Banks and financial intermediators are motivated in two ways in socially responsible activities: we call them moral and business case. On the one hand, it is their moral obligation to serve the welfare and well-being of the whole society, as explained in the stakeholder theory: a company is not...

This paper examines how founders within start-up teams dynamically re-adjust their relative ownership stakes. It leverages a unique dataset from British Columbia, Canada, which contains detailed information on founder ownership over time. Two trade-offs between efficiency and fairness are...

Az utóbbi évtizedben számos nemzetközi termelési hálózat indított teljesítményfejlesztő programot, egyrészt a gyengén teljesítő gyárak teljesítményének ugrásszerű javítása, másrészt a szervezet egészének teljesítményfejlesztése céljából. Ezek a programok...

This working paper explores research on the rise and operations of donation-based crowdfunding platforms and the early work on system builders, in order to develop actionable insights to build a suite of crowdfunding solutions relevant to address the funding challenges to implement on the United...

This study investigates the extent to which herding towards the market consensus for Russian stocks is driven by fundamental and non-fundamental factors. We find evidence that investors on the Moscow Exchange herd without any reference to fundamentals during unanticipated financial crises...