Using a large sample of 17,747 firms from 44 countries, we find significant positive peer effects on corporate investment. Specifically, a firm increases its investments by 2% to 6% in response to a one standard deviation increase in peer firms' investments. Further analyses show significant...

International financial reporting standards (IFRS) have been widely adopted around the world. However, whilst there is a lot of evidence on the economic consequences of IFRS adoption (e.g., foreign direct investments; development of financial markets; financial accounting quality; access to...

A considerable number of studies have examined the relationship between corporate governance (CG) structures and corporate performance. In contrast, despite its importance as demonstrated by the recent financial crisis, studies examining why and how a corporation's CG mechanisms might influence...

We examine the relation between four cultural dimensions and countries' decisions to adopt International Financial Reporting Standards (IFRS) around the world. Using a sample of 76 non-EU countries, we analyze IFRS adoption decisions during the period 2003-2014 to test the hypothesis that...

Drawing on institutional theory, we examine the impact of corporate governance (CG) on corruption. The interaction effects of national culture and CG on corruption are also examined. By employing a dataset of 149 countries, our baseline findings indicate that the quality of CG practices reduces...