What is the effect of exposing motivated youth to firm management in practice? To answer this question, we place young professionals for one month in established firms to shadow middle managers. Using random assignment into program participation, we find positive average effects on wage...

There is an active global debate on corporate governance. A few years ago, there was serious concern about whether US companies would be able to compete against the powerful corporate groupings supported by closely involved banks in the Far East. Now, following the collapse of the East Asian...

This article explores the valuation of natural capital by critically analysing alternative approaches to it. It considers the problems associated with applying economic values to natural capital and the limitations of such exercises. It examines different methods that are more familiar to...