Based on the institutional perspective, this article examines whether institutional pressures in home and host countries affect multinational enterprise (MNE) subsidiaries' corporate social responsibility (CSR) practices and whether the institutional distance between home and host countries...

We examine one special focus of Special Purpose Acquisition Companies (SPACs), namely environmental, social and governance (ESG) related investments. By collecting data from several sources on 1,737 SPAC IPOs formed between 2003 and 2022, we classify SPAC’s focus on ESG based on declared focus...

We examine the characteristics of Special Purpose Acquisition Companies (SPACs) focused on green causes. The growing importance of SPACs in financial markets has led to an increased presence of entrepreneurs raising capital to fund environmently friendly companies. We examine the structural...

Based on the data of A-share companies in Shanghai and Shenzhen from 2007 to 2019, this paper conducts an empirical analysis on the impact of Chinese entity enterprises' sharing and holding financial leasing companies on their business performance. We find that holding the financial leasing...

I study the effects of taxes on parent{subsidiary structures. To do so, I investigate mergers involving Korean firms during a period in which tax consolidation was not allowed. In particular, I analyze mergers through which a parent company and a wholly owned subsidiary combine into one legal...

Management Control Systems (MCS) have become increasingly important for the management of subsidiaries by the parent company. In addition, MCS are influenced by the cultural and organizational axes of both parties (parent company vs. subsidiaries).Therefore, an appropriate balance between these...

Subsidiaries are important in the global strategy of multinational enterprises (MNEs). However, in the face of uncertainty and competition, the decision to divest a subsidiary from a market becomes a critical decision for MNEs. This study suggests that the factors for divesting subsidiaries are...

This study examines the factors influencing overseas subsidiary top managers’ (OSTMs) honorable non-compliance with their headquarters’ instructions or subsidiary mandates. Our grounded theory qualitative study is based on twenty-four (24) interviews with OSTMs from various industries in...

In a company, of course, it has various subsidiaries, either one subsidiary or several subsidiaries. Moreover, various companies and even their own subsidiaries will present consolidated financial statements. This type of financial report itself is often used to compile the financial statements...

"In her pathbreaking book, Amy Elizabeth Stambach investigates American investors' incursions into Africa, as seen by affected people on the ground. Stambach synthesizes a cluster of US-assisted industries across the continent, focusing on water resource management, real estate procurement,...

This study investigates how knowledge transfers within multinational corporations affect financing decisions of foreign subsidiaries using a unique dataset on Korean multinationals and their foreign subsidiaries’ employment structure. We document that subsidiaries with more expatriate managers...

Top executives of the parent company often take positions as the directors and officers (D&Os) of subsidiaries. These parent-subsidiary common D&Os have better access to subsidiary information and can exert more influence over subsidiary operations. Therefore they can better identify tax...