We investigate the determinants of firms' implicit insurance to employees, using a difference-indifference approach: we rely on differences between family and non-family firms to identify the supply of insurance, and exploit variation in unemployment insurance across and within countries to...

Recently, Chinese firms have become more active in attempting to go public on the Frankfurt Stock Exchange (FWB). This paper uses multivaria te probit analysis to test the motivations of Chinese firms to list on the FWB. In general, Chinese firms are driven by the following motivations. Firstly,...

We examine whether firm-level political risk influences auditor behavior. Using Hassan, Hollander, van Lent, and Tahoun's (2019) text-based political risk measure as well as a novel measure based on government subsidies targeted to individual firms, we find that firms subject to higher levels of...

If unemployment insurance is more generous, workers should demand less implicit insurance from their employers: firm- and government-provided insurance should be substitutes. Using a firm-level international panel dataset, we investigate this hypothesis exploiting cross-country and time-series...

I examine whether US public firms who have business ties with the government choose to disclose corporate social responsibility (CSR) activities in their conference calls to meet government CSR demand. My empirical results show an overall positive relationship between these ties and CSR activity...

The volatility and fierce competition of the business environment in the 21st century has forced enterprises to constantly review and change their structure, hierarchy, command, control and management styles. The pentatomic organization enterprise architecture offers a non-conventional approach...