Pre‐Going Private Ownership Around the World

Going private transactions are often highly leveraged, and give rise to potential agency conflicts among existing shareholders. But who exactly are those shareholders, and under what legal conditions are these transactions more likely to occur? We examine ownership structure prior to going private transactions in 33 countries around the world from 2002 to 2014. The data indicate strong and consistent evidence that pre‐going private ownership is characterized by higher institutional and corporate ownership. Family ownership lowers the probability of a public to private transaction. Stronger creditor rights increase the probability of going private, particularly for whole company and institutional buyouts.     

International Business and Entrepreneurship Implications of Brexit

This paper provides an overview of the international business and entrepreneurship implications of Brexit. Our perspective is preliminary and based on a review of the practitioner, policy and academic literature over the first month following the Brexit vote. We highlight some of the potentially negative consequences for markets in the UK and around the world that result from barriers to trade and immigration associated with the uncertainty created by Brexit.     

French NGOs in the Global Era: Professionalization “Without Borders”?

This article asks whether French NGOs have fallen into line with the wider trend towards professionalization that has marked the Northern nonprofit sector, most notably Anglo-American NGOs, over the last two decades or so. It shows how French NGOs, particularly those engaged in longer term development work, were characterized by militancy over the early post-colonial decades. It then demonstrates how, over the global era, the French state has encouraged developmental NGOs (NGDOs) to undertake bureaucratic forms of professionalization. Next, it looks at how these organizations have, in response, adapted their staffing, structures, and procedures, whilst stopping short of overly standardized forms of development. Finally, it shows how French NGDOs have, in eschewing “technical professionalism”, been acting in line with resource dependence theory and responding to the demands of their critical resource, which is not the French state but the donor public and their grassroots supporters.

Risk Communication and Social Choices: The Discussion Heats Up

Environmental Hazards: Communicating Risks as a Social Process Sheldon Krimsky and Alonzo Plough Dover, MA: Auburn House Publishing Co.