Management 2014

Business and Management 2014

www.cambridge.org/management2014

28104_Management cvr.indd 1 28/2/2014 9:32:07 AM

Management (general) 1

Strategic management 4

Organisation studies 6

International business 9

Business ethics 18

Governance 22

Human resource management 26

Entrepreneurship and innovation 28

Marketing 30

Finance 32

Also of interest 37

Contents

Human Capital and Global Business

StrategyHoward Thomas

Richard R. Smith Fermin Diez

see page 9

see page 15

see page 24

see page 26

see page 30

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eBooks available at www.cambridge.org/ebookstore

Management (general)

Analytics for LeadersA Performance Measurement System for Business SuccessN. I. FisherValueMetrics, Australia

A concise, readable book that provides a framework and methodology that business leaders can use to identify and interpret key performance measures for improved decision-making within fi rms. Based on over 20 years of research and development, it draws on extensive case studies and will appeal to practitioners and students alike.

’Analytics for Leaders is the defi nitive work on how to measure an enterprise’s performance, and how to analyze the resulting data. The purpose of the measurement design and analysis is producing actionable results to improve performance. Nick Fisher provides not just tools, but much detail on how to implement them. The Fisher system applies to big and small enterprises, and to any type: corporate, governmental, academic, etc. The book targets enterprise leaders, who play a critical role in developing plans for those enterprise issues to be studied using the system. It also targets those whom leaders select to implement the plan. This book will serve as an excellent text for an academic program. Nick Fisher’s writing is organized step-by-step in a logical way, and is marvellously lucid.’William S. Cleveland, Shanti S. Gupta Distinguished Professor of Statistics, Purdue University

2013 228 x 152 mm 272pp 53 b/w illus. 38 tables 978-1-107-04556-9 Hardback US$45.00

For all formats available, seewww.cambridge.org/9781107045569

Complex ContractingGovernment Purchasing in the Wake of the US Coast Guard’s Deepwater ProgramTrevor L. BrownOhio State University

Matthew PotoskiUniversity of California, Santa Barbara

and David M. Van SlykeSyracuse University, New York

Complex Contracting draws on core social science concepts to provide wide-ranging practical advice on how best to manage complex acquisitions. It features an in-depth analysis of the US Coast Guard’s Deepwater program, to illustrate real-world contracting challenges. This accessible book will appeal to policymakers, practitioners, scholars and students.

‘In this book, the authors bring a fresh, yet sophisticated analytical approach to the challenges that the government faces when entering into high-value, complex contracts. They explore the diffi cult issues without bias, neither bashing nor coddling either the government or the contracting community. Senior procurement executives and program managers, from defense and civilian agencies, from the public and the private sector, and from the US and other countries,

28104_Management 20.11.2013_dollars.indd 1 07/02/2014 10:29

2 Management (general)

will all benefi t by studying and refl ecting on the analysis and advice set out in this thoughtful book.’Daniel I. Gordon, Associate Dean for Government Procurement Law, George Washington University Law School and President Obama’s Administrator for Federal Procurement Policy (2009–2011)



HIGHLIGHT

The Business School in the Twenty-First CenturyEmergent Challenges and New Business ModelsHoward ThomasSingapore Management University

Peter LorangeLorange Institute of Business

and Jagdish ShethEmory University, Atlanta

Questions about the status and legitimacy of business schools continue to stimulate debate amongst deans, educational policy makers and commentators. In this book, three world experts share their insights on new business school models, on designing the business school of the future, and how to make it work.

‘Lorange, Sheth and Thomas provide a comprehensive, data-fi lled overview of the business school landscape including its history and current conditions. With an appropriately broad focus on schools throughout the world, and by considering what skills business schools should impart

to their students and how they might accomplish this, this book is one of the very best overviews of the business school ecosystem.’Jeffrey Pfeffer, Thomas D. Dee, II Professor of Organizational Behavior, Stanford University



The Business of Corporate LearningInsights from PracticeShlomo Ben-HurIMD, Switzerland

Shlomo Ben-Hur examines the nature of corporate learning, suggesting what it might be and how it can be successfully integrated into a company’s strategic management system to deliver real business results.

‘This book is an insightful master class in how to approach the complex realities of running corporate learning as a business that adds value to an organisation – from strategy to all aspects of execution. Shlomo deals honestly with the politics that so often surround corporate learning. This book is a plea for change; it challenges the profession to rise above the frequent trinity of crisis, complacency and confusion to deliver the fundamental behavioural and performance shifts that organisations need. It provides the map – the question is, does the profession have the skill and will to navigate it?’Stephanie Bird, Director, HR Capability, Chartered Institute of Personnel and Development (CIPD)



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2013 228 x 152 mm 244pp 10 b/w illus. 1 table 978-1-107-02700-8 Hardback US$55.00


TEXTBOOK

Effective NegotiationFrom Research to ResultsSecond editionRay FellsUniversity of Western Australia, Perth

In this comprehensively updated second edition, Ray Fells presents useful, applicable strategies and advice on managing workplace and business negotiations.Contents: 1. An introduction to negotiation: why isn’t negotiation more straightforward?; 2. The essence of negotiation: what is at the core of any negotiation?; 3. The knight’s move: being strategic in negotiation; 4. The process of negotiation: phrases and phases: is there a pattern to negotiation or do I just go with the fl ow?; 5. A negotiation script and other ways to manage a negotiation; 6. Digging deep and dealing with differences; 7. Exploring options by creating an opportunity for a ‘light bulb’ moment; 8. The end-game exchange; 9. Negotiating on behalf of others; 10. Cross-cultural negotiations: different, but much the same; 11. Becoming an effective negotiator.2012 247 x 174 mm 272pp 50 b/w illus. 978-1-107-60538-1 Paperback US$72.00


The Essential Guide to Effect SizesStatistical Power, Meta-Analysis, and the Interpretation of Research ResultsPaul D. EllisHong Kong Polytechnic University

A jargon-free introduction for students and researchers looking to interpret the practical signifi cance of their results.2010 247 x 174 mm 192pp 9 b/w illus. 20 tables 978-0-521-19423-5 Hardback US$108.00978-0-521-14246-5 Paperback US$37.99


The Promise and Limits of Private PowerPromoting Labor Standards in a Global EconomyRichard M. LockeMassachusetts Institute of Technology

This book examines and evaluates various private initiatives to enforce fair labor standards within global supply chains. Through careful, empirically grounded analysis, it illustrates the mix of private and public regulation needed to address these complex issues in a global economy.

‘This is an outstanding book examining labor issues in global supply chains. The key strength is the level and quality of access Richard Locke has to company-level data. This type and level of access is quite unprecedented in political science. Theoretically, the book raises important issues regarding the effi cacy of voluntary


4 Management (general) / Strategic management

regulation, particularly the merits of compliance-based versus capacity-based approaches.’Aseem Prakash, Walker Family Professor for the College of Arts and Sciences, University of Washington

Cambridge Studies in Comparative Politics

2013 228 x 152 mm 223pp 20 b/w illus. 26 tables 978-1-107-03155-5 Hardback US$85.00978-1-107-67088-4 Paperback US$29.99


Strategic management

NEW IN PAPERBACK

Service Business DevelopmentStrategies for Value Creation in Manufacturing FirmsThomas FischerUniversität St Gallen, Switzerland

Heiko GebauerUniversität St Gallen, Switzerland

and Elgar FleischUniversität St Gallen, Switzerland

Over the last decade, capital goods manufacturers have added services to products as a way of responding to eroding margins and the loss of strategic differentiation. Based on over twelve years of research, this book provides a thorough overview of the strategies available for value creation through service business development.

‘This book presents a parsimonious integration of the vast research done on service business development over

the last two decades. The authors provide solid advice for service development not only based on the existing research, but also based on years of detailed empirical work. The resulting framework covers from internal capabilities, to the industry partners that different business models require to succeed, and addresses the concerns and challenges of SMEs as well as international networks of service providers.’Rogelio Oliva, Texas A&M University

2014 229 x 152 mm 320pp 61 b/w illus. 41 tables 978-1-107-65207-1 Paperback c. US$31.99Publication March 2014Also available978-1-107-02245-4 Hardback US$99.00


TEXTBOOK

Pragmatic StrategyEastern Wisdom, Global SuccessIkujiro NonakaHitotsubashi University, Tokyo

and Zhichang ZhuUniversity of Hull

Presents a unique pragmatic framework for shaping and solving strategic problems in a practical, creative and ethical manner.

‘Nonaka and Zhu’s remarkable book addresses fundamental issues in strategy. It is philosophical and practical at the same time. I recommend it to everyone who is concerned with business strategy and enterprise development.’David Teece, Hass School of Business, University of California, Berkeley


Strategic management 5

Visit our website at www.cambridge.org/knowledge

Contents: List of fi gures; List of tables; List of cited classics; Preface; Acknowledgements; Part I. Why Pragmatism, Why Now?: 1. Introduction; 2. Spirits of pragmatism; Part II. What Do Pragmatic Strategies Look Like?: 3. Strategies in a pragmatic world; 4. Strategy as purposeful emergence; Part III. What to Do, How to Do It?: 5. Dealing with wuli-shili-renli; 6. Timely balanced way-making; 7. Orchestrating WSR, orchestrating the fi rm; Part IV. Think When We Learn: 8. Questioning the conventional paradigm; 9. Pragmatism East and West; Notes; References; Index.2012 228 x 152 mm 544pp 25 b/w illus. 10 tables 978-1-107-00184-8 Hardback US$120.00978-0-521-17314-8 Paperback US$47.00


NEW IN PAPERBACK

Stakeholders MatterA New Paradigm for Strategy in SocietySybille SachsHochschule für Wirtschaft Zürich (HWZ)

and Edwin RühliUniversität Zürich

Challenges the basic assumptions of the dominant shareholder-value model and develops a new understanding of value creation based on mutuality.Business, Value Creation, and Society

2014 229 x 152 mm 298pp 25 b/w illus. 10 tables 978-1-107-62463-4 Paperback US$29.99Publication January 2014Also available978-0-521-19639-0 Hardback US$103.00


TEXTBOOK

Short Introduction to Strategic ManagementTorben Juul AndersenCopenhagen Business School

An expert account of strategic management and its contemporary challenges, combining conventional analytical approaches with dynamic strategy making. The author presents key concepts and theories in an accessible manner, ready to be applied in management practice, and includes many short real-world examples to illustrate issues in specifi c business contexts.

‘The Short Introduction to Strategic Management gives a solid grounding in the strategy fi eld and updates corporate decision makers on how to deal with contemporary challenges in turbulent business environments. This book makes a valuable contribution to the management literature.’Richard A. Bettis, Ellison Distinguished Professor of Strategy and Entrepreneurship, University of North Carolina, Chapel Hill

Contents: Preface; 1. The strategy concept; 2. Strategy formulation; 3. Strategy execution; 4. Integrative strategy; 5. Multinational corporate strategy; 6. Strategic leadership; Index.Cambridge Short Introductions to Management

2013 216 x 138 mm 311pp 93 b/w illus. 978-1-107-03136-4 Hardback US$80.00978-1-107-67135-5 Paperback US$27.99



6 Organisation studies

Organisation studies

NEW IN PAPERBACK

Decoding OrganizationBletchley Park, Codebreaking and Organization StudiesChristopher GreyUniversity of Warwick

How was Bletchley Park made as an organization? What was Bletchley Park’s culture and how was its work co-ordinated? Challenging many popular perceptions, this book examines the hitherto unexamined complexities of how 10,000 people were brought together in complete secrecy during World War II to work on ciphers.2013 229 x 152 mm 342pp 4 b/w illus. 3 tables 978-1-107-67675-6 Paperback US$38.00Also available978-1-107-00545-7 Hardback US$94.00


The Psychology of Organizational ChangeViewing Change from the Employee’s PerspectiveEdited by Shaul OregThe Hebrew University of Jerusalem

Alexandra MichelUniversität Heidelberg

and Rune Todnem ByStaffordshire University

This volume highlights the importance of the employee’s perspective to organizational change, improving our understanding of the nature of employee reactions to change, the antecedents of

these reactions and their consequences. The contributors examine how to make change work both for the organization and its members.

