The concept of shareholder value has been the subject of heated debate for 40 years. Surprisingly, the literature seems to overlook the fact that shareholder orientation by management is something completely different from the implementation of this idea in the well‐known shareholder value...

The research on success factors in elite sport focuses primarily on the one hand to sport in its entirety and on the other hand to the prediction of success in individual sporting events, especially in soccer. In this paper, we investigate the existence of a first‐mover advantage for national...

We integrate the issue of economic calculation into the theory of the entrepreneur. In doing so, we fill a gap in the literature by demonstrating that retrospective economic calculation, i.e., financial accounting, dovetails with Kirzner's theory of the alert entrepreneur and that prospective...