Conventional economic theory has tended to disregard the notion of trust. Economic actors are assumed to be guided solely by their selfinterest, unmindful of the social bases of their existence. However, current research of real life business relationships has turned trust into an increasingly popular scholarly concept. Companies need trust in their business relationships while continually adap...

This paper analyzes the determinants of the differential pricing of equity classes (the so-called dual-class premium [DCP]) in Brazil from 1995 to 2006 with a focus on two specific corporate governance aspects: i) the granting of tag along rights, a mandatory bid rule that extends to minority shareholders the right to sell their shares in case of a control transfer; and ii) the identity of the ...

PREFACE In the past few years, the Finnish Business and Policy Forum EVA has treated the issues of creativity and business-culture interaction with growing interest. This report is an extension of the June, 2004 EVA conference on " Creativity through Competitiveness " and is published in cooperation with the Creative Finland Association. Entertaining a subject quite different from past EVA repo...

This paper discusses the relationship between social movements and corporate governance practices in large firms in Norway and Sweden in the post-war period. It presents two paradoxical outcomes and tries to make sense of them. The theoretical argument is that structural features (national trajectories, shared cultures, industrial structure) alone cannot explain the choice of management strateg...

We identify several theories that each suggest a link between CEO turnover and changes among a firm’s top non-CEO managers. We then assess these links empirically using two panel data sets. We present five main findings. First, we find that CEO and non-CEO turnover are positively associated. Second, we do not find that this association is stronger when firm performance is poor. Third, this asso...

763 National Tax Journal Vol. LIV, No. 4 Abstract This empirical research extends the work of Tanzi (1987) and provides comparative 1985–99 corporate income tax (CIT) rates for 29 different countries, spanning the United States, Europe, and Southeast Asia. A common worldwide trend in CIT rates emerges. During the 1985–99 period, the top CIT rate decreased by 11 percentage points in the United S...