This article argues that accounting-based distribution regulation provides variable and at times significant protection to both existing involuntary creditors - by increasing the probability that they will be paid – and the constituency of involuntary creditors - by decreasing the probability...

This paper compares the impact of institutions on men and women's decisions to establish new business start-ups between 2001 and 2006. We use data from the Global Entrepreneurship Monitor survey (GEM) which cover at least 2,000 individuals per year in each of up to 55 countries and have merged...

Since the 1990s the international community has become acutely aware of the role of businesses in the growth of corruption globally and the debilitating effects of corruption on economic growth and development. A multitude of strategies from regulation in the form of international legal...

Anti-corruption efforts over the past two decades have expanded to include a variety of measures ranging from international conventions (e.g. OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions 1997, UN Convention against Corruption, 2003) and...

Anti-corruption strategies over the past two decades have expanded to include a variety of measures ranging from international conventions and anti-corruption toolkits to business and NGO (Non Governmental Organisation) initiatives. While these strategies are undeniably essential in the fight...

For as long as they have existed, stock markets have attracted fraudsters. "Napoleon Is Dead" is the fascinating tale of one of the earliest stock market scams; a tale of greed, deceit and the public humiliation of Admiral Cochrane, one of the greatest seamen of the nineteenth century. Early on...

Recent writings on globalization have tended to argue that such economic interconnectedness is, in one way or another, geographically delimited. Three competing views appear in the literature, regionalization, triadization and the involutionist perspective. This article challenges the portrayal...

Finite sample distributions of studentized inequality measures differ substantially from their asymptotic normal distribution in terms of location and skewness. We study these aspects formally by deriving the second-order expansion of the first and third cumulant of the studentized inequality...

For a simplified structural equation/IV regression model with one right-side endogenous variable, we derive the exact conditional distribution function of Moreira's (2003) conditional likelihood ratio (CLR) test statistic. This is used to obtain the critical value function needed to implement...

This article discusses the limits of Italian immigration policies and their effects on the Italian market of highly skilled individuals. Highly skilled individuals are normally perceived as valuable resources that a country should foster and even, if possible, attract from other states (Meyer...