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In this work we investigate the relationship between corporate social responsibility (CSR) and profit shifting. First, we employ worldwide data for parent firms and their foreign subsidiaries to derive a profit shifting measure. Then, drawing on legitimacy theory and risk-management strategy, we...
Persistent link: https://www.econbiz.de/10015262800
The bulk of the global innovative effort takes place in 5 countries: USA, Japan and China as leaders, with France and United Kingdom as immediate followers, which all display, on the long run, a negative marginal value added on innovation. The present paper attempts to answer the following...
Persistent link: https://www.econbiz.de/10015223233
I explore the relationship in partnering strategy [exploration – based on weak ties vs. exploitation – based on strong ties], national culture and and firms’ organizational model in the context of global ICT Industry. In the highly uncertain global environment, partnering is the one of the...
Persistent link: https://www.econbiz.de/10015229819
We develop a game-theoretical model to examine the implications of the introduction of a non-profit "public option" in the U.S. health insurance market, in which a continuum of heterogeneous consumers, each facing unknown medical expenditures and differing in their expectations of such...
Persistent link: https://www.econbiz.de/10015233445
Tis paper's purpose was to identify the key sources when formulating competitive advantages of hotel chains. Te research assessed the financial activities performance included in annual hospitality industry reports and on their official websites; questioning of loyal and potential customers;...
Persistent link: https://www.econbiz.de/10015266431
(domestic or foreign), legal structure of the enterprise, investment on technology and quality have not been statistically …
Persistent link: https://www.econbiz.de/10015252807
Firms that report insufficient electricity from the public grid are likely to experience higher constraints on access to finance. The lack of availability of electricity will translate to greater production delays and lower expected profits. Consequently, it will have an adverse impact on the...
Persistent link: https://www.econbiz.de/10015244665
Since the legal form adopted by a firm determines the type of legal responsibility borne by its owners in case of bankruptcy, in this paper we argue that a firm under a limited liability status should be characterized by a higher than average risk exposure, defined in terms of a lower...
Persistent link: https://www.econbiz.de/10015220626
We study the decisions that a monopolistic bank takes to achieve risk management and profit objectives. The bank faces liquidity and solvency risks because loans may not be repaid and because unexpected deposit withdrawals may occur. The Asset-Liability-Management (ALM) banking model shows that...
Persistent link: https://www.econbiz.de/10015228112
We analyze the effects of CEOs' layoff risk on their risk choice while overseeing a firm. A CEO, whose managerial ability is unknown, is fired if her expected ability is below average. Her risk choice changes the informativeness of output and market's belief about her ability. She can decrease...
Persistent link: https://www.econbiz.de/10015230119