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... of changes in organizational and capital structures (Bergh, 2001; Bowman & Singh, 1993; Fil...By drawing on the basic tenets of institutional theory (DiMaggio & Powell, 1983; Meyer & Rowan, 19... stock valuation, which is a measure of the market's perception of firm value (Prevost & Rao, 2000; R...
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This paper attempts to address the essential legacy of Kenneth Galbraith (1908-2006) spread over a broad range of subjects. Galbraith is a forerunner of the most popular, imaginative and idea creating economic writers of the last century. His economic eyes were the first to discern the historic and institutional forces behind the countervailing powers of big business and big unions, the culmination of techno structure in the land-capital dominance of the evolution of factors of production, the pairing of buyers and sellers for market clearance in disequilibrium, and as Milton Friedman stated, the only person who has made a serious attempt to justify price and wage controls.
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... troubled by the commercial real estate market, while many smaller banks fell victim to losses in... 'extract their pound of flesh' on institutional performance and place additional banks at risk. . ... use the breadth and depth of their capitalization to survive, and even prosper, in spite of the cont... Network) to search for predictive structures in financial data that would explain previous bank...
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... constrains morally appropriate institutional power. Institutions express respect for persons on... with sufficient scope and force to structure a person's membership in public life. Second, a pe... is a structural feature of capitalist economic development that has gathered pace recent... primarily by the norm of competition for market share that requires firms to innovate ceaselessly ...
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..., however, presents a problem of "institutional collective action" (Feiock 2004). Local and region... characteristics shape the incentive structure of local officials and influence decisions on inte... agreements may include large capital investments and financial risk, which can reduce t... perspective on self-organizing mechanisms: Market failures and transaction cost problems. In Self-or...
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... personal choice, voluntary exchange, open markets, and clearly defined and enforced property rights.... and policies compare with the idealized structure implied by standard textbook analysis of microecon... exchange; and (5) regulation of capital, labor, and business. The components in areas 1, 3...Institutional quality may be much the same. If any of the key pa...
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... information costs, input/product market factors and others. . In this paper we are present... considered are characterized by institutional, cultural, and economic factors that are significa...
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... of the rating agencies in the financial market is too great and supervisory authorities are unabl... financial institutions (Hill, 2004) or capital markets (Millon & Thakor, 1985). The lack of discl... by corporate bond issuers and institutional investors", Journal of Business Finance and Accoun...Using the SIC division structure, all firms in the sample are reclassified into 10 ...
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... equipped with their own governance structures. This has led to an astonishing shift of policy-ma... that had excess resources, land, and capital. In the 19th Century the United States made a tran...After the mid-70's financial markets became liberalized and countries have become more ...: Impact of Social Capital and Institutional Building. American Journal of Economics & Sociolog...
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Based on the analysis of the specific environment in which football clubs compete, this paper presents a comparative institutional analysis of three paradigmatic structures of football club governance: privately owned football firms, public football corporations (stock corporations with dispersed ownership) and members' associations with an own legal personality (Verein). Against the background that "spending power" is the main driver of competitive advantage for clubs in the overinvestment environment of European football, the governance structure of the privately owned football firm exhibits superior abilities to tap sources of funding and channel them into playing talent. The results of the analysis are applied to current developments in German and English football and to recent init...
... as one obvious effect of eliminated talent market imperfections is again a stronger relationship bet... that this fact does not exclude capitalistic governance structures from the football industry. ...