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In institutional regimes with weak creditors' rights, some company insiders might take advantage of bankruptcy rules by intentionally making their companies look less valuable. This creates problems for creditors and makes it harder for these companies to succeed in the future. To shed new light on the drivers of such opportunistic behaviors, recent research compares bankrupt British, American and Indian firms. It shows that Indian firms were more likely to be classified as “willful defaulters” indicating that bankruptcy decisions may be due to insiders' opportunistic behavior. It also suggests that such fraudulent bankruptcy behaviors can be countered through market reforms.
“We are looking for a self-starter, innovative thinker who will challenge the status quo.” This phrase is often seen sprawled across almost every job posting you may encounter nowadays. When employers write it, who do you think they have in mind? Who are our most innovative employees? The answer: refugees.
D'Amore-McKim School of Business veteran Todd Alessandri has been named the school's new Associate Dean of Undergraduate Programs, effective Aug. 1, 2022. He's leading D'Amore-McKim's undergraduate curricular initiatives and the teams that support students through academic advising, student services, and cooperative education.
Northeastern airlines industry expert Ravi Sarathy says JetBlue's acquisition of Spirit Airlines will probably result in higher fares for consumers, as the low-cost carrier Spirit disappears in the planned $3.8 billion purchase.
Northeastern, industry experts say travel woes will continue this summer but expect delays, cancellations and flight cost issues to subside in the fall.
As more industries make use of so-called blockchains, which are really just digital ledgers for storing data, the high-profile Ronin theft has raised new concerns about just how effective existing blockchain safeguards and protocols are at protecting the digital wallets of millions of crypto traders.
China is rapidly moving from imitation to innovation, with Chinese companies taking a key role perspective on the emerging paths of Chinese company innovation. Non-Chinese executives need to understand the six major paths to innovation taken by Chinese companies. While all these paths have also been taken by many Western companies, we discuss here the unique Chinese adaptation or intensification of each approach. Our findings indicate that the innovation advantages of Chinese companies may well be in the creative combinations of available innovation practices.
In rapidly evolving emerging and transition economies such Russia, informal social networks between individuals, companies, and the government play a key role for companies' ability to gain access to information, knowledge, and power. While such informal networks help companies' profitability, they can also entail significant costs for businesses and society at large. Understanding the deep roots of today's corruption trends in Russia can help the survival of domestic and foreign companies operating in the country.
Corporate Governance in the Middle East and North Africa: Evaluating Current Trends and Future Opportunities
The Middle East and North Africa (MENA) region displays distinct corporate governance trends. These differences are due, at least in part, to the influence of Sharia law and the region's varied political regimes. Research suggests that advancing gender diversity on boards, directing attention towards corporate social responsibility, increasing the transparency of corporate disclosures, and investigating different ownership models can help further align local companies with established global best practices in the corporate governance area.