Purpose: Studying the role of environmental, social and governance (ESG) performance in enhancing brand value is strategically important for promoting sustainable development. Design/methodology/approach: Using panel data for 126 different brands over 10 years, we empirically analyse the impact...

An important issue in global corporate risk management is whether the multinationality of a firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the exchange risk exposure of U.S. firms during 1983-2006, comparing multinational and non-multinational firms and...

It is a common notion that a significant conflict of interest exists between the state and the bureaucrats who control state-owned firms because the bureaucrats have essentially all the control rights but negligible cash flow rights in those firms. Yet, there is little systematic evidence on...

An important issue in global corporate risk management is whether the multinationality of a firm matters in terms of its effect on exchange risk exposure. In this paper, we examine the exchange risk exposure of US firms during 1983-2006, comparing multinational and non-multinational firms and...

This study constitutes an empirical investigation of how the political connections of corporate management influence the corporate performance. Connections can be established by the corporate executives through inheritance or active development. When the nature of political connections is not...