Business and management 2014 by Cambridge India

Business and Management 2014 www.cambridge.org/management2014

Welcome to the Business and Management books catalogue 2014. Here you will find new and forthcoming titles, representing the highest level of academic research from renowned authors. Our highlights this year include Strong Managers, Strong Owners by Harry Korine and Pierre-Yves Gomez and ServiceDominant Logic, by the world leading authors of this perspective, Robert F. Lusch and Stephen L. Vargo. New textbooks include Terrence R. Guayâ&#x20AC;&#x2122;s The Business Environment of Europe â&#x20AC;&#x201C; the only comprehensive textbook on the subject. Our publications are available in a variety of formats, including ebooks and print, as well as online collections for institutional purchase via our publishing service University Publishing Online, which incorporates the Cambridge Books Online platform. We also publish a range of Business and Management journals, including Journal of Management & Organization (see back inside page for more information). You can recommend our books, online collections and journals to your librarian by filling out the form at the back of this catalogue. To see more book listings, product information, preview extracts and reviews, and to find out which conferences we are attending, you can find us online at www.cambridge.org/management2014. You can also keep up to date with the latest news and author views from our academic blog at http://www.cambridgeblog.org We hope that you enjoy reading about our latest publications. For queries, suggestions or proposals, you can find a list of useful contacts at the back of this catalogue.

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Contents

see page 9

Management (general)

Strategic management

Organisation studies

International business

Business ethics

see page 15

Governance 22 Human resource management

Entrepreneurship and innovation 28 Marketing 30 Finance 32 Also of interest

Information on related journals Inside back cover

see page 24

Human Capital and Global Business Strategy

see page 26

Howard Thomas Richard R. Smith Fermin Diez

see page 30

Cambridge Short Introductions to Management Series Editors: Cary Cooper, Thomas Cummings Cambridge Short Introductions to Management are short, authoritative, reasonably priced, introductory books for MBA and Masters-level students taking a management course. The books are concise, yet sufficiently rigorous to provoke critical engagement with the topics covered. Each book stands alone as a valuable introduction to a particular subject area, although lecturers may choose to recommend a selection from the series as preparatory reading for a particular course of study.

Short Introduction to Strategic Management Torben Juul Andersen, Copenhagen Business School Provides a concise yet rigorous introduction to strategic management and its contemporary challenges, with multiple examples, case studies and references. July 2013 Paperback | 978-1-107-67135-5 | £17.99 Hardback | 978-1-107-03136-4 | £45.00

Short Introduction to Strategic Human Resource Management Wayne F. Cascio, University of Colorado, Denver John W. Boudreau, University of Southern California Leading authors explain the strategic and risk management approach to human resource management. Fully illustrated with real business cases from around the world. August 2012 Paperback | 978-1-107-60883-2 | £17.99 Hardback | 978-1-107-02781-7 | £47.00

Short Introduction to Accounting Richard Barker, Judge Business School Cambridge Written with real-world insight and worked examples to test knowledge, this book explains the essentials of accounting and shows how to use accounting information effectively as a business tool. July 2011 Paperback | 978-0-521-17947-8 | £17.99 Hardback | 978-1-107-00440-5 | £49.00

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Management (general)

Management (general) Analytics for Leaders A Performance Measurement System for Business Success N. I. Fisher ValueMetrics, 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 firms. 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 definitive 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 £32.00 For all formats available, see

www.cambridge.org/9781107045569

Complex Contracting Government Purchasing in the Wake of the US Coast Guard’s Deepwater Program Trevor L. Brown Ohio State University

Matthew Potoski University of California, Santa Barbara

and David M. Van Slyke Syracuse University, New York

Complex Contracting draws on core social science concepts to provide wideranging 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 difficult 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, will all benefit by studying and reflecting on the analysis and advice set out in this thoughtful book.’

eBooks available at www.cambridge.org/ebookstore

Management (general) 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) 2013 228 x 152 mm 268pp 1 b/w illus. 6 tables 978-1-107-03862-2 Hardback £38.00 For all formats available, see

www.cambridge.org/9781107038622

Highlight

The Business School in the Twenty-First Century Emergent Challenges and New Business Models Howard Thomas Singapore Management University

Peter Lorange Lorange Institute of Business

and Jagdish Sheth Emory 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-filled 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 2013 228 x 152 mm 292pp 16 b/w illus. 17 tables 978-1-107-01380-3 Hardback £42.00 For all formats available, see

www.cambridge.org/9781107013803

The Business of Corporate Learning Insights from Practice Shlomo Ben-Hur IMD, 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)

Management (general) 2013 228 x 152 mm 244pp 10 b/w illus. 1 table 978-1-107-02700-8 Hardback £35.00 For all formats available, see

www.cambridge.org/9781107027008

Textbook

Effective Negotiation From Research to Results Second edition Ray Fells University 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 flow?; 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 £45.00 For all formats available, see

www.cambridge.org/9781107605381

The Essential Guide to Effect Sizes Statistical Power, Meta-Analysis, and the Interpretation of Research Results Paul D. Ellis Hong Kong Polytechnic University

A jargon-free introduction for students and researchers looking to interpret the practical significance of their results. 2010 247 x 174 mm 192pp 9 b/w illus. 20 tables 978-0-521-19423-5 Hardback £63.00 978-0-521-14246-5 Paperback £21.99 For all formats available, see

www.cambridge.org/9780521194235

The Promise and Limits of Private Power Promoting Labor Standards in a Global Economy Richard M. Locke Massachusetts 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 efficacy of voluntary

