The purpose of this article is to explain the spread between rates on corporate and government bonds. We show that expected default accounts for a surprisingly small fraction of the premium in corporate rates over treasuries. While state taxes explain a substantial portion of the difference, the remaining portion of the spread is closely related to the factors that we commonly accept as explain...

ISSUE 25 JULY 2003 SCIENCE AND TECHNOLOGY CORPORATE TOPIC GROUPS HSE has undergone, and continues to undergo, significant internal change, managed through the ‘Changing HSE’ Programme aimed at keeping HSE relevant and effective and able to adapt to emerging challenges and opportunities. The Change Programme has considered how best to organise elements of HSE’s science and technology staff resou...

This study examines the relationship of firm-level corporate governance and firm value, proposing a moderating effect by country-level creditor protection rights in case of M&As. In order to analyse this setting a sample of 331 deals over the period of 14 years (2002-2015) was evaluated. Evidence for a negative relationship of corporate governance and firm value could be found and provides supp...

This study examines the interrelationships between firm’s core competence, human resource practices and corporate strategy. Through the qualitative interview with four short-term training institutions in Taiwan, the results of this show that these firms indeed systematically arrange their human resource practices to support corporate strategy and foster needed core competence. When a company se...

“Integrated Enterprise Balancing with integrated return and risk databases” To support a value-based management and to satisfy regulatory transparency requirements and legal reporting obligations, corporations require a corporate-wide consistent database with return and risk information. Despite existing technical integration approaches, such as datawarehouse or OLAP solutions, the development ...

Reducing corporate risk has long been a business strategy concern. Many scholars support diversification as a method to achieve risk reduction. Building on organisational portfolio analysis, we develop the concept of ‘desynchronicity’ as a complement to existing diversification theories about risk reduction. Organisational portfolio analysis views firms as portfolios of business units, suggesti...

Enterprises need corporate data quality management (DQM) that combines business-driven and technical perspectives to respond to strategic and operational challenges that demand high-quality corporate data. Hitherto, companies have assigned accountabilities for DQM mostly to IT departments. They have thereby ignored the organisational issues that are critical to the success of DQM. With data gov...

Decision-making on issues of corporate sustainability is an emerging topic in both academia and business practice. Nevertheless, contemporary environmental decisionsupport models show significant shortcomings that call into question the usefulness and applicability of the results of such decision-making. To improve the quality of corporate sustainable decision-making, we apply a design-science ...

The purpose of this study was to examine the experiences of racial microaggressions in the workplace and coping strategies of Black women managers in corporate American positions. Semi-structured interviews were conducted with 10 Black women who had worked as senior-level corporate professionals, acknowledged that subtle racism exists in contemporary U.S. society, and had personal experiences o...