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A Global Analysis of Climate Risk: The Case of Corporate Employment Decision-Making
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Board Reforms and Bank Stability
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Reactions to Reputational Exposure on Corporate Dividend Policies: Evidence from Media Around the World
In: FINANA-D-23-00955
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Examining the influence of corporate social responsibility performance on earnings management: A global perspective in the context of sustainable development
In: Business strategy and development, Band 7, Heft 2
ISSN: 2572-3170
AbstractThis article examines the relationship between corporate social responsibility and earnings management behavior around the world. Using international data from 35 countries between 2003 and 2019, we find evidence that increased corporate social responsibility tends to mitigate the pressure to manage earnings. These findings are robust to alternate measures of earnings management, corporate social responsibility, as well as controlling for endogeneity caveats by two‐stage‐least square and system generalized‐method‐of‐moments estimations. We further show that the negative association between corporate social responsibility and earnings management is more pronounced for firms in countries with high press freedom or high societal trust. The findings from this article provide implications for investors, analysts, business participants, and regulators.
Foreign Institutional Ownership and Corporate Labor Investment
In: International Review of Finance
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Corporate governance and labor investment efficiency: International evidence from board reforms
In: Corporate governance: an international review, Band 30, Heft 5, S. 555-583
ISSN: 1467-8683
AbstractResearch Question/IssueThis study investigates whether and how board reforms affect labor investment efficiency using a difference‐in‐differences analysis of board reforms in 41 countries worldwide as an exogenous shock.Research Findings/InsightsBoard reforms are positively associated with labor investment efficiency because they benefit firms in reducing over‐hiring, under‐firing, under‐hiring, and over‐firing. Further, we show that the positive effect is more pronounced among firms with lower board independence before the reforms, firms with high institutional foreign ownership, firms with higher corporate social responsibility (CSR), and labor‐intensive firms. While countries with rule‐based reforms experience a greater reduction in abnormal net hiring post‐reform, the effects of reforms are similar across civil and common law countries. Further analyses reveal that in countries with higher employment protection legislation, the beneficial relationship between board reforms and labor investment efficiency is weaker.Theoretical/Academic ImplicationsOur study suggests that one of the mechanisms linking board reforms and labor investment efficiency is a reduction in frictions, such as moral hazard and adverse selection, which hamper efficient labor investment. To the best of our knowledge, this is the first international study that explores globally the relationship between board reforms and firm labor policies, in particular, labor investment efficiency.Practitioner/Policy ImplicationsGiven the importance of identifying and confirming the role of corporate governance in human capital investment efficiency, our empirical investigation provides useful insights and policy implications for managers in building efficient labor policies.
Navigating through Political Risk in Vietnam: The Role of Corporate Cash Holdings
In: International journal of public administration, Band 45, Heft 5, S. 427-441
ISSN: 1532-4265
Corruption and financial fragility of small and medium enterprises: International evidence
In: Journal of Multinational Financial Management, Band 57, Heft 100660
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Shareholder Litigation Rights and Labor Investment Efficiency
In: Finance Research Letters, No. 102296, 2021
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"One must do, five reductions" qualitative analysis of the diffusion and adoption constraints in Vietnam
In: Development in practice, Band 32, Heft 6, S. 768-780
ISSN: 1364-9213
Changes in Social Capital
In: Journal of Vietnamese studies, Band 9, Heft 2, S. 68-99
ISSN: 1559-3738
This paper describes how the social capital of rice farmers of the Mekong Delta of Vietnam, as manifested in the tradition of collective farming practice, has changed. Collective rice farming persisted for decades, irrespective of critical events that challenged its continuation, due to two key factors: the high need for collective farming to ensure subsistence, and the availability of a closely knit social network that facilitated the exchange of labor. Despite its longevity, the practice of collective farming, particularly in terms of labor exchange and mutual aid in farming activities, has not been maintained under current agrarian reforms. Land reform, increased mechanization, and shortened crop cycles leading to labor shortages have all resulted in individualized rice farming, making mobilization for spontaneous collective action at the community level challenging.
Proceedings of the Rand Project Air Force Workshop on Transatmospheric Vehicles: Santa Monica, April 18-19, 1995
In: Rand Report, MR-890-AF
World Affairs Online
Institutional development and firm risk from a dynamic perspective: Does ownership structure matter?
In: Economic Analysis and Policy, Band 72, S. 342-357
Economic Uncertainty, Ownership Structure and Small and Medium Enterprises Performance
In: Australian Economic Papers
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