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Management (general) / Strategic management regulation, particularly the merits of compliance-based versus capacitybased 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 £55.00 978-1-107-67088-4 Paperback £18.99 For all formats available, see

www.cambridge.org/9781107031555

Strategic management

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. £20.99 Publication March 2014 Also available 978-1-107-02245-4 Hardback £62.00 For all formats available, see

www.cambridge.org/9781107652071

New in Paperback

Service Business Development Strategies for Value Creation in Manufacturing Firms Thomas Fischer Universität St Gallen, Switzerland

Heiko Gebauer Universität St Gallen, Switzerland

and Elgar Fleisch Universität 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

Textbook

Pragmatic Strategy Eastern Wisdom, Global Success Ikujiro Nonaka Hitotsubashi University, Tokyo

and Zhichang Zhu University 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 Contents: List of figures; 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 firm; 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 £68.00 978-0-521-17314-8 Paperback £26.99 For all formats available, see

www.cambridge.org/9781107001848

New in Paperback

Stakeholders Matter A New Paradigm for Strategy in Society Sybille Sachs Hochschule für Wirtschaft Zürich (HWZ)

and Edwin Rühli Universität 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 £19.99 Publication January 2014 Also available 978-0-521-19639-0 Hardback £60.00

Textbook

Short Introduction to Strategic Management Torben Juul Andersen Copenhagen 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 specific business contexts. ‘The Short Introduction to Strategic Management gives a solid grounding in the strategy field 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 £45.00 978-1-107-67135-5 Paperback £17.99 For all formats available, see

www.cambridge.org/9781107031364

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www.cambridge.org/9781107624634

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Organisation studies

Organisation studies New in Paperback

Decoding Organization Bletchley Park, Codebreaking and Organization Studies Christopher Grey University 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 £23.99 Also available 978-1-107-00545-7 Hardback £57.00 For all formats available, see

www.cambridge.org/9781107676756

The Psychology of Organizational Change Viewing Change from the Employee’s Perspective Edited by Shaul Oreg The Hebrew University of Jerusalem

Alexandra Michel Universität Heidelberg

and Rune Todnem By Staffordshire 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 muchneeded 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 2013 228 x 152 mm 348pp 19 b/w illus. 9 tables 978-1-107-02009-2 Hardback £65.00 For all formats available, see

www.cambridge.org/9781107020092

Exploring Creativity Evaluative Practices in Innovation, Design, and the Arts Edited by Brian Moeran Copenhagen Business School

and Bo T. Christensen Copenhagen 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 financial 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 film festivals to restaurant rankings. This book – particularly the outstanding

Organisation studies 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 £55.00 For all formats available, see

www.cambridge.org/9781107033436

Insurance and Behavioral Economics Improving Decisions in the Most Misunderstood Industry Howard C. Kunreuther University of Pennsylvania

Mark V. Pauly University of Pennsylvania

and Stacey McMorrow The 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 benefit 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

2013 228 x 152 mm 338pp 13 b/w illus. 10 tables 978-0-521-84572-4 Hardback £60.00 978-0-521-60826-8 Paperback £19.99 For all formats available, see

www.cambridge.org/9780521845724

Organizational Myopia Problems of Rationality and Foresight in Organizations Maurizio Catino Università 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 multilevel 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 2013 228 x 152 mm 267pp 5 b/w illus. 12 tables 978-1-107-02703-9 Hardback £60.00 For all formats available, see

www.cambridge.org/9781107027039

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Organisation studies Textbook

A Short Course in Intermediate Microeconomics with Calculus Roberto Serrano Brown University, Rhode Island

and Allan M. Feldman Brown 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 manyperson case; 8. Theory of the firm i: the single-input model; 9. Theory of the firm ii: the long run, multiple-input, singleoutput model; 10. Theory of the firm iii: the short run, multiple-input, singleoutput 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 £95.00 978-1-107-62376-7 Paperback £35.00 For all formats available, see

www.cambridge.org/9781107017344

Textbook

Managing Change Enquiry and Action Nic Beech University of St Andrews, Scotland

and Robert MacIntosh Heriot-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 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 reflexive 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.

Exponential Random Graph Models for Social Networks

2012 247 x 174 mm 288pp 36 b/w illus. 4 tables 978-1-107-00605-8 Hardback £68.00 978-0-521-18485-4 Paperback £28.99

Structural Analysis in the Social Sciences, 35

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PowerPoint, Communication, and the Knowledge Society Hubert Knoblauch

Theory, Methods, and Applications Edited by Dean Lusher Swinburne University of Technology, Victoria

Johan Koskinen University of Manchester

and Garry Robins University of Melbourne

This book provides an account of the theoretical and methodological underpinnings of exponential random graph models (ERGMs). 2013 228 x 152 mm 352pp 71 b/w illus. 978-0-521-19356-6 Hardback £60.00 978-0-521-14138-3 Paperback £22.99 www.cambridge.org/9780521193566

International business

Technische Universität Berlin

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

2013 228 x 152 mm 265pp 42 b/w illus. 3 tables 978-0-521-19732-8 Hardback £60.00 For all formats available, see

www.cambridge.org/9780521197328

Textbook

The Business Environment of Europe Firms, Governments, and Institutions Terrence R. Guay Pennsylvania State University

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

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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 difficult concepts and judicious in forming conclusions about where Europe stands today in the globalized world. He lucidly explains the leading scholarship in the field 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. £60.00 978-0-521-69416-2 Paperback c. £24.99 Publication May 2014 For all formats available, see

www.cambridge.org/9780521872478

Schumpeterian Analysis of Economic Catch-up Knowledge, Path-Creation, and the Middle-Income Trap Keun Lee Seoul 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 technologybased 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

International business be read by anyone concerned about how to help a country overcome the middle-income trap.’

