After a major corporate fraud case hits a city, financially motivated neighborhood crimes like robbery and theft increase in the area, a new study suggests. Researchers from The Ohio State University and Indiana University found that the revelation of corporate accounting misconduct is linked to about a 2.3 percent increase in local financially motivated crimes...
The SARS-CoV-1 coronavirus pandemic has left a significant footprint on the global economy. For this reason, it had a substantial impact on the behaviour of all financial instruments, including cryptocurrencies. It turns out that the fluctuations experienced by the virtual currency market during this period reflect changes in other capital and commodity markets. This market...
The fashion and luxury segments of the market are synonymous with carefully curated branding and strict reputation management, which have been tested significantly amid the onset and continued impact of the COVID-19 pandemic. Against that background, management consultancy McKinsey & Company, together with the Business of Fashion, have recently published a report titled The State...
Off-White is suing a California ice cream chain, arguing that the unrelated party has run afoul of the law by selling products that bear – and adorning its outposts with – marks that are “confusingly similar” to Off-White’s own well-known trademarks. In the complaint that it filed in a California federal court on Tuesday, Off-White claims that...
In ancient Athens, only the very wealthiest people paid direct taxes, and these went to fund the city-state’s most important national expenses – the navy and honors for the gods. While today it might sound astonishing, most of these top taxpayers not only paid happily, but boasted about how much they paid. Money was just...
Political and social engagement is a relevant topic for European business leaders. CEOs are increasingly making public statements on political issues in order to make a positive contribution to socially relevant topics. These are the findings of a recent study conducted by European School of Management and Technology (ESMT) Master’s in Management graduate Christoph Cewe...
Chanel is actively engaging in an “overarching anticompetitive scheme” in order to limit the supply of its products in the market, “inhibit the growth and development of competitors, and artificially raise and maintain [its] prices,” and it has had help from prominent publications and big-name luxury fashion retailers in doing so. That is what The...
LVMH Moët Hennessy Louis Vuitton and Tiffany & Co. have managed to salvage their deal, with the French luxury goods conglomerate agreeing to pay a few dollars less per share to acquire the New York-based jewelry company. In a statement on Thursday, the parties confirmed that LVMH will pay $131.5 per Tiffany share, down from...
Athletes increasingly relying on a coach over the course of a season may be a sign that they aren’t progressing in their development, according to new research from Binghamton University. On the other hand, inspirational coaches will find that their athletes will become less reliant on them over time. “Being increasingly needed by your athletes...
Keeping players on the field and out of the courtroom is key for a team’s success. A new study provides a possible pathway to reduce off-the-job player misconduct and it starts at the top. The researchers, Profs. Mary Graham and Bhavneet Walia from Syracuse University along with Chris Robinson from Tulane University, have concluded that...