This article investigates whether herding behavior is present in stock returns of business groups during the COVID-19 pandemic. Using series prices and daily traded volume companies that make up General Index Stock Prices Santiago de Chile Exchange (S&P/CLIGPA) from January 1, 2010 to October 9, 2020 results show COVID-19. Nevertheless, weaker group firms compared which are not affiliated g...

This study analyses the representativeness of employer associations in Italy, using unique firm-level data with information on employers' affiliation and their characteristics. We document that a persistent decline rates to has occurred during last two decades. show affiliated companies are positively selected, as they tend be larger, older, more likely located richer regions, export innovation...

Prior research on unethical controlling shareholder is limited. This study examines the effect of evanishment shareholders’ risk firm value and how corporate governance moderates this from a principal–principal agency perspective. proposes contingent model as mechanism to provide professional managers with managerial autonomy. identifies 43 cases shareholders Korean conglomerates being absent d...

This paper briefly reviews university/industry licensing and research collaborations and focuses on three university-affiliated venture capital funds, which represent the most direct participation by academic institutions in creating new ventures based on technologies invented by their faculty members. The paper provides an early perspective on these funds as mechanisms for bringing new biomedi...

This article investigates how the job histories of CEOs influence their capital allocation decisions when they preside over multidivisional firms. I find that, after CEO turnover, divisions not previously affiliated with the new CEO receive significantly more capital expenditures than divisions through which the new CEO has advanced. The pattern of reverse-favoritism in capital allocation is mo...

This paper aims to analyze and depict urban equilibrium from the perspective of a complex force field between (positive) agglomeration economies and (negative) environmental externalities. Based on a simplified representation of a linear urban economy, an archetypical model based on general equilibrium principles is designed and its properties are investigated by using numerical simulations. Th...

In Electronic Commerce, the intra-organizational coordination of directly responsible units, e. g. profitcenters or firms within an affiliated group, is of increasing importance. These organizational units can be modeled within a Multi-Agent System (MAS), an interconnection of autonomous information systems. This paper investigates co-ordination mechanisms for MAS in decentralized transportatio...