2013 228 x 152 mm 300pp 10 b/w illus. 10 tables 978-1-107-03775-5 Hardback £60.00

Justin Yifu Lin, Peking University and Former Chief Economist, The World Bank

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2013 228 x 152 mm 294pp 21 b/w illus. 43 tables 978-1-107-04268-1 Hardback £35.00 For all formats available, see

www.cambridge.org/9781107042681

www.cambridge.org/9781107037755

Dynamics of International Business: Asia-Pacific Business Cases

The Endurance of Family Businesses

Edited by Prem Ramburuth

A Global Overview Edited by Paloma Fernandez Perez

University of Auckland

Universitat de Barcelona

and Andrea Colli Bocconi 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 firms have managed, financed 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

University of New South Wales, Sydney

Christina Stringer and Manuel Serapio University of Colorado, Denver

Dynamics of International Business: Asia-Pacific 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 AsiaPacific 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, reflect on, and, most importantly, understand complex business problems, in particular in the Asia-Pacific region.’ Oded Shenkar, Ford Motor Company Chair in Global Business Management, Ohio State University

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International business 2013 247 x 174 mm 264pp 15 b/w illus. 2 maps 978-1-107-67546-9 Paperback £35.00 For all formats available, see

www.cambridge.org/9781107675469

Textbook

International Economics and Business Nations and Firms in the Global Economy Second edition Sjoerd Beugelsdijk Rijksuniversiteit Groningen, The Netherlands

Steven Brakman Rijksuniversiteit Groningen, The Netherlands

Harry Garretsen Rijksuniversiteit Groningen, The Netherlands

and Charles van Marrewijk Universiteit Utrecht, The Netherlands

With a new title (following the successful first 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 first 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 firms and multinational activity, capital flows, currency and financial 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 nonspecialists 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 firm; 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, firms, 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 £75.00 978-1-107-65416-7 Paperback £35.00 For all formats available, see

www.cambridge.org/9781107036727

International business Partisan Investment in the Global Economy Why the Left Loves Foreign Direct Investment and FDI Loves the Left Pablo M. Pinto Columbia 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 flows 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 2013 228 x 152 mm 305pp 33 b/w illus. 37 tables 978-1-107-01910-2 Hardback £55.00 978-1-107-61736-0 Paperback £19.99 For all formats available, see

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Textbook

The Competitive Advantage of Emerging Market Multinationals Edited by Peter J. Williamson Judge Business School, Cambridge

Ravi Ramamurti Northeastern University, Boston

Afonso Fleury University of Sao Paulo

and Maria Tereza Leme Fleury Fundação 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 Configuration

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International business and Competitive Advantage: 5. Value-chain configuration of Brazilian EMNEs; 6. Valuechain configurations of Russian EMNEs; 7. Value-chain configurations of Indian EMNEs; 8. Value-chain configurations of Chinese EMNEs; Commentaries on Part II: i. How emerging market multinational companies upgrade capabilities using valuechain configuration in advanced economies; ii. Value-chain configurations 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. Crossborder 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 £60.00 978-1-107-65941-4 Paperback £27.99 For all formats available, see

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The Decade of the Multilatinas Javier Santiso ESADE 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 firms 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 2013 228 x 152 mm 308pp 54 b/w illus. 34 tables 978-1-107-03443-3 Hardback £60.00 For all formats available, see

www.cambridge.org/9781107034433

Textbook

International Business Strategy Second edition Alain Verbeke University of Calgary

This is the first 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 business 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 first 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 figures; 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 firm-specific advantages; 3. The nature of home country location advantages; 4. The problem with host country location advantages; 5. Combining firm-specific advantages and location advantages in a multinational framework; Part II. Functional Issues: 6. International innovation; 7. International sourcing and production; 8. International finance; 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 £80.00 978-1-107-68309-9 Paperback £39.99 For all formats available, see

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Textbook

Management Across Cultures Developing Global Competencies Second edition Richard M. Steers University of Oregon

Luciara Nardon Carleton University, Ottawa

and Carlos J. Sanchez-Runde IESE 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 findings 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

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International business that I have come across in thirty years of working in the field. 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 £65.00 978-1-107-64591-2 Paperback £34.99 For all formats available, see

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The IMF and Global Financial Crises Phoenix Rising? Joseph P. Joyce Wellesley College, Massachusetts

Joyce traces the IMF’s actions to promote international financial 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 £30.00 For all formats available, see

www.cambridge.org/9780521874175

Travel Industry Economics A Guide for Financial Analysis Second edition Harold 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 £52.00 For all formats available, see

www.cambridge.org/9781107025622

Managing Human Resources in China The View from Inside Multinationals Yu Zheng Royal 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 £60.00 For all formats available, see

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International business

Global Turning Points

India’s Late, Late Industrial Revolution

Understanding the Challenges for Business in the 21st Century Mauro F. Guillén

Democratizing Entrepreneurship Sumit K. Majumdar University of Texas, Dallas

Wharton School, University of Pennsylvania

Catalogues and explains India’s late, late industrial revolution through a combination of rigorous analysis and entertaining anecdotes.

Textbook

and Emilio Ontiveros Universidad Autónoma de Madrid

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

2012 228 x 152 mm 472pp 32 b/w illus. 44 tables 978-1-107-01500-5 Hardback £52.00 978-1-107-62286-9 Paperback £19.99

‘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.’

For all formats available, see

Moisés Naím, Carnegie Endowment for International Peace, and former Editor-in-Chief, Foreign Policy magazine

New Perspectives on the World Economy Kenneth A. Reinert

Contents: 1. Welcome to the twentyfirst 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-first 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 £47.00 978-1-107-65820-2 Paperback £18.99 For all formats available, see

www.cambridge.org/9781107025646

www.cambridge.org/9781107015005

Textbook

An Introduction to International Economics

George 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 finance, which also offers chapters

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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 intrafirm 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.

