Transaction costs, mistakes, and performance: assessing the importance of governance

Article Abstract:

The correlation between type of governance and performance using strategic management is discussed. The performance of a particular organizational type such as joint ventures, multinational organizations, franchising, diversification and integration, depends largely on managerial perceptions and decisions to implement policies in accordance to the nature of governance. Evaluating performance of a particular type of governance should take into account endogeneity of internal arrangements.

Performance, Corporate governance

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Transaction costs and corporate greenmail: theory, empirics and a Mickey Mouse case study

Article Abstract:

The concept and advantages of greenmail practices and a case study of a takeover bid of Walt Disney Productions in 1984 are discussed. Greenmail is a corporate defense mechanism to buy back shares from shareholders attempting to control the firm. The practice has many critics but it can result to potential windfall for the company by protecting company shares from low takeovr bids and gives the firm the opportunity to restructure management.

Misc. Amusement, Recreation Services, Analysis, Mergers, acquisitions and divestments, Walt Disney Productions Inc., Stock redemption, Corporate anti-takeover measures, Antitakeover strategies, Greenmail, Entertainment Industries Council

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Opportunism and its critics

Article Abstract:

The approaches of business firms in the principle of opportunism and the effects of its suppression are discussed. The study of opportunism explores human motivations based on economics and psychology and its effects on economic organizational patterns of decision-making. Opportunism incorporates adverse selection, moral hazards amd managerial indescretion in economic models such as informational economics and agency theory.

Decision theory

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