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We examine the informational role of governments in the private sector in emerging economies. Using a large sample of private firms, we show that governments’ ability and willingness to collect and disseminate economic information (government transparency) is positively associated with...
Persistent link: https://www.econbiz.de/10012886225
This study examines the effects of CEO global reputation on cross-border M&A performances. Based on the CEO's Twitter accounts, we hand-collect the information about the CEO’s followers to measure their global reputation. We find that CEOs with better global reputations improve cross-border...
Persistent link: https://www.econbiz.de/10013295404
The prior literature establishes that trust affects investment, however, whether it leads to investment efficiency is … unaddressed. This study seeks to investigate the relationship between societal trust and corporate investment efficiency. The … study documents a positive association between societal trust and corporate investment efficiency. Using data from 30 …
Persistent link: https://www.econbiz.de/10012850241
To gain insights about the quality of board's firing decisions, we investigate abnormal stock returns and operating performance around CEO-turnover announcements in a new hand-collected sample of 208 "clean" turnover events between January 1998 and June 2009. Unlike the majority of previous...
Persistent link: https://www.econbiz.de/10009565583
In this paper, we examine the monitoring role of government customers in emerging markets, a setting where public procurement is significant but the procurement institutions are weak. In these countries, financial statements certification could be an important mechanism for a private firm to...
Persistent link: https://www.econbiz.de/10012822518
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The paper provides an international setting to investigate influences of female CEOs on corporate investment-cash flow … are relevant and critical traits in the investment decision-making process yet greatly underdiscussed as ‘common’ traits … availability of internal cash flow when making investment decisions than are male CEOs. This greater reliance is further increased …
Persistent link: https://www.econbiz.de/10014353551
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