The Third Industrial Revolution in Global Business Edited by Giovanni Dosi Scuola Superiore Sant’Anna

and Louis Galambos The 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 £55.00 For all formats available, see

www.cambridge.org/9781107028616

Business ethics Highlight

2012 253 x 177 mm 492pp 117 b/w illus. 51 tables 978-1-107-00357-6 Hardback £125.00 978-0-521-17710-8 Paperback £39.99

Public Trust in Business

For all formats available, see

University of Virginia

www.cambridge.org/9781107003576

Edited by Jared D. Harris Brian Moriarty University of Virginia

and Andrew C. Wicks University 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 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. £65.00 978-1-107-65020-6 Paperback c. £25.99 Publication May 2014 For all formats available, see

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Obstacles to Ethical Decision-Making Mental Models, Milgram and the Problem of Obedience Patricia H. Werhane DePaul University, Chicago

Laura Pincus Hartman DePaul University, Chicago

Crina Archer Elaine E. Englehardt Utah Valley State College

and Michael S. Pritchard Western 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 decisionmakers to be aware of, and mitigate, the influence of power – and obedience – relationships. ‘The authors do a wonderful job of connecting the problem of obedience to the merging field of behavioral ethics. Their articulation highlights how common aspects about how humans make decisions lead us to be obedient when a more reflective 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 256pp 978-1-107-00003-2 Hardback £55.00 For all formats available, see

www.cambridge.org/9781107000032

Wall Street Values Business Ethics and the Global Financial Crisis Michael A. Santoro Rutgers Business School, New Jersey

and Ronald J. Strauss Montclair State University, New Jersey

This timely book answers complex and perplexing questions raised by Wall Street’s role in the financial 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 financial 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 financial industry. Michael A. Santoro and Ronald J. Strauss argue that postmillennial Wall Street is not only ‘too big to fail’ but also a threat to the economy even when it succeeds. ‘The financial crisis has been examined from every angle except this one: the ethical lapses that led up to it. Time

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Business ethics spent reading this highly original book is time well spent. It will make you think.’ Alan Blinder, Princeton University 2013 216 x 138 mm 244pp 13 b/w illus. 7 tables 978-1-107-01735-1 Hardback £19.99 For all formats available, see

www.cambridge.org/9781107017351

Corporate Responsibility The American Experience Archie B. Carroll University of Georgia

Kenneth J. Lipartito Florida International University

James E. Post Boston University

and Patricia H. Werhane DePaul University, Chicago

General Editor Kenneth E. Goodpaster University 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 £78.00 978-1-107-60525-1 Paperback £30.99 For all formats available, see

www.cambridge.org/9781107020948

Grassroots for Hire Public Affairs Consultants in American Democracy Edward T. Walker University 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. £55.00 978-1-107-61901-2 Paperback c. £19.99 Publication February 2014 For all formats available, see

www.cambridge.org/9781107021365

Virtue in Business Conversations with Aristotle Edwin M. Hartman New 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 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

2013 228 x 152 mm 285pp 978-1-107-03075-6 Hardback £60.00 For all formats available, see

www.cambridge.org/9781107030756

Corporate Social Entrepreneurship Integrity Within Christine A. Hemingway Nottingham 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 financial 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 fills this silence. She pushes the reader to see how corporate responsibility stretches far beyond the simple task of avoiding fines and scandals to include goals that spring from the selftranscendent values of employees.’

Business, Value Creation, and Society

2013 228 x 152 mm 271pp 20 b/w illus. 12 tables 978-1-107-00720-8 Hardback £55.00 For all formats available, see

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Capitalism, Corporations and the Social Contract A Critique of Stakeholder Theory Samuel F. Mansell University 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 Business, Value Creation, and Society

2013 228 x 152 mm 196pp 978-1-107-01552-4 Hardback £55.00 For all formats available, see

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Thomas Donaldson, Mark O. Winkelman Endowed Professor, University of Pennsylvania

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Business ethics / Governance Textbook

Ethics and Finance An Introduction John Hendry University of Reading

This book provides a comprehensive introduction to the ethical issues raised by modern finance. Hendry draws on ethical theory to provide an analysis of the global financial system and its regulation and control. The book addresses major recent financial scandals, and will be valuable for finance students and practitioners. Contents: Preface; 1. Opening case study: the financial crisis; 2. Introduction; 3. Ethical foundations; 4. The financial system; 5. Lending and borrowing: where finance meets ordinary people; 6. Trading and speculation: the ethics of financial 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 financial regulation.

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 250pp 978-1-107-03482-2 Hardback c. £55.00 Publication May 2014 For all formats available, see

www.cambridge.org/9781107034822

Governance New in Paperback

Corporate Governance and Initial Public Offerings An International Perspective Edited by Alessandro Zattoni Università degli Studi di Napoli ‘Parthenope’

and William Judge

Cambridge Applied Ethics

Old Dominion University, Virginia

2013 247 x 174 mm 318pp 6 b/w illus. 9 tables 978-1-107-02422-9 Hardback £50.00 978-1-107-61248-8 Paperback £18.99

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.

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After Greenwashing Symbolic Corporate Environmentalism and Society Frances Bowen Queen Mary, University of London

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

‘This book is the first, and at this point definitive, 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 knowledge will serve as a primary source of foundational knowledge for years to come.’

but naive Japanese companies make fascinating reading, and their judgements are judicious.’

