Working Paper

These companies have a larger share of firms collaborating with foreign research institutes and universities (especially among manufacturing firms) and with foreign private

controlling for country: mean and median of countries and all firms pooled ...42 Figure 2.11 - Share of the firms in each industry who have more than 100 employees, all firms

In the sample of indirectly owned firms, which have the lower tax costs of dividends after the reform, low-concentration firms (high conflict potential) reduce their payout

Three different groups were tested: (1) high and low growth, (2) large and small firms, and (3) high and low tangibility. The levels of high and low were seen in perspective

After omitting observations of firms more than one year of age, firms with an average revenue of zero, firms with zero employees, firms with an average total assets of zero

Family has Chair indicates that the firm has a family chairman of the board.The independent variables are firm performance measured by three years of average return on

EBIT_MARGIN again reminds hubris theory’s prediction about value destruction by overconfident managers, especially for value firms with generally low growth prospects (but

Costs of raising equity through issues and IPOs will let us estimate the costs of raising capital for firms noted or to be noted on the stock exchange, thus larger firms which