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Tracing the International Transmission of a Crisis Through Multinational Firms

Biermann, Marcus; Huber, Kilian - National Bureau of Economic Research - 2023

We show that multinational firms transmit shocks across countries through their internal capital markets. We study a credit supply shock to parent firms in Germany. International affiliates outside Germany supported their parents through internal lending, became financially constrained...

Persistent link: https://www.econbiz.de/10014247983

Chapter 9. Governance and Stakeholders

Mehrotra, Vikas; Morck, Randall - 2017

Economic models routinely assume firms maximize shareholder wealth; however common law legal systems only require that officers and directors pursue the interests of the corporation, leaving this ill-defined. Economic arguments for shareholder wealth maximization derived from shareholders'...

Persistent link: https://www.econbiz.de/10014023372

Corporate Governance and Value Creation: Indian Experience

Baporikar, Neeta - In: International Journal of Asian Business and Information … 7 (2016) 2, pp. 51-61

Corporate governance is a complex issue, the focal point of which is the exercise of power. The power has limits … understand the governance mechanisms. Moreover, in the business world today, corporate governance is a factor in competitiveness …-depth literature review and contextual analysis the aim of this paper is to under the corporate governance perspective and also to …

Persistent link: https://www.econbiz.de/10012042576