Tim Devinney, Professor of Strategy at the University of Technology, Sydney

Ronald Dore, London School of Economics and Political Science

2014 229 x 152 mm 612pp 3 b/w illus. 180 tables 978-1-107-63569-2 Paperback c. £24.99 Publication March 2014 Also available 978-1-107-01686-6 Hardback £78.00 For all formats available, see

2013 229 x 152 mm 388pp 12 b/w illus. 10 tables 978-1-107-67250-5 Paperback £32.99 For all formats available, see

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Human Rights Obligations of Business

Hedge Fund Activism in Japan

Beyond the Corporate Responsibility to Respect? Edited by Surya Deva

The Limits of Shareholder Primacy John Buchanan University of Cambridge

Dominic Heesang Chai Seoul National University

and Simon Deakin University 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 financial crisis in 2008.

City University of Hong Kong

and David Bilchitz University 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 452pp 978-1-107-03687-1 Hardback £85.00 For all formats available, see

www.cambridge.org/9781107036871

‘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 profit as the supreme good. Their descriptions of the funds’ various raids on decently efficient

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Governance Highlight

Textbook

Strong Managers, Strong Owners

Theory and Practice of Corporate Governance

Corporate Governance and Strategy Harry Korine

An Integrated Approach Stephen Bloomfield

INSEAD, Fontainebleau, France

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.

and Pierre-Yves Gomez EM Lyon, France

Opening the black box of agency theory, Korine and Gomez show how management and ownership interact to shape the strategy of the firm. 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 benefit 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 £35.00 For all formats available, see

www.cambridge.org/9781107044203

Anglia Ruskin University, Cambridge

‘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 fit 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 definitions 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 financial 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 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 profits: 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 £75.00 978-1-107-61224-2 Paperback £34.99 For all formats available, see

www.cambridge.org/9781107012240

Boards and Shareholders in European Listed Companies Facts, Context and Post-Crisis Reforms Edited by Massimo Belcredi Università Cattolica del Sacro Cuore, Milano

and Guido Ferrarini University 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

2013 228 x 152 mm 447pp 9 b/w illus. 47 tables 978-1-107-04056-4 Hardback £85.00 For all formats available, see

www.cambridge.org/9781107040564

Comparative Corporate Governance A Functional and International Analysis Edited by Andreas M. Fleckner Max-Planck-Institut für ausländisches und internationales Privatrecht, Germany

and Klaus J. Hopt Max-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, WangRuu 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 Soltysi&#324;ski, Jorge

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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. Gevurtz International Corporate Law and Financial Market Regulation

2013 228 x 152 mm 1173pp 2 b/w illus. 978-1-107-02511-0 Hardback £175.00 For all formats available, see

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Human resource management Textbook

International Human Resource Management Mustafa Özbilgin Brunel University

Dimitria Groutsis University of Sydney

and William Harvey

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-Pacific; 11. Balancing inflows and outflows: case study in Europe; 12. Understanding selfinitiation and lessons for international HR managers: case study insights from North America and Africa; 13. Conclusion. 2014 247 x 174 mm 304pp 978-1-107-66954-3 Paperback c. £45.00 Publication June 2014 For all formats available, see

www.cambridge.org/9781107669543

Textbook

Human Capital and Global Business Strategy Howard Thomas Singapore Management University

Richard R. Smith Singapore Management University

University of Exeter

and Fermin Diez

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 field, with a consistent emphasis on real-world scenarios and concerns.

Singapore Management University

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

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 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 £60.00 978-1-107-61328-7 Paperback £23.99 For all formats available, see

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Textbook

Australian Workplace Relations

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 conflict 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 flexibility to strategic flexibility in retail and hospitality; 13. Restructuring Victorian public hospitals and the implications for work and work organization; 14. Global supply chains and workforce flexibility 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 £65.00 For all formats available, see

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Edited by Julian Teicher Monash University, Victoria

Peter Holland Monash University, Victoria

and Richard Gough Victoria University of Technology, Melbourne

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

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Human resource management / Entrepreneurship and innovation Textbook

Short Introduction to Strategic Human Resource Management Wayne F. Cascio University of Colorado, Denver

and John W. Boudreau University of Southern California

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

Creating New Markets in the Digital Economy Value and Worth IRENE C. L. NG

‘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 definitions of the role. It is replete with ideas and examples and provides strong insight for advanced students and reflective 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

2012 216 x 138 mm 232pp 23 b/w illus. 12 tables 978-1-107-02781-7 Hardback £47.00 978-1-107-60883-2 Paperback £17.99 For all formats available, see

www.cambridge.org/9781107027817

Entrepreneurship and innovation Creating New Markets in the Digital Economy Value and Worth Irene C. L. Ng University 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 difficult 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, marketbased 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 £60.00 978-1-107-62742-0 Paperback £24.99 Publication January 2014 For all formats available, see

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Entrepreneurship and innovation The Entrepreneurial Engineer How to Create Value from Ideas Michael B. Timmons Cornell University, New York

Rhett L. Weiss Cornell University, New York

Daniel P. Loucks Cornell University, New York

John R. Callister Cornell 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 financing of a start-up company, beginning with an emphasis on constructing an effective business plan and preparing solid financial statements. 2013 253 x 177 mm 496pp 29 b/w illus. 29 tables 114 exercises 978-1-107-02472-4 Hardback £85.00 978-1-107-60740-8 Paperback £40.00 For all formats available, see

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Entrepreneurship, Growth, and Public Policy Edited by Zoltan J. Acs George Mason School of Public Policy, Fairfax

David B. Audretsch Indiana University, Bloomington

and Robert J. Strom Kauffman Foundation, Kansas City

The purpose of this volume, first 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 £25.99 Also available 978-0-521-89492-0 Hardback £49.00 For all formats available, see

