This study investigates whether the cultural distance between Korea and the home countries of foreign subsidiaries in Korea affects the subsidiaries’ financial performance. It contributes to the literature on international business in that it sheds light on cultural distance, a...

Foreign subsidiary performance and market efficiency effects are estimated and confronted in this paper using a rich firm-level panel for Polish manufacturing. Besides estimating total factor productivity, other performance measures are calculated and contrasted such as labor productivity,...

I study the effects of taxes on parent{subsidiary structures. To do so, I investigate mergers involving Korean firms during a period in which tax consolidation was not allowed. In particular, I analyze mergers through which a parent company and a wholly owned subsidiary combine into one legal...