This study links together theoretical models of strategic alliances with an empirical examination of stock returns on the announcement of strategic alliances. Using a sample of 123 strategic alliance announcements, the results find strong support for the hypothesis that strategic alliance announcements generate significant positive abnormal returns on the announcement day. Although strategic al...

This theoretical article introduces the construct of CEO celebrity in order to explain how the tendency of journalists to attribute a firm’s actions and outcomes to the volition of its CEO affects such firm. In the model developed here, journalists celebrate a CEO whose firm takes strategic actions that are distinctive and consistent by attributing such actions and performance to the firm’s CEO...

Our research on the texts of the Byzantine historians and chroniclers revealed an apparently curious phenomenon, namely, the abandonment of terminally ill emperors by their physicians when the latter realised that they could not offer any further treatment. This attitude tallies with the mentality of the ancient Greek physicians, who even in Hippocratic times thought the treatment and care of t...

In all 102 participants completed 2 intelligence tests, a self-estimated domain-masculine (DMIQ) intelligence rating (which is a composite of self-rated mathematical-logical and spatial intelligence), a measure of self-esteem, and of self-control. The aim was to confirm and extend previous findings about the role of general intelligence and gender identity in self-assessed intelligence. It aime...

We are grateful to Richard Posner and Mark Kelman for their detailed comments on our article. Their objections come from opposite directions. Judge Posner complains that behavioral economics is not a "theory" and is indeed "antitheoretical"'; he invokes "evolutionary considerations"2 in the interest of providing a unitary account of both rational and "quasi rational" behavior, as well as bounde...

T he news that French bars and restaurants will be smoke free by the end of 2007 led to hundreds of headlines, impelled by a ‘‘myth turned on its head’’ subtext. The tedious cliché that every second French citizen’s birthright requires them to sit in cafes smoking Gauloises and sipping pastis while reading Jean-Paul Sartre is about as accurate today as the view that Ireland is a nation of potat...