This topical book analyses the change of electoral rules in Italy from proportional representation toward plurality. While Italy is used as the illustrative case, the analysis has far-ranging theoretical and practical implications, and will therefore be of interest to academics and researchers...

The external environment is characterized by periods of relative stability interspersed with periods of extreme change, implying that high performing firms must practice exploration and exploitation in order to survive and thrive. In this paper, we posit that R&D expenditure volatility indicates...

Theory tells us that managerial ownership of shares in a firm generates two conflicting effects on management behaviour, i.e. the convergence effect whereby increased managerial ownership can improve corporate performance, and the entrenchment effect which counters it. A number of studies have...

A crucial property of an electoral system is the manner in which it translates a vote distribution into a pattern of representation. Measures of this property are important in assessing the relative merits of differing electoral systems. Galeotti proposes one useful index (Galeotti, G., 1994, On...

No matter what type of relationship a buyer has with a particular supplier, the buyer faces the decision of whether to either stay with the supplier or to switch to another supplier. This paper introduces a model of the buyer's switching decision that integrates tenets of both transaction cost...

It has been suggested that the primary function of headquarters in a multi-divisional enterprise is to run an internal capital market in which scarce project finance is transferred from lagging units to those, which have strategic promise. Such a headquarters role is particularly relevant in...

One important effect of the increasing integration of the world economy is the rising importance of possibilities to offshore and outsource value-creating activities. In many industries, firms are able to disaggregate their value chains into smaller parts. This process allows for a less...

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