We examine the familiarity hypothesis of home bias by studying how foreign ownership of Swedish firms is affected by the mandatory adoption of IFRS. We decompose foreign investors into institutional and non-institutional investors. Foreign investors are further decomposed into EU (IFRS adopting...

Research shows that the bid announcement return (BAR) of the acquiring firm is lower for cross-border than domestic acquisition announcements. The current lack of economically based explanations for this effect, labeled the cross-border effect by Moeller and Schlingemann (2005), motivates our...

Purpose – The purpose of this paper is to investigate the extent to which founding‐family firms create value. In particular, the paper investigates how agency costs and monitoring capabilities influence the value creation process. Design/methodology/approach – The empirical analysis relies...

In recent years, several accounting standards, including IFRS 3, issued by the IASB, substitute historical cost with fair value measures and so provide managers with increased discretion to determine fair value without an actual market for the asset. Using Swedish data, we document the...

Purpose – The purpose of this paper is to investigate the extent to which founding-family firms create value. In particular, the paper investigates how agency costs and monitoring capabilities influence the value creation process. Design/methodology/approach – The empirical analysis relies...

Purpose: While the evolution of subsidiaries has received considerable research attention, the framework for understanding it has not evolved much since the late 1990s. The purpose of this paper is to add both clarity and depth to the work on the foundations for – as well as the processes of...

Purpose: This paper aims to contribute to the multinational company (MNC) literature by studying the diffusion of a management idea within an MNC and its interaction with the MNC’s corporate immune system (CIS). Design/methodology/approach: The qualitative single case study draws on evidence...