Board composition, family ownership, institutional distance and the foreign equity ownership strategies of Turkish MNEs
نویسندگان
چکیده
منابع مشابه
Tax Avoidance and Institutional Ownership: Active vs. Passive Ownership
Income tax is one of the most important costs of companies and it is usually considered as a cost that should not be paid. One of the most noticeable and influential factors in tax avoidance is corporate ownership structure. With an emphasis on institutional ownership and its types in this paper, it is attempted to measure the effect of this ownership and its types on corporate tax avoidance. F...
متن کاملImpact of Institutional Ownership and Board Independence on the Relationship Between Excess Free Cash Flow and Earnings Management
However, the free cash flows scale is important for the financial health of the company, but it has also its own limitations. Moreover, it’s not immune from accounting tricks. Free cash flows can be considered as a measure of value for shareholders of listed companies on Tehran Stock Exchange. The managers of these companies have tended to use the earnings management for managing the free cash ...
متن کاملCorporate governance, regulation and foreign equity ownership: Lessons from Korea
a r t i c l e i n f o Keywords: Corporate governance in emerging markets Foreign equity ownership Regulatory reform South Korea We investigate whether the introduction of a mandated independent director system affected firm ownership structure in South Korea, where the governance system changed significantly after the 1997 financial crisis. Results indicate that foreign investors place consider...
متن کاملInnovation and Institutional Ownership
Does greater equity ownership by institutional investors improve or inhibit innovation incentives? We present a model of career concerns where institutional ownership increases the incentives managers have to innovate through reducing informational asymmetries. We then utilize an original panel of US firms containing information on ownership, governance, managerial characteristics and innovatio...
متن کاملInnovation and Foreign Ownership
This paper uses a rich panel dataset of Spanish manufacturing rms (1990-2006) and a propensity score reweighting estimator to show that multinational rms acquire the most productive domestic rms, which, on acquisition, conduct more product and process innovation (simultaneously adopting new machines and organizational practices) and adopt foreign technologies, leading to higher productivity....
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of World Business
سال: 2018
ISSN: 1090-9516
DOI: 10.1016/j.jwb.2018.07.006