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We use a dynamic model of financing decisions to measure agency conflicts for a large panel of 12,652 firms from 14 countries. Our estimates show that agency conflicts are large and vary significantly across firms and countries. Differences in agency confl ...
This paper discusses the development of key features in European Union policy and service redesign, based on social innovative practices where co-creation and the related phenomenon of digital social innovation have a high potential impact. The idea undern ...
This book examines trends and challenges in research on IT governance in public organizations, reporting innovative research and new insights in the theories, models and practices within the area. As we noticed, IT governance plays an important role in gen ...
The concept of Mobility-as-a-Service (MaaS) has the potential to help break away from the current automobility system of private car ownership towards a more sustainable 'post-car' system. While technology undoubtedly plays an important role in the develop ...
Various emerging technologies challenge existing governance processes to identify, assess, and manage risk. Though the existing risk-based paradigm has been essential for assessment of many chemical, biological, radiological, and nuclear technologies, a co ...
On January 12 2010, Haiti was hit by an earthquake of 7.2 on the Richter scale. Close to 220,000 persons died, more than 300,000 were wounded and almost two other million were displaced. The earthquake¿s epicenter was actually several kilometers away the c ...
This report presents key interdisciplinary insights from IRGC’s expert workshop on the governance of decision-making algorithms, with particular focus on automated decisions based on learning algorithms (DMLAs). It highlights, among others, the need to imp ...
We investigate whether corporations and their executives react to an exogenous change in passive institutional ownership and alter their corporate governance structure. We find that exogenous increases in passive ownership lead to increases in CEO power an ...
The "more economic approach" was introduced to antitrust to achieve a more effect-based and theoretically grounded enforcement. However, related to predatory pricing it resulted in systematic over- and under-enforcement: Economic theory does not require do ...
Blockchain and distributed ledger technologies (DLTs) have the capacity to improve how many companies and organizations conduct transactions or store information securely, among many other potential benefits. However, their development and implementation d ...