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We hypothesize that if the cultural characteristics of a region are important, then firms located in Protestant- and Catholic-majority counties within the U.S. will have different attitude toward leverage. We find that a 1% increase in a county's Protestant religiosity leads to a 0.4% lower...
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, firms in countries with high uncertainty avoidance, as a national culture, hold more cash as a way to hedge against … more cash. At the same time, however, the multinationality of the firm moderates the effects of culture on the firm … multinationality of the firm is positively correlated with holdings of cash. On the other hand, the effect of national culture on firm …
Persistent link: https://www.econbiz.de/10005652504
This paper assesses whether shareholders drive the environmental and social (E&S) performance of firms worldwide. Across 41 countries, institutional ownership is positively associated with E&S performance with additional tests suggests this relation is causal. Institutions are motivated by both...
Persistent link: https://www.econbiz.de/10012052291
corporate culture. We highlight the complexities of company-community relationships, with particular reference to the issues of … legitimate community representation and participatory decision-making, and discuss the role that organizational culture plays in …
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Steinkellner GmbH. Die Reihe "In der CSR-Managementreihe werden bestehende Ansätze durch neue Ideen und Konzepte ergänzt, um so dem …
Persistent link: https://www.econbiz.de/10014018339