Overlapping ownership has contrasting effects on capacity investments if duopoly firms invest sequentially. The follower’s reaction is less aggressive, but the leader acts more aggressively, either by choosing larger capacities or by shifting from accommodation to deterrence. If it shifts the...

Beneficial ownership transparency is gaining ground in Africa. At the start of 2023, 23 of 54 African countries have laws and regulations requiring the real people - the beneficial owners - behind legal vehicles to disclose themselves to a government authority. More than half of the continent...

This review article examines corporate governance in the context of companies which are in financial distress or insolvent, with reference to Keay, Walton and Curl’s Corporate Governance and Insolvency: Accountability and Transparency. The extensive literature on corporate governance has not...

In Closer Look, we highlight significant “holes” in our knowledge of corporate governance. These are central issues where insufficient or inadequate study has left us unable to answer basic questions, and where key assumptions relied upon by experts have not been verified or validated. While...

The emergence of hybrid ownership structures and their OFDI activities is a critical but under-investigated phenomenon in the international business domain. In this study, we carve out three varieties of hybrid ownership that capture the intra-organizational elements of hybrid firms: the...

Purpose: Are board ties among competitors harmful to customers? The prevalent assumption on board ties among competitors is that they harm customer benefits. This study examines the mechanism by which board ties with competitors result in an outcome conducive to customers....