This paper studies how CEO pay and its composition is shaped by strategic factors related to the firm's capacity to generate rents and value, the uncertainty of its resource advantage, and the competitive interaction between firm stakeholders and top management. This is done using an analytical...

The article aims at providing a linguistic and comparative perspective on financial markets governance by investigating the meanings and legal categories underlying the term “securities” in a multilingual society. It first illustrates how the term “securities” is not a straightforward...

The dispute settlement system of the WTO was faced with major challenges in its first few years. It has functioned very well in spite of serious pressures from the sheer number of cases that were brought; the increasing complexity and economic significance of disputes; the strict,short...

The fundamental aim of our analysis is to explain the microcredit impact for the exclusion. Otherwise, excluded is an unemployment that needs a job to live. Micro finance considers a market to employ outreach with micro loan product. Then, their beneficiary found a solution to be included in the...

We investigate the conditions for the desirability of exclusive intellectual property rights for innovators, as opposed to weak rights allowing for some degree of imitation and ex-post competition. The comparison between the two alternatives reduces to a specific "ratio test," which suggests...

For approximately eight years, Whole Foods Market, Inc. [Whole Foods] CEO John Mackey posted messages to Yahoo! Financial online message board for Whole Foods. Rather than using his real name, Mr. Mackey like many posters to chat rooms, created an online alter ego and posted his comments under a...

The top news story of November was the indirect polemical dispute between Vladimir Putin and Dmitry Medvedev, centered on the RF Investigative Committee's attempt to restore at least one of its previous established powers – the right of investigators to open tax fraud cases without a request...

In November, the following amendments were introduced into the legislation: the federal law determining the legal status, authorities and functions of the Russian Research Fund was signed; the procedure for licensing of educational activities in the Russian Federation was updated

In September, the following amendments were introduced into the legislation: the amounts of the initial contract price were determined so that a participant in the purchase was obliged to provide a customer with additional information in case those amounts were exceeded; a decision was made to...