FEN: Other International Corporate Finance (Topic)最新文献_第4页

Does Ownership Identity Matter? A Meta‐Analysis of Research on Firm Financial Performance in Relation to Government Versus Private Ownership 所有权身份重要吗?政府与私有制对企业财务绩效影响的Meta分析研究

FEN: Other International Corporate Finance (Topic) Pub Date : 2018-03-01 DOI: 10.1111/abac.12103

K. Wang, Gregory Shailer

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引用次数: 50

Silicon Valley Venture Capitalist Confidence Index™ 硅谷风险资本家信心指数™

FEN: Other International Corporate Finance (Topic) Pub Date : 2018-02-09 DOI: 10.2139/ssrn.3123885

M. Cannice

引用次数: 2

The Interdependence of Public and Private Stakeholder Influence: A Study of Political Patronage and Corporate Philanthropy in China 公私利益相关者影响的相互依存:中国政治庇护与企业慈善事业研究

FEN: Other International Corporate Finance (Topic) Pub Date : 2018-02-05 DOI: 10.1108/S0742-332220180000038007

Nan Jia, Jing Shi, Yongxiang Wang

{"title":"The Interdependence of Public and Private Stakeholder Influence: A Study of Political Patronage and Corporate Philanthropy in China","authors":"Nan Jia, Jing Shi, Yongxiang Wang","doi":"10.1108/S0742-332220180000038007","DOIUrl":"https://doi.org/10.1108/S0742-332220180000038007","url":null,"abstract":"Abstract \u0000We argue that the influence of public stakeholders (the state) and private stakeholders (nonstate social or economic stakeholders) on corporate philanthropy is interdependent, in that satisfying the state may increase the degree of scrutiny and pressure exerted by private stakeholders on the firm, particularly in institutional environments that place few checks and balances on the power of the state – thus creating suspicion that political patronage shelters firms’ social and moral wrongdoing. To test this theory, we examine the circumstances under which politically patronized firms engage more (or less) in corporate philanthropy. Utilizing a dataset that encompasses both publically traded and unlisted private firms in China, we find that corporate philanthropy is negatively associated with political patronage among unlisted firms but positively associated with political patronage among listed firms. These results are consistent with the predictions made based on our theoretical arguments. This chapter aims to foster further discussion regarding the interdependence of the influences exerted by different stakeholders on firms.","PeriodicalId":417524,"journal":{"name":"FEN: Other International Corporate Finance (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-02-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114485483","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 17

China’s Development Banks in Asia: A Human Rights Perspective 中国在亚洲的开发银行:人权视角

FEN: Other International Corporate Finance (Topic) Pub Date : 2017-12-01 DOI: 10.1007/978-981-10-6129-5_10

Matthias Vanhullebusch

引用次数: 1

The Effect of Engagement Auditors on Financial Statement Comparability 审计业务对财务报表可比性的影响

FEN: Other International Corporate Finance (Topic) Pub Date : 2017-10-03 DOI: 10.2139/ssrn.3047631

Liuchuang Li, Baolei Qi, Jieying Zhang

{"title":"The Effect of Engagement Auditors on Financial Statement Comparability","authors":"Liuchuang Li, Baolei Qi, Jieying Zhang","doi":"10.2139/ssrn.3047631","DOIUrl":"https://doi.org/10.2139/ssrn.3047631","url":null,"abstract":"\u0000 Prior literature finds that audit firm style shapes client financial statement comparability (Francis, Pinnuck, and Watanabe 2014). We expect that engagement partners also shape financial statement comparability, and find that two clients audited by the same engagement auditor have more comparable accruals than two clients audited by different auditors. We also find that engagement auditor past comparability style explains new client comparability with industry peers, suggesting that auditor style persists over time. We uncover that auditor personal traits including gender, experience, qualification, and specialization are associated with higher comparability. Finally, we find that adding the audit-firm, audit-office, and engagement-auditor fixed effects increases the adjusted R2 of our accrual comparability model by 0.6 percent, 1.9 percent, and 10 percent, respectively. Taken together, our findings suggest that the engagement auditors have a distinguishable effect on financial statement comparability that is incremental to the effect of audit firms and offices.\u0000 Data Availability: All data are publicly available from the sources identified in the text.","PeriodicalId":417524,"journal":{"name":"FEN: Other International Corporate Finance (Topic)","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-10-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121346229","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5

Squeezing Suppliers or Liquidity Shortage? 挤压供应商还是流动性短缺?

FEN: Other International Corporate Finance (Topic) Pub Date : 2017-08-16 DOI: 10.2139/ssrn.3030517

Shumi M. Akhtar, Ye Ye

引用次数: 1

The Diversity of Expertise on Corporate Boards in Australia 澳大利亚公司董事会专业知识的多样性

FEN: Other International Corporate Finance (Topic) Pub Date : 2017-06-01 DOI: 10.1111/acfi.12146

Stephen Gray, J. Nowland

引用次数: 37

All Ties are Not Created Equal: Institutional Equity Ties, IPO Performance, and Market Growth of New Ventures 并非所有关系都是平等的:机构股权关系、IPO表现和新创企业的市场增长

FEN: Other International Corporate Finance (Topic) Pub Date : 2017-05-10 DOI: 10.1093/OXFORDHB/9780190614577.013.38

Yong Li, Emery B. Q. Yao

引用次数: 1

How Should Taxes Be Designed to Encourage Entrepreneurship? 税收应该如何设计以鼓励创业?

FEN: Other International Corporate Finance (Topic) Pub Date : 2017-01-09 DOI: 10.2139/ssrn.2896431

Roger H Sarada, R. Gordon

{"title":"How Should Taxes Be Designed to Encourage Entrepreneurship?","authors":"Roger H Sarada, R. Gordon","doi":"10.2139/ssrn.2896431","DOIUrl":"https://doi.org/10.2139/ssrn.2896431","url":null,"abstract":"This paper examines how tax policy should be designed to best encourage entrepreneurial activity in start-up firms. We begin by describing several presumed market failures affecting entrepreneurial firms that would lead to an under-provision of entrepreneurial activity: 1) information spillovers from innovations in entrepreneurial firms to other firms, 2) positive externalities to consumers from innovative new products sold by these firms, and 3) lemons problems in the market for both debt and equity issued by these firms. We then analyze the degree to which various tax policy measures can alleviate these failures. A key complication we focus on is the inability of the government to observe which, and the degree to which, any given start-up firm is entrepreneurial. This forces policy to target behavioral differences between entrepreneurial and non-entrepreneurial start-ups. We presume that start-up firms, to the degree they are entrepreneurial, face upfront costs in developing and marketing a new technology, and in the process face substantial risk. Our analysis then suggests the use of refundable tax savings from business losses in start-ups together with a compensating surtax on the profits of start-ups (needed in the case of lemons problems) to help alleviate the various market failures faced by entrepreneurial start-ups.","PeriodicalId":417524,"journal":{"name":"FEN: Other International Corporate Finance (Topic)","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114985919","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 24

Investment Bank Expertise in Cross-Border Mergers and Acquisitions 投资银行在跨境并购方面的专业知识

FEN: Other International Corporate Finance (Topic) Pub Date : 2017-01-03 DOI: 10.2139/ssrn.2698417

Matteo P. Arena, Michaël Dewally

引用次数: 0