Over the past decade, besides authentication, ownership management protocols have been suggested to transfer or delegate the ownership of RFID tagged items. Recently, Niu et al. have proposed an authentication and ownership management protocol based on 16-bit pseudo random number generators and exclusive-or operations which both can be easily implemented on low-cost RFID passive tags in EPC glo...

A natural experiment in which customer-owned mutual companies converted to publicly listed firms created a plausibly exogenous shock to the stock market participation status of tens of thousands of people. We find the shock changed the way people vote in the affected areas, with a 10% increase in share-ownership rate being followed by a 1.3%–3.1% increase in right-of-center vote share. The inst...

Neoclassical models postulate that firms’ investment is determined by expected profitability and the cost of capital. Capital market imperfections, caused by information asymmetries and agency costs, lead to a modified investment scenario, where the external cost of capital is higher than the cost of internal funds. This, in turn, leads to the well-known result of underinvestment by firms. We h...

The separation between ownership and control has been identified as the main cause of agency problem, resulting in a disparity interests agents those principals, consequently, there is an impact on performance. Corporate governance mechanisms are ways resolving problem at all levels. This study examines structure firm performance United Kingdom’s FTSE 350 companies from 2008-2018 fiscal years. ...

This study presents an empirical analysis of the relationship between industrial timberland ownership and financial performance of forest products companies in the United States. Based on the structure-conduct-performance model of the industrial organization theory, we develop and estimate a three-stage least squares model system that links timberland ownership with performance. Our results sho...

MNEs from emerging economies (EE MNEs) have recently undertaken aggressive cross-border mergers and acquisitions (M&As). This phenomenon challenges the current understanding in the international business literature. Integrating the comparative advantage theory with Dunning’s OLI paradigm, this article develops a comparative ownership advantage framework characterized by five attributes: (1) nat...

This study examines the influence of key corporate governance factors on the internationalization decisions of emerging economy (EE) firms. By integrating the resource-based view and agency theory, it investigates the effects of controlling owner identity, non-controlling shareholder ownership, and the interactions of these with CEO power, in order to reveal their individual and joint effects o...