This paper reviews recent research on corporate governance, with a special focus on
emerging markets. It finds that better corporate governance benefit firms through greater …

A decline in labor share increases income inequality and hinders economic growth.
Enterprises are accelerating digital transformation (DT), however, how this affects labor …

This paper reviews the relationships between corporate governance and economic
development and well-being. It finds that better-governed corporate frameworks benefit firms …

We design and conduct a firm-level survey on the use of COVID-19-related government
programs, in collaboration with Tokyo Shoko Research, LTD (TSR). Combining the survey …

Exploiting information from a panel of European firms we study the joint effect of EPL and
financial market imperfections on investment, capital-labour substitution, labour productivity …

In countries such as Germany, the legal system ensures that firms are stakeholder oriented.
In others, like Japan, social norms achieve a similar effect. We analyze the advantages and …

French law mandates that employees of publicly listed companies can elect two types of
directors to represent employees. Privatized companies must reserve board seats for …

This article estimates the causal impact of dismissal costs on capital deepening and
productivity, exploiting a reform that introduced unjust‐dismissal costs in Italy for firms below …

We analyze the strengths and weaknesses of stakeholder and shareholder firms in a model
of imperfect competition. Stakeholder firms are more concerned with avoiding bankruptcy to …

By adopting a political economy perspective to accounting, this paper provides an overall
post-implementation assessment of International Financial Reporting Standards (IFRS) …