Purpose – This research measures information provision on the internet by private non-profit organizations (NPOs) and provides insight in underlying drivers.Design/methodology/approach – This research involves scoring websites of Belgian NPOs on the basis of their information dissemination...

In contrast to the popular assumption of independence made in the classic corporate finance literature, many companies around the world are linked through common ownership to form business groups. This paper reviews the growing literature on the consequences of business group membership. The...

Due to low success rates, several European countries have recently reformed their U.S. Chapter 11-type bankruptcy procedures or are planning future reforms. Using unique data from a survey among judges and insolvency practitioners (receivers), we explore the ex ante expectations of the impact of...

This study examines the cash policies of business group members (i.e., affiliates). Using a panel dataset of private Belgian affiliates and comparable non-affiliated firms, the empirical results show that business group affiliates hold significantly smaller amounts of cash as compared to...