We analyze the determinants of the compensation of private college and university presidents from 1999 through 2007. We find that the fraction of institutional revenue derived from current donations is negatively associated with compensation and that presidents of religiously-affiliated...

Since the 1970s, the relationship between productive property, and the state and individual has been contested in Marxist-Leninist nations. Though China has moved to permit robust private activity, and the private aggregations of capital in corporate form, Cuba has strictly adhered to...

The stakeholder principle represents a refinement of the more limited conception of business corporations as vehicles designed to promote the economic interests of their shareholders. It has gained significant recognition in corporate governance in the recent times. The stakeholder vision...

Social entrepreneurship -- a catch-all term meaning harnessing business practices for social good -- has attracted people who want to “do well while doing good” for decades. Advocates of the idea have succeeded in blurring the boundaries among legal ownership types and inspired...

Societal constitutionalism presents us with alternatives to state-centered constitutional theory. But this alternative does not so much displace as extend conventional constitutional theory as a set of static premises that structure the organization of legitimate governance units. Constitutional...

This paper seeks to understand what is to be regulated in market failure. Where the paper benefits but diverges from Polanyi’s analysis is to explore the global self-regulatory markets of today and to suggest that his differentiation of fictitious from socially-sustained (embedded) market...

This article shows how in-house lawyers' role has evolved to address the high cost of legal services and the traditional information asymmetry between lawyers and clients. The first stage of this evolution involved the expanding role of in-house counsel from intermediary between corporate...

Despite prior waves of privatization around the world, state ownership of enterprise remains significant. The focus of scholars and policymakers has accordingly shifted from the defense and promotion of privatization to the design and improvement of corporate governance practices in state-owned...

Wikileaks' traditionally debated tension: privacy versus security. It seems to me the debate should focus not on that tension at a very high level, but on individual accountability and responsibility versus the interests of the larger public. Do we really want a situation of 'no secrets' as some...

Natural laws that allows living things to become self-regulating and for social biota to become self-governing provide an evolutionary tested model for re-inventing corporate governance. The science of control and communication in the animal and the machine described as “cybernetics” can be...