The resource-based view of the firm attributes superior financial performance to
organizational resources and capabilities. This paper develops the concept of IT as an …

I define and analyze the agency costs of overvalued equity. They explain the dramatic
increase in corporate scandals and value destruction in the last five years; costs that have …

Reputation is thought to differentiate organizations and help explain variability in their
performance. A recent study contributed to knowledge about the reputation—performance …

In a multicommunity model, high-income families cluster together in any equilibrium, and
cluster near effective schools if effectiveness is an important component of community …

This article discusses professionalism in business education. The past year has witnessed
an outpouring of concern that business education may be headed in the wrong direction …

In recent years, consumers, professional organizations, government officials, and third-party
payers have become increasingly concerned about how to assess the quality of the services …

This study examines differences in finance research productivity and influence across 661
academic institutions over the five‐year period from 1989 through 1993. We find that 40 …

The goal of Master Business Administration (MBA) programmes is to add value to its
graduates and make them better managers. Reports on a study which provides a …

In recent years, there has been an unprecedented movement in many industries towards
establishing explicit, transparent accounts of the performance and assets of institutions. The …

Because MBA programs require work experience before admittance, prior wages can be
exploited to disentangle the return to the degree from unobserved productivity. We find that …