Culture

Working Paper

Growing Up Under Mao and Deng: On the Ideological Determinants of Corporate Policies

Historically, economic activities have been organized around certain ideologies. We investigate the impact of politicians’ ideology on corporate policies by exploring a unique setting of ideological change—China from Mao to Deng around the 1978...Read more

Hao Liang
Rong Wang
Haikun Zhu
30 November 2019

Shareholders and Stakeholders around the World: The Role of Values, Culture, and Law in Directors’ Decisions

This study sets out to examine the relative importance of legal and cultural institutions and personal values in directors’ discretion. We present first evidence on the way personal and institutional factors together guide public company...Read more

Amir Licht
Renee Adams
24 June 2019

What does earnings management signal? The role of managerial honesty in investment decisions

Accounting earnings management elicits varying reactions: To some observers, it signals low managerial honesty. To others, it indicates that firm managers are sharing private information. Accordingly, different investors may respond differently...Read more

Alexander Wagner
Rajna Gibson Brandon
Matthias Sohn
Carmen Tanner
20 July 2017

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