The paper investigates the role of the government and self-regulatory reputation mechanisms to internalise externalities of market operation. If it pays off for companies to invest in a good reputation by an active policy of corporate social responsibility (CSR), external effects of the market...

Other disciplines increase our knowledge of when and how markets can be relied on to bring about optimal outcomes. They thereby make a significant contribution to the fine tuning of market regulation policies. Sometimes such fine tuning is in clear focused and well developed information...

In this paper we investigate to what extent hedge funds are a superior investment alternative. While it is easy to demonstrate that hedge funds dominate traditional investment alternatives when using the standard measures of risk adjusted return, it is also apparent that they are exposed to a...

Point of departure for market regulation is that enhancing competition helps maximizing social surplus since consumer discipline stimulates innovativeness, quality improvements, and cost effectiveness. These effects however, can only take place if several conditions are met. One of these...

The popular financial press often suggests that convertible debt issued by European firms is more debt-like in nature than convertible debt issued by US firms. This paper is the first to formally test the validity of this common perception. Our evidence indicates that European convertibles are...

The current article aims to provide an overview of the main topics of the “Corporate Governance Law”, as well as the main bottlenecks that the application of it entails. The required changes to the Belgian Corporate Law that follow from this law can mainly be subdivided into three main...

De financiële malversaties in een aantal grote en gereputeerde beursgenoteerde bedrijven, zakenbanken die, ondanks de negatieve informatie waarover ze beschikten, klanten aanraadden aandelen te blijven kopen, het zijn enkele elementen die mee geleid hebben tot het gigantische waardeverlies op...

De hedendaagse consument wordt aanhoudend bestookt met informatie. Deze informatie wil soms louter informeren, maar vaker nog beïnvloeden of verleiden. Hoe redt een consument zich in dit overaanbod, zeker nu het de laatste tientallen jaren duidelijk is geworden dat de consument noch over de...

Dit artikel behandelt benaderingen of paradigma’s waarvan de marketingdiscipline in de netwerkeconomie kan uitgaan. Wij huldigen het standpunt dat marketing deelneemt aan het beheer van extern sociaal kapitaal in de onderneming. In dat kader onderzoeken wij het ‘relationship...