Among social animals, subordinate status or low social rank is associated with increased caloric intake and weight gain. This may reflect an adaptive behavioral pattern that promotes acquisition of caloric resources to compensate for low social resources that may otherwise serve as a buffer against environmental demands. Similarly, diet-related health risks like obesity and diabetes are disprop...

Conflicts of interest (COIs) have been defined by the American Thoracic Society as "a divergence between an individual's private interests and his or her professional obligations such that an independent observer might reasonably question whether the individual's professional actions or decisions are motivated by personal gain, such as direct financial, academic advancement, clinical revenue st...

Although China has won many plaudits for its rapid transformation from an autarky to theworld’s largest recipient of foreign direct investment (FDI) and a regional export power-house, some economists –most notablyHuang (2003, 2004)– are less sanguine about the Chinese government’s long-standing policy that encourages export-oriented FDI. Their main concern seems to be that foreign firms, especi...

A long-standing ideology in business education has been that a corporation is run for the sole interest of its shareholders. I present an alternative view where increasing concentration of economic activity and power in the world’s largest corporations, the Global 1000, has opened the way for managers to consider the interests of a broader set of stakeholders rather than only shareholders. Havi...

Large herbivore livestock and wildlife in Mongolia depend almost entirely for substance on forage standing crop produced each year on natural pastureland. Consequently, both livestock and wildlife are continuously subject to environmental risk, especially drought and severe winter storms, while livestock are also subject to financial risk. As consumption-based livestock production changes to co...

I n recent years, important changes to the U.S. banking regulatory framework have been introduced that were expected to affect the size distribution of banks. These changes in regulation had a clear objective: to allow for a higher degree of horizontal and vertical integration in the banking industry. While horizontal integration takes place when different firms that are producing the same prod...

The paper by Heider and Hoerova (2009) is ambitious. It studies the interaction between secured interbank lending, unsecured interbank lending, and banks’ portfolio choices. It is motivated by a puzzling empirical observation, namely the “decoupling of secured and unsecured lending rates” in the Great Financial Crisis of 2007–09. The observation made by Heider and Hoerova is that on August 9, 2...