This paper focuses on the development of entrepreneurial orientation (EO) after a management buy-out (MBO) and on the role played by venture capital firms in enhancing EO. It presents results of two exploratory case studies of divisional buy-outs with regard to their EO and the areas where the...

This document was prepared by the Inter-American Development Bank (IDB) and the Economic Commission for Latin America and the Caribbean (ECLAC) for the "Confronting Natural Disasters: A Matter of Development" Seminar held in New Orleans on 25 and 26 March 2000. Vulnerability reduction is a key...

The Millennium Development Goals were formalized in the Millennium Declaration, which was endorsed by 189 Heads of State and Government at the United Nations Millennium Summit of 2000. Achieving these Goals through sustainable growth and advances in key areas such as education, health,...

Moral outrage was the response of the Chinese press, when Cheng Kejie, one of the country's highest officials, Vice-Chairman of the Standing Committee of the National People's Congress (NPC) and former Governor of the Guangxi Zhuang Autonomous Region, was arrested on grounds of corruption on 25...

There is a tendency to see trust and control by formal agreements as substitutes. According to transaction cost economics trust is unreliable, and some form of control is needed to reduce hazards of opportunism. According to others, high trust allows for a limited extent of formal control....