The professional firms suffer from exogenous problems whereas the private family firms suffer from endogenous problems. This latter category is more common in the family firms of emerging markets. Based on a sample of 157 firms we examine the key characteristic differences in the managerial...

GERMAN: Die MOEL verzeichneten 2007 erneut ein kräftiges Wirtschaftswachstum. In den neuen EU-Ländern in Mitteleuropa, deren Expansion primär durch die Re-Industrialisierung geprägt ist, war ein Anstieg der Beschäftigung zu beobachten. In den anderen MOEL wurde die Entwicklung jedoch vor...

Entrepreneurship has conventionally been thought of as a function of opportunity. The problem with such an ethnocentric approach, however, is that it assumes a uniform response to opportunity across cultures. In contrast, this article makes use of ethnographic means in a cross-cultural setting...

From 2005, European listed firms and many more around the world are required to adopt International Financial Reporting Standards (IFRS). The introduction of a uniform accounting system is expected to ensure greater comparability and transparency of financial reporting around the world. Over...

The objective of this study was to identify the impact of a perceived inadequacy of authoritative South African financial reporting guidance for long‐term insurers, on the basic financial statement characteristic of comparability. The authors attempted to identify areas of non‐comparable...

Elaborate secondary sexual traits, such as the ornamental plumage of birds, may be favored by female choice because they serve as honest indicators of male quality. Elaborate traits are thought to be honest signals because they are expensive to produce and increase predation risk. Here we...