This study examines the impact of CEO duality on firms' internal capital allocation efficiency.
We observe that when the CEO is also chair of the board, diversified firms make inefficient …

We investigate how corporate payout policy is influenced by executive incentives, ie stock
and option holdings, stock option deltas and stock-based pay-performance sensitivity for …

This paper investigates the relationship between corporate financialization and asymmetric
cost behavior using the Chinese listed companies over the period of 2009–2017. To …

This paper investigates the role of corporate governance in China's outward foreign direct
investment (ODI) using a sample of Chinese public firms over the period 2009–2015 …

ABSTRACT The Tax Cuts and Jobs Act of 2017 (TCJA) dramatically changed US taxation of
foreign earnings for US multinational companies (MNCs). Specifically, the TCJA required …

Our study aims to investigate the impact of some governance mechanisms especially,
shareholder activism, gender diversity, board independence, and board size, on investment …

Agency theory argues that managerial equity-based incentives are more effective when firm
solvency is likely while debt-based incentives are more effective when firms face a greater …

This paper investigates how financial statement comparability affects the efficiency of
internal capital markets and diversification discounts in multi‐segment firms through …

This study investigates how internal capital market inefficiencies influence capital return to
equity shareholders via dividends and repurchases. A company's allocation of capital …

Abstract The Tax Cuts and Jobs Act of 2017 (TCJA) reduces US multinational
companies'(MNC) internal capital market frictions related to repatriation costs by decreasing …