Why does IPO activity vary across countries? This study proposes that the variation is attributable to differences in the overall quality of formal institutions and in the informal institutional effects of national culture directly and interactively. The empirical analysis of IPO activity in 45...

Purpose: The purpose of this paper is to draw from regulatory focus theory, to examine the effects of the “gain/no gain” nature of stock options and retirement pay on the decision to engage in cross-border acquisitions. The moderating effects of managerial discretion arising from the...

Research Question/Issue: The origins of the global financial crisis have been attributed to the combination of a housing price bubble, innovative financial instruments as well as the lack of restraint by corporate executives and boards to engage in excessive risk-taking. The rise in subprime...