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Do foreign investors exhibit a corporate governance disadvantage? An information asymmetry perspective
Although foreign equity ownership around the world has increased substantially over the last three decades, there is little evidence on the role of foreign ownership in the host country. Using a large sample of foreign ...
Employee treatment and firm leverage : a test of the stakeholder theory of capital structure
We investigate the stakeholder theory of capital structure from the perspective of a firm’s relations with its employees. We find that firms that treat their employees fairly (as measured by high employee‐friendly ratings) ...