‘A fresh look at change management: stimulating, engaging and a much-needed publication. This is a compulsory read for all scholars and students interested in the subject.’Dorota Bourne, School of Business and Management, Queen Mary University of London



Exploring CreativityEvaluative Practices in Innovation, Design, and the ArtsEdited by Brian MoeranCopenhagen Business School

and Bo T. ChristensenCopenhagen Business School

Explores the creative processes surrounding the conception, design, manufacture, appraisal and use of creative goods, and examines evaluative practices in the creative industries. Moeran and Christensen draw from case studies to reveal a broad range of material, stylistic, aesthetic, organizational, situational and fi nancial factors which guide and restrain the creative process.

‘This cross-disciplinary, international collection of essays is marvelously eclectic. The central question of how creative industries evaluate their work is discussed via the lens of everything from dinnerware to clothing to fi lm festivals to restaurant rankings. This book – particularly the outstanding


Organisation studies 7


synthesis by Keith Sawyer – will be of great interest to creativity researchers and organizational scholars alike.’James C. Kaufman, Professor of Psychology and Founding Director of the Learning Research Institute, California State University at San Bernardino

2013 228 x 152 mm 336pp 7 b/w illus. 1 table 978-1-107-03343-6 Hardback US$90.00


Insurance and Behavioral EconomicsImproving Decisions in the Most Misunderstood IndustryHoward C. KunreutherUniversity of Pennsylvania

Mark V. PaulyUniversity of Pennsylvania

and Stacey McMorrowThe Urban Institute

This book examines the behavior of individuals at risk and insurance industry decision makers involved in selling, buying and regulation. It compares their actions to those predicted by benchmark models of choice derived from classical economic theory and is designed to eliminate the mistrust that characterizes the insurance industry.

‘For too many people insurance is a mystery not worth solving. The authors of Insurance and Behavioral Economics shed valuable light on insurance products and providers in an insightful examination for the benefi t of consumers, analysts, and students of the business. Even the industry would be wise to study the authors’ research, conclusions, and recommendations.’Franklin Nutter, President, Reinsurance Association of America



Organizational MyopiaProblems of Rationality and Foresight in OrganizationsMaurizio CatinoUniversità degli Studi di Milano-Bicocca

Organizational Myopia uses well-known case studies to examine the limitations of organizations to anticipate the effects of their decisions in order to recognize signs of danger or opportunity. It aims to understand how to limit the origins of myopia and therefore increase the capacity of organizations to foresee unexpected events.

‘The classic studies of bureaucracy emphasized how organizations made people collectively smarter. Organizational Myopia shows how and why organizations can dumb people down. Its multi-level perspective, novel analytic framework (distinguishing predictable vs. unpredictable surprises and manageable and unmanageable events) and vivid illustrations (exploding spacecraft, economic disasters, military misadventures, and many more) make [it] a book that will inform and engage seasoned scholars and novices alike.’Paul DiMaggio, A. Barton Hepburn Professor of Sociology and Public Affairs, Princeton University




8 Organisation studies

TEXTBOOK

A Short Course in Intermediate Microeconomics with CalculusRoberto SerranoBrown University, Rhode Island

and Allan M. FeldmanBrown University, Rhode Island

This book provides a concise treatment of the core concepts of microeconomic theory at the intermediate level with calculus.

‘This is an excellent text on intermediate microeconomics, one of the very best I have seen for some time. I am particularly impressed by the clarity of the presentation of the material. This is not surprising, given that this text is written by two top scholars. I anticipate it will be a huge success.’Abhinay Muthoo, University of Warwick

Contents: Preface; 1. Introduction; 2. Preferences and utility; 3. The budget constraint and the consumer’s optimal choice; 4. Demand functions; 5. Supply functions for labor and savings; 6. Welfare economics i: the one-person case; 7. Welfare economics ii: the many-person case; 8. Theory of the fi rm i: the single-input model; 9. Theory of the fi rm ii: the long run, multiple-input, single-output model; 10. Theory of the fi rm iii: the short run, multiple-input, single-output model; 11. Perfectly competitive markets; 12. Monopoly and monopolistic

competition; 13. Duopoly; 14. Game theory; 15. An exchange economy; 16. A production economy; 17. Externalities; 18. Public goods; 19. Uncertainty and expected utility; 20. Uncertainty and asymmetric information.2013 253 x 177 mm 393pp 128 b/w illus. 5 tables 978-1-107-01734-4 Hardback US$140.00978-1-107-62376-7 Paperback US$65.00


TEXTBOOK

Managing ChangeEnquiry and ActionNic BeechUniversity of St Andrews, Scotland

and Robert MacIntoshHeriot-Watt University, Edinburgh

A case-rich textbook that gives students and managers the tools they need to deal with the messy reality of change.

‘This is a fresh and exciting look at the theory and practice of managing organizational change. Beech and MacIntosh’s enquiry and action approach provides a framework that incorporates both well established and newer thinking and practices used in change management and organization development. The well written mix of theory, practical application, and cases makes the book an excellent choice for practising managers, consultants, and students. An outstanding contribution that could change how you think about and approach organizational change.’Robert J. Marshak, American University

Contents: Part I. Foundations: 1. Approaches to practising change management; 2. Current perspectives and classic ideas; Part II. Diagnosing: 3. Clarity and ambiguity; 4. Engagement


Organisation studies / International business 9


and vitality; 5. Stakeholder positioning and dynamics; 6. Culture, habits and unlearning; Part III. Enacting Change: 7. Changing structure; 8. Identity and change; 9. Choosing customers and competitors; 10. Changing processes; 11. Aligning people and activities; 12. Learning and developing; 13. Change through dialogue; Part IV. Explaining: 14. Developing and interpreting evidence and refl exive learning; 15. Accounting for change; 16. Conclusions; Part V. Extended Cases: Case 1 – ABB; Case 2 – ITS Canada; Case 3 – Island Opera; Case 4 – Oticon; Case 5 – Admiral Insurance; Case 6 – Power Provision; Case 7 – Nokia; Case 8 – Her Majesty’s Revenue and Customs; Case 9 – Apple; Index.2012 247 x 174 mm 288pp 36 b/w illus. 4 tables 978-1-107-00605-8 Hardback US$103.00978-0-521-18485-4 Paperback US$47.00


PowerPoint, Communication, and the Knowledge SocietyHubert KnoblauchTechnische Universität Berlin

This book explores the dynamics and limitations of PowerPoint as a means of communication.Learning in Doing: Social, Cognitive and Computational Perspectives



Exponential Random Graph Models for Social NetworksTheory, Methods, and ApplicationsEdited by Dean LusherSwinburne University of Technology, Victoria

Johan KoskinenUniversity of Manchester

and Garry RobinsUniversity of Melbourne

This book provides an account of the theoretical and methodological underpinnings of exponential random graph models (ERGMs).Structural Analysis in the Social Sciences, 35



International business

TEXTBOOK

The Business Environment of EuropeFirms, Governments, and InstitutionsTerrence R. GuayPennsylvania State University

Written for advanced undergraduate and postgraduate students studying international business, European studies and political economy, this is the fi rst textbook to provide a complete overview of Europe’s business environment, uncovering both the historical, political


10 International business

and cultural contexts of European business and the heterogeneous nature of Europe’s economy and government policies.

‘This is a clear, comprehensive and incisive look at Europe today and its relevance to global business in the 21st century. The author is both eloquent in explaining even the more diffi cult concepts and judicious in forming conclusions about where Europe stands today in the globalized world. He lucidly explains the leading scholarship in the fi eld and, as importantly, pinpoints its relevance to on-the-ground business practice within the European context. This book will be of great interest to academics, researchers and global business practitioners. It should become the standard textbook for students of modern European business.’Sanford L. Moskowitz, Ph.D., College of Saint Benedict, Saint John’s University

Contents: Acknowledgements; Preface; Part I. Understanding the Context of Europe’s Business Environment: 1. Introduction; Part II. The European Union: 2. Origins, development, and institutional framework; 3. Political economy of European integration; Part III. Models of Capitalism and National Business-Government Relations: 4. Market capitalism; 5. Managed capitalism; 6. State capitalism; 7. Central and Eastern Europe; Part IV. Government Policies

and Globalization: 8. Promoting business; 9. Regulating business; 10. Globalization and global actors; Part V. Opportunities and Challenges: 11. Industries; 12. The road ahead; Glossary; Index.2014 247 x 174 mm 350pp 25 b/w illus. 8 maps 42 tables 978-0-521-87247-8 Hardback c. US$96.00978-0-521-69416-2 Paperback c. US$39.99Publication May 2014


Schumpeterian Analysis of Economic Catch-upKnowledge, Path-Creation, and the Middle-Income TrapKeun LeeSeoul National University

Written for academic researchers, graduate students, policy-makers and practitioners, this book analyzes the reasons why some Asian countries have been able to catch up successfully with the most advanced economies of the world while other countries appear to get trapped at a middle-income level in economic development.

‘Based on convincing theoretical and empirical analyses, Professor Lee argues that Korea and Taiwan’s success hinges on their shift, after reaching middle-income status in the 1980s, to specialize on shorter cycle technology-based sectors, which rely less on existing technologies, allow their economies to leverage the greater opportunities that arise from the emergence of new technologies, and enable them to continue the catching up process. This book is original, makes important contributions to the development literature, and should




be read by anyone concerned about how to help a country overcome the middle-income trap.’Justin Yifu Lin, Peking University and Former Chief Economist, The World Bank



The Endurance of Family BusinessesA Global OverviewEdited by Paloma Fernandez PerezUniversitat de Barcelona

and Andrea ColliBocconi University

The Endurance of Family Businesses offers an overview of the importance and resilience of family-controlled large businesses. This collection of essays discusses the strengths of family businesses: the ways family fi rms have managed, fi nanced and governed their corporations, as well as the way in which they structure their relationship with the external environment.

‘Family business is everywhere but remains an elusive subject for researchers. The essays in this volume provide a refreshingly broad perspective by engaging deeply with the historical, global, cultural, and gender complexities involved in understanding this vibrant form of business ownership.’Geoffrey Jones, Isidor Straus Professor of Business History, Harvard Business School



Dynamics of International Business: Asia-Pacifi c Business CasesEdited by Prem RamburuthUniversity of New South Wales, Sydney

Christina StringerUniversity of Auckland

and Manuel SerapioUniversity of Colorado, Denver

Dynamics of International Business: Asia-Pacifi c Business Cases brings the challenges of the contemporary international business environment into the classroom. The cases draw on a diverse range of businesses and industries, illustrate fundamental themes and concerns within global business, span many countries across the Asia-Pacifi c region and include discussion questions.

