Haku
Viitteet 1-9 / 9
Corporate Social Responsibility and Firm Financial Performance : The Mediating Role of Productivity
(15.05.2018)
Journal of Business Ethics 3
Journal of Business Ethics 3
This study treats firm productivity as an accumulation of productive intangibles and posits that stakeholder engagement associated with better corporate social performance helps develop such intangibles. We hypothesize ...
Can lenders discern managerial ability from luck? Evidence from bank loan contracts
(15.02.2018)
Journal of Banking and Finance February
Journal of Banking and Finance February
We investigate the effect of managerial ability versus luck on bank loan contracting. Borrowers showing a persistently superior managerial ability over previous years (more likely due to ability) enjoy a lower loan spread, ...
Secrecy, information shocks, and corporate investment: Evidence from European Union countries
(15.05.2018)
Journal of International Financial Markets, Institutions and Money May ; 2018
Journal of International Financial Markets, Institutions and Money May ; 2018
This study examines how national culture affects corporate investment. We argue that national culture affects corporate investment efficiency through the level of secrecy that national culture exhibits. Using a sample of ...
Private benefits of control and bank loan contracts
(31.01.2018)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper investigates whether or not private benefits of control by managers and large shareholders influence the financing cost of firms. Evidence shows that lending banks demand a significantly higher loan spread, ...
Innovation, Reallocation, and Growth
(15.11.2018)
American Economic Review 11 ; November
American Economic Review 11 ; November
We build a model of firm-level innovation, productivity growth, and reallocation featuring endogenous entry and exit. A new and central economic force is the selection between high- and low-type firms, which differ in terms ...
The role of auditors in merger and acquisition completion time
(15.11.2018)
International Journal of Auditing 3
International Journal of Auditing 3
Using a sample of 664 merger and acquisition (M&A) transactions and office‐level audit data, this study investigates the role of auditors in M&A completion time. We find that having a common auditor for both acquirer and ...
State enforceability of noncompete agreements : Regulations that stifle productivity!
(23.02.2018)
Human resource management 1
Human resource management 1
Noncompete agreements (also known as covenants not to compete [CNCs]) are frequently used by many businesses in an attempt to maintain their competitive advantage by safeguarding their human capital and the associated ...
Do venture capital firms benefit from a presence on boards of directors of mature public companies?
(29.12.2017)
Journal of Corporate Finance April 2018
Journal of Corporate Finance April 2018
This paper examines the benefits to venture capital firms of their officers holding directorships in mature public companies in terms of fundraising and investment performance. Our empirical results show that venture capital ...
Differences make a difference : Diversity in social learning and value creation
(05.12.2017)
Journal of Corporate Finance February ; 2018
Journal of Corporate Finance February ; 2018
Prior research has demonstrated that CEOs learn privileged information from their social connections. Going beyond the importance of the number of social ties in a CEO's social network, this paper studies the value generated ...