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Firms respond to laws increasing employee protection by reducing both employment and capital expenditures. They use earnings management to meet earnings benchmarks less while experiencing significantly higher returns on investments, suggesting that employee protection potentially constrains...
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important public service, there is widespread concern that their activities are negatively affected by corruption. However …, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption … perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also …
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Many hoteliers in the West are seeking opportunities to extend their business in the mainland China market. This study … attempts to understand the basic motivations in forming joint venture hotels in China. (Chin Econ/NIAS-Han) …
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