‘It is not often that a case collection provides the depth, scope and clarity that make it a useful companion for both teaching and research. This collection does just that, providing an interdisciplinary lens with which to observe, refl ect on, and, most importantly, understand complex business problems, in particular in the Asia-Pacifi c region.’Oded Shenkar, Ford Motor Company Chair in Global Business Management, Ohio State University



2013 247 x 174 mm 264pp 15 b/w illus. 2 maps 978-1-107-67546-9 Paperback US$55.00


TEXTBOOK

International Economics and BusinessNations and Firms in the Global EconomySecond editionSjoerd BeugelsdijkRijksuniversiteit Groningen, The Netherlands

Steven BrakmanRijksuniversiteit Groningen, The Netherlands

Harry GarretsenRijksuniversiteit Groningen, The Netherlands

and Charles van MarrewijkUniversiteit Utrecht, The Netherlands

With a new title (following the successful fi rst edition of Nations and Firms in the Global Economy), this second edition undergraduate textbook combines the dual perspectives of international economics and international business, exploring key principles of the world economy and the theory and practice of globalization through an integrated lens.

Review of the fi rst edition:‘This book is a remarkable achievement. It covers all the pressing international economic issues of our day in an accessible yet thorough manner. The authors adroitly combine illustrative data and essential theory to explain the hows and whys of trade and trade liberalisation, the delocation of fi rms and multinational activity, capital fl ows, currency and fi nancial crises, and the role of international organisations such as the IMF and

WTO. It is appropriate for students without an economics specialisation both at the undergraduate and non-specialists graduate level, e.g. MBA and Masters of Public Administration. The facts and real-world feel of the book make it interesting as a supplement for specialist students as well.’Richard Baldwin, Graduate Institute of International Studies, Geneva

Contents: Preface; Part I. Introduction: 1. The global economy; 2. Getting the numbers right; Part II. Firms, Trade, and Location: 3. Trade, comparative advantage, and competition; 4. Modern trade theory: the role of the fi rm; 5. Trade restrictions and trade policy; 6. Firms, location, and distance; 7. Managing across borders; Part III. Capital, Currency, and Crises; 8. Exchange rates; 9. Currency crises and exchange rate policy; 10. Gains from international capital mobility; 11. Financial crises, fi rms, and the open economy; 12. The Great Recession; Part IV. Consequences of Globalization; 13. Globalization and growth; 14. Globalization and inequality; References; Index.2013 247 x 174 mm 596pp 151 b/w illus. 66 tables 978-1-107-03672-7 Hardback US$130.00978-1-107-65416-7 Paperback US$60.00





Partisan Investment in the Global EconomyWhy the Left Loves Foreign Direct Investment and FDI Loves the LeftPablo M. PintoColumbia University, New York

Pinto develops a partisan theory of foreign direct investment (FDI) arguing that left-wing governments choose policies that allow easier entry by foreign investors more than right-wing governments, and that foreign investors prefer to invest in countries governed by the left.

‘Pinto explores one of the key political questions asked of globalization: when and why would a government seek foreign direct investment? By providing analysts with a lucid and thorough examination of data on cross-country variation in both fl ows and regulation of FDI, Pinto shows how and why left-leaning parties are more likely to support FDI. This is a must-read book for scholars interested in economic development, globalization, and the politics of investment.’Judith Goldstein, Stanford University



TEXTBOOK

The Competitive Advantage of Emerging Market MultinationalsEdited by Peter J. WilliamsonJudge Business School, Cambridge

Ravi RamamurtiNortheastern University, Boston

Afonso FleuryUniversity of Sao Paulo

and Maria Tereza Leme FleuryFundação Getulio Vargas, São Paulo

Multinationals from the BRIC countries are a new and powerful force in global competition and are challenging the incumbency of much older global companies from Europe, the USA and Japan. This book examines how this new breed of multinationals has transformed global competition through innovation, foreign investment and overseas acquisitions.

‘This volume is an important and thoughtful contribution toward understanding the roots, evolution and current extent of the competitive advantages that help emerging market multinationals to become global players in the world FDI market.’Karl P. Sauvant, Vale Columbia Center on Sustainable International Investment, Columbia Law School

Contents: Introduction; Part I. Innovation and Competitive Advantage: 1. Innovation by Brazilian EMNEs; 2. Innovation by Russian EMNEs; 3. Innovation by Indian EMNEs; 4. Innovation by Chinese EMNEs; Commentaries on Part I: i. The contribution of innovation to EMNEs’ competitive advantage; ii. Innovation in emerging markets and the rise of emerging market MNEs; Part II. Value-Chain Confi guration



and Competitive Advantage: 5. Value-chain confi guration of Brazilian EMNEs; 6. Value-chain confi gurations of Russian EMNEs; 7. Value-chain confi gurations of Indian EMNEs; 8. Value-chain confi gurations of Chinese EMNEs; Commentaries on Part II: i. How emerging market multinational companies upgrade capabilities using value-chain confi guration in advanced economies; ii. Value-chain confi gurations of emerging country multinationals; Part III. Mergers and Acquisitions and Competitive Advantage: 9. Cross-border M&A and competitive advantage of Brazilian EMNEs; 10. Cross-border M&A and competitive advantage of Russian EMNEs; 11. Cross-border M&A and competitive advantage of Indian EMNEs; 12. Cross-border M&A and competitive advantage of Chinese EMNEs; Commentaries on Part III: i. Cross-border M&A by the new multinationals: different reasons to ‘go global’; ii. Cross-border acquisitions by EMNEs; Conclusion: rethinking the implications of EMNEs’ rise; References; Index.2013 228 x 152 mm 374pp 21 b/w illus. 32 tables 978-1-107-03255-2 Hardback US$99.00978-1-107-65941-4 Paperback US$45.00


The Decade of the MultilatinasJavier SantisoESADE Business School

Latin American multinationals (multilatinas) have been central in the rise of emerging markets in the last few decades. This book analyses the trends, the countries and the fi rms involved,

and explores the implications for the US, China, Spain and the rest of Europe.

‘The continued growth in global trade and investment is rapidly forcing us to rethink the way we look at the role of the emerging economies. Early in this long process, the focus was on local production in these economies, based on cheap labor and abundant resources. But much more is going on. This timely book focuses on the impressive international expansion of Latin corporations, an important topic that thus far has not received much attention. I highly recommend it to all audiences.’Arminio Fraga, Founder of Gávea Investimentos (acquired by JP Morgan) and former Governor of the Central Bank of Brazil



TEXTBOOK

International Business StrategySecond editionAlain VerbekeUniversity of Calgary

This is the fi rst textbook on international business strategy that combines analytical rigour and true managerial insight on the functioning of large multinational enterprises (MNEs). With unique commentary on 48 seminal articles, the book shows how these can be applied to businesses engaged in




international expansion, especially in high-distance markets.

‘Two things make Alain Verbeke’s book stand out from other textbooks. First, it incorporates the latest theoretical insights and helps students to understand the complexities of international business in the real world. Second, it is truly integrative, presenting a framework in the fi rst half of the book that is consistently used in all subsequent chapters and applications.’Sjoerd Beugelsdijk, Professor of International Business, University of Groningen, The Netherlands

Contents: List of fi gures; List of case studies; About the author; Foreword; Acknowledgements; List of abbreviations; Walkthrough; Introduction and overview of the book’s framework; Part I. Core Concepts: 1. Conceptual foundations of international business strategy; 2. The critical role of fi rm-specifi c advantages; 3. The nature of home country location advantages; 4. The problem with host country location advantages; 5. Combining fi rm-specifi c advantages and location advantages in a multinational framework; Part II. Functional Issues: 6. International innovation; 7. International sourcing and production; 8. International fi nance; 9. International marketing; 10. Managing managers in the multinational enterprise; Part III. Dynamics of Global Strategy: 11. Entry mode dynamics 1: foreign distributors; 12. Entry mode dynamics 2: strategic alliance partners; 13. Entry mode dynamics 3: mergers and acquisitions; 14. The role of emerging economies; 15. Emerging economy multinational enterprises; 16A. International strategies

of corporate social responsibility; 16B. International strategies of corporate environmental sustainability; Conclusion. The true foundations of global corporate success; Appendix: suggested additional readings.2013 247 x 174 mm 611pp 61 b/w illus. 978-1-107-02789-3 Hardback US$150.00978-1-107-68309-9 Paperback US$75.00


TEXTBOOK

Management Across CulturesDeveloping Global CompetenciesSecond editionRichard M. SteersUniversity of Oregon

Luciara NardonCarleton University, Ottawa

and Carlos J. Sanchez-RundeIESE Business School, Barcelona

This popular textbook explores the latest approaches to cross-cultural management, as well as strategies and tactics for managing international assignments and global teams. With a clear emphasis on learning and development, it encourages students to acquire skills in multicultural competence that will be highly valued by their future employers.

‘This is an exceptional textbook. The authors artfully translate academic theory and empirical research fi ndings to practical applications in a manner that makes for compelling reading. This book is a wonderful guide both to the student who is a ‘global neophyte’ and for students who have had the opportunity to live and perhaps work overseas. This is one of the best international management textbooks



that I have come across in thirty years of working in the fi eld. I heartily recommend it.’Mark E. Mendenhall, J. Burton Frierson Chair of Excellence in Business Leadership, University of Tennessee

Contents: Part I. Challenges for Global Managers: 1. The new global realities; 2. The new global managers; Part II. Developing Global Understanding: 3. The cultural environment; 4. The organizational environment; 5. The situational environment; Part III. Developing Global Management Skills: 6. Communicating across cultures; 7. Negotiating global agreements; 8. Leading global organizations; 9. Managing a global workforce; 10. Working with global teams; 11. Living and working globally; 12. Epilogue: the journey continues.2013 247 x 174 mm 456pp 86 b/w illus. 978-1-107-03012-1 Hardback US$99.00978-1-107-64591-2 Paperback US$55.00


The IMF and Global Financial CrisesPhoenix Rising?Joseph P. JoyceWellesley College, Massachusetts

Joyce traces the IMF’s actions to promote international fi nancial stability from the Bretton Woods era through the recent recession.2013 228 x 152 mm 257pp 17 b/w illus. 19 tables 978-0-521-87417-5 Hardback US$50.00


Travel Industry EconomicsA Guide for Financial AnalysisSecond editionHarold L. Vogel

Harold L. Vogel examines the economics and investment aspects of major industry components including airlines, hotels, casinos and theme parks.2013 228 x 152 mm 346pp 57 b/w illus. 48 tables 978-1-107-02562-2 Hardback US$83.00


Managing Human Resources in ChinaThe View from Inside MultinationalsYu ZhengRoyal Holloway, University of London

This book explores the emergence of new employment practices within foreign-invested Chinese Multinational Corporations from an employee perspective.2012 228 x 152 mm 297pp 13 b/w illus. 11 tables 978-1-107-01355-1 Hardback US$95.00





TEXTBOOK

Global Turning PointsUnderstanding the Challenges for Business in the 21st CenturyMauro F. GuillénWharton School, University of Pennsylvania

and Emilio OntiverosUniversidad Autónoma de Madrid

Offers an accessible, yet sophisticated analysis of major global turning points and future scenarios with an emphasis on actionable issues.

