crisis has shown, regulatory agencies can at times spectacularly fail to fulfil their regulatory mandates. Yet, the conditions under which governments respond to regulatory failures by terminating and replacing their regulatory agencies have so far remained largely...