I examine how cross-sectional differences in national culture dimensions affect the probability of CEO turnover and its sensitivity to firm performance after cross-listing by a non-U.S. firm in the United States. I find that three of the Hofstede indexes (long-term orientation, power distance,...

This paper evaluates the relative financial managerial performance of thirty matched-pairs of US firms and Chinese (CN) firms. In this study, financial managerial performance is measured in terms of profitability, debt management, and asset management. Paired comparison is employed and eight...

Prior research shows that financial reporting quality (FRQ) is positively related to investment efficiency for large U.S. publicly traded companies. We examine the role of FRQ in private firms from emerging markets, a setting in which extant research suggests that FRQ would be less conducive to...

This paper examines publicly listed Chilean firms' performance during the 2008-09 crisis. In particular, it studies the effects from changes in external financing conditions, aggregate demand, and international trade on firms' investment, sales, and profits, using firm-specific characteristics...

This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of resilience as well as vulnerability. Based on a cross-sectional analysis, the results show that...

This paper empirically examines the effect of the Great Recession of 2009 to 12 on the US tourism industry and firm performance. The daily equity index and firm performance data are collected from the 30 selected US tourism firms during the period of 2005 to 12. Applying the joint test of...

Financial exclusion situations persist around the world, despite the financialization processes of the economy in recent years, and are widespread in low- and middle-income countries, affecting their development potential. Microfinance has thus been a response that combines proximity to...

Foreign IPO firms incur higher issuance costs than domestic firms due to greater information asymmetry and ex ante valuation uncertainty. Little is known about how to overcome such liability of foreignness. This study, based on foreign-listed Chinese firms, shows that pre-IPO financing...

We investigate the impact of cross-delisting on firms' financial constraints. We find that firms that cross-delisted from a U.S. stock exchange face stronger post-delisting financial constraints than their cross-listed counterparts, as measured by investment-to-cash flow and cash-to-cash flow...

The study is an attempt to analyse the impact of specific sources of finance on firms' export performance by investigating empirically the SME exporters' preferred mode of financing their various export operations and linking it with their export profitability. Based on the findings it is...