Many academic studies use fixed preannouncement event days (e.g., -20,-42, or -63) to measure takeover premiums. In this paper, we show that the use of traditional fixed windows generates premiums that are underestimated by as much as 8 percentage points. This downward bias is especially severe for transactions with long processes (e.g., target-initiated deals). We take account of this bias by hand collecting deal initiation dates and show that using these dates results in measured premiums that give contradictory conclusions to those found in existing literature. We also offer guidance for measuring premiums if hand collecting data is impractical.

This paper identifies recurrent patterns in the political activity of American corporations that support trade. These firms have made public coalitions a central element of their pro-trade activities, and their collective efforts vastly outstrip those of trade's corporate opponents. This superiority in organization is paired with dramatically greater volumes of lobbying and campaign contributions. I explain these striking divergences by integrating collective action theory into a firm-centred model of trade politics: the heavy concentration of gains from trade among a small number of firms makes both individual and collective political action easier for pro-trade firms than for producers opposed to trade. This explanation is supported in panel analysis of firms’ participation in pro-trade coalitions, which shows that size, multinationality, and heterogeneity in global networks of production and sales drive participation in pro-trade groups. Globally engaged firms have supported trade by matching pro-trade preferences with highly organized political action.

A management framework (like the Business Model Canvas or SWOT) is a combination of interlinked items that support a particular approach to a specific objective. Various management frameworks are widely used even though their origins, adoption, and value remain vague. Previous research tried to decipher the adoption of these management frameworks, whereas considerably less attention was devoted to the theoretical explanation of the development and value of the frameworks. This paper investigates the nature of management frameworks in particular realms using analogical reasoning between biological and social systems, and mostly draws on memetics, intersubjective reality, and the network effect. By using memetics, the explanations on the origins of well-known frameworks are complemented. Second, the paper shows the role of the network effect in the growing value of a framework until it becomes an intersubjective reality. Finally, such a framework is explained as autopoietic within a particular realm.

This article has three sections, each of which deals with an Executive Order. The first section, “Office of Information and Regulatory Affairs (OIRA) Past,” emphasizes the critical role that Executive Orders played in the formation of OIRA. More specifically, OIRA owes its initial existence to the establishment of a centralized regulatory review system, the Quality of Life Review, which initiated Office of Management and Budget (OMB) review of environmental regulations through the issuance of a directive from OMB. Every subsequent President expanded OMBs powers through the issuance of Executive Orders which culminated in the Iconic Executive Order 12291. The section concludes with the recommendation that a select class of Executive Orders, and OMB Directives, be designated as “Iconic” by the National Archivist in consultation with the OIRA, and then given substantial deference by incoming Administrations. The second section, “OIRA Present,” describes an Executive Order issued during the Kennedy Administration which remains in effect but was promulgated prior to the establishment of OIRA and therefore recommends that a new Executive Order be issued which gives OIRA specific authority to participate in the conduct of interagency reviews of Executive Orders. The third section, “OIRA Future,” describes an Executive Order which implements a regulatory budget (RB) and institutionalizes a mechanism for controlling the size of the administrative state. This final section of the article recommends that the aforementioned Executive Order be reviewed and modified based upon the outcome of a request for public comments, and rules with demonstrated positive net benefits should no longer be accorded an automatic entitlement for issuance as a final rule absent their inclusion in an RB.

Business and human rights (BHR) scholarship addresses whether corporations have human rights responsibilities and if so, what such responsibilities mean for corporate behaviour. BHR scholarship is cross-disciplinary and scattered across numerous academic disciplines such as law, philosophy, management, political science and accounting. While BHR scholarship in law is well established, this review focuses on BHR scholarship in the social issues in management (SIM) field, which – like BHR scholarship – addresses the nature and content of corporate responsibility. Based on a review of 180 articles from SIM speciality journals published between 1990 and 2017, the article suggests that BHR research has emerged as a subfield of study within SIM. BHR scholarship to date has largely focused on the justification for why firms have human rights responsibilities, and on descriptive research studies at the organizational and macro level. The article develops a conceptual framework for future BHR research which can usefully guide scholars – both SIM and non-SIM BHR scholars – in identifying potential research gaps and embedding their research in related focus areas.