Purpose: The objective of this paper is to leverage a two-sided view of social capital to develop a model of board gender diversity and firm performance using social capital data from Northeast Regional Center of Rural Development. Design/methodology/approach: The authors examine a large sample...

Purpose: The purpose of this paper is to review the relevant literature on the causes of and regulatory reactions to the financial crisis of the last decade, popularly known as the “Global Financial Crisis (GFC)” or the “Housing Crisis” in the USA. Design/methodology/approach: This...

Purpose: The purpose of this paper is to critically review the relevant literature from the perspective of dual-class firms and to provide suggestions for future research on dual-class firms, and on methodological issues that should be addressed in such research. Design/methodology/approach:...

Purpose – The purpose of this paper is to examine the impact of governance quality on firms with multiple voting structures. Design/methodology/approach – The sample includes 487 acquisitions undertaken by dual-class firms from 1996 to 2009. The author used event studies (Patell, 1976) for...

This study uses the universe of US public firms to examine the impact of credit default swap (CDS) trading on a firm's cost of capital during the period 2001–2018. Our results robustly show that the inception of CDSs causes a significant reduction in a firm's weighted average cost of capital...

This study explores the impact of credit default swap (CDS) trading on a firm’s corporate social and environmental performance. Using a longitudinal sample spanning from 2002 to 2017 across eleven countries and regions, we find that CDS trading causes a significant reduction in the metric of...

The Chinese economy has posted an average annual growth rate of around 10% for at least a decade now. The boom in real estate is one of the most visible symbols of China's steps to become an economic and political giant in this century. This paper examines empirically the determinants of capital...

We investigate the determinants and consequences of compliance with the Dey Committee recommendations encouraging greater board independence in Canada. Companies that acted on this recommendation appear to have done so to improve their performance and not for cosmetic purposes. Poorly performing...