This paper reports the preliminary work under way to analyse the composition of public spending in response to increased economic openness in the advanced industrial societies over recent decades. The compensation hypothesis predicts that public spending will rise in response to greater...

Investor relations are costly activities undertaken by firms to align the expectations of the shareholders with that of the company. These activities involve interactions with investors and analysts as well as voluntary information disclosures intended to reduce information asymmetry while...

Researchers and companies are paying increasing attention to corporate social responsibility (CSR) programs and the reaction to them by consumers. Despite such corporate efforts and an expanding literature exploring consumers’ response to CSR, it remains unclear how consumers perceive CSR and...