Purpose – As literatures argue that managers’ personalities will affect both corporate governance structures and corporate performance, the correlation between them is a mixed result. The purpose of this paper is to separate different routes leading to the mixed correlation, and name the...

Purpose – Cross-border M & A is one of the most important ways of international capital flows, and scholars have paid a lot of attention to this area, but a general explaining model has still not been generated. The purpose of this paper, based on Lambrecht (2004) and Bolton et al. (2013), is...

Purpose–As literatures argue that managers’ personalities will affect both corporate governance structures and corporate performance, the correlation between them is a mixed result. The purpose of this paper is to separate different routes leading to the mixed correlation, and name the...

This study examines a particular form of shadow banking activities performed by non-financial firms, in which firms borrow in order to lend, acting as financial intermediaries. We identify the existence of such re-lending business by investigating the relationship between financial assets and...