This article examines the development of public budgeting since the Industrial Revolution to offer an explanatory framework on budgeting as a governance instrument. The article proposes that budgeting has evolved as innovations in financial administration to respond to socio-economic challenges...

The paper builds on academic work as well as keynote statements about leadership by prolific figures in research and academics, while examining common leadership flaws and exploring ways to negate them. It describes three stages of a Values Journey, namely pre-orderly, orderly and post-orderly,...

Chapter Six: In Chapter six, I develop the Externalization Stages Theory based upon my survey’s empirical findings on: First, the Business Characteristics of firms, second the Management Behaviour of firms and third the Opinions of managers in the Internationalization stages. In addition, I...

In an attempt at a systematic theory of entrepreneurship, this paper connects various literatures, from economics and business. In economics, there are many notions of entrepreneurship, some of which seem to contradict each other. For example, there are notions of entrepreneurship as an...

We propose a rationale for why firms often return to the equity market shortly after their initial public offering (IPO). We argue that hard to value firms conduct smaller IPOs, and that they return to the equity market conditional on positive valuation signal from the stock market. Thus,...