We examine how the adoption of International Accounting Standard No. 27 (hereafter, IAS 27) consolidation rules affects firm level investment efficiency. IAS 27, effective in Taiwan for fiscal years beginning after 2005, defines the “control” criteria for consolidated entities as majority...

Guest Editor’s Forward -- Globalization and Corporate Social Responsibility: How Non-Governmental Organizations Influence Labor and Environmental Codes of Conduct -- The Globalization of Corporate Governance in East Asia: The “Transnational” Solution -- Offshore Centers of Excellence:...

We examine how labor-friendly institutional features, i.e., laborism, relate to corporate investment efficiency in labor in a sample that represents 33 countries during 1996 to 2012. We consider various dimensions of laborism such as the presence of left-leaning government, rigidity of employee...