In 2006, the United Nations Global Compact launched Principles for Responsible Investment (PRI), and the Japanese Ministry of Environment advocated financial mechanisms for environmental protection. We find that institutional ownership in 2005 is positively related to the probability of...

This paper investigates whether stock option grants increase managerial risk taking in Japan by using intraday stock return data as well as daily stock return data and yearly financial data. As with previous US studies, we find that firms that announce stock option grants experience...

Taking advantage of the time gap between privatization and stock listing observed in the Vietnamese privatization, we extract the pure effect of privatization on firm performance and behaviors by isolating it from the stock listing effect. The results suggest that even partial privatization...