Redefining Purpose: The Effect of the 2019 Business Roundtable Statement on Corporate Tax Strategies
ABSTRACT Business Roundtable (BRT) firms have faced intense scrutiny from investors, media, and the public following their 2019 “Statement on the Purpose of a Corporation,” which marked a shift from shareholder‐centric governance to a stakeholder‐focused approach.
Sadok El Ghoul+2 more
wiley +1 more source
Centralized allocation of decision rights and enterprise transformation and upgrading: Based on human capital level and capital allocation efficiency. [PDF]
Tang Q, Sun H.
europepmc +1 more source
An Empirical Analysis of the Impact of Financialisation on the Rate of Profit for the US (1955–2019)
ABSTRACT The purpose of this article is to examine the relationship between financialisation and functional income distribution. To this end, we empirically analyse the relationship between financialisation, the real wage level and the rate of profit in the US (1955–2019) using structural vector autoregressive modelling. According to our results, while
Maria Cristina Barbieri Góes+3 more
wiley +1 more source
Do budget deficits cause current account deficits? a re-evaluation utilizing military expenditures as an instrumental variable. [PDF]
Liu H, Ren J.
europepmc +1 more source
The Labour Share and Corporate Financialization: Evidence From Publicly Listed Firms
ABSTRACT This article examines the impact of corporate financialization on the labour share using data for publicly listed non‐financial corporations across 14 European countries. We test hypotheses derived from industrial relations literature on financialization against competing explanations for the labour share decline based on technological change ...
Alexander Guschanski, Özlem Onaran
wiley +1 more source
Uncertainty in banking and debt financing of firms in Vietnam. [PDF]
Huynh J, Phan TMH.
europepmc +1 more source
The US Individualism–Collectivism and Labor Investment Efficiency
ABSTRACT Research Question/Issue We examine whether the variation in the ndividualism–collectivism dimension within the US affects labor investment efficiency. Research Findings/Insights Using the collectivism index developed by existing literature, we find that firms headquartered in collectivist states are more likely to deviate from the optimal ...
Rajib Chowdhury+2 more
wiley +1 more source
The impact of ASEAN economic community, firm characteristics and macroeconomics on firm performance and firm value: An investigation of Shariah-compliant firms in Indonesia. [PDF]
Nikmah C, Hung RJ.
europepmc +1 more source
State Expropriation Risk and Ownership Structure: Evidence From Cash Holdings Around the World
ABSTRACT Research Question/Issue Does the interaction of ownership structure and state expropriation risk affect corporate cash holdings? We address this question by assessing whether corporate ownership structure can amplify or mitigate the effect of greater state expropriation risk, captured by country‐level corruption, on cash.
Dimitris Andriosopoulos, Tiago Loncan
wiley +1 more source
Reducing the cost of capital to finance the energy transition in developing countries. [PDF]
Calcaterra M+17 more
europepmc +1 more source