1. Hanken School of Economics Helsinki Finland
2. University of Vaasa Vaasa Finland
3. Research Institute of Industrial Economics (IFN) Stockholm Sweden
4. Lund University School of Economics and Management, (LUSEM) Lund Sweden
5. School of Business and Law University of Agder (UiA) Kristiansand Norway
6. Center for Corporate Governance, Department of Accounting Copenhagen Business School (CBS) Copenhagen Denmark