The rise of emerging market multinationals is a new and dynamic process, while their approach towards their host economies are relatively unique compared to more developed MNEs. In this course material we summarized the existing theories of internationalization and foreign direct investment,...

The initial view of the advantages of ownership concentration in joint stock companies was determined by the concern about the opportunistic managerial behavior. The growing importance of knowledge and human capital in the operation of firms shifts the focus of concern: excessive ownership...

This research advances four theoretical approaches in an attempt to relate the banking activities to the real economic activities. It starts with the Schumpeter’s circular flow of creditary production that argues that the banks start the production cycle for offering the credits that enable...

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...

This study utilized an ex post facto design to examine the relationship between student persistence and receipt of financial aid in the non-traditional student population at a Southwestern Connecticut community-technical college. The sample population size was 739 and consisted of matriculated...

The first paper studies the relationship between institutional ownership, board structure and earnings management, and in particular investigates whether board structure and activist institutional ownership as it is characterized in the literature have an impact on earnings management. For this,...

This dissertation examines whether insiders manage quarterly earnings in connection with their SEC Rule 10b5-1 plan stock sales. Prior research provides evidence of competing incentives regarding the timing of insider stock sales. For example, insiders can (1) sell after they have managed...

The access to credit and financial services play a critical role in fostering economic growth and maintaining economic stability. The ability to obtain credit at a fair price and terms has remained one of the most powerful determinants of economic opportunity, income generation, wealth creation...