We question previous research assuming that privatizing firm performance benefits from decreasing state ownership and the passage of time, both of which purportedly align principle-agent incentives promoting organizational decision-making that increases shareholder value. In response, we develop...

We use partisan and opportunistic political business cycle quot;PBCquot; considerations to develop a framework for explaining election-period decisions by credit rating agencies quot;agenciesquot; publishing developing country sovereign risk-ratings quot;ratingsquot;. We test six hypotheses...

We use partisan and opportunistic political business cycle (quot;PBCquot;) considerations to develop and test a framework for explaining election-period changes in credit spreads for developing country sovereign bonds. Pre-election bond spread trends are significantly linked both to the partisan...

We question previous research assuming that privatizing firm performance generally benefits from decreasing state ownership and the passage of time, both of which purportedly align principal-agent incentives promoting organizational decision-making that increases shareholder value. When state...

We test competing theoretical perspectives explaining likely shareholder returns from material investment decisions announced by privatizing telecommunications firms ("telecoms") with varying levels of residual state ownership. A "principal-agent" perspective suggests that decrease in residual...

We use partisan and opportunistic political business cycle (“PBC”) considerations to develop and test a framework for explaining election-period changes in credit spreads for developing country sovereign bonds. Pre-election bond spread trends are significantly linked both to the partisan...

We use partisan and opportunistic political business cycle (“PBC”) considerations to develop a framework for explaining election-period decisions by credit rating agencies (“agencies”) publishing developing country sovereign risk-ratings (“ratings”). We test six hypotheses derived...

International business research has long acknowledged the importance of regional factors for foreign direct investment ("FDI") by multinational corporations ("MNCs"). However, significant differences when defining these regions obscure the analysis about how and why regions matter. In response,...