‘This book is a must-read for managers who don’t want to be caught by surprise by changes in the global economy, swings in world politics or unprecedented transformations in social mores. Global Turning Points offers a much-needed guide to navigate through the heightened volatility of the business environment.’Moisés Naím, Carnegie Endowment for International Peace, and former Editor-in-Chief, Foreign Policy magazine

Contents: 1. Welcome to the twenty-fi rst century; 2. A global economy out of balance; 3. The rise of the emerging-market multinationals; 4. The new demography: ageing, migration, and obesity; 5. From dictatorship to democracy and failed states; 6. A disparate world: inequality and poverty; 7. The quest for sustainability; 8. The global powers of the twenty-fi rst century; 9. Coping with uncertainty and complexity.2012 228 x 152 mm 196pp 29 b/w illus. 1 map 10 tables 978-1-107-02564-6 Hardback US$83.00978-1-107-65820-2 Paperback US$33.99


India’s Late, Late Industrial RevolutionDemocratizing EntrepreneurshipSumit K. MajumdarUniversity of Texas, Dallas

Catalogues and explains India’s late, late industrial revolution through a combination of rigorous analysis and entertaining anecdotes.2012 228 x 152 mm 472pp 32 b/w illus. 44 tables 978-1-107-01500-5 Hardback US$96.00978-1-107-62286-9 Paperback US$30.99


TEXTBOOK

An Introduction to International EconomicsNew Perspectives on the World EconomyKenneth A. ReinertGeorge Mason University, Virginia

Designed for a one- or two-semester course in international economics, targeting non-economics majors and programs in business, international relations, public policy and development studies.

‘An Introduction to International Economics is one of the rare economics textbooks that students actually enjoy reading. Kenneth Reinert covers an enormous range of material on international economics succinctly and in a language that students can understand. It is the perfect book for a one-semester course on international trade and fi nance, which also offers chapters


18 International business / Business ethics

on multinational enterprises and economic development for professors who wish to emphasize those topics.’Robert A. Blecker, American University

Contents: Preface; 1. Windows on the world economy; Part I. International Trade: 2. Absolute advantage; 3. Comparative advantage; 4. Intra-industry trade; 5. The political economy of trade; 6. Trade policy analysis; 7. The World Trade Organization; 8. Preferential trade agreements; Part II. International Production: 9. Foreign market entry and international production; 10. Foreign direct investment and intra-fi rm trade; 11. Managing international production; 12. Migration and international production; Part III. International Finance: 13. Accounting frameworks; 14. Exchange rates and purchasing power parity; 15. Flexible exchange rates; 16. Fixed exchange rates; 17. The international monetary fund; 18. Crises and responses; 19. Monetary unions; Part IV. International Economic Development: 20. Development concepts; 21. Growth and development; 22. International production and development; 23. The World Bank; 24. Structural change and adjustment.2012 253 x 177 mm 492pp 117 b/w illus. 51 tables 978-1-107-00357-6 Hardback US$169.00978-0-521-17710-8 Paperback US$73.00


The Third Industrial Revolution in Global BusinessEdited by Giovanni DosiScuola Superiore Sant’Anna

and Louis GalambosThe Johns Hopkins University

The essays in this volume ask whether the widespread adoption of digital technology has led to large-scale or structural changes in modern business systems. The book provides a robust exploration of the impact the third industrial revolution – the digital revolution – had on global business.Comparative Perspectives in Business History

2013 228 x 152 mm 254pp 13 b/w illus. 1 map 20 tables 978-1-107-02861-6 Hardback US$90.00


Business ethics

Public Trust in BusinessEdited by Jared D. HarrisUniversity of Virginia

Brian MoriartyUniversity of Virginia

and Andrew C. WicksUniversity of Virginia

A team of leading experts discuss public trust in business, one of the most pressing issues facing business and the global economy today. This must-read book provides cutting-edge research on the topic, identifying core drivers of public trust and outlining long-term


Business ethics 19


strategies for building and maintaining trust in business.2014 228 x 152 mm 320pp 10 b/w illus. 12 tables 978-1-107-02387-1 Hardback c. US$99.00978-1-107-65020-6 Paperback c. US$39.99Publication May 2014


Obstacles to Ethical Decision-MakingMental Models, Milgram and the Problem of ObediencePatricia H. WerhaneDePaul University, Chicago

Laura Pincus HartmanDePaul University, Chicago

Crina ArcherElaine E. EnglehardtUtah Valley State College

and Michael S. PritchardWestern Michigan University

Obedience to an authority is often found to adversely affect individuals’ abilities to make ethical decisions in business. In this work, the authors analyse this claim, and suggest how a development of the ‘moral imagination’ enables decision-makers to be aware of, and mitigate, the infl uence of power – and obedience – relationships.

‘The authors do a wonderful job of connecting the problem of obedience to the merging fi eld of behavioral ethics. Their articulation highlights how common aspects about how humans make decisions lead us to be obedient when a more refl ective analysis dictates action. Managers and

scholars will be prompted to more courageous acts of disobedience after reading this book.’Max H. Bazerman, Straus Professor, Harvard Business School

2013 228 x 152 mm 256pp978-1-107-00003-2 Hardback US$90.00


Wall Street ValuesBusiness Ethics and the Global Financial CrisisMichael A. SantoroRutgers Business School, New Jersey

and Ronald J. StraussMontclair State University, New Jersey

This timely book answers complex and perplexing questions raised by Wall Street’s role in the fi nancial crisis. What are the economic and moral connections between Wall Street and the overall economy? How did we arrive at this point in history where our most powerful fi nancial institutions thwart rather than promote free markets, prosperity and even social cohesion? Can the fractured relationship between Wall Street and Main Street be repaired? Wall Street Values chronicles the transformation of Wall Street’s business model from serving clients to proprietary trading and explains how this shift undermined the ethical foundations of the modern fi nancial industry. Michael A. Santoro and Ronald J. Strauss argue that post-millennial Wall Street is not only ‘too big to fail’ but also a threat to the economy even when it succeeds.

‘The fi nancial crisis has been examined from every angle except this one: the ethical lapses that led up to it. Time


20 Business ethics

spent reading this highly original book is time well spent. It will make you think.’Alan Blinder, Princeton University



Corporate ResponsibilityThe American ExperienceArchie B. CarrollUniversity of Georgia

Kenneth J. LipartitoFlorida International University

James E. PostBoston University

and Patricia H. WerhaneDePaul University, Chicago

General Editor Kenneth E. GoodpasterUniversity of St Thomas, Minnesota

A landmark history of corporate responsibility, showing the changes in corporate power and business behaviour since the mid-eighteenth century.2012 247 x 174 mm 562pp 39 b/w illus. 80 colour illus. 978-1-107-02094-8 Hardback US$130.00978-1-107-60525-1 Paperback US$51.00


Grassroots for HirePublic Affairs Consultants in American DemocracyEdward T. WalkerUniversity of California, Los Angeles

Aimed at students and researchers in sociology, political science, management, and communication, this book illuminates how elite consultants have adopted grassroots advocacy tactics for paying clients. Rather than being dismissed as mere ‘astroturf’, these consultants’ campaigns should be seen as having real effects on political participation and policymaking.Business and Public Policy

2014 228 x 152 mm 250pp 13 b/w illus. 8 tables 978-1-107-02136-5 Hardback c. US$95.00978-1-107-61901-2 Paperback c. US$34.99Publication February 2014


Virtue in BusinessConversations with AristotleEdwin M. HartmanNew York University

Edwin Hartman introduces graduate students and academic researchers to the value of applying Aristotle’s virtue approach to business. He demonstrates how the virtue approach can deepen our understanding of business ethics, and how it can contribute to contemporary discussions of character, rationality, corporate culture, ethics education and global ethics.

‘The ethics of the great ethical theorists should apply to the world today including the world of business. In a comprehensive and clear explanation of Aristotle’s ethical


Business ethics 21


theory Hartman shows without a doubt the relevance of Aristotle’s ethical theory to business.’Norman E. Bowie, Professor Emeritus, University of Minnesota

Business, Value Creation, and Society



Corporate Social EntrepreneurshipIntegrity WithinChristine A. HemingwayNottingham University Business School

Business ethics teaching appears to have had little impact, particularly in the light of continued malpractice and misdemeanour in the form of fi nancial scandals, environmental disasters and adverse consequences for communities. In this timely work, Hemingway reveals fresh insights to suggest how integrity in the workplace can be encouraged.

‘This book is long overdue. Corporate social entrepreneurship is the exciting new wave in understanding corporate social responsibility. To date, however, the buzz has been loud and the academic response muted. Hemingway fi lls this silence. She pushes the reader to see how corporate responsibility stretches far beyond the simple task of avoiding fi nes and scandals to include goals that spring from the self-transcendent values of employees.’Thomas Donaldson, Mark O. Winkelman Endowed Professor, University of Pennsylvania




Capitalism, Corporations and the Social ContractA Critique of Stakeholder TheorySamuel F. MansellUniversity of St Andrews, Scotland

In whose interests should a corporation be run? Proponents of ‘stakeholder theory’ propose a distinctive answer: it should be run in the interests of its primary stakeholders. Samuel Mansell offers a detailed critique of this claim, arguing that stakeholder theory undermines the principles on which a market economy is based.

‘Mansell offers a thorough but highly readable, a close but wide ranging, and a sympathetic but ultimately critical account of stakeholder theory which renews key debates about the corporation and its objectives.’Jeremy Moon, International Centre for Corporate Social Responsibility, Nottingham University Business School





22 Business ethics / Governance

TEXTBOOK

Ethics and FinanceAn IntroductionJohn HendryUniversity of Reading

This book provides a comprehensive introduction to the ethical issues raised by modern fi nance. Hendry draws on ethical theory to provide an analysis of the global fi nancial system and its regulation and control. The book addresses major recent fi nancial scandals, and will be valuable for fi nance students and practitioners.Contents: Preface; 1. Opening case study: the fi nancial crisis; 2. Introduction; 3. Ethical foundations; 4. The fi nancial system; 5. Lending and borrowing: where fi nance meets ordinary people; 6. Trading and speculation: the ethics of fi nancial markets; 7. Agency and accountability: managing other people’s money; 8. Products, promotion and client relationships; 9. Financial reporting and corporate governance; 10. Epilogue: the ethics of fi nancial regulation.Cambridge Applied Ethics



After GreenwashingSymbolic Corporate Environmentalism and SocietyFrances BowenQueen Mary, University of London

Businesses show their environmental credentials through green buildings, eco-labels, reports and pledges. When are these symbols corporate spin, and when do they signal and co-ordinate authentic

environmental improvements? This book will help scholars, regulators and researchers to recognise the difference and reinvigorate social conversation on environmental problems and their solutions.Organizations and the Natural Environment

2014 228 x 152 mm 250pp978-1-107-03482-2 Hardback c. US$90.00Publication May 2014


Governance

Corporate Governance and Initial Public OfferingsAn International PerspectiveEdited by Alessandro ZattoniUniversità degli Studi di Napoli ‘Parthenope’

and William JudgeOld Dominion University, Virginia

Based on an international research project, this book analyses the corporate governance of Initial Public Offerings (IPOs) in twenty-one countries. The end result is a broad and deep assessment of governance practices and IPO activity for an array of economies that represent roughly 80% of the global economy.

‘This book is the fi rst, and at this point defi nitive, cross-national examination of IPO markets. As such it will be an invaluable tool to scholars, policymakers and corporations. The breadth and scope of the papers is impressive and the collective


Governance 23


knowledge will serve as a primary source of foundational knowledge for years to come.’Tim Devinney, Professor of Strategy at the University of Technology, Sydney

2014 229 x 152 mm 612pp 3 b/w illus. 180 tables 978-1-107-63569-2 Paperback c. US$37.99Publication March 2014Also available978-1-107-01686-6 Hardback US$125.00


Hedge Fund Activism in JapanThe Limits of Shareholder PrimacyJohn BuchananUniversity of Cambridge

Dominic Heesang ChaiSeoul National University

and Simon DeakinUniversity of Cambridge

Hedge fund activism is an expression of shareholder primacy, an idea that has come to dominate discussion of corporate governance theory and practice. This book provides an examination of confrontational hedge fund activism in Japan in the period between 2001 and the onset of the global fi nancial crisis in 2008.

