Rating agencies play a pivotal role in international credit transactions. Their sovereign risk-assessments are largely thought to reflect objective evaluations of the creditworthiness of potential borrowers. We test this assumption by examining the role that competitive positioning and dynamics...

A substantial body of research in management and related public policy fields concludes that recent decades saw greater dynamic competition throughout technology-intensive ("TI") industries, with wide-spread, steady increase in TI industry and business performance instability as key...

A simmering debate in strategic management pits two conflicting views on the impact of corporate-level factors on affiliated business units. quot;Mainstreamquot; proponents hold that corporate effects on business performance are substantial, while quot;revisionistquot; proponents hold that...