The extent of non-trading is shown to be much greater in the UK than in the more heavily researched US equity markets. Over the period 1975 to 1995 we find that almost 44% of all stocks in our sample failed to trade on the last day of a given month, a figure which is significantly higher than...

The paper provides an overview of the development of the national business systems approach to the study of organizations. The first section outlines the approach taken to understanding national business systems and their relationship to organizations. It notes the creative tension which existed...

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...