We investigate the determinants of cross-border venture capital (VC) performance using a large sample of 10,205 cross-border VC investments by 1,906 foreign VC firms (VCs) in 6,535 domestic portfolio companies. We focus on the impact of a domestic country's economic freedom on the performance of...

Before 2005 when the Kyoto Protocol went into force, the Framework Convention of Climate Change (FCCC) did not impose any binding restrictions on carbon emissions of member countries. Many argue that such a treaty would not reduce carbon emissions. In this paper, we investigate the effect of...

We consider network effects in the monopolistically competitive model of trade developed by Melitz and Ottaviano (2008). We show that a larger network effect intensifies competition by allowing more-productive firms to raise prices and earn higher profits, but forcing less-productive firms to...

We examine how political corruption affects firms' accounting choices. We hypothesize and find that firms headquartered in corrupt districts manipulate earnings downwards, relative to firms headquartered elsewhere. Our finding is robust to alternative corruption measures, restatement-based...