Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Business
Esops And Corporate Officers’ Compensation, Stoyu I. Ivanov
Esops And Corporate Officers’ Compensation, Stoyu I. Ivanov
Mountain Plains Journal of Business and Technology
"In the literature two major hypotheses have been developed for Employee Stock Ownership Plans used as a takeover defense, the management entrenchment and shareholder interest hypotheses, with the existing research not finding conclusive evidence for either one. In this paper we provide evidence that the entrenchment hypothesis is not supported by finding that Employee Stock Ownership Plan firms pay less to their managers than non-Employee Stock Ownership Plan firms. If managers were truly entrenched they would have been able to expropriate wealth from the existing shareholders, which appears not to be the case for Employee Stock Ownership Plan firms. "
Hindsight Bias And The Evaluation Of Strategic Performance, Roy B. Johnson
Hindsight Bias And The Evaluation Of Strategic Performance, Roy B. Johnson
Mountain Plains Journal of Business and Technology
"This article reviews the literature on hindsight bias and applies it to the context of strategic performance evaluation. Hindsight bias, the tendency for people to view an event as more foreseeable after the event than prior to the event, is a well-documented cognitive bias. In evaluating the quality of the processes by which strategic decisions are made, evaluators are aware of the outcomes of these decisions and, therefore, are subject to the distorting effects of hindsight bias. Preventative measures are reviewed and recommendations for further research suggested."
The Risks And Rewards Of Doing Business In Brazil: Can Brazil Escape The Fate Of Greece?, Andy Bertsch, James Ondracek
The Risks And Rewards Of Doing Business In Brazil: Can Brazil Escape The Fate Of Greece?, Andy Bertsch, James Ondracek
Mountain Plains Journal of Business and Technology
"With the abandonment of import-substitution policies and state-led development, Brazil has undergone major transformations and today is seen as one of the 21st Century’s major markets. Moreover, its economy is expected to weather the current economic crisis better than the economies of most nations. The outlook for Brazil as an investment opportunity is mixed as the country faces serious problems including HIV/AIDS, racial inequality, access to quality education, disparate distribution of wealth, high unemployment, and crime. Investors must weigh salient issues such as human rights, ethics, culture, access to knowledge workers, foreign trade restrictions, financial markets, and the political economy …