A shift in the focus of finance research is needed so that it can benefit society. Practitioner-oriented journals should take the lead by proactively asking academics and practitioners to identify topics that address nascent challenges facing the financial system and invite them and policy-makers to submit articles that shed light on the issues and recommend solutions. A proposal worth considering is to tie senior management compensation to the need for financial infusions by taxpayers in the event of systemic failures induced by excessive and fraudulent risk-taking. In such cases, the penalties imposed on management would involve a clawback of past and present compensation.
Managing Research Out of the Dark? Exploring Implications and Applications of an Objective Model for the Evaluation of Research Practice and Quality
The quality of research is central to scientific organizations. But how to evaluate research practice and quality when managing research? There is not one...
The State of Business Education and Research - Perspectives from Educational Leaders around the Globe
What changes are affecting business education today? How are business schools responding to challenges and opportunities of the contemporary environment? We...