‘Burrough and Helyar’s Barbarians at the Gate now has a worthy successor. Buchanan et al.’s subtitle might be ‘The Barbarians with a Foot in the Door’. The ‘activist’ American and European funds have acted as the advance guard of that ‘pure’ form of Anglo-Saxon capitalism which sees shareholder profi t as the supreme good. Their descriptions of the funds’ various raids on decently effi cient

but naive Japanese companies make fascinating reading, and their judgements are judicious.’Ronald Dore, London School of Economics and Political Science

2013 229 x 152 mm 388pp 12 b/w illus. 10 tables 978-1-107-67250-5 Paperback US$52.00


Human Rights Obligations of BusinessBeyond the Corporate Responsibility to Respect?Edited by Surya DevaCity University of Hong Kong

and David BilchitzUniversity of Johannesburg

This book provides a detailed critical evaluation of the Ruggie Framework and the Guiding Principles on Business and Human Rights, focusing on their non-binding character, the limited ambit and scope of corporate responsibility, the excessive focus on the role of states, and the failure to overcome obstacles in enforcing corporate obligations.2013 228 x 152 mm 452pp978-1-107-03687-1 Hardback US$130.00For all formats available, seewww.cambridge.org/9781107036871


24 Governance

HIGHLIGHT

Strong Managers, Strong OwnersCorporate Governance and StrategyHarry KorineINSEAD, Fontainebleau, France

and Pierre-Yves GomezEM Lyon, France

Opening the black box of agency theory, Korine and Gomez show how management and ownership interact to shape the strategy of the fi rm. Using numerous detailed examples, they show that the critical question to ask is not what is the best strategy, but rather, who is the strategy for?

‘Strong Managers, Strong Owners raises critical questions that have not been asked before. Corporation mythology is clear that the enterprise is run for the benefi t of the owners. The circumstances now confronting us require attention to the dispersion and confusion of shareholdings. We are approaching a time when nobody really knows who are the owners of the large publicly traded companies. Everyone needs to understand that the assumptions behind our conclusions about corporate governance are no longer valid – this book is a splendid entrée into the questions of the new time. You should read it.’Robert A. G. Monks, shareholder activist, author and co-founder of Institutional Shareholder Services, Lens Investment Management, Lens Governance Advisors and The Corporate Library

2013 228 x 152 mm 224pp 5 b/w illus. 13 tables 978-1-107-04420-3 Hardback US$60.00For all formats available, seewww.cambridge.org/9781107044203

TEXTBOOK

Theory and Practice of Corporate GovernanceAn Integrated ApproachStephen Bloomfi eldAnglia Ruskin University, Cambridge

Based on extensive practical and academic experience this textbook explains how the real world of corporate governance works. It examines the historical development of corporate governance and uses worldwide examples to compare theoretical explanations with practical outcomes, providing a comprehensive review of how companies and markets are run.

‘This critical and thought-provoking analysis of the theory and practice of corporate governance should be required reading for every board director, regulator, MBA student, as well as professionals. Indeed, it should perhaps be read by everyone who has an interest in why our current governance system seems, to many people, no longer fi t for purpose and, as the author suggests, in need of a total rethink.’Nick Gould, Collyer Bristow LLP

Contents: Part I. The Discipline of Governance: 1. The landscape and defi nitions of governance: the major actors; 2. Inward-facing governance; 3. Outward-facing governance; Part II. The Relationship Between Law and Governance: 4. The protection of the laws; 5. Critical governance law; Part III. Governance and the Listed Company: 6. The development of governance – the Governance Codes; 7. The 2007–8 fi nancial crises: the failure of systemic governance; 8. Systemic governance: the Turner Review, the Walker Review and the Vickers Commission; Part IV. Governance and Regulation:


Governance 25


9. The company and the stock market; 10. Non-shareholder regulation of companies; 11. Changes in regulatory structures – the PRA, the FCA and the ICB recommendations; 12. Failure – the abiding characteristic of regulation; 13. Accounting for profi ts: the root of information asymmetry; 14. Reward and performance; Part VI. Counter-Governance: Failures of Governance and Corporate Failure: 15. Counter-governance (1): theory; 16. Counter-governance (2): abuse of stakeholders; 17. Concluding remarks; Bibliography; Index.2013 247 x 174 mm 440pp 1 b/w illus. 2 tables 978-1-107-01224-0 Hardback US$120.00978-1-107-61224-2 Paperback US$60.00


Boards and Shareholders in European Listed CompaniesFacts, Context and Post-Crisis ReformsEdited by Massimo BelcrediUniversità Cattolica del Sacro Cuore, Milano

and Guido FerrariniUniversity of Genoa

This volume analyses some of the main issues in European Corporate Governance. Its key features (empirical analysis based on new data of pivotal topics in CG; European viewpoint; development of clear policy implications from leading European experts) make it

a reference point in both the academic and the policy debate.International Corporate Law and Financial Market Regulation



Comparative Corporate GovernanceA Functional and International AnalysisEdited by Andreas M. FlecknerMax-Planck-Institut für ausländisches und internationales Privatrecht, Germany

and Klaus J. HoptMax-Planck-Institut für ausländisches und internationales Privatrecht, Germany

Corporate governance is currently one of the key topics for legislation, practice and academia across the world. Comparative Corporate Governance combines current scholarship in law and economics with the expertise of local corporate governance specialists from twenty-three countries in a must-have for corporate lawyers, regulators and academics.Contributors: Andreas M. Fleckner, Klaus J. Hopt, Jennifer G. Hill, Junhai Liu, Knut B. Pissler, Wen-Yeu Wang, Wang-Ruu Tseng, Nobuo Nakamura, Susanne Kalss, Alexia Autenne, Jan S. Christensen, Jukka T. Mähönen, Pierre-Henri Conac, Lado Chanturia, George Jugeli, Hanno Merkt, Péter J. Nikolicza, Isabelle Corbisier, Jaron van Bekkum, Steven Hijink, Michael Schouten, Jaap Winter, Beate Sjåfjell, Cecilie Kjelland, Stanislaw Soltysiński, Jorge


26 Governance / Human resource management

M. Coutinho de Abreu, José A. García-Cruces González, Ignacio Moralejo Menéndez, Peter V. Kunz, Marc T. Moore, Raúl A. Etcheverry, Rafael M. Manóvil, Nelson Eizirik, Ana C. Weber, Arthur R. Pinto, Franklin A. GevurtzInternational Corporate Law and Financial Market Regulation

2013 228 x 152 mm 1173pp 2 b/w illus. 978-1-107-02511-0 Hardback US$240.00


Human resource management

TEXTBOOK

International Human Resource ManagementMustafa ŐzbilginBrunel University

Dimitria GroutsisUniversity of Sydney

and William HarveyUniversity of Exeter

International Human Resource Management offers a contemporary and multilayered introduction to international and comparative human resource management for university study. It critically analyses the core issues and emerging trends in the fi eld, with a consistent emphasis on real-world scenarios and concerns.Contents: Introduction: a multilevel approach to international human resource management; 1. Global trends in international human resource management; 2. Cross-cultural management and managing cultural diversity; 3. Key players in international human resource management; 4. Recruitment and selection

in the international context; 5. Cross-cultural training and development for overseas assignments; 6. International reward; 7. Employee retention; 8. International labour relations (ILR); 9. Reputation in the context of IHRM; 10. Expatriation and repatriation: case study in the Asia-Pacifi c; 11. Balancing infl ows and outfl ows: case study in Europe; 12. Understanding self-initiation and lessons for international HR managers: case study insights from North America and Africa; 13. Conclusion.2014 247 x 174 mm 304pp978-1-107-66954-3 Paperback c. US$79.95Publication June 2014


TEXTBOOK

Human Capital and Global Business StrategyHoward ThomasSingapore Management University

Richard R. SmithSingapore Management University

and Fermin DiezSingapore Management University

Human capital – the performance and the potential of people in an organization – has become an increasingly important issue. With a strong practitioner focus, this book provides business leaders and HR professionals with new insights into how to improve business performance through a unique, strategic approach to human capital.

‘This is an important book for all executives and managers who want to know how to help improve company results through people. Many CEOs put people at the top of their agendas, but


Human resource management 27


are often not sure what to ask of their HR functions. This book uncovers some HR practices that link to business strategy and builds the foundation for truly turning people into the company’s most valuable asset. Thomas, Smith and Diez forge ahead with a framework and methodologies rooted in academic research yet tested in real-life situations through seminal consulting work. With the insights gained from reading these pages, people managers and HR practitioners can improve the execution of business strategy and gain lasting competitive advantage.’Orlando D. Ashford, President, Talent Business Segment, Mercer

Contents: Foreword; 1. Introduction; 2. Culture; 3. Leadership; 4. Structure; 5. Talent management; 6. Human capital metrics; 7. Change management; 8. Conclusion; Index.2013 246 x 189 mm 264pp 50 b/w illus. 11 tables 978-1-107-03315-3 Hardback US$95.00978-1-107-61328-7 Paperback US$38.00


TEXTBOOK

Australian Workplace RelationsEdited by Julian TeicherMonash University, Victoria

Peter HollandMonash University, Victoria

and Richard GoughVictoria University of Technology, Melbourne

Australian Workplace Relations explores workplace relations in the twenty-fi rst century, covering issues relating to trade union membership, occupational health, disadvantaged workers and surveillance. The book examines the Global Financial

Crisis and the Fair Work Act 2009. Case studies cover health, retail and hospitality, the public sector and motor vehicle components.Contents: 1. Globalization, economic policy and the labor market; 2. The Australian employment model in an international context; 3. Australian trade unions and international labor movements; 4. International employment regulation and labor rights; 5. Australian employment regulation; 6. The changing role of human resources management in the employment relationship; 7. The dynamics of employee voice in Australia; 8. Changing patterns of workplace confl ict and dispute resolution; 9. Monitoring and surveillance in the employment relationship: the new frontier; 10. Diversity and disadvantaged workers; 11. The challenge to workplace health and safety and the changing nature of work and the working environment; 12. From reactive fl exibility to strategic fl exibility in retail and hospitality; 13. Restructuring Victorian public hospitals and the implications for work and work organization; 14. Global supply chains and workforce fl exibility in automotive components; 15. The Australian public service – the challenges ahead.2013 247 x 170 mm 344pp 19 b/w illus. 978-1-107-66485-2 Paperback US$99.99



28 Human resource management / Entrepreneurship and innovation

TEXTBOOK

Short Introduction to Strategic Human Resource ManagementWayne F. CascioUniversity of Colorado, Denver

and John W. BoudreauUniversity of Southern California

Leading authors explain strategic and risk management approach to human resource management. Numerous examples in every chapter illustrate key points.

‘This book offers a novel contribution to HR strategy with its risk management perspective and call for HR to incorporate more disciplines, rely on boundary spanning and accept diverse defi nitions of the role. It is replete with ideas and examples and provides strong insight for advanced students and refl ective practitioners alike.’Paul R. Sparrow, Lancaster University Management School

Contents: 1. What is strategy?; 2. The external environment; 3. HR strategy in context: environmental, organizational, and functional elements; 4. HR strategy through a risk-optimization framework; 5. HR strategy: linkages, anchor points, and outcomes; 6. HR strategy: communication and engagement; 7. Outcomes of successful business and HR strategies; 8. Future forces and trends driving HR strategy.Cambridge Short Introductions to Management



Entrepre-neurship and innovation

Creating New Markets in the Digital EconomyValue and WorthIrene C. L. NgUniversity of Warwick

Sharing her unique perspective of both business and academia, Irene Ng examines the implications of digital connectivity for business, with a focus on new business models and the personalisation of products and services. This book is an important resource for business leaders, entrepreneurs and policy makers, as well as students.