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The Business of Healthcare Innovation Second edition Edited by Lawton Robert Burns University 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 £68.00 978-1-107-60777-4 Paperback £35.99 For all formats available, see

www.cambridge.org/9781107024977

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Entrepreneurship and innovation / Marketing Social Entrepreneurship Theory and Practice Ryszard Praszkier Uniwersytet Warszawski, Poland

and Andrzej Nowak The 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 £57.00 978-0-521-14978-5 Paperback £22.99 For all formats available, see

www.cambridge.org/9780521767316

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 influence; 9. Principles of using public relations, corporate reputation and sponsorship; 10. Principles of influence 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 £70.00 Publication March 2014 For all formats available, see

Textbook

Principles of Integrated Marketing Communications A Focus on New Technologies and Advanced Theories Lawrence Ang Macquarie 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

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Service-Dominant Logic Premises, Perspectives, Possibilities Robert F. Lusch University of Arizona

and Stephen L. Vargo University 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 firm to a service-led model. Originating in the field of marketing, the foundational premises of SDL have

Marketing wider implications for the future of the organization of the firm. 2013 247 x 174 mm 220pp 31 b/w illus. 978-0-521-19567-6 Hardback c. £55.00 978-0-521-12432-4 Paperback c. £19.99 Publication Januray 2014 For all formats available, see

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Textbook

Strategic Customer Management Integrating Relationship Marketing and CRM Adrian Payne University of New South Wales, Sydney

and Pennie Frow

Marketing Strategy Two Volume Pack Alvin Lee Deakin University, Victoria

and Mark Edwards University 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 304pp 978-1-107-65130-2 Multiple copy pack £70.00 For all formats available, see

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University of Sydney

The first 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 profit 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

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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 fizz 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 profit 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 fulfilling a CRM vision; Case study 11.2. MercedesBenz – building strategic customer management capability; Index. 2013 246 x 189 mm 542pp 158 b/w illus. 4 tables 978-1-107-01496-1 Hardback £75.00 978-1-107-64922-4 Paperback £34.99 For all formats available, see

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Finance Availability of Credit and Secured Transactions in a Time of Crisis Edited by N. Orkun Akseli Durham University Law School

Assessing the challenges posed by inefficient secured credit law in the light of the financial crisis, contributors explore how challenges may be overcome to facilitate credit through legal reforms based on standards set by international and financial organisations. 2013 228 x 152 mm 320pp 1 b/w illus. 978-1-107-02744-2 Hardback £80.00 Publication December 2013 For all formats available, see

www.cambridge.org/9781107027442

Handbook of Financial Data and Risk Information I Principles and Context Volume 1 2013 247 x 174 mm 615pp 6 b/w illus. 50 colour illus. 40 tables 978-1-107-01201-1 Hardback £95.00 Publication December 2013 For all formats available, see

www.cambridge.org/9781107012011

Finance Handbook of Financial Data and Risk Information II Software and Data Volume 2 2013 247 x 174 mm 570pp 15 b/w illus. 90 colour illus. 40 tables 978-1-107-01202-8 Hardback £95.00 Publication December 2013 For all formats available, see

www.cambridge.org/9781107012028

Handbook of Financial Data and Risk Information Edited by Margarita S. Brose Mark D. Flood Dilip Krishna and Bill Nichols

This comprehensive resource explores the different issues involved in collecting, measuring and managing data in the financial services industry. Written by experts and leading figures in risk management and analysis, it sets out a clear vision for a structural and operational framework for a financial 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 set £160.00 Publication December 2013 For all formats available, see

www.cambridge.org/9781107690707

Portfolio Management Under Stress A Bayesian-Net Approach to Coherent Asset Allocation Riccardo Rebonato PIMCO

and Alexander Denev Royal Bank of Scotland

Portfolio Management under Stress combines the insights of modern portfolio theory with the wellestablished 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-financial 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 £40.00 Publication December 2013 For all formats available, see

www.cambridge.org/9781107048119

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Finance Handbook on Systemic Risk Edited by Jean-Pierre Fouque University of California, Santa Barbara

and Joseph A. Langsam University of Maryland, College Park

Written by experts in the field, this book provides researchers with an introduction to the multifaceted aspects of systemic risks facing the global financial 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 £100.00 For all formats available, see

www.cambridge.org/9781107023437

Contents: 1. Introduction; 2. Fundamental concepts and techniques; 3. Modern portfolio theory; 4. Market efficiency; 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 £35.00 For all formats available, see

www.cambridge.org/9781107029224

Market Liquidity Asset Pricing, Risk, and Crises Yakov Amihud Stern School of Business, New York University

Haim Mendelson Textbook

Graduate School of Business, Stanford University

Finance

and Lasse Heje Pedersen

A Quantitative Introduction Nico van der Wijst

This book explores the effect of liquidity on asset prices, liquidity variations over time and how liquidity risk affects prices.

