In the current business environment organizations are under increased pressure to ensure that they are taking appropriate measures not only in creating value, but also in preserving value. This is required in order to adequately safeguard and defend the interests of their multiple stakeholders....

An effective system of rules, practices and processes by which Islamic Financial Institutions (IFIs) are directed and controlled to ensure their business operations are Shariah-compliant has important implications on their reputation and their future growth. The Shariah Committee is a mandated...

In the history of global economic growth and development, the year 2008 had set the pace of recession and almost all countries of the world and enterprises were struggling to come out of the grips of recession. The question of their survival rested on meeting a variety of challenges; grab the...

The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...

This paper aims at accomplishing three objectives while drawing attention to the speed of adapting international management practices in emerging markets. Firstly, we summarize 67 extant review studies on entry-mode/internationalization, mergers and acquisitions (M&A) and diversification....

We examine the relation between family presence and corporate investment policy. Our analysis centers on two incentives that potentially lead to differences in investment policy between family firms and nonfamily firms: family owners' risk aversion and their real option to invest. Our findings...

Since its publication the book "Corporate Defense and the Value Preservation Imperative: Bulletproof Your Corporate Defense Program" has been critically acclaimed by a host of distinguished corporate commentators.It has received a wide spectrum of positive feedback from an eclectic mix of...

This study investigates the intragroup flows of brand royalties within large Korean business groups, known as chaebols. We find that member firms pay a greater amount of brand royalties when the business groups they are part of adopt a holding company governance structure, consistent with the...

While the literature appeals to efficiency arguments from agency theory to explain the relative rise of CEO equity compensation, prior work has given less focus to CEO pay contracts based on equity and cash incentives that directly (analytically) maximize the total return of firm owners. The...

We explore the relation between family ownership and corporate investment policy. Our analysis centers on two incentives, risk aversion and extended investment horizons, which potentially influence the level and type of investments that family firms undertake. We find that family firms devote...