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Corporate Governance and Ethical Culture : Do Boards of Directors and Ownership Structure Mattter?

Di Miceli da Silveira, Alexandre - 2019

A poor ethical culture has been considered one of the reasons for the emergence of many corporate governance scandals. In this paper, I investigate the link between two corporate governance mechanisms – the composition of the board of directors and ownership structure – and ethical culture...

Persistent link: https://www.econbiz.de/10014103194

Foreign Ownership and Skillbiased Technological Change

Koch, Michael - 2019

We conduct an empirical investigation into the effects of foreign ownership on worker skills using firm-level data from Spain. To control for endogeneity bias due to selection into foreign ownership, we combine a difference-in-differences approach with a propensity score weighting estimator. Our...

Persistent link: https://www.econbiz.de/10012892251

Debt financing and sharp currency depreciations : wholly vs. partially owned multinational affiliates

Hebous, Shafik; Weichenrieder, Alfons J. - 2009

This paper provides empirical evidence on two potential costs of shared ownership of German affiliates abroad. First, in periods of currency crises, wholly-owned affiliates, in contrast to partially-owned affiliates, seem to circumvent financial constraints by accessing capital from their parent...

Persistent link: https://www.econbiz.de/10003923516

Corruption, networking and foreign ownership : recent evidence from CEE countries

Pal, Sarmistha - 2013

The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher host corruption will be associated with higher foreign...

Persistent link: https://www.econbiz.de/10010195528

Foreign Ownership Rules and Domestic Firm Globalization in India

Chhibber, Pradeep K.; Majumdar, Sumit K. - 2014

This study examines whether the influence of foreign ownership helps domestic firms in an emerging market economy, India, globalize their operations. The extent of operations globalization is captured as exporting behavior, which is measured as the ratio of export sales to total sales. Foreign...

Persistent link: https://www.econbiz.de/10014125255

Ownership and R&D Intensity in Foreign Affiliates under Incomplete Capital Markets

Chang, Winston W. - 2015

Whereas international joint venture is a dominated strategy in the property rights theory of the firm, this article shows that it can be optimal in the presence of contractual and financial frictions. We use the data of Chinese foreign affiliates to test and support our key theoretical result...

Persistent link: https://www.econbiz.de/10013031079

Who is afraid of political risk? : multinational firms and their choice of capital structure

Kesternich, Iris; Schnitzer, Monika - 2007

This paper investigates how multinational firms choose their capital structure in response to political risk. We focus on two choice variables, the leverage and the ownership structure of the foreign affiliate, and we distinguish different types of political risk, like expropriation, corruption...

Persistent link: https://www.econbiz.de/10010366517

Internationalization speed and subsidiary survival of EMNCs : the moderating roles of CEO international experience and state ownership

Yi, Changjun; Zhang, Jipeng; Zhan, Yun; Yan, Xiaojuan; … - In: Journal of Asian economics 77 (2021), pp. 1-14

Persistent link: https://www.econbiz.de/10013276070

Corporate governance of the parent company and executive compensation contracts in subsidiary firms : evidence from China

Li, Wenfei; Xu, Yue; Yu, Degan; Zhang, Junsheng - In: Asia-Pacific journal of accounting & economics : … 31 (2024) 5, pp. 788-807

Persistent link: https://www.econbiz.de/10015073603

Employee Ownership : Management Entrenchment vs. Reward Management

Aubert, Nicolas S. - 2011

. This paper develop a model suggesting that employee ownership policy reveals management quality. Good managers would use … employee ownership as a reward management tool whereas bad managers would implement it for entrenchment motives. We bring about … three main conclusions: (i) Bad managers use employee ownership as an entrenchment mechanism. (ii) This latter phenomenon …

Persistent link: https://www.econbiz.de/10013128653

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