In this paper, we examine whether a failure-tolerant corporate culture spurs corporate innovation and increases firm value based on a sample of venture capital (VC) backed IPO firms. We develop a novel firm-specific measure of a failure-tolerant corporate culture hinging on the idea that the formation of corporate culture is largely determined by the attitudes and beliefs of its founders and ea...

journal of accounting advances (j.a.a) vol. 2, no. 2, fall & winter 2010, ser. 59/3     extended abstract   an investigation of agency theory and signaling theory in dividend policies: the role of institutional investors   dr. g. r. karami         dr. s. mehrani               h. eskandar tehran university   introduction        dividend has a special position among decision makers. dividend poli...

this study empirically investigates the relationship between the timeliness of the financial reporting and the corporate governance proxies for companies listed on the tunisian stock exchange during 2009.it investigates the role of the corporate governance mechanisms on the timeliness of corporate financial reporting besides; it investigates the relationship between the company size, leverage, ...

Quality-of-care issues in the US dialysis industry have led to proposals to proscribe physician ownership of these facilities. The logic behind this approach relates to a profits/quality tradeoff created by the existing reimbursement structure. Given that tradeoff, separating ownership from quality-of-care decision making ostensibly could improve performance. Our empirical results, however, do ...

This study examines the influence of key corporate governance factors on the internationalization decisions of emerging economy (EE) firms. By integrating the resource-based view and agency theory, it investigates the effects of controlling owner identity, non-controlling shareholder ownership, and the interactions of these with CEO power, in order to reveal their individual and joint effects o...

The purpose of this paper is to empirically analyze the factors that determine the timing of downsizing, focusing on which periods of positive profits or losses it is implemented in. We shed light on the factors concerning corporate finance, ownership structure and employer-employee attachments by employing a unique dataset. We reveal that the timing of downsizing depends on firms’ embeddeness ...