Advance praise:‘In Creating New Markets in the Digital Economy, Professor Ng skilfully makes the extremely diffi cult topics of ‘value’ and its creation accessible to the novice reader while, at the same time, offering alternative orientations and useful insights for advanced readers. She artfully weaves together historical and contemporary perspectives with emerging technological developments to reveal innovative possibilities for value (co)creation through the institutionalization of new, market-based solutions.’Stephen L. Vargo, University of Hawaii

2014 228 x 152 mm 296pp 62 b/w illus. 1 table 978-1-107-04935-2 Hardback US$90.00978-1-107-62742-0 Paperback US$37.99Publication January 2014



Entrepreneurship and innovation 29


The Entrepreneurial EngineerHow to Create Value from IdeasMichael B. TimmonsCornell University, New York

Rhett L. WeissCornell University, New York

Daniel P. LoucksCornell University, New York

John R. CallisterCornell University, New York

and James E. Timmons

Written by teachers and successful entrepreneurs, this textbook includes guidance, instruction and practical lessons for the prospective entrepreneur. The book focuses on early stage fi nancing of a start-up company, beginning with an emphasis on constructing an effective business plan and preparing solid fi nancial statements.2013 253 x 177 mm 496pp 29 b/w illus. 29 tables 114 exercises 978-1-107-02472-4 Hardback US$145.00978-1-107-60740-8 Paperback US$75.00For all formats available, seewww.cambridge.org/9781107024724

Entrepreneurship, Growth, and Public PolicyEdited by Zoltan J. AcsGeorge Mason School of Public Policy, Fairfax

David B. AudretschIndiana University, Bloomington

and Robert J. StromKauffman Foundation, Kansas City

The purpose of this volume, fi rst published in 2009, is to provide a lens through which public policy decisions involving entrepreneurship can be guided and analyzed. In particular, this volume provides insights from leading

research concerning the links between entrepreneurship, innovation, and economic growth that shed light on implications for public policy.

‘This volume contains an important set of papers by leading scholars explaining why entrepreneurship matters. By focusing on the role of entrepreneurship in innovation and economic growth and on how public policy can support this role, this book provides useful insights and an excellent overview. It will be a valuable source of information and inspiration for economists interested in entrepreneurship and growth for years to come.’Bo Carlsson, Case Western Reserve University

2013 229 x 152 mm 358pp 27 b/w illus. 21 tables 978-1-107-68653-3 Paperback US$39.99Also available978-0-521-89492-0 Hardback US$90.00


The Business of Healthcare InnovationSecond editionEdited by Lawton Robert BurnsUniversity of Philadelphia

Second edition of a wide-ranging analysis of business trends in the manufacturing segment of the healthcare industry.2012 247 x 174 mm 608pp 89 b/w illus. 65 tables 978-1-107-02497-7 Hardback US$103.00978-1-107-60777-4 Paperback US$59.00



30 Entrepreneurship and innovation / Marketing

Social EntrepreneurshipTheory and PracticeRyszard PraszkierUniwersytet Warszawski, Poland

and Andrzej NowakThe Warsaw School of Social Sciences and Humanities

This book is about the creative ways in which social entrepreneurs solve pressing and insurmountable social problems.2012 228 x 152 mm 248pp 43 b/w illus. 978-0-521-76731-6 Hardback US$94.00978-0-521-14978-5 Paperback US$34.99


Marketing

TEXTBOOK

Principles of Integrated Marketing CommunicationsA Focus on New Technologies and Advanced TheoriesLawrence AngMacquarie University, Sydney

Principles of Integrated Marketing Communications explains the principles and practice of implementing an effective marketing strategy using a variety of channels and techniques. Designed to introduce IMC in an engaging way, this valuable resource equips students with the knowledge to develop sophisticated marketing

campaigns for contemporary business environments.Contents: 1. Communications barriers and planning the Integrated Marketing Communications (IMC); 2. Principles of generating insights; 3. Principles of brand positioning; 4. Principles of media planning and budgeting in advertising; 5. Traditional and digital media; 6. Principles of advertising creativity; 7. Planning and executing the creative appeal; 8. Principles of social infl uence; 9. Principles of using public relations, corporate reputation and sponsorship; 10. Principles of infl uence in personal selling; 11. Principles of direct marketing and sales promotion; 12. Principles of advertising: pretesting and campaign tracking; 13. An integrative review.2014 247 x 174 mm 400pp 165 colour illus. 978-1-107-64918-7 Paperback US$110.00Publication March 2014


HIGHLIGHT

Service-Dominant LogicPremises, Perspectives, PossibilitiesRobert F. LuschUniversity of Arizona

and Stephen L. VargoUniversity of Hawaii, Manoa

Keenly anticipated primer on the principles and applications of Lusch and Vargo’s groundbreaking work, describing the shift from a product-centred view of the fi rm to a service-led model. Originating in the fi eld of marketing, the foundational premises of SDL have


Marketing 31


wider implications for the future of the organization of the fi rm.2013 247 x 174 mm 220pp 31 b/w illus. 978-0-521-19567-6 Hardback c. US$88.00978-0-521-12432-4 Paperback c. US$32.00Publication Januray 2014


Marketing Strategy Two Volume PackAlvin LeeDeakin University, Victoria

and Mark EdwardsUniversity of Western Australia, Perth

This pack contains both the textbook and casebook. Marketing Strategy: A Life-Cycle Approach teaches students how to devise, implement and monitor strategies for superior performance in the market. With a matching structure, Marketing Strategy Casebook is a collection of contemporary case studies designed to develop students’ capacity to analyse challenging situations and to implement strategies to overcome them.2013 247 x 174 mm 304pp978-1-107-65130-2 Multiple copy packUS$104.00


TEXTBOOK

Strategic Customer ManagementIntegrating Relationship Marketing and CRMAdrian PayneUniversity of New South Wales, Sydney

and Pennie FrowUniversity of Sydney

The fi rst textbook to integrate relationship marketing and CRM for a clear roadmap to excellent customer management. Its up-to-date coverage includes technological issues, digital marketing and social media. Current examples and case studies from around the world connect theory with global practice.

‘Adrian Payne and Pennie Frow have written the best guide to understanding customer relationship management strategy. They have provided an excellent framework and illustrate it with a rich set of cases that both students and managers would profi t from reading.’Philip Kotler, S. C. Johnson & Son Distinguished Professor of International Marketing, Kellogg School of Management, Northwestern University

Contents: Part I. Introduction: 1. Strategic customer management; Part II. Relationship Marketing: 2. Relationship marketing: development and key concepts; Case study 2.1. Myspace – the rise and fall; Case study 2.2. Placemakers – success factors in the building supplies sector; 3. Customer value creation; Case study 3.1. BT (British Telecommunications) – creating new customer value propositions; Case study 3.2. Zurich Financial Services – building value propositions; 4. Building relationships with multiple stakeholders; Case study 4.1. AirAsia spreads its wings; Case study


32 Marketing / Finance

4.2. The City Car Club, Helsinki – driving sustainable car use; 5. Relationships and technology: digital marketing and social media; Case study 5.1. Hippo in India – using Twitter to manage the supply chain; Case study 5.2. Blendtec – the ‘will it blend’ viral marketing initiative; Part III. Customer Relationship Management: Key Processes: 6. Strategy development; Case study 6.1. Tesco – the relationship strategy superstar; Case study 6.2. Samsung – from low-cost producer to product leadership; 7. Enterprise value creation; Case study 7.1. Coca-Cola in China – bringing fi zz to the Chinese beverages market; Case study 7.2. Sydney Opera House – exploring value creation strategies; 8. Multi-channel integration; Case study 8.1. TNT – creating the perfect customer experience; Case study 8.2. Guinness – delivering the ‘Perfect Pint’; 9. Information and technology management; Case study 9.1. Royal Bank of Canada – building client service commitment; Case study 9.2. The DVLA – innovating with CRM in the public sector; 10. Performance assessment; Case study 10.1. Sears – the service profi t chain and the Kmart merger; Case study 10.2. The Multinational Software Company – driving results with a metrics dashboard; Part IV. Strategic Customer Management Implementation: 11. Organising for implementation; Annex: the comprehensive CRM audit; Case study 11.1. Nationwide Building Society fulfi lling a CRM vision; Case study 11.2. Mercedes-Benz – building strategic customer management capability; Index.2013 246 x 189 mm 542pp 158 b/w illus. 4 tables 978-1-107-01496-1 Hardback US$120.00978-1-107-64922-4 Paperback US$60.00


Finance

Availability of Credit and Secured Transactions in a Time of CrisisEdited by N. Orkun AkseliDurham University Law School

Assessing the challenges posed by ineffi cient secured credit law in the light of the fi nancial crisis, contributors explore how challenges may be overcome to facilitate credit through legal reforms based on standards set by international and fi nancial organisations.2013 228 x 152 mm 320pp 1 b/w illus. 978-1-107-02744-2 Hardback US$130.00Publication December 2013


Handbook of Financial Data and Risk InformationEdited by Margarita S. BroseMark D. FloodDilip Krishnaand Bill Nichols

This comprehensive resource explores the different issues involved in collecting, measuring and managing data in the fi nancial services industry. Written by experts and leading fi gures in risk management and analysis, it sets out a clear vision for a structural and


Finance 33


operational framework for a fi nancial risk data repository.2013 247 x 174 mm 1170pp 25 b/w illus. 140 colour illus. 80 tables 978-1-107-69070-7 2 Volume HB setUS$240.00Publication December 2013


Handbook of Financial Data and Risk Information IPrinciples and ContextVolume 12013 247 x 174 mm 615pp 6 b/w illus. 50 colour illus. 40 tables 978-1-107-01201-1 Hardback US$150.00Publication December 2013


Handbook of Financial Data and Risk Information IISoftware and DataVolume 22013 247 x 174 mm 570pp 15 b/w illus. 90 colour illus. 40 tables 978-1-107-01202-8 Hardback US$150.00Publication December 2013


Portfolio Management Under StressA Bayesian-Net Approach to Coherent Asset AllocationRiccardo RebonatoPIMCO

and Alexander DenevRoyal Bank of Scotland

Portfolio Management under Stress combines the insights of modern portfolio theory with the well-established Bayesian-net methodology to offer a novel solution to the important problem of asset allocation under conditions of market distress. This insightful book is an important resource for practitioners and research academics in the post-fi nancial crisis world.

‘Rebonato and Denev have demolished the status quo with their radical extension of best-practice portfolio management. The key is to integrate realistic ‘extreme’ scenarios into risk assessment, and they show how to use Bayesian networks to characterize precisely those scenarios. The book is rigorous yet completely practical, and reading it is a pleasure, with the ‘Rebonato touch’ evident throughout.’Francis X. Diebold, Paul F. and Warren S. Miller Professor of Economics, and Professor of Finance and Statistics, University of Pennsylvania

2013 247 x 174 mm 456pp 119 b/w illus. 978-1-107-04811-9 Hardback US$65.00Publication December 2013



34 Finance

Handbook on Systemic RiskEdited by Jean-Pierre FouqueUniversity of California, Santa Barbara

and Joseph A. LangsamUniversity of Maryland, College Park

Written by experts in the fi eld, this book provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global fi nancial markets. It is the editors’ aim to stimulate greater interdisciplinary academic research on this critically important topic with immense societal implications.2013 247 x 174 mm 992pp 25 b/w illus. 140 colour illus. 75 tables 978-1-107-02343-7 Hardback US$160.00


TEXTBOOK

FinanceA Quantitative IntroductionNico van der WijstNorwegian University of Science and Technology, Trondheim

An introduction to modern fi nance designed for students with strong quantitative skills.

