Blue Skies and Boiler Rooms describes the evolution of the securities market in Canada, from the onset of trading, through the boom of the 1920s and the depression of the 1930s, to the outbreak of the Second World War. The book documents the problems of fraud, misrepresentation, and manipulation...

Over the past decade, Nancy Fraser has developed a highly sophisticated theory of social justice. At its heart lies the principle of parity of participation, according to which social arrangements must 'permit all (adult) members of society to interact with one another as peers.' The aim of this...

Many of the most important recent debates on global distributive justice take place between defenders of global egalitarian positions, on the one hand, and defenders of more sufficientarian or 'minimalist' positions on the other. This paper reviews two recent contributions to those debates, from...

In the global knowledge economy, intellectual property (IP) rights – and the innovations they are meant to spur – are important determinants of progress. But what does this mean for the nations of Africa? One view is that strong IP protection can facilitate innovation in African settings....

This article seeks enhanced understanding of the dynamics of open innovation and knowledge appropriation in African settings. More specifically, the authors focus on innovation and appropriation dynamics in African micro and small enterprises (MSEs), which are key engines of productivity on the...

If dangerous climate change is to be avoided, it is vital that carbon sinks such as tropical rainforests are protected. But protecting them has costs. These include opportunity costs: the potential economic benefits which those who currently control rainforests have to give up when they are...

The authors review recent literature on the role of corporate financial reporting and transparency in reducing governance-related agency conflicts between managers, directors, shareholders, and other stakeholders—most notably financial regulators—and suggest some avenues for future research....

We review recent literature on the role of corporate financial reporting and transparency in reducing governance-related agency conflicts between managers, directors, shareholders, and other stakeholders — most notably regulators — and suggest some avenues for future research. Key themes...

We extend the CAPM to a setting where a firm reports earnings prior to selling shares to investors. We show that an entrepreneur, as representative of a firm's initial owners, will choose to report earnings that asymmetrically reflect future cash flow. In modeling the entrepreneur's reporting...