This paper focuses on how corruption affects an important internationalization behavior of firms: the extent of control - wholly owned subsidiary or equity participation - exercised by firms involved in cross-border mergers and acquisitions (M&A). Recently, scholars have recommended studying the...

The OECD Competition Committee debated antitrust issues involved with minority shareholdings and interlocking directorates in February 2008. This document includes an executive summary and the documents from the meeting: an analytical note by the OECD, written submissions from Belgium, Brazil,...

This paper describes the theoretical and empirical foundations for the competition concerns associated with common ownership, the proposed policy responses, associated critiques and identifies several tools and alternatives available to competition authorities to analyse the phenomenon in their...

The OECD SOE Compendium serves as a one-stop-shop of country-by-country, easily accessible and up-to-date information on individual countries’ institutional, legal and regulatory frameworks for state ownership of enterprises. Its target audience includes government officials involved in the...

This report finds that there is a growing trend toward an overall increase in establishing mechanisms for ensuring transparency and accountability of the state’s exercise of ownership rights including: developing a clear rationale for state enterprise ownership, a centralised or co-ordinated...

We provide causal evidence that German savings banks where local politicians are by law involved in their management systematically adjust lending policies in response to local electoral cycles. The different timing of county elections across states and the existence of a control group of...

We use a representative sample of German establishments to show that those with foreign ownership are more likely to use performance appraisal, profit sharing and employee share ownership than are those with domestic ownership. Moreover, we show that works councils are associated with an...