Using novel data on independent directors' opinions in China, we investigate the stock and labor market effects prompted by independent directors publicly saying ‘no' to major board decisions. We find that the market reacts negatively to modified directors' opinions, but positively toward the...

Using novel data on independent directors' opinions in China, we investigate the stock and labor market effects prompted by independent directors publicly saying "no" to major board decisions. We find that the market reacts negatively to modified director opinions, but positively to firms...

Using novel data on independent directors' opinions in China, we investigate the stock and labor market effects prompted by independent directors publicly saying "no" to major board decisions. We find that the market reacts negatively to modified director opinions, but positively to firms...

This paper presents an empirical analysis of ?outsourcing? using establishment level data for UK manufacturing industries. We analyse an establishment?s decision to outsource and the subsequent effects of outsourcing on the establishment?s productivity. We compare outsourcing in domestic with...

This paper calculates returns to scale and productivity growth (allowing for non-constant returns to scale) in UK manufacturing establishments in the electronics and food industries. Our results show that foreign establishments tend to have lower returns to scale than their domestic...

This paper focuses on the role of absorptive capacity in determining whether or not domestic establishments benefit from productivity spillovers from FDI. We analyse this issue using establishment level data for the electronics and engineering sectors in the UK. We distinguish the effect of FDI...

This paper presents an empirical analysis of “outsourcing” using establishment level data for UK manufacturing industries. We analyse an establishment’s decision to outsource and the subsequent effects of outsourcing on the establishment’s productivity. We compare outsourcing in domestic...

This paper focuses on the role of absorptive capacity in determining whether or not domestic firms benefit from productivity spillovers from FDI using establishment level data for the UK. We allow for different effects of FDI on establishments located at different quantiles of the productivity...