Showing 1 - 10 of 62
Researchers debate whether environmental investments reduce firm value or can actually improve financial performance. We provide some first evidence on shareholder wealth effects of voluntary corporate environmental initiatives. Companies announcing membership in Climate Leaders and Ceres - two...
Persistent link: https://www.econbiz.de/10005662265
When stakeholder protection is left to the voluntary initiative of managers, relations with social activists may become an effective entrenchment strategy for inefficient CEOs. We thus argue that managerial turnover and firm value are increased by the institutionalization of stakeholder...
Persistent link: https://www.econbiz.de/10005504332
responsibility (CSR) activities, affects firm performance during the 2008-2009 financial crisis. We find that high-CSR firms have …
Persistent link: https://www.econbiz.de/10011165644
We study the relationship between employee satisfaction and abnormal stock returns around the world, using lists of the “Best Companies to Work For” in 14 countries. We show that employee satisfaction is associated with positive abnormal returns in countries with high labor market...
Persistent link: https://www.econbiz.de/10011083605
This paper presents an industry equilibrium model where firms can choose to engage in corporate social responsibility …
Persistent link: https://www.econbiz.de/10011083749
Three main features characterize the international financial integration of China and India. First, while only having a … small global share of privately-held external assets and liabilities (with the exception of China’s FDI liabilities), these … “short equity, long debt.” Third, China and India have improved their net external positions over the last decade although …
Persistent link: https://www.econbiz.de/10005662395
The Great Leap Forward (GLF) disaster, characterized by a collapse of grain output, and the associated famine in China …
Persistent link: https://www.econbiz.de/10005789139
Using a unique firm level data set from the Chinese manufacturing sector, this paper analyses the impact of production subsidies on firms’ export performance. It documents robust evidence that production subsidies stimulate export activity, although this effect is conditional on firm...
Persistent link: https://www.econbiz.de/10005789202
development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the …
Persistent link: https://www.econbiz.de/10005791375
In 1994, China began a profound reform of its state-owned enterprises (SOE). We first describe and characterize this …
Persistent link: https://www.econbiz.de/10005792177