According to an extensive and growing literature we are in the twilight of bureaucracy. Names of the supposed new organizational form include: post-bureaucratic; post-modern; post-hierarchical; and the virtual corporation. This paper considers this claim of actual or potential epochal change by...

The rise of modern corporations has been accompanied by an expansion of salaried executives who have replaced owner-managers. With this expansion, the new class of managers/executives came to regard themselves as stewards of large and complex corporations, and not principally or exclusively as...

The so-called ‘real economy' has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term political effects are unpredictable but what caused the crisis? This paper examines a...

This paper seeks to explain the transnationalization of financial reporting by corporations. Specifically it considers how the status of International Financial Reporting Standards - constructed and issued by a private organization: the International Accounting Standards Board (IASB) – changed...

Throughout the world every economic and socio-economic indicator has deteriorated. The so-called ‘real economy' has been deeply contaminated by the most significant global financial crisis for seven decades. The ultimate extent and duration of this rampant degeneration and its longer-term...

Purpose - To examine the claim that the pursuit of maximum value (wealth) for shareholders optimizes economic and social benefits for society as a whole.Design/methodology/approach - Evidence cited in support of the claim and the methodology employed by its supporters are examined....