We examine the changes in the board’s dual roles of monitoring and advising in times of fluctuating economic policy uncertainty (EPU). We find that a rise in EPU leads boards to reduce the size and increase independence and the proportion of female directors. They also decrease the involvement...

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This study examines the effects of firm and country-level corporate governance mechanisms on dividend and cash holding policies and their joint impact on firm value using a sample of over 3,000 listed firms from 21 countries. Using multivariate regression analyses, I find that at the firm-level,...

We explore how risks propagate through product market input-output networks by constructing degree centrality measures for customer and supplier industries. We find central supplier industries have higher market risks than central customer industries and posit that the provision of trade credit...

We explore how trade credit complements cash holdings in product market competition. First, similar to cash to cash flow sensitivity (Almeida, Campello, and Weisbach 2004), we report that trade credit is sensitive to internal cash flows and this sensitivity is moderated by firms' financial...

In corporate innovation, the type of institutional ownership matters. Using exogenous shocks from mergers of financial institutions, we identify two countervailing effects of common ownership on corporate innovation. Higher common ownership by focused, long-term dedicated institutional investors...

Despite the advanced knowledge on the importance of organizational strategy, empirical research present mixed results on the effect of strategic orientation on organizational performances. To address this conundrum, we operationalize the Miles and Snow (1978, 2003) business strategy typology by...

AlxCoCrFeNiCu (x=0.5, 1.0, 1.5, 2.0) high entropy alloy was prepared by powder metallurgy method.The effect of Al content x on microstructure and corrosion properties of high entropy alloy was systematically studied. The results show that the high entropy alloy has simple crystal structure and...

We examine earnings management around the annual general meeting (AGM) and assess the influence of managerial entrenchment. Consistent with prior research, we show positive and statistically significant abnormal returns surrounding AGMs regardless of the level of managerial entrenchment. We find...