Empirical Research in Banking and Corporate Finance is the 21st volume of Advances in Financial Economics and deals with International Corporate Governance. Explored in detail are the role of corporate cultures, social responsibility, stock liquidity, securitization, leveraged buyouts and the...

Valuation of Internet companies : a survey of the evidence / Pim Jansen, Enrico Perotti -- Capital market efficiency and its implications for the investor : a case of a superior product mismarketed / John F. Gaski -- How different is the long-run performance of mergers in the telecommunications...

This study examines the effects of managerial social capital on investment sensitivity to cash flow and Q. Using a large cross-country sample of companies for the period 1999–2012 and a traditional investment-Q framework, we discover that social capital reduces a firm's dependence on...