The relationship between board leadership, firm financial performance and agency costs is examined on behalf of a sample of multinational company subsidiaries (MNCs) and local public companies (LPCs) in Sri Lanka. Five years of data for 86 MNC subsidiaries and 113 LPCs, are collected and...

This study investigates the effect of firm level political connections on product and process (core) innovations in emerging economies using an instrumental probit model based on World Bank Enterprise Surveys data. We find that formal political connections have a favourable impact on firm level...