Norwegian University of Science and Technology, Trondheim

An introduction to modern finance designed for students with strong quantitative skills. ‘An excellent guide to modern finance. Professor van der Wijst provides clear and comprehensive explanations of the major theories in asset pricing, options, and corporate finance 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

Stern School of Business, New York University

2013 228 x 152 mm 289pp 32 b/w illus. 27 tables 978-0-521-19176-0 Hardback £65.00 978-0-521-13965-6 Paperback £22.99 For all formats available, see

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Finance Tax Expenditure Management A Critical Assessment Mark Burton University of Melbourne

and Kerrie Sadiq Queensland 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 identifies the complex definitional and practical issues the concept generates and critically assesses the controversial aspects of tax expenditure and tax expenditure management. Cambridge Tax Law Series

2013 228 x 152 mm 266pp 978-1-107-00736-9 Hardback £75.00 For all formats available, see

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Textbook

Actuarial Mathematics for Life Contingent Risks Second edition David C. M. Dickson

chapters and exercises, and will prepare students for the new-style MLC exam. Review of the first 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 financial risk managers who seek a practical and inspiring guide to liability cash flow 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 benefits; 5. Annuities; 6. Premium calculation; 7. Policy values; 8. Multiple state models; 9. Joint life and last survivor benefits; 10. Pension mathematics; 11. Yield curves and nondiversifiable 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

Mary R. Hardy

2013 228 x 152 mm 616pp 50 b/w illus. 90 tables 210 exercises 978-1-107-04407-4 Hardback £50.00

University of Waterloo, Ontario

For all formats available, see

University of Melbourne

and Howard R. Waters

www.cambridge.org/9781107044074

Heriot-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

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Finance Solutions Manual for Actuarial Mathematics for Life Contingent Risks Second edition David C. M. Dickson University of Melbourne

Mary R. Hardy

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 £50.00 978-0-521-17557-9 Paperback £24.00 For all formats available, see

www.cambridge.org/9781107002494

University of Waterloo, Ontario

and Howard R. Waters Heriot-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 227pp 978-1-107-62026-1 Paperback £20.00 For all formats available, see

www.cambridge.org/9781107620261

Probability for Finance Ekkehard Kopp University of Hull

Jan Malczak AGH University of Science and Technology, Krakow

and Tomasz Zastawniak University of York

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

The Origins, History, and Future of the Federal Reserve A Return to Jekyll Island Edited by Michael D. Bordo Rutgers University, New Jersey

and William Roberds Federal 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 financiers and the US Treasury. The final chapter records a panel discussion of Fed policy making by the current and former senior Federal Reserve officials. ‘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 Studies in Macroeconomic History

2013 228 x 152 mm 439pp 41 b/w illus. 14 tables 978-1-107-01372-8 Hardback £65.00 For all formats available, see

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Also of interest

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 2013 228 x 152 mm 600pp 42 b/w illus. 978-1-107-00141-1 Hardback £90.00 978-0-521-17196-0 Paperback £35.00 For all formats available, see

www.cambridge.org/9781107001411

Economics of Agglomeration Cities, Industrial Location, and Globalization Second edition Masahisa Fujita Kyoto University, Japan

and Jacques-Francois Thisse Katholieke 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 define 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

Highlight

Against the Consensus Reflections on the Great Recession Justin Yifu Lin Peking University, Beijing

In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections 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 financial 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

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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 2013 228 x 152 mm 273pp 46 b/w illus. 14 tables 978-1-107-03887-5 Hardback £20.00 For all formats available, see

www.cambridge.org/9781107038875

Outsourcing Economics Global Value Chains in Capitalist Development William Milberg

Asian Capitalism and the Regulation of Competition Towards a Regulatory Geography of Global Competition Law Edited by Michael W. Dowdle National University of Singapore

John Gillespie Monash University, Victoria

and Imelda Maher University 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 £75.00

New School for Social Research, New York

For all formats available, see

and Deborah Winkler

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Schwartz Center for Economic Policy Analysis, New York

William Milberg and Deborah Winkler propose an institutional theory of trade and development. They find that offshoring reduces employment and raises income inequality in countries that lack institutions supporting workers. They also find that offshoring allows firms to reduce domestic investment and focus on finance and short-run stock movements. 2013 228 x 152 mm 370pp 57 b/w illus. 34 tables 978-1-107-02699-5 Hardback £65.00 978-1-107-60962-4 Paperback £24.99 For all formats available, see

www.cambridge.org/9781107026995

Also of interest Textbook

Australia in the Global Economy Continuity and Change Second edition Barrie Dyster University of New South Wales, Sydney

and David Meredith University 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. Stagflation 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 financial crisis since 2007. 2013 247 x 174 mm 442pp 52 b/w illus. 978-1-107-68383-9 Paperback £52.00 For all formats available, see

www.cambridge.org/9781107683839

Currencies, Commodities and Consumption Kenneth W. Clements University 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 £70.00 For all formats available, see

www.cambridge.org/9781107014763

The Foundations of Worldwide Economic Integration Power, Institutions, and Global Markets, 1850–1930 Edited by Christof Dejung Universität Konstanz, Germany

and Niels P. Petersson Sheffield 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 significant

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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 definite 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

2013 228 x 152 mm 292pp 6 b/w illus. 10 tables 978-1-107-03015-2 Hardback £60.00 For all formats available, see

www.cambridge.org/9781107030152

Index A

Acs, Zoltan J...........................................29 Actuarial Mathematics for Life Contingent Risks.................................35 After Greenwashing...............................22 Against the Consensus...........................37 Akseli, N. Orkun.....................................32 Amihud, Yakov.......................................34 Analytics for Leaders................................1 Andersen, Torben Juul..............................5 Ang, Lawrence.......................................30 Archer, Crina..........................................19 Asian Capitalism and the Regulation of Competition........................................38 Audretsch, David B.................................29 Australia in the Global Economy.............39 Australian Workplace Relations..............27 Availability of Credit and Secured Transactions in a Time of Crisis.............32

Callister, John R......................................29 Capitalism, Corporations and the Social Contract..............................................21 Carroll, Archie B.....................................20 Cascio, Wayne F......................................28 Catino, Maurizio.......................................7 Chai, Dominic Heesang..........................23 Christensen, Bo T......................................6 Clements, Kenneth W..............................39 Colli, Andrea..........................................11 Comparative Corporate Governance.......25 Competitive Advantage of Emerging Market Multinationals, The...................13 Complex Contracting................................1 Corporate Governance and Initial Public Offerings.............................................22 Corporate Responsibility.........................20 Corporate Social Entrepreneurship..........21 Creating New Markets in the Digital Economy.............................................28 Currencies, Commodities and Consumption.......................................39

