Existing studies on multinational enterprise (MNE) location strategy assume that MNEs are focused on economic not political objectives. The emergence of globalizing state-owned enterprises (SOEs) requires us to revisit such an assumption because SOEs symbolize national interests of their home...

Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the...

We investigate how the mandatory adoption of International Financial Reporting Standards (IFRS) by publicly listed firms in the European Union affects peer private firms. We find that private firms’ capital investment decreases significantly after the IFRS mandate, relative to public firms....