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>>Institute
News Releases
l Media
Kit
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July, 2007
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Restaurant Franchises Put God First
Harrisburg Patriot-News,
July 15, 2007
By Joel Berg |
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The role of faith in the marketplace
isn't new. The Christian Business Men's
Committee, which has a chapter in the
midstate, was formed in 1930 in the
midst of the Great Depression. In recent
years, efforts to link spirituality and
the workplace have intensified,
according to
Andrew Wicks,
a professor at the University of
Virginia's business school in
Charlottesville, Va.
(Also appeared in Washington
Examiner. ) |
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The
Long-Term Value Moment
The
American Prospect,
July 9, 2007
By Lee Drutman |
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Has corporate America finally had it
with short-termism? In late June, the
Committee for Economic Development
issued the latest in a series of reports
by business think tanks illustrating a
growing change in the way American
business is thinking about value. "Built
to Last: Focusing Corporations on
Long-Term Performance," lays out a
strong case against a destructive
short-term focus that has infected
American capitalism in recent years.
Other major business policy stalwarts,
The Conference Board ("Revisiting
Stock Market Short-Termism"), the
Business Roundtable ("Breaking
the Short-Term Cycle") and the
Chamber of Commerce ("Enhancing
America's Long-Term Competitiveness:
Ending Wall Street's Quarterly Earnings
Game") have also recently sermonized
on the pathologies of short-term
thinking. |
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Executive Stock
Options Tied to Higher Fraud
Newswise, July 5, 2007 |
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“Incentives to Cheat: The
Influence of Executive
Compensation and Firm
Performance on Financial
Misrepresentation,” by Jared
Harris, the Darden Graduate
School of Business
Administration, University of
Virginia, and Philip Bromiley,
Merage School of Business,
University of California,
Irvine, appears in the current
issue of Organization Science,
an INFORMS publication.
According to the authors, "Our
results demonstrate two factors
substantially increase the
likelihood of financial
misrepresentation: extremely low
performance relative to average
performance in the firm’s
industry, and high percentages
of CEO compensation in stock
options." (Also appeared in
the American Association for the
Advancement of Science/EurekAlert,
Insurance Journal, Claim's
Guides, INFORMS, and Reliable
Plant.) |
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