‘An excellent guide to modern fi nance. Professor van der Wijst provides clear and comprehensive explanations of the major theories in asset pricing, options, and corporate fi nance and the evidence for and against each. His book is remarkable both for its range and clarity.’Louis Ederington, Michael F. Price Chair in Finance, University of Oklahoma

Contents: 1. Introduction; 2. Fundamental concepts and techniques; 3. Modern portfolio theory; 4. Market effi ciency; 5. Capital structure and dividends; 6. Valuing levered projects; 7. Option pricing in discrete time; 8. Option pricing in continuous time; 9. Real options analysis; 10. Selected option applications; 11. Hedging; 12. Agency problems and governance; Solutions to exercises; Glossary; Index.2013 246 x 189 mm 445pp 64 b/w illus. 73 tables 978-1-107-02922-4 Hardback US$65.00


Market LiquidityAsset Pricing, Risk, and CrisesYakov AmihudStern School of Business, New York University

Haim MendelsonGraduate School of Business, Stanford University

and Lasse Heje PedersenStern School of Business, New York University

This book explores the effect of liquidity on asset prices, liquidity variations over time and how liquidity risk affects prices.2013 228 x 152 mm 289pp 32 b/w illus. 27 tables 978-0-521-19176-0 Hardback US$99.00978-0-521-13965-6 Paperback US$34.99



Finance 35


Tax Expenditure ManagementA Critical AssessmentMark BurtonUniversity of Melbourne

and Kerrie SadiqQueensland University of Technology

A tax expenditure is a ‘tax break’ allowed to a taxpayer or group of taxpayers, for example, by way of concession, deduction, deferral or exemption. This book identifi es the complex defi nitional and practical issues the concept generates and critically assesses the controversial aspects of tax expenditure and tax expenditure management.Cambridge Tax Law Series



TEXTBOOK

Actuarial Mathematics for Life Contingent RisksSecond editionDavid C. M. DicksonUniversity of Melbourne

Mary R. HardyUniversity of Waterloo, Ontario

and Howard R. WatersHeriot-Watt University, Edinburgh

Three leaders in actuarial science give a modern perspective on life contingencies. Balancing rigour and intuition, and emphasizing applications, this modern text is ideal for university courses and actuarial exam preparation. This second edition includes brand new

chapters and exercises, and will prepare students for the new-style MLC exam.

Review of the fi rst edition:‘The book is well written, well organized, and easy to read. It may be an excellent textbook for both undergraduate and graduate programs in actuarial science. It is also a rich source of useful information for practitioners of the actuarial profession and fi nancial risk managers who seek a practical and inspiring guide to liability cash fl ow modeling and valuation.’Scandinavian Actuarial Journal

Contents: Preface to the Second Edition; 1. Introduction to life insurance; 2. Survival models; 3. Life tables and selection; 4. Insurance benefi ts; 5. Annuities; 6. Premium calculation; 7. Policy values; 8. Multiple state models; 9. Joint life and last survivor benefi ts; 10. Pension mathematics; 11. Yield curves and non-diversifi able risk; 12. Emerging costs for traditional life insurance; 13. Participating and universal life insurance; 14. Emerging costs for equity-linked insurance; 15. Option pricing; 16. Embedded options; A. Probability theory; B. Numerical techniques; C. Simulation; D. Tables; References; Index.International Series on Actuarial Science

2013 228 x 152 mm 616pp 50 b/w illus. 90 tables 210 exercises 978-1-107-04407-4 Hardback US$89.00



36 Finance

Solutions Manual for Actuarial Mathematics for Life Contingent RisksSecond editionDavid C. M. DicksonUniversity of Melbourne

Mary R. HardyUniversity of Waterloo, Ontario

and Howard R. WatersHeriot-Watt University, Edinburgh

This must-have manual provides solutions to all exercises in the authors’ groundbreaking text, which is required reading for the SOA Exam MLC, and covers virtually the whole syllabus for the UK Subject CT5 exam. Over 200 solutions give insight as well as exam preparation. Companion spreadsheets are freely available online.International Series on Actuarial Science

2013 228 x 152 mm 227pp978-1-107-62026-1 Paperback US$32.99


Probability for FinanceEkkehard KoppUniversity of Hull

Jan MalczakAGH University of Science and Technology, Krakow

and Tomasz ZastawniakUniversity of York

Students and instructors alike will benefi t from this rigorous, unfussy text. It keeps a clear focus on the basic probabilistic concepts required for an understanding of fi nancial market models, including independence, conditioning and limit theorems for random sequences. Motivational

examples, careful proofs and plenty of exercises facilitate self-study.Mastering Mathematical Finance

2013 228 x 152 mm 208pp 12 b/w illus. 150 exercises 978-1-107-00249-4 Hardback US$80.00978-0-521-17557-9 Paperback US$39.99


The Origins, History, and Future of the Federal ReserveA Return to Jekyll IslandEdited by Michael D. BordoRutgers University, New Jersey

and William RoberdsFederal Reserve Bank of Atlanta

This book contains essays presented at the November 2010 conference held to mark the centenary of the famous 1910 Jekyll Island meeting of leading American fi nanciers and the US Treasury. The fi nal chapter records a panel discussion of Fed policy making by the current and former senior Federal Reserve offi cials.

‘The 2010 Jekyll Island conference assembled preeminent scholars who have spent a lifetime studying central banking and the Federal Reserve. The historical perspective provided by these scholars offers continuing insights into the great issues confronting central banks. Not only students of central banking, but also general readers, will learn from this book.’Robert Hetzel, Federal Reserve Bank of Richmond, and author of The Great Recession


Finance / Also of interest 37


Studies in Macroeconomic History



Also of interest

Economics of AgglomerationCities, Industrial Location, and GlobalizationSecond editionMasahisa FujitaKyoto University, Japan

and Jacques-Francois ThisseKatholieke Universiteit Leuven, Belgium

This is a study of the economic reasons for the existence of a large variety of agglomerations arising from the global to the local. The second edition combines a comprehensive analysis of the fundamentals of spatial economics and an in-depth discussion of the most recent theoretical developments in new economic geography and urban economics. It aims to highlight several of the major economic trends observed in modern societies.

‘Two of the best regional scientists share with us what they have learned about the economics of agglomeration. This splendid book shows that different strands in the literature rely on the same common principles that defi ne agglomeration economies. The authors show how these common principles can help us to understand the spatial distribution of economic activity. Although the book is mostly about theory, lucid

and stylized examples illustrate the theories. Economics of Agglomeration, Second Edition is essential reading for graduate students in regional and urban economics for years to come.’Steven Brakman, University of Groningen



HIGHLIGHT

Against the ConsensusRefl ections on the Great RecessionJustin Yifu LinPeking University, Beijing

In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global fi nancial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique refl ections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US fi nancial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate


38 Also of interest

students, policy makers, and anyone interested in the global economy.

‘A large literature asks what China can learn from the advanced countries as it continues to develop. Here Justin Yifu Lin turns the tables and asks what the advanced countries can learn from China, including on questions like the need for infrastructure spending in recovery from the crisis. Who better?’Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, University of California, Berkeley



Outsourcing EconomicsGlobal Value Chains in Capitalist DevelopmentWilliam MilbergNew School for Social Research, New York

and Deborah WinklerSchwartz Center for Economic Policy Analysis, New York

William Milberg and Deborah Winkler propose an institutional theory of trade and development. They fi nd that offshoring reduces employment and raises income inequality in countries that lack institutions supporting workers. They also fi nd that offshoring allows fi rms to reduce domestic investment and focus on fi nance and short-run stock movements.2013 228 x 152 mm 370pp 57 b/w illus. 34 tables 978-1-107-02699-5 Hardback US$99.00978-1-107-60962-4 Paperback US$36.99


Asian Capitalism and the Regulation of CompetitionTowards a Regulatory Geography of Global Competition LawEdited by Michael W. DowdleNational University of Singapore

John GillespieMonash University, Victoria

and Imelda MaherUniversity College Dublin

Asian Capitalism and the Regulation of Competition explores the implications of Asian forms of capitalism and their regulation of competition for the emerging global competition law regime. It will be of interest to those working in competition law, comparative law, East-Asian law, international political economics and economic geography.2013 228 x 152 mm 387pp 2 b/w illus. 4 tables 978-1-107-02742-8 Hardback US$120.00



Also of interest 39


TEXTBOOK

Australia in the Global EconomyContinuity and ChangeSecond editionBarrie DysterUniversity of New South Wales, Sydney

and David MeredithUniversity of Oxford

Explores the evolution of Australia’s position in the global economy from the start of the twentieth century through to today.Contents: 1. Introduction; Part I. Before 1914: 2. International impacts on Australia before 1914; 3. Australia before 1914. Part II. 1914 to 1940: 4. International impacts on Australia, 1914–1940; 5. Australia 1914–1940 – The First World War and post-war reconstruction; 6. The great depression in Australia, 1929–1940; Part III. 1941 to 1973: 7. International impacts on Australia, 1941–1973; 8. War and reconstruction in Australia, 1941–1959; 9. A booming economy- Australia and the world economy, 1960–1973; Part IV. 1974 to the 1990s: 10. International impacts on Australia, 1974–1990s; 11. Stagfl ation and economic reform – Australia in the global economy, 1974–1990s; Part V. Since the 1990s: 12. International economic impacts on Australia since 1990; 13. The globalisation of Australia, 1990–2007; 14. Australia in the global fi nancial crisis since 2007.2013 247 x 174 mm 442pp 52 b/w illus. 978-1-107-68383-9 Paperback US$83.00


Currencies, Commodities and ConsumptionKenneth W. ClementsUniversity of Western Australia, Perth

Discusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.2013 228 x 152 mm 397pp 52 b/w illus. 69 tables 978-1-107-01476-3 Hardback US$110.00


The Foundations of Worldwide Economic IntegrationPower, Institutions, and Global Markets, 1850–1930Edited by Christof DejungUniversität Konstanz, Germany

and Niels P. PeterssonSheffi eld Hallam University

The essays in this volume discuss worldwide economic integration between 1850 and 1930, challenging the popular description of the period after 1918 as one of deglobalisation. By showing that institutionalism altered its shape in circumstances that challenged international trade, and presenting case studies from various countries, this book offers a fresh perspective on economic globalisation.

