We examine the relationship between the number of bank relationships and firms’ performance, evaluating possible differential effects related to firms’ size. Our sample of firms from Italy includes many small firms, 99 percent of which are not listed and for which bank debt is a major source of financing. In the sample, 4 percent of the firms have a single bank relationship, and 66 percent of t...

This paper proposes a procedure to incorporate the conjectural variation approach in Computable General Equilibrium (CGE) analysis such that the strategic interaction among rival firms in international markets can be modelled. It shows how to calibrate the conjectured reactions of rival domestic and foreign firms. It also shows that the approach suggested by Harrison, Rutherford and Tarr (hence...

Innovation strategies of entrepreneurs are mapped with growth and performance of their firms in this study. Findings of the study are based on the data collected from 1238 small ICT firms located in 25 member states of European Union. The survey was conducted during October 2006 and March 2007. Results of Logit analysis suggest that firms that pursued continuous innovation strategies experience...

This version: March 3, 2004 This draft is very preliminary and incomplete. Please do not quote or circulate. Comments are welcome. Abstract Using the data from World Business Environment Survey (WBES) on over 10,000 firms across eighty one countries, this paper finds significant regulatory advantages—as perceived by the firms themselves—enjoyed by foreign firms over domestic firms. The findings...

Previous academic and popular literature has raised important debates concerning the contradictory incentives for international firms to reduce their environmental impacts and offer transparent environmental information about their operations. As an exhaustive review of this literature revealed mixed and partial evidence, we compared the individual corporate environmental performance and disclo...

This study investigates differences in the policies being pursued by innovative and non-innovative firms. It focuses on a broad group of strategies--in marketing, finance, production, management and human resources and asks whether there are key areas in which the strategies being followed by innovative and non-innovative firms differ. It also ask how the activities of firms in each of these ar...

Abstract The purpose of this study is to explore the differential gains from internationalization for different forms corporate governance. In particular, we seek move question concerning whether firms are able generate internationalization, why. Our focus on ownership structure, and rates at which business group affiliated standalone gain internationalization. Using a unique data set some 356 ...

This study aims to look at ESG reporting in India through the lens of greenwashing, with a focus on companies listed National Stock Exchange under NIFTY 50 index using available scores and assessments. Further, it measure indulgence greenwashing by companies. also analyses attempts highlight factors that influence company’s behaviour, focusing specifically Indian context. Data for empirical cal...

Agency theories predict that firms acquire and diversify through acquisitions as they grow older and exhaust their internal growth opportunities, and that they do so for the benefit of managers rather than shareholders. In contrast, we find that acquiring firms are firms with better growth opportunities and performance irrespective of their lifecycle stage. While younger firms acquire more than...