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This is one of the first large-scale studies to examine the voluntary disclosure practices of foreign firms cross-listed in the United States. We proxy for voluntary disclosure using three attributes of firms' management earnings guidance: (1) the likelihood of issuance; (2) the frequency of...
Persistent link: https://www.econbiz.de/10013087149
investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M …&A and non-M&A FDI. We use firm-level evidence to empirically examine the effect of corporate governance in the United States … (US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only …
Persistent link: https://www.econbiz.de/10010507297
investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M …&A and non-M&A FDI. We use firm-level evidence to empirically examine the effect of corporate governance in the United States … (US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only …
Persistent link: https://www.econbiz.de/10003984736
investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M …&A and non-M&A FDI. We use firm-level evidence to empirically examine the effect of corporate governance in the United States … (US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only …
Persistent link: https://www.econbiz.de/10013069660
The rise in state-owned enterprises (SOEs) as growing actors in international trade and investment has received renewed attention in recent years, not least due to controversy that has arisen over SOE foreign investments. This has raised the profile of these issues with policy makers and tilted...
Persistent link: https://www.econbiz.de/10011582215
Better corporate governance can reduce the scope for increasing shareholder value and thus discourage M&A FDI inflows …. Sound governance may also discourage non-M&A FDI inflows in light of the complementary relationship between M&A and non …-M&A FDI. We use firm-level evidence to empirically examine the effect of US corporate governance on Japanese M&A and non …
Persistent link: https://www.econbiz.de/10010943012
investment (FDI). This, in turn, can reduce the returns from non-M&A FDI in light of the complementary relationship between M …&A and non-M&A FDI. We use firm-level evidence to empirically examine the effect of corporate governance in the United States … (US) on Japanese M&A and non-M&A FDI inflows. In doing so, we expand upon Alba, Park, and Wang (2009), which looked only …
Persistent link: https://www.econbiz.de/10008462341
This is one of the first large-scale studies to examine the voluntary disclosure practices of foreign firms cross-listed in the United States. We proxy for voluntary disclosure using three attributes of firms' management earnings guidance: (1) the likelihood of issuance; (2) the frequency of...
Persistent link: https://www.econbiz.de/10013094764
Exit theory predicts a governance role of outside blockholders' exit threats; but this role could be ineffective if managers' potential private benefits exceed their loss in stock-price declines caused by outside blockholders' exit. We test this prediction using the Split-Share Structure Reform...
Persistent link: https://www.econbiz.de/10011646329
This paper addresses three types of geographical decoupling in foreign direct investment (FDI), i.e., challenges when … using traditional FDI data as a proxy for real economic integration between economies: (i) large bilateral asymmetries … between inward and outward FDI, (ii) the role of special purpose entities (SPEs), and (iii) the effect of moving from …
Persistent link: https://www.econbiz.de/10012059467