Summer 2000

THE IMPACT OF SALES TAX ON E-COMMERCE
The Cost of Integrating Off- and On-line Operations May Be More than Companies Bargained For
Research by Austan D. Goolsbee

TO HAVE AND TO HOLD
On Average, Stock Ownership By Officers and Directors of Publicly Traded Firms is Higher Today than Earlier in the Century
Research by Randall S. Kroszner

THE GOVERNANCE OF THE NEW ENTERPRISE
New Rules for the Changing Business World
Research by Raghuram G. Rajan and Luigi Zingales

THE CULTURE EFFECT
Corporate Culture, Competition and Markets All Affect Company Performance
Research by Ronald S. Burt