Abstract By analyzing a hand-collected transaction-level dataset on the finance leases of China’s public firms for period 2007–19, this article sheds light leasing market, second largest in world. We find that banks use their affiliated to provide credit clients order circumvent government’s targeted tightening policy. In contrast conventional view regulatory arbitrage, our evidence shows that,...

We study the determinants of market pricing for vendors providing “hosting and related services.” We propose a novel typology linking firm features and firm behavior to pricing. We test between two views about the creation of value in technology commodity markets, one affiliated with mobility of assets from old to new, and the other affiliated with business acumen and efficiency. We labeled the...

Extant literature highlights the positive impact that collaborations between firms and universities have on external knowledge sourcing. Yet, while acknowledging that firm-university collaborations also can undermine a firm’s ability to protect its knowledge, the literature has stopped short of explaining factors that enable a firm to balance the beneficial impact that such collaborations have ...

We analyzed whether a firm’s engagement in socially responsible activities, as measured by environmental, social, and corporate governance (ESG) scores, influences their tendency to avoid tax the Korean financial market. found negative relationship between firms’ ESG scores avoidance terms of book-tax income difference during sample period 2011 2017. This result implies that firms with good CSR...

The aim of this paper is to assess ownership and control Jordanian listed firms by identifying group affiliations, control-enhancing mechanisms, the wealth controlling owners. Hand-collected data for 237 on Amman Stock Exchange (ASE) used identify ultimate owners, construct affiliated groups, compute separation between cash flow rights created pyramid structures cross-holdings. findings indicat...

The present study examines whether business group affiliates engage in social capital and knowledge sharing relations with firms within their groups more than they do peers outside the group. In addition, this compares affiliated independent terms of performance innovation. Using survey data from 128 Turkish manufacturing firms, findings indicate that while firms’ show significant differences t...

In most studies, the affiliation of manager (family-affiliated or non-family affiliated) and supposedly related behavior (agent steward) is considered sole antecedent to explain a family business’ (non) professionalization managerial controls. This paper, based on Luhmann’s new system theory, examines whether family’s decision premises influence design controls in firms addition manager’s statu...

We examine whether institutional investors, and specifically underwriters, have an information advantage over other market participants in new public companies. We focus our attention on a sample of publicly traded firms that have become the target of an IPO-related securities class action lawsuit filed under Section 11 of the 1933 Securities Act between January 1991 and December 2006 and a mat...