Showing 1 - 10 of 18,959
Better corporate governance can reduce the scope for increasing shareholder value and thus discourage M&A FDI inflows …. Sound governance may also discourage non-M&A FDI inflows in light of the complementary relationship between M&A and non …-M&A FDI. We use firm-level evidence to empirically examine the effect of US corporate governance on Japanese M&A and non …
Persistent link: https://www.econbiz.de/10010943012
investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M …&A and non-M&A FDI. We use firm-level evidence to empirically examine the effect of corporate governance in the United States … (US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only …
Persistent link: https://www.econbiz.de/10008462341
The paper explores the linkages between political risk, institutions and foreign direct investment inflows. Using … and institutions are employed in the empirical analysis. The results show that government stability, the absence of …
Persistent link: https://www.econbiz.de/10010957402
cultural distance from Japan attract Japanese FDI. Good institutions, such as a well-developed legal framework and an effective …We examine the determinants of Japanese foreign direct investment (FDI) focusing on institutional and social factors … government, are important in promoting Japanese FDI to emerging economies, whereas fewer regulatory restrictions, lower tax …
Persistent link: https://www.econbiz.de/10010734041
The relationship between currency exchange rate risk and country risk, country development, and country geographic location are examined. Using a sample of 52 countries over the period from 1991 through 1995, results indicate that those countries with relatively high levels of country risk...
Persistent link: https://www.econbiz.de/10012789829
overall corporate governance may have a negative effect on M&A activity. Since M&A foreign direct investment (FDI) is a cross …-border variant of M&A, stronger corporate governance may also reduce M&A FDI. Hence, we use firm-level evidence from Japanese FDI … into the United States to investigate the effect of US corporate governance on Japanese M&A FDI. Our results indicate that …
Persistent link: https://www.econbiz.de/10008487580
This paper investigates the link between institutional ownership and dividend policy. Utilizing a dividend payout model, which accounts for earnings trends and partial adjustments of dividends, a positive but marginally diminishing relation is found between institutional ownership and dividends....
Persistent link: https://www.econbiz.de/10005419318
By examining a large number of Swedish listed firms, we analyse how institutional and foreign owners affect investment performance. To measure investment performance Mueller and Reardon’s (1993) marginal q is used, although derived directly from Tobin’s average q. Marginal q measures the...
Persistent link: https://www.econbiz.de/10005642441
, which reforms are best? We address this question by empirically investigating the effects of institutions on financial … frictions, institutions affect investment. We find that improved corporate governance (e.g., less severe informational problems …
Persistent link: https://www.econbiz.de/10008784722
This paper examines how institutional investors influence investment decisions and returns on investment. To measure investment performance we used a measure of marginal q which measures the ratio of the investment returns to cost of capital. Institutional owners are found to have had a positive...
Persistent link: https://www.econbiz.de/10011095552