Working Paper
Cross-Border Venture Capital Investments: What Is the Role of Public Policy?
Cross-border venture capital (VC) investments play an important role in the scaling up of high-growth companies. However, policymakers worry that...
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A Financial Force to be Reckoned With? An Overview of Sovereign Wealth Funds
Sovereign Wealth Funds (SWFs) represent a new form of investment organizational structure and have grown to over $5.7 trillion assets under management...
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The Diffusion of Corporate Governance to Emerging Markets: Evaluating Two Dimensions of Investor Heterogeneity
This paper investigates whether foreign institutional investors in emerging markets can enhance shareholder value. We pay special attention to two...
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Boosting International Investment: The Role of Expert Assessments of Corporate Governance
Global investors often demand independent assessments of firms’ governance mechanisms. However, the supply of such evaluations is subject to two...
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'Lending by Example': Direct and Indirect Effects of Foreign Banks in Emerging Markets
Using a novel dataset that allows us to trace the bank relationships of a sample of mostly unlisted firms, we explore which borrowers are able to benefit...
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Does It Pay to Go Global in the Boardroom? The Effect of Foreign Directors on Corporate Governance and Performance
We examine the benefits and costs associated with foreign independent directors (FIDs) at U.S. corporations. We find that firms with FIDs make better...
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Mergers, Acquisitions and Restructuring: Types, Regulation, and Patterns of Practice
An important component of corporate governance is the regulation of significant transactions ? mergers, acquisitions, and restructuring. This...
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Is Economic Nationalism in Corporate Governance Always a Threat?
During the past decades, corporate law and corporate governance debates have generally been skeptical of elements of economic ‘Nationalism’ or...
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