Bruce Nolop retired in 2011 after a 35-year career as an investment banker and corporate executive, including more than a decade as chief financial officer of Pitney Bowes and E*TRADE Financial. He has been a board member of Marsh & McLennan since January 2008 and currently serves on the audit,...

In this major reinterpretation of the evolution of the American corporation, Mark Roe convincingly demonstrates that the ownership structure of large U.S. firms owes its distinctive character as much to politics as to economics and technology. His provocative examination addresses essential...

Corporate finance encompasses all of a company`s decisious that have financial implications. Thus, there is a corporate financial aspect to almost every action taken by the company, no matter what functional area claims responsibility for it. Companies that allocate resources to good projects,...

<DIV><P>In 1901, two titans of American railroads set their sights on the Northern Pacific. The subsequent battle was unprecedented in the history of American enterprise, pitting not only James J. Hill against Edward Harriman but also Big Oil against Big Steel and J. P. Morgan against the Rockefellers,...</p></div>

This paper proposes a new empirical measure of cooperative versus conflictual crisis resolution following sovereign default and debt distress. The index of government coerciveness is presented as a proxy for excusable versus inexcusable default behaviour and used to evaluate the costs of default...