We investigate the role of managers' country of origin in leverage decisions using data on foreign joint ventures in China. By focusing on foreign joint ventures in a single country, we are able to hold constant the financing environment, eliminate the effects of formal institutions in the...

Using a novel database of firm patents and board characteristics across 45 countries, we examine both within- and cross-country determinants of board gender diversity and its relation to corporate innovation. Boards are more likely to include women in countries with narrower gender gaps, higher...

We examine why corporate governance varies widely across countries and across firms, and why such variation matters. Using a proprietary database from Governance Metrics International on corporate governance practices across a large number of countries and firms for 2006-2011 and employing a...

We investigate the role of national culture in corporate risk-taking. We postulate that culture influences corporate risk-taking both through its effect on managerial decision-making and through its effect on a country's formal institutions. Further, we postulate that the influence of culture is...

We investigate the role of firms' country of origin in financial leverage decisions using data on foreign joint ventures in China. We hypothesize that national culture enters the joint optimization process leading to foreign joint ventures' leverage decisions and that it affects leverage...

We investigate the role of national culture and earnings management in corporate risk-taking. First, we postulate that culture influences managerial risk-taking directly through its effect on individual decision-making and indirectly through its effect on a country's formal institutions and a...

We examine why corporate social responsibility (CSR) practices vary across countries and firms, and evaluate the value implications. Using a sample of 30,399 firm-year observations representing 4,279 firms from 49 countries over the 2003–2015 period and applying hierarchical linear modeling,...