We investigate the determinants of corporate financial reporting in an unregulated setting. Prior to the First World War, limited liability companies in Belgium were obliged to publish financial statements, but financial reporting was virtually unregulated. Investor protection was generally very...

In the current study, we dynamically analyze unlisted firms' voluntary disclosure decisions around private equity (PE) participation. First, we disentangle the role of disclosure in attracting PE investments. In addition, we examine the extent to which a firm's disclosure policy is affected by...

This study investigates the impact of headquarters--subsidiary interdependencies on performance evaluation and reward systems in multinational enterprises. Headquarters--subsidiary interdependencies refer to the extent to which headquarters and subsidiaries depend on each other to accomplish...