High rates of corporate taxation reduce corporate investment and thereby depress local wages. Using cross-country data I estimate that a ten percentage point increase in the corporate tax rate of high-income countries reduces mean annual gross wages by seven percent. The results do not support the common belief that the burden of corporate taxes falls most heavily on skilled labor; corporate ta...

Corporate household not only refers to the strict hierarchical structure within the corporation, but also the variety of inter-organizational relationships. We propose a conceptual definition for corporate household, corporate household knowledge, and corporate household knowledge processor. After describing research challenges and conceptual definitions, we summarize potential solution approac...

This paper focuses on the inter-relationship between corporate governance, financing of corporate growth and stock market development in emerging countries. It explores both theoretically and empirically the nature of the interrelationships between these phenomena, as well as their implications for economic policy. It concentrates on how corporate growth is financed, an area where the literatur...

In recent years, there has been a virtual explosion of interest in corporate go ernance. Corporate scandals and the need to protect minority shareholders’ interests are two of the reasons behind the development of corporate governance codes in numerous countries and corporations. At the same time, the concepts of “sustainable development”, “corporate responsibility”, and “corporate citizenship”...

This paper focuses on different avenues of corporate social responsibility as alternative methods for alleviating agency problems between shareholders and bondholders. Specifically, the paper documents the relationship between capital structure (leverage) and corporate social responsibility. Using agency theory, a positive causal relationship is shown between leverage and certain corporate soci...

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form corporate ventures. Based on a sample of corporate and independent ventures in German manufacturing, we show that corporate ventures are more innovative than the control group of independent ventures. In particular, corporate ventures are more successful at developing radical innovatio...

PURPOSE To describe the role played by the International Medical Advisory Board (IMAB) in clinical and corporate governance at Optical Express, a corporate provider of refractive surgery. METHODS A review of goals, objectives, and actions of the IMAB. RESULTS The IMAB has contributed to study design, data analysis, and selection of instruments and procedures. Through interactions with Optic...

This paper investigates the relationship of ownership structure and corporate performance of China’s listed property companies. Data from all the listed property companies on China’s stock market from 2000 to 2002 to study ownership concentration, type of controlling shares and their relation to corporate performance. The methodology applied is the conventional ordinary least square (OLS) model...

This paper outlines the first stage of the ODARyT Tool, a semantic web approach to represent and retrieve information in a corporate memory. After a brief discussion about the meet points between semantic web and corporate memories, we describe our semantic approach related to a specific corporate memory located in the Networks and Telecommunication domain. The corporate knowledge is represente...

This paper investigates the relationship between director shareownership and corporate performance in South Africa using a sample of 169 listed firms from 2002 to 2007. Our results suggest a statistically significant and positive association between director shareownership and corporate performance. By contrast, we find no evidence of a nonlinear effect of director shareownership on corporate p...