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This paper aims to examine the impact of the Labor Management Reporting and Disclosure Act (LMRDA). It is expected that returns would have increased in response to the law’s passage, as it imposed a number of restrictions on unions vis-à-vis management and instituted many rules regulating unions’ internal affairs.

This paper uses event study methodology, which examines the impact of the law’s passage on the shareholder returns to the firms likely to have been affected by the law. Three different samples are used. Shareholder returns are examined on critical dates associated with the passage of the law to assess whether it benefited the firms in the samples.

Shareholder returns to firms expected to have been affected by the LMRDA fell in comparison to their competitors’ returns, indicating that the law was viewed by investors as being beneficial for firms. Presumably, the restrictions the law placed on unions were judged to be more important by investors than the improvement in unions’ image that might have resulted from the law, indicating that the law benefitted firms.

This is the first paper that has examined the impact of the LMRDA empirically to assess its impact on firms.

Although the bright lights of the big city have not entirely lost their glitter, many companies are finding that rural living can be good for business.

Purpose – This study examines whether or not holding a greater percentage of real assets significantly impacts the risk and risk‐adjusted return of U.S. based multinational companies. Design/methodology/approach – A series of rolling Two Stage Least Squares (2SLS) regression models are used to analyse the relationships among corporate real assets, systematic risk (beta), and risk‐adjusted return. Findings – The results of this study show that U.S. based multinational companies do have lower betas. However, U.S. based multinational companies’ cross border real asset holdings do not affect diversification and do not provide significantly higher risk‐adjusted returns to stockholders. Originality/value – This study builds upon the prior work of Seiler, Chatrath and Webb to consider multinational firms. This had never been done previously.

Colgate‐Palmolive Co. has extended a system, originally used only for global succession‐planning, into a valuable expatriate knowledge database. The database contains information – made available throughout the company’s worldwide network – on each manager’s experience or awareness of different cultures.

The study focuses on primarily big U.S. firms' joint venture activities with the Soviets after the break‐up of the former Soviet Union. It examines U.S.‐Soviet joint ventures in the following sectors: oil and gas, soft drinks, consumer products, gold mining, aircraft engines, telecommunications, and software. Data were collected by mail and interviews in order to identify the obstacles in the negotiation and operational stages of the venture. Furthermore, business and governmental organisations' recommendations as to whether or not U.S. firms should engage in joint venture activities in the Commonwealth of Independent States (CIS) were elicited.

THE responsibility for materials handling methods, as for all other production methods, should be made the clear responsibility of the head of Work Study. The reasoning behind that firm conclusion is very logical. Industry in general depends for its success upon the application of some process such as machining or finishing of raw materials. Every such operation adds to its value and builds up a firm's turnover. It is therefore obvious that the more time there is devoted to conversion the less will be wasted on profitless storage or unproductive transport from one part of the works to another.

The purpose of this article is to examine the US history of advertising regulation, both formal and informal and public and private – particularly focused on advertising that is likely to mislead consumers about attributes, characteristics or performance of advertised products.

This research examines both primary sources such as legal challenges and contemporary writings as well as secondary sources.

Although early court decisions were reluctant to find advertising to be dishonest, the Post Office was the first government agency to challenge blatantly false advertisements through criminal prosecution. At the end of the 1800s, the nascent advertising industry developed an interest in regulating truthfulness to enhance advertising credibility. It proposed a model state criminal code and advertising clubs, followed by local Better Business Bureaus, began to informally resolve advertising dispute. In 1914, the Federal Trade Commission (FTC) was established with authority to prevent unfair methods of competition which it used to challenge advertising that was likely to injure competitors. This authority was later expanded to cover advertising that was likely to mislead consumers regardless of competitive injury. The FTC experimented with trade association advertising provisions and expanding its concepts and tools overtime until a period of retrenchment in the 1980s that set the foundations of modern advertising regulation.

This is the first treatment of advertising regulatory history that simultaneously covers and compares various sources of advertising regulation to develop a comprehensive exposition of advertising regulation history.

How does university-firm collaboration affect the performance of both universities and firms? The purpose of this paper is to evaluate university-firm collaborations aimed at expanding the treatment effects of collaboration ambition on university academic performance as well as collaboration ambition focused on the firm’s production of innovation and financial performance for the top 110 US universities and the top 200 US R&D performing firms.

“Two studies, based on the three archival data sets (National Bureau of Economic Research-Rensselaer Scientific Papers Database and the Harvard Dataverse Network (DVN) US Patent Citations database and Compustat database), are undertaken in the top 110 US universities and the top 200 US R&D performing firms.” The study introduces a theoretical model that explicitly addresses collaboration diversity, number of collaborations, knowledge stock and the endogeneity problem that is generated by self-selection of collaboration ambition in university and firm’s performance.

The results suggest that the effects of adopting proactive collaboration decision on academic performance are insignificant in the firm subsample. However, more interestingly, the authors find supporting evidence of the negative impact of collaboration on university groups. The authors also find that collaboration diversity, knowledge stock and collaboration ambition lead to stronger firm performance but the number of collaborations is smaller on firm performance. Furthermore, the authors find that collaboration ambition moderates the positive effect of the number of collaborations on firm performance.

University-firm collaboration is a multifaceted relationship, suggesting that the empirical analysis can be interpreted through the university and the firm view to enhance the understanding of the collaboration for performance creation. This study articulates the positive role of collaboration diversity, knowledge stock and collaboration ambition and the negative role of the number of collaborations on university-firm collaboration in terms of university and firm performance. Moreover, proactive collaboration ambition has the positive effect of a higher number of collaborations on firm performance. The authors conclude that policy should refrain from overly focusing on collaboration diversity, number of collaborations, knowledge stock and collaboration ambition, and the authors consider the interactions between the number of collaborations and collaboration ambition on university-firm collaboration when discussing their effects on mutual performance.

This study demonstrates the effects of university-firm collaboration on academic performance. In addition, the authors discuss the factors that influence collaboration to help the firm to increase its innovation and financial performance. Therefore, it would be interesting to see simultaneously how university-firm collaboration affects the performance of both partners.

Significant investment dollars are now allocated to companies deemed by investors as socially responsible. This socially responsible theme contends that corporations should be held accountable for the totality of their actions and decisions, including CEO compensation levels. This paper investigates whether CEO compensation levels are more associated with traditional performance measures for socially responsible firms than for firms deemed not socially responsible, with the assumption being that social choice firms will be more sensitive to and may attempt to align CEO compensation levels with corporate performance. Rank correlation analysis and regression results using nine performance variables for 270 firms indicated that CEO compensation levels at social choice companies were more highly associated with performance variables than those at nonsocial companies. The study results suggest that social choice companies, in addition to their other corporate good deeds, seem to include CEO compensation levels as a part of their overall corporate decision process.

In carriage of goods by sea the contract of carriage is embodied either in charter parties or in bills of lading. A charter party is a contract between the charterer and the ship owner. The co‐existence of two (charter party and bill of lading) contractual documents has given rise to many problems concerning matters such as who is the carrier, the shipper or which is the contract of carriage itself.