B Beech, Nic................................................8 Belcredi, Massimo..................................25 Ben-Hur, Shlomo......................................2 Beugelsdijk, Sjoerd.................................12 Bilchitz, David........................................23 Bloomfield, Stephen...............................24 Boards and Shareholders in European Listed Companies................................25 Bordo, Michael D....................................36 Boudreau, John W..................................28 Bowen, Frances......................................22 Brakman, Steven....................................12 Brose, Margarita S..................................33 Brown, Trevor L........................................1 Buchanan, John......................................23 Burns, Lawton Robert.............................29 Burton, Mark..........................................35 Business Environment of Europe, The........9 Business of Corporate Learning, The..........2 Business of Healthcare Innovation, The...29 Business School in the Twenty-First Century, The..........................................2 By, Rune Todnem......................................6

D Deakin, Simon........................................23 Decade of the Multilatinas, The...............14 Decoding Organization.............................6 Dejung, Christof.....................................40 Denev, Alexander...................................33 Deva, Surya............................................23 Dickson, David C. M......................... 35, 36 Diez, Fermin...........................................26 Dosi, Giovanni........................................18 Dowdle, Michael W.................................38 Dynamics of International Business: Asia-Pacific Business Cases..................11 Dyster, Barrie..........................................39

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

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Index Englehardt, Elaine E...............................19 Entrepreneurial Engineer, The..................29 Entrepreneurship, Growth, and Public Policy..................................................29 Essential Guide to Effect Sizes, The............3 Ethics and Finance.................................22 Exploring Creativity..................................6 Exponential Random Graph Models for Social Networks....................................9

F Feldman, Allan M.....................................8 Fells, Ray..................................................3 Fernandez Perez, Paloma........................11 Ferrarini, Guido......................................25 Finance..................................................34 Fischer, Thomas........................................4 Fisher, N. I................................................1 Fleckner, Andreas M...............................25 Fleisch, Elgar............................................4 Fleury, Afonso........................................13 Fleury, Maria Tereza Leme.......................13 Flood, Mark D........................................33 Foundations of Worldwide Economic Integration, The...................................40 Fouque, Jean-Pierre................................34 Frow, Pennie..........................................31 Fujita, Masahisa.....................................37

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

H Handbook of Financial Data and Risk Information.........................................33 Handbook of Financial Data and Risk Information I.......................................32 Handbook of Financial Data and Risk Information II......................................33 Handbook on Systemic Risk....................34 Hardy, Mary R.................................. 35, 36 Harris, Jared D........................................18 Hartman, Edwin M.................................20 Hartman, Laura Pincus............................19 Harvey, William......................................26 Hedge Fund Activism in Japan................23 Hemingway, Christine A..........................21 Hendry, John..........................................22 Holland, Peter........................................27 Hopt, Klaus J..........................................25 Human Capital and Global Business Strategy..............................................26 Human Rights Obligations of Business....23

I IMF and Global Financial Crises, The.......16 Indiaâ&#x20AC;&#x2122;s Late, Late Industrial Revolution....17 Insurance and Behavioral Economics.........7 International Business Strategy...............14 International Economics and Business.....12 International Human Resource Management.......................................26 Introduction to International Economics, An......................................................17

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

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

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

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

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

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

Origins, History, and Future of the Federal Reserve, The............................36 Outsourcing Economics..........................38 Ĺ?zbilgin, Mustafa...................................26

P Partisan Investment in the Global Economy.............................................13 Pauly, Mark V............................................7 Payne, Adrian.........................................31 Pedersen, Lasse Heje..............................34 Petersson, Niels P....................................40 Pinto, Pablo M........................................13 Portfolio Management Under Stress........33 Post, James E.........................................20 Potoski, Matthew.....................................1 PowerPoint, Communication, and the Knowledge Society................................9 Pragmatic Strategy...................................4 Praszkier, Ryszard...................................30 Principles of Integrated Marketing Communications.................................30 Pritchard, Michael S................................19 Probability for Finance............................36 Promise and Limits of Private Power, The...3 Psychology of Organizational Change, The.6 Public Trust in Business...........................18

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

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

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Index Schumpeterian Analysis of Economic Catch-up.............................................10 Serapio, Manuel.....................................11 Serrano, Roberto......................................8 Service Business Development..................4 Service-Dominant Logic..........................30 Sheth, Jagdish..........................................2 Short Course in Intermediate Microeconomics with Calculus, A...........8 Short Introduction to Strategic Human Resource Management........................28 Short Introduction to Strategic Management.........................................5 Smith, Richard R.....................................26 Social Entrepreneurship..........................30 Solutions Manual for Actuarial Mathematics for Life Contingent Risks.36 Stakeholders Matter.................................5 Steers, Richard M...................................15 Strategic Customer Management............31 Strauss, Ronald J.....................................19 Stringer, Christina...................................11 Strom, Robert J.......................................29 Strong Managers, Strong Owners............24

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

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

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

Tax Expenditure Management.................35 Teicher, Julian.........................................27 Theory and Practice of Corporate Governance.........................................24 Third Industrial Revolution in Global Business, The.......................................18

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

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Volume 5 2012 Sugumar Mariappanadar, Australian Catholic University, Australia Arlene Walker, Deakin University, Australia

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The Desire to Acquire and IPO Long-Run Underperformance James 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 Funds Joost Driessen, Tse-Chun Lin, and Ludovic Phalippou

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