Objective: The objective of the article is to investigate the relationship between strategy and control in national-level corporate governance (CG) codes impact firm-level financial and strategic performance. Research Design & Methods: We build on existing CG literature to offer a conceptual...

The study explores the effect of financial transparency on dividend smoothing behavior. We first analytically show that dividend smoothing should increase when shareholders cannot observe cash flow realizations. We then utilize difference-in-differences estimation to contrast firms’ propensity...

Purpose: The purpose of this paper is to explore the impact of national culture on leverage speed of adjustment (SOA) across countries. Design/methodology/approach: We use a partial adjustment model to estimate the impact of national culture (assessed using Hofstede's six cultural dimensions)...