This article examines how domestic pension fund equity investment relates to productivity in unlisted firms, using detailed ownership data linked to Danish administrative registers. Pension fund entry is associated with a 3%–5% higher level of productivity in the years following entry. The association is stronger when pension funds hold larger stakes, invest for longer, and are closer in the ownership chain. Pension fund entry is also associated with a subsequent increase in the number of a firm’s additional investors. We find no investment productivity association for listed firms.

We study how resolution regimes affect investment in banking groups with subsidiaries of varying financial strength. Centralized regimes that preserve the group’s structure enable ex post support for weaker units but may constrain ex ante investment. Decentralized regimes that resolve units separately may enhance ex ante investment but limit risk-sharing ex post. The relative efficiency of each approach depends on the group’s risk profile and profitability. Allowing both regimes to coexist improves efficiency relative to imposing a uniform regime across all groups. However, a decentralized regime may not be credible if the regulator cannot commit to limit ex post risk-sharing.

This paper examines the management of spiritual services in late medieval and early modern Europe through the case of the Monastery and Shrine of Guadalupe, one of the most prominent Marian pilgrimage destinations of the fifteenth century. After the Hieronymite Order assumed control in 1389, the monastery expanded into a diversified enterprise that encompassed agriculture, livestock, crafts, as well as charitable and spiritual services. We argue that this expansion resulted from three interrelated factors: the human capital accumulated within monastic management, the development of a recognizable spiritual brand centered on the icon of Our Lady of Guadalupe, and its endorsement by the Order’s founding values and by the principal legal authorities of the time—the Church and, more decisively, the Spanish Monarchy. The paper thus contributes to scholarship by identifying early forms of branding and endorsement, and highlighting the role of spiritual services in the consolidation of monastic economies.

This paper examines peak national co-operative associations. It initially explores the business and co-operative history literature relating to these peak bodies highlighting the concept of Business Industry Associations. It then briefly explores the history of long-standing peak national co-operative associations in the US and the UK. By contrast the Australian experience has been one of limited progress until the formation of the Business Council of Co-operatives and Mutuals in 2013. There are a number of factors that explain the Australian experience including ideological conflicts, state-based co-operative legislation, the autonomy of state based federations, separate peak national bodies for financial co-operatives, and Neoliberalism. The Business Council of Co-operatives and Mutuals does not follow the theorized pattern of formation for Business Industry Associations and its brief history highlights the dependence of Business Industry Associations on recognition by the State for their survival.

The uncertain aspects of early modern merchants’ future business activities are often emphasized. However, historians have not yet examined how merchants themselves discursively expressed the future. This paper examines the letters of eighteenth-century French merchants active in long-distance trade to explore how they wrote about future events with their business correspondents. The systematic analysis of merchants’ expressions about the future shows that, while the business context is often described as uncertain, this uncertainty was not prominent in their own writings. The article contributes to our understanding of the early modern future and the role of business correspondence.

Generative artificial intelligence is rapidly reshaping business education, presenting both opportunities and concerns for teaching, learning, and assessment. This study reviews how generative artificial intelligence has been addressed in business education research since 2023, with a focus on organisational and institutional implications. Using a scoping review guided by the Preferred Reporting Items for Systematic reviews and Meta-Analyses (PRISMA) protocol, 32 peer-reviewed Scopus-indexed articles published between January 2023 and June 2025 were analysed. Four key themes emerge in the use of generative artificial intelligence: curriculum redesign, teaching practices, assessment integrity, and professional skills. Findings highlight benefits such as enhanced interactivity, personalised learning, reduced workload, greater accessibility, and stronger alignment with industry practices. However, challenges persist, including factual inaccuracies, reduced critical thinking, weakened assessment practices, and ethical concerns. Overall, generative artificial intelligence integration is both transformative and uneven, requiring careful and responsible adoption from an organisational context. The study outlines implications for educators, curriculum designers, and institutional policymakers aiming to develop a future-ready business education ecosystem.

This paper examines Harrisons and Crosfield’s Quilon operations in interwar South India to highlight the role of site specificity in shaping global firms. Unlike most British companies headquartered in major colonial port cities, Harrisons and Crosfield established its Indian base in Quilon, a small town with strategic access to estates and backwaters but limited infrastructure. Situating the case within debates on multinational enterprise and colonial business, the paper argues that geography and foreignness were central to the firm’s longevity, shaping both opportunities and limits to expansion.

Past research has documented a substantial finance wage premium. We examine whether this premium reflects differences in lifetime career opportunities. Using resume data, we reconstruct career trajectories in finance and nonfinance sectors and build synthetic measures of career attractiveness that account for compensation levels, growth, and risk. We find that asset management and investment banking provide a sizable risk-adjusted career premium relative to banking, insurance, and other sectors. This premium has declined across cohorts, particularly relative to high tech. Labor-market entry patterns respond to these premia: potential entrants treat finance and high-tech careers as substitutes when choosing where to start.