The freedom to make contracts is a liberating feature of commercial life, yet too often contracts turn into tyranny, when haggling over fine print makes two sides mis-trust each other. This problem, and some solutions, are explored in this chapter from Margin of Trust: The Berkshire Business...

Wir untersuchen das Ausscheiden von Vorstandsmitgliedern, insbesondere hinsichtlich verschiedener Arten von weiteren Vorstands- und Aufsichtsratsmandaten der Aufsichtsratsmitglieder. Es werden alle Vorstandsmitglieder der größten deutschen Aktiengesellschaften im Zeitraum 1996 bis 2008...

This paper empirically investigates the antecedents of internationalization of SMEs, focusing on differences between the manufacturing and service sectors. Specifically, employing a bivariate probit model based on survey data of approximately 3,900 East German firms, I analyze which firm-related...

This paper analyzes the main drivers of external competitiveness in times of crisis for small and medium enterprises (SMEs). We focus on the Italian experience in the midst of the financial and sovereign-debt crisis, and present robust evidence based on a comprehensive survey of Italian...

Although the resource-based view (RBV) of the firm is one of the most accepted theories of strategic management, it has been criticized for its limited empirical support. The RBV basically predicts the relationship between the firm's resources and its performance. This study argues that it is...

This paper empirically investigates the antecedents of internationalization of SMEs, focusing on differences between the manufacturing and service sectors. Specifically, employing a bivariate probit model based on survey data of approximately 3,900 East German firms, I analyze which firm-related...

We investigate executive turnovers with focus on different kinds of outside board memberships of supervisory board members. The analysis is based on all management board members of the largest German corporations during the period from 1996 to 2008. Cox proportional hazard estimations suggest...

Serbian Abstract: У чланку се разматра коришћење двају приступа анализи солвентности предузећа – традиционалног, заснованог на показатељима из биланса стања и биланса...

We consider the formation of alliances that potentially create complementarities, that is, when the value function is super-modular in firm resources. We show that, in a frictionless world where information is perfect and managers optimize, firm alliances disproportionately increase the value of...

Firms engage in mergers for many reasons, some of which create value for both the firm's shareholders and society, some that create value only for the firm's shareholders, and some that fail even to do that. A considerable body of research concludes that most mergers do not create value for...