This study tests the effects of cultural differences on the behaviour and performance of joint-ventures. We first study the relationship and predictions of two relevant theories, i.e., the theory about cultural diversity and that about cultural distance. After that, we apply the theories to...

We investigate rights issues and open offers in Hong Kong. We observe that the greater the severity of firms' management-agency problems, the more unfavourably shareholders tend to react, leading to more negative cumulative abnormal returns or rights forfeiture. Controlling shareholders do not...

In this paper, we examine how religious and political factors affect a firm’s corporate workforce diversity policies and diversity performance.Our data is composed of 20,446 firms-year observations on S&P 1500 firms spanning a period from 2003 to 2012. We collect the religion and political...

In this research study, we seek to examine whether US public companies with gender diverse boards report better long-term, non-financial and financial performance. Using observations from 2003 to 2012, we find that gender diversity on corporate boards has a more positive impact on a firm’s...