Although numerous theoretical articles investigate factors affecting corporate demand for insurance, empirical tests of the theories are very limited. This article is one of the first attempts to empirically investigate the demand for general insurance of non-financial corporations by using data on Japanese corporations. Regarding insurance demand of Japanese corporations, size, leverage, and r...

I offer an institutional theory of corporate social responsibility consisting of a series of propositions specifying the conditions under which corporations are likely to behave in socially responsible ways. I argue that the relationship between basic economic conditions and corporate behavior is mediated by several institutional conditions: public and private regulation, the presence of nongov...

Rumelt’s (1991) widely cited paper presents estimates of the relative influence of industry, corporate, business unit, and other influences on business unit profitability. He finds corporations explain almost none of the variability in business unit profitability. Using a simultaneous equation model, we provide alternative estimates of the influence of industry and corporation on business unit ...

commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for financing working capital and meeting short-term liabilities. it is one of the most important financial instruments that constitute a significant portion of issued debt securities in financial markets. nevertheless, commercial paper, like many other conventional financial instruments, has been st...

Turkey has experienced two economic shocks, where the second one had devastating effects on the financial sector and real sector. The purpose of this paper is to show the impact of economic crisis on the capital structure of corporations, which are traded in İstanbul Stock Exchange, and the impact of capital structure on the performance of corporations. It is hypothesized that high leverage fir...

Multinational corporations are considered as a differentiated network of interorganizational (HQ-subsidiary) relations. Using data from 66 of the largest North American and European multinationals it is shown that four naturally existing clusters of subsidiaries can be found on the basis of the complexity of the external environment faced by the subsidiary and its organizational resources. Cent...

Close corporations account for 51 percent of the private sector output and 52 percent of all private employment in the US. Understanding governance issues and agency problems facing these firms is therefore of considerable importance. Legal scholars extensively recommend that the main shareholder in close firms surrender some control to minority shareholders at the outset in order to improve ov...

Based on the Open Data Charter of G8 in 2013, the Japanese government published a dataset covering approximately 4.4 million corporations in December 2015, but the dataset is merely rated as 3-star in the 5-star rating system of Open Data. To improve usability, we defined a schema for corporation data, converted the dataset into 5-star using this schema, and published the created dataset under ...