Over the last few years, prosecutors and SEC enforcement attorneys have increasingly relied on settlement agreements (such as deferred prosecution agreements) to combat securities violations and other corporate criminal acts. Many of these agreements require the use of corporate monitors to...

This doctoral thesis examines the influence of relative performance and managerial incentives on corporate financial misrepresentation, and then tests the relationship between misrepresentation and subsequent operating performance, including the moderating effects of change in board composition...

The fiduciary norm, which prescribes agent behavior solely for the goal of the principal, without regard for other goals, is defined in the context of the theory of agency. The fiduciary program, a set of procedures for determining the principal's preferences and acting for them, is then defined...

The seeds for the 2007-09 financial collapse were sewn over many years and nurtured by ill-advised governmental housing policy, the presence of pervasive fraud both large and small and the widespread failure of personal integrity. A chronology of bad choices made by individuals and the...

This study explores the potential to use FIFA and men's World Cup football to advance LGBT rights. Transnational sporting organizations such as the IOC and FIFA operate largely behind closed doors. In secret agreements, the organizations leverage world audience to bend national governments to...

Culture is a potent force in shaping individual and group behavior, yet it has received scant attention in the context of financial risk management and the recent financial crisis. I present a brief overview of the role of culture according to psychologists, sociologists, and economists, and...

We draw on new data and theory to examine how private market contracts adapt to serve multiple goals, particularly the social-benefit goals that impact funds add to their financial goals. Counter to the intuition from multitasking models (Holmstrom and Milgrom, 1991), few impact funds tie...

Three major power systems are described: The ‘inclusive' totalitarian system, the ‘non-inclusive' bureaucratic system, and the ‘exclusive' plan targeting system. The totalitarian system is aiming at controlling the whole population of a social system and based on resource exploitation. The...

We used metaphors to explain several processes in organizations over the years. The metaphorical analysis allows us to transfer concepts from one domain of knowledge to another, improving our understanding of organizations. As a psychological process, we analyzed creativity through the lenses of...

The paper analyzes the process of global diffusion of Corporate Social Responsibility (CSR) in the oil industry and how interactions between different actors have contributed to this outcome. It starts from the empirical puzzle that CSR has spread globally among transnational corporations since...