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Does Increased Visibility to the IRS Cause Public Firms to Go Private? Evidence from FIN 48

Yost, Benjamin - 2021

This study investigates whether the introduction of a mandatory disclosure requirement (FIN 48), which had the effect of increasing public firms’ visibility to the tax authority, incentivized going-private transactions. Building on analytical work suggesting that disclosures required under FIN...

Persistent link: https://www.econbiz.de/10013233324

State Ownership and Corporate Leverage Around the World

De Haas, Ralph; Guriev, Sergei; Stepanov, Alexander - 2022

Does state ownership hinder or help firms access credit? We use data on almost 4 million firms in 89 countries to study the relationship between state ownership and corporate leverage. Controlling for country-sector-year fixed effects and conventional firm-level determinants of leverage, we show...

Persistent link: https://www.econbiz.de/10013289156

State Ownership and Corporate Leverage Around the World

De Haas, Ralph; Guriev, Sergei; Stepanov, Alexander - 2022

Persistent link: https://www.econbiz.de/10013289285

The role of corporate governance in managing small income in Indonesian state-owned enterprise

Nurhayati, Puji; Hatmawan, Aglis Andhita - In: Financial studies 25 (2021) 1, pp. 78-94

Earnings management is a behaviour that is difficult to avoid because of the impact of accruals in preparing financial statements. Earnings management occurs due to information asymmetry in a company. One way to prevent information asymmetry from occurringso as to reduce earnings management is...

Persistent link: https://www.econbiz.de/10012664505

Bringing together international trade and investment perspectives on state enterprises

Kowalski, Przemyslaw; Rabaioli, Daniel - 2017

State enterprises (SEs) have been increasingly competing with private firms in international markets, in terms of both cross-border trade and FDI. Given both the potentially positive contribution internationally trading and investing SEs can make, as well as the concerns raised about their...

Persistent link: https://www.econbiz.de/10011695360

The impact of government support on the performance of Indonesia's state-owned enterprises

Nugroho, Hendro - 2019

This study analyzes the impact of government support on the financial performance of Indonesia's state-owned enterprises (SOEs). I employ the ordinary least square (OLS) method with firm and year fixed effects in addition to clustered standard errors. The findings show that government support...

Persistent link: https://www.econbiz.de/10012037817

Public sector enterprises in India : enhancing geo-strategic reach and exports

Mukherjee, Arpita; Sarma, Angana Parashar; Barah, Ankita; … - 2020

Public sector enterprises (PSEs) have been one of the key drivers of economic development in several countries, including India. While many countries have gradually moved away from the PSE model of growth, in the year 2019, around 25 percent of the Fortune Global 500 companies were PSEs. As...

Persistent link: https://www.econbiz.de/10012203996

Enhancing the transparency and accountability of state-owned enterprises

Park, Chung-a - 2020

This paper provides an overview of national practices for improving the accountability and performance of SOEs by examining relevant legislation, policies, and practices in Asian and other economies. It assesses these against internationally agreed good practices exemplified by the OECD...

Persistent link: https://www.econbiz.de/10012156312

The effects of privatization and corporate governance of soes in transition economy : the case of Kazakhstan

Lee, Keun Jung - 2020

This paper focuses on the relationship between corporate governance and corporate performance by initial public offerings (IPOs) of Kazakhstan state-owned enterprises (SOEs) in the transition economies of Central Asia. It argues that privatization (i.e., IPO) has different effects depending on...

Persistent link: https://www.econbiz.de/10012212672

Boosting firm dynamism and performance in China

Molnár, Margit - 2017

With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining … profitability, and intensifying competition from other, lower-cost emerging economies, corporate behaviour in China needs to change … China’s ambition for greener and more sustainable growth. A larger proportion of firms, including state-owned enterprises …

Persistent link: https://www.econbiz.de/10011732705