We study the difference between U.S.-based multinational corporations (MNCs) and U.S. domestic corporations (DCs) in terms of management efficiency with return on capital as the measure of management efficiency. We use a fixed effect model to account for heterogeneity and/or the time-specific...

The COVID-19 economic crisis in 2020 (COVID-19 crisis) and 2007-2009 global financial crisis (GFC) were both worldwide and posed significant challenges for firms. In this study, using Hofstede’s cultural dimension framework to analyze the cross-country, firm-level data for thousands of firms...

We examine the impact of covenant violation on corporate operational efficiency. Using aggregate measures of operational efficiency developed by Demerjian et al. (2012), we find that covenant violations are negatively associated with operational efficiency, suggesting lower operational...

Purpose: The positive psychology movement suggests organisational behaviourists should accentuate the positive by increasing the attention paid to the enhancement of employee wellness. This fits comfortably with the ethos of human resource management which is rooted in notions of social...