We evaluate the impact of firm-level corporate governance provisions on the valuation of firms in a large cross-section of countries. Unlike previous work, we distinguish between governance provisions that are set at the country-level and those that are adopted at the firm-level. We find that...

This article examines the relationship between "economic freedom" and economic growth. Previous studies have found a positive relationship between economic growth rates and "economic freedom", and used this relationship as a basis for arguing that more liberal economic policies promote...

We introduce endogenous leadership in a game between government and firms, in which the government has short-run commitment power only and firms choose when to invest. We show that firms that delay investment in the absence of government intervention have an incentive to invest early and...

The article advances the argument that there is a great need for reconsidering States’ role in regulating socio‐economic, environmental and political spheres. The period of the collapse of communist economies has seen the private market led system being seen as rational. State intervention...

Purpose: Fifteen per cent of Australian family firms survive beyond the third generation; a mere 4% survive beyond the fourth generation. The purpose of this research is to examine the success stories; four family firms that have survived beyond two generations and are thriving. What has allowed...