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Cross-listing on a U.S. exchange does not bond foreign firms to follow the corporate governance rules of that exchange. Hand-collected data show that 80% of cross-listed firms opt out of at least one ...
We exploit an exogenous shock to corporate ownership structures created by a recent tax reform in Germany to explore the link between corporate governance and internal capital markets. We find that fi...
Global economic transactions such as foreign direct investment must extend over an institutional abyss between the jurisdiction, and therefore protection, of the states involved. Intergovernmental org...
Liquidity and Governance     Liquidity  Governance       2013/11/27
Is greater trading liquidity good or bad for corporate governance? We address this question both theoretically and empirically. We solve a model consisting of an optimal IPO followed by a dynamic Kyle...
We analyze a rational-expectations model of price formation in an intermediate-good market under uncertainty. There is a continuum of firms, each consisting of a party who can reduce production cost a...
This paper reviews recent trends and effects of FDI in developing Asia; domestic policy changes in six Asian host economies (People’s Republic of China, India, Republic of Korea, Malaysia, Thailand, a...
East Asia has enjoyed rapid industrialization during these two decades. However, some of them have suffered from environmental degradation locally, and others done from regional and global environment...
In this paper, we investigate the relationship between the types of supply chain governance structure and the perceived relationship performance of Ghanaian fresh fruit and vegetable exporters concern...
In this age of globalization, the FTA is flourishing in numbers. It is no exaggeration “the FTAs are covering the whole globe”. However, it has some defects that it is far from an ideal means of globa...
The municipalization of the water service in Los Angeles (LA) in 1902 was the result of a (mostly implicit) compromise between the city’s political, social, and economic elites. The economic elite (th...
To understand the corporate performance of Japanese firms in the twentieth century, we have constructed a comprehensive database that includes asset, capital composition, profitability, and other vari...

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