The US-led intervention in Haiti has often been held up as an example of how not to conduct foreign policy. Ill-defined and open-ended interventions in affairs of other countries for reasons tangential to national security are seen as primarily squandering US military resources and readiness on dubious results and outcomes that only generate more ill-will among those targeted for intervention. ...

This paper demonstrates that winning a takeover bidding contest can be `bad news' and, consequently, losing can be `good news.' This is true even when all bidders act rationally in their own best interests with perfect information on their valuations. Bidders with toeholds rationally bid above their valuations and possibly su er losses in equilibrium. This equilibrium strategy of `bidding to lo...

A nonhomogeneous universe with vacuum energy, but without spacetime expansion, is utilized together with gravitational and Doppler redshifts as the basis for proposing a new interpretation of the Hubble relation and the 2.7K Cosmic Blackbody Radiation. Hans-Dieter Radecke recently noted that modern cosmology’s dependence on “interpretations of interpretations of observations” means that “We sho...

While the traditional agency model assumes managerial risk aversion and underinvestment in high tech opportunities, the behavioural agency model allows for risk seeking by managers leading possibly to over-risky investment. Corporate governance mechanisms can correct both underand overrisky investment thereby ensuring value enhancing high tech acquisitions. Our study builds an empirical optimal...

Elizabeth J. Meyer and Veronika Lesiuk Introduction Joe Kincheloe was our teacher, our mentor, and our friend. In our experiences in higher education, we had learned that it was virtually impossible to have these three different kinds of relationships with one person; particularly with an established, respected scholar who was as prolific as he was. He wasn’t arrogant or inaccessible or a diva ...

In health care today, it is hard to predict next week, much less try to predict a few years into the future. Health care may have once been a stable environment with short intervals of significant change, but clearly we have moved into an era of constant change with infinitesimally short periods of stability. Global change for health care is coming, and critical care will surely be a focus of t...

Using a sample of 155 IPOs that delist due to performance-related reasons shortly after going public, this paper sheds light on the motives of entrepreneurs and early investors in taking their firm public. I empirically examine the actions of insiders over the entire public life of the IPO firm in order to understand whether they knowingly sell overvalued equity. I examine the behavior and the ...

Extant research on CEO hubris has amassed substantial evidence the positive association of this prominent managerial disposition and CEOs’ attraction to challenging consequential strategic activities. Similarly, one may well anticipate more hubristic CEOs strive for frequent transformations their firms’ overarching trajectories as they overestimate ability reap fruits such highly endeavors. In ...