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Over the period 1980-2007 multinational firms' investment grew four times faster than worldwide GDP. Yet the evidence … multinational firms' investment and global diversification have significantly increased over the past three decades …
Persistent link: https://www.econbiz.de/10013114610
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131906
We examine the role of a country's institutional framework for investment and financing activities. A country … flow and firms' investment and financing behavior. Firms from countries with a more developed institutional framework … issues. Conversely, firms' investment-cash flow sensitivity is higher in countries with a less developed institutional …
Persistent link: https://www.econbiz.de/10012950312
Berle himself supported. The world now faces problems caused in large part by the enormous international power of …
Persistent link: https://www.econbiz.de/10014346726
the region and the world as repeatedly dictated by the reality. Specifically, introduction of ACU-type of reserve assets …
Persistent link: https://www.econbiz.de/10013044370
broadly accepted that corporations - particularly the world's largest publicly traded corporations – need to be governed with … Modern Corporation Project at Cass Business School, launched the Corporate Governance for a Changing World Roundtable Series … together more than 260 leaders in business management, investment, regulation and academic and civil society communities with …
Persistent link: https://www.econbiz.de/10012987369
This paper critically examines the conventional view that the lack of fiduciary duty protections for corporate shareholders in civil law systems explains crucial differences in corporate structure and finance. It questions the thesis that the structure of civil law systems militates against the...
Persistent link: https://www.econbiz.de/10014214432
This survey gives an overview of the current state of knowledge on the question whether corporate governance structures worldwide are determinants of differences in economic performance. We look at the identities of owners, monitoring boards, and legal systems and find that some though not all...
Persistent link: https://www.econbiz.de/10014169952
SPACs or Special Purpose Acquisition Companies are shell companies, created to raise capital and used by private firms to access capital markets. Using a global sample of SPAC firms, this study assesses their performance and finds evidence of significant positive abnormal returns for SPAC firms...
Persistent link: https://www.econbiz.de/10013403903
outward foreign direct investment strategy of sovereign wealth funds (SWFs). Leveraging theoretical insights from the …
Persistent link: https://www.econbiz.de/10012138947