Performance Measurement for Sustainability: Does Firm Ownership Matter

Determinants of New Firm Formation: Does Location Matter?

The link between location features and the propensity to start a new firm is a subject that did not get much attention in Iran until recently. This paper is the first attempt on this proposition and is concerned with deliberating the effect of demographical and industrial characteristics of location on start-up rates in Iranian manufacturing industries. To fulfill this aim, regional panel data ...

Does Nonprofit Ownership Matter?

Crisis performance of European banks – does management ownership matter?

Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with devastating implications as risks realised during the financial crisis. Unfortunately, the empirical evidence on the impact of managerial incentives on bank crisis performance is scarce. Moreover, bank strategy has not previously been accounted for. Hence, this paper presents nov...

Does Greenness Matter? Environmental Performance, Ownership Structure and Analyst Coverage

We examine how the ownership, analyst coverage and stock market valuation of a sample of U.S. firms vary with their environmental performance. Both “green” and “toxic” firms have a larger number of shareholders but a smaller percentage of institutional owners and ownership stakes relative to environmentally neutral firms. Nonetheless, toxic firms have higher institutional ownership than green f...

Does Nationality of Ownership Matter

Do multinational firms exhibit different patterns of labor demand from purely domestic firms? Many standard models of trade and multinational companies suggest such differences. We examine this question using a plant-level panel covering U.K. manufacturing from 1973 through 1992, where we can distinguish U.K.-headquartered multinationals, foreign-owned multinationals, and domestic U.K. firms. A...