Family firms are considered a function of the family’s influence on firm’s strategic choices by pursuing vision for firm. Based premise socio-emotional wealth (SEW) theory, this study investigates whether they follow CSR as choice to grow and preserve SEW embrace social norms. Using sample 88 publicly listed founder-controlled in India, found that more family member participation improves perfo...

The 1991 Delaware court ruling involving Credit Lyonnais expanded the fiduciary duties of managers towards debtholders in the event that a firm is within the proximity of insolvency. Using a difference-in-differences approach that exploits this exogenous shock, we find that the 1991 ruling induced managers of Delaware firms ex ante to place a greater emphasis on investments that foster long-ter...

Reduction Semantics for Modular Higher-Order Contract Verification Sam Tobin-Hochstadt David Van Horn

The development of digital technology and the construction smart cities urge service enterprises to seek competitive advantages by building brands. However, there are few studies explore brand value, strategies, corresponding business strategies providers from financial perspective. This paper selects listed property companies China as sample explores value community based on observa...

The study employs modified interactive models and lead-lag models to investigate the correlation between corporate social performace (CSP) and financial performance (CFP) of listed companies in China. The samples are 1228 in both 2005 year and 2006 year, 1251 in the period of 20052006, and 1577 in both 2009 year and 2010 year, 1603 in the period of 2009-2010 year. The serious empirical research...

This study provides an empirical evidence on how Corporate Sustainability Performance (CSP), is reflected in the corporate value. Using a theoretical framework combining Legitimacy theory, Stakeholder theory and Agency theory, a set of hypotheses that relate the corporate value to CSP is examined. For a sample of Iranian firms, 28 components with four dimensions as Community, Environment, Emplo...

This study examines the financial performance and characteristics of born global firms (BGs) in China. While literature on BGs is growing, few systematic studies have investigated their performance, especially for from developing economies like compares ratios rates with those gradual internationalization (GIs) using analysis variance data 1,069 listed companies China’s manufacturing ...

Some empirical evidence suggests that the expected real interest and expected inflation rates are negatively correlated. This hypothesis of negative correlation is sometimes known as the Mundell-Tobin hypothesis. In this article we reinvestigate this negative relation from a long-term point of view using cointegration analysis. The data on the historical interest rate on T-bills and the inflati...

In the nineteenseventies, James Tobin suggested the introduction of a transaction tax on the currency market to cope with exchange rate volatility. We investigate the consequences of the introduction of such a tax on an asset market model from a game-theoretic and an experimental point of view. Our main results include in respect to our model that contrary to the situation in game-theoretic equ...