‘It has become commonplace to argue that institutions and rules matter greatly to economic performance. But how did these institutions and rules emerge and take the particular shapes that they did? Christof Dejung’s and Niels P. Petersson’s signifi cant


40 Also of interest

collection takes a sustained look at global trade in the late nineteenth and early twentieth centuries and shows how European merchants, Indian peasants, imperial statesmen, and others, constructed these institutions and rules. Far from a defi nite set of tools, the institutions that enabled global trade were the outcome of sustained social contestation on local marketplaces, in national politics, and across ocean-spanning trade networks. Power is back to the debate on institutions – and this book is a must-read for anyone interested in this important story.’Sven Beckert, Harvard University

Cambridge Studies in the Emergence of Global Enterprise




Index 41


A Acs, Zoltan J. .........................................29Actuarial Mathematics for Life

Contingent Risks ................................35After Greenwashing ..............................22Against the Consensus ..........................37Akseli, N. Orkun ....................................32Amihud, Yakov ......................................34Analytics for Leaders ...............................1Andersen, Torben Juul .............................5Ang, Lawrence ......................................30Archer, Crina .........................................19Asian Capitalism and the Regulation of

Competition .......................................38Audretsch, David B. ...............................29Australia in the Global Economy ............39Australian Workplace Relations .............27Availability of Credit and Secured

Transactions in a Time of Crisis ............32

B Beech, Nic ...............................................8Belcredi, Massimo .................................25Ben-Hur, Shlomo .....................................2Beugelsdijk, Sjoerd ................................12Bilchitz, David .......................................23Bloomfi eld, Stephen ..............................24Boards and Shareholders in European

Listed Companies ...............................25Bordo, Michael D. ..................................36Boudreau, John W. ................................28Bowen, Frances .....................................22Brakman, Steven ...................................12Brose, Margarita S. .......................... 32, 33Brown, Trevor L........................................1Buchanan, John .....................................23Burns, Lawton Robert ............................29Burton, Mark .........................................35Business Environment of Europe, The .......9Business of Corporate Learning, The .........2Business of Healthcare Innovation, The ..29Business School in the Twenty-First

Century, The .........................................2By, Rune Todnem .....................................6

C Callister, John R. ....................................29Capitalism, Corporations and the Social

Contract .............................................21Carroll, Archie B.....................................20Cascio, Wayne F. ....................................28Catino, Maurizio ......................................7Chai, Dominic Heesang..........................23Christensen, Bo T. ....................................6Clements, Kenneth W. ............................39Colli, Andrea .........................................11Comparative Corporate Governance.......25Competitive Advantage of Emerging

Market Multinationals, The ..................13Complex Contracting ...............................1Corporate Governance and Initial Public

Offerings ............................................22Corporate Responsibility ........................20Corporate Social Entrepreneurship .........21Creating New Markets in the Digital

Economy ............................................28Currencies, Commodities and

Consumption ......................................39

D Deakin, Simon .......................................23Decade of the Multilatinas, The ..............14Decoding Organization ............................6Dejung, Christof ....................................40Denev, Alexander ..................................33Deva, Surya ...........................................23Dickson, David C. M......................... 35, 36Diez, Fermin ..........................................26Dosi, Giovanni .......................................18Dowdle, Michael W. ...............................38Dynamics of International Business:

Asia-Pacifi c Business Cases .................11Dyster, Barrie .........................................39

E Economics of Agglomeration .................37Edwards, Mark ......................................31Effective Negotiation ...............................3Ellis, Paul D. .............................................3Endurance of Family Businesses, The ......11


42 Index

Englehardt, Elaine E...............................19Entrepreneurial Engineer, The .................29Entrepreneurship, Growth, and Public

Policy .................................................29Essential Guide to Effect Sizes, The ...........3Ethics and Finance ................................22Exploring Creativity .................................6Exponential Random Graph Models for

Social Networks....................................9

F Feldman, Allan M. ...................................8Fells, Ray .................................................3Fernandez Perez, Paloma .......................11Ferrarini, Guido .....................................25Finance .................................................34Fischer, Thomas .......................................4Fisher, N. I. ..............................................1Fleckner, Andreas M. .............................25Fleisch, Elgar ...........................................4Fleury, Afonso........................................13Fleury, Maria Tereza Leme ......................13Flood, Mark D. ................................ 32, 33Foundations of Worldwide Economic

Integration, The ..................................40Fouque, Jean-Pierre ...............................34Frow, Pennie..........................................31Fujita, Masahisa ....................................37

G Galambos, Louis ....................................18Garretsen, Harry ....................................12Gebauer, Heiko ........................................4Gillespie, John .......................................38Global Turning Points.............................17Gomez, Pierre-Yves ...............................24Goodpaster, Kenneth E. .........................20Gough, Richard .....................................27Grassroots for Hire ................................20Grey, Christopher ....................................6Groutsis, Dimitria...................................26Guay, Terrence R. .....................................9Guillén, Mauro F. ...................................17

H Handbook of Financial Data and Risk

Information ........................................32Handbook of Financial Data and Risk

Information I ......................................33Handbook of Financial Data and Risk

Information II .....................................33Handbook on Systemic Risk ...................34Hardy, Mary R.................................. 35, 36Harris, Jared D. ......................................18Hartman, Edwin M. ...............................20Hartman, Laura Pincus ...........................19Harvey, William .....................................26Hedge Fund Activism in Japan ...............23Hemingway, Christine A. ........................21Hendry, John .........................................22Holland, Peter .......................................27Hopt, Klaus J. ........................................25Human Capital and Global Business

Strategy .............................................26Human Rights Obligations of Business ...23

I IMF and Global Financial Crises, The ......16India’s Late, Late Industrial Revolution ...17Insurance and Behavioral Economics ........7International Business Strategy ..............14International Economics and Business ....12International Human Resource

Management ......................................26Introduction to International Economics,

An......................................................17

J Joyce, Joseph P. .....................................16Judge, William .......................................22

K Knoblauch, Hubert ..................................9Kopp, Ekkehard .....................................36Korine, Harry .........................................24Koskinen, Johan ......................................9Krishna, Dilip ................................... 32, 33Kunreuther, Howard C. .............................7


Index 43


L Langsam, Joseph A. ...............................34Lee, Alvin ..............................................31Lee, Keun ..............................................10Lin, Justin Yifu .......................................37Lipartito, Kenneth J. ...............................20Locke, Richard M. ....................................3Lorange, Peter .........................................2Loucks, Daniel P. ....................................29Lusch, Robert F. .....................................30Lusher, Dean ...........................................9

M MacIntosh, Robert ...................................8Maher, Imelda .......................................38Majumdar, Sumit K. ...............................17Malczak, Jan .........................................36Management Across Cultures ................15Managing Change ...................................8Managing Human Resources in China ....16Mansell, Samuel F. .................................21Market Liquidity ....................................34Marketing Strategy Two Volume Pack .....31Marrewijk, Charles van ..........................12McMorrow, Stacey ...................................7Mendelson, Haim ..................................34Meredith, David ....................................39Michel, Alexandra ....................................6Milberg, William ....................................38Moeran, Brian .........................................6Moriarty, Brian ......................................18

N Nardon, Luciara .....................................15Ng, Irene C. L. .......................................28Nichols, Bill ..................................... 32, 33Nonaka, Ikujiro .......................................4Nowak, Andrzej .....................................30

O Obstacles to Ethical Decision-Making .....19Ontiveros, Emilio ...................................17Oreg, Shaul .............................................6Organizational Myopia ............................7

Origins, History, and Future of the Federal Reserve, The ...........................36

Outsourcing Economics .........................38Őzbilgin, Mustafa ..................................26

P Partisan Investment in the Global

Economy ............................................13Pauly, Mark V. ..........................................7Payne, Adrian ........................................31Pedersen, Lasse Heje .............................34Petersson, Niels P. ..................................40Pinto, Pablo M. ......................................13Portfolio Management Under Stress .......33Post, James E.........................................20Potoski, Matthew ....................................1PowerPoint, Communication, and the

Knowledge Society ...............................9Pragmatic Strategy ..................................4Praszkier, Ryszard ..................................30Principles of Integrated Marketing

Communications ................................30Pritchard, Michael S. ..............................19Probability for Finance ...........................36Promise and Limits of Private Power, The ..3Psychology of Organizational Change, The 6Public Trust in Business ..........................18

R Ramamurti, Ravi ....................................13Ramburuth, Prem ..................................11Rebonato, Riccardo ...............................33Reinert, Kenneth A. ................................17Roberds, William ...................................36Robins, Garry ...........................................9Rühli, Edwin ............................................5

S Sachs, Sybille ...........................................5Sadiq, Kerrie ..........................................35Sanchez-Runde, Carlos J. .......................15Santiso, Javier .......................................14Santoro, Michael A. ...............................19


44 Index

Schumpeterian Analysis of Economic Catch-up ............................................10

Serapio, Manuel ....................................11Serrano, Roberto .....................................8Service Business Development .................4Service-Dominant Logic .........................30Sheth, Jagdish .........................................2Short Course in Intermediate

Microeconomics with Calculus, A ..........8Short Introduction to Strategic Human

Resource Management .......................28Short Introduction to Strategic

Management ........................................5Smith, Richard R. ...................................26Social Entrepreneurship .........................30Solutions Manual for Actuarial

Mathematics for Life Contingent Risks 36Stakeholders Matter ................................5Steers, Richard M. .................................15Strategic Customer Management ...........31Strauss, Ronald J. ...................................19Stringer, Christina ..................................11Strom, Robert J. .....................................29Strong Managers, Strong Owners ...........24

T Tax Expenditure Management ................35Teicher, Julian ........................................27Theory and Practice of Corporate

Governance ........................................24Third Industrial Revolution in Global

Business, The ......................................18

Thisse, Jacques-Francois .........................37Thomas, Howard ............................... 2, 26Timmons, James E..................................29Timmons, Michael B. ..............................29Travel Industry Economics ......................16

V van der Wijst, Nico ................................34Van Slyke, David M. .................................1Vargo, Stephen L. ..................................30Verbeke, Alain .......................................14Virtue in Business ..................................20Vogel, Harold L. .....................................16

W Walker, Edward T. ..................................20Wall Street Values .................................19Waters, Howard R. ........................... 35, 36Weiss, Rhett L. .......................................29Werhane, Patricia H. ........................ 19, 20Wicks, Andrew C....................................18Williamson, Peter J. ...............................13Winkler, Deborah ...................................38

Z Zastawniak, Tomasz ..............................36Zattoni, Alessandro................................22Zheng, Yu ..............................................16Zhu, Zhichang .........................................4


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Elinor Ostrom Memorial Issue

381 Editorial introduction to the Elinor Ostrom memorial issueGeoffrey M. Hodgson

387 Two enduring lessons from Elinor OstromBrett Frischmann

407 Riding in cars with boys: Elinor Ostrom’s adventures with the policePeter Boettke, Liya Palagashvili and Jayme Lemke

427 A multi-method approach to study robustness of social-ecological systems: the case ofsmall-scale irrigation systemsMarco A. Janssen and John M. Anderies

449 Elinor Ostrom and the robust political economy of common pool resourcesMark Pennington

469 Governing religion: the long-term effects of sacred financingBo Rothstein and Rasmus Broms

491 Enclosing literacy? Common lands and human capital in Spain, 1860–1930Francisco J. Beltrán Tapia

517 The impact of different distributions of power on access rights: the Campine area, Brecklands and Geest Region comparedMaïka De Keyzer

543 List of Referees

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The Desire to Acquire and IPO Long-Run UnderperformanceJames C. Brau, Robert B. Couch, and Ninon K. Sutton

A New Method to Estimate Risk and Return of Nontraded Assets from Cash Flows: The Case of Private Equity FundsJoost Driessen, Tse-Chun Lin, and Ludovic Phalippou

The Performance of Investment Bank-Affi liated Mutual Funds: Confl icts of Interest or Informational Advantage?(Grace) Qing Hao and Xuemin (Sterling) Yan

Do Pension-Related Business Ties Infl uence Mutual Fund Proxy Voting? Evidence from Shareholder Proposals on Executive CompensationRasha Ashraf, Narayanan Jayaraman, and Harley E. Ryan, Jr.

Equity Mispricing and Leverage Adjustment CostsRichard S. Warr, William B. Elliott, Johanna Koëter-Kant, and Özde Öztekin

Long-Term Effects of a Financial Crisis: Evidence from Cash Holdings of East Asian FirmsKyojik (Roy) Song and Youngjoo Lee

The Log-Linear Return Approximation, Bubbles, and PredictabilityTom Engsted, Thomas Q. Pedersen, and Carsten Tanggaard

The Value of Active Investing: Can Active Institutional Investors Remove Excess Comovement of Stock Returns?Pengfei Ye

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