Japanese multinational companies (MNCs) have often been portrayed as highly centralised firms that limit the roles of overseas subsidiaries to the assembly and sale of standardised products designed and developed in Japan (see, e.g. Bartlett and Ghoshal, 1989: 51-2, 158-161). Their foreign...

Institutionalist approaches to the study of the firm which emerged in the last two decades have tended to be dominated by static models of both firms and institutions. As a form of ?equilibrium? analysis which holds factors constant in order to allow a deeper understanding of how they are...

The current financial crisis appears to be a moment of epochal change, an archetypal ?legitimation crisis?. This paper examines the impact of this collapse on one particular section of the financial markets that concerned with credit default swaps. This paper shows how and why the markets for...

This paper is aimed at providing a framework for the analysis of organizational structures and processes in the global management consulting industry. Our basic question is why do global consulting firms exist? What distinctive advantages (if any) are they able to bring to their clients and the...

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...