The accepted wisdom — that a lawyer who becomes a corporate director has a fool for a client — is outdated. The benefits of lawyer-directors in today's world significantly outweigh the costs. Beyond monitoring, they help manage litigation and regulation, as well as structure compensation to...

We study the effect of information technology (IT) investment and merger integration on the value derived from 118 mergers in the U.S. banking industry. We quantify integration depth based on expenditures in merger-related integration, and examine how pre-merger IT intensity of the acquiring...

Since April 2020, the U.S. Census Bureau has run the Small Business Pulse Survey to measure COVID-19 impact on small employer businesses: firms with at least 1 but no more than 500 paid employees with receipts above $1,000. The most recent public data were collected in October 2021 and...

This paper proposes a performance and cost measurement system that integrates the Economic Value Added criteria (EVA) with Process Based Costing (PBC). The EVA-PBC methodology allows us to implement the EVA management logic non only at the firm level, but also at lower levels of the...

The evolution of the COVID-19 crisis has brought unprecedented uncertainty more than one year into the pandemic. Although mobility restrictions have gradually eased and vaccination roll-out has started to pick up, institutions such as public health have continued to face immense pressure from...

There is extensive research addressing questions of optimal capital structure. Studies typically focus on estimating the appropriate level of debt and the factors associated with financial leverage. This paper addresses a slightly different question: how does a company's choice of leverage...

The word “startup” has become a buzzword in contemporary policies and public debate. Every year, a whopping 100 million startups begin their operations worldwide and hence have a profound impact on the economy they are operating in. Hence, there lies a dire need for governments to foster the...

Developed-country multinationals (DMNEs) have increasingly engaged in the practice of offshoring innovation to emerging countries. In this article, we leverage and extend the institution-based view to further our understanding of this phenomenon. Specifically, we examine the differential effects...

Offshoring of services (OS), commonly defined as the international relocation of service activities that companies previously performed in their home country, has emerged as a relevant phenomenon in international business (IB). Over the past two decades, OS has grown rapidly in the global...

Token Offering Launches (TOLs) of NFT-Cs (Non Fungible Token Collections) and Initial Coin Offerings (ICOs), have lately arisen as a novel and innovative financing vehicle for a versatile set of entrepreneurial initiatives, sparking economic and intellectual interest on a global scope. Even ICOs...