Quotation Cumming, D., Filatotchev, Igor, Knill, A. , Reeb, D., Senbet, L. 2017. Law, finance, and the international mobility of corporate governance. Journal of International Business Studies JIBS. 48 (2), 123-147.


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Abstract

We introduce the topic of this Special Issue on the “Role of Financial and Legal Institutions in International Governance”, with a particular emphasis on a notion of “international mobility of corporate governance”. Our discussion places the Special Issue at the intersection of law, finance, and international business, with a focus on the contexts of foreign investors and directors. Country-level legal and regulatory institutions facilitate foreign ownership, foreign directors, raising external financial capital, and international M&A activity. The interplay between the impact of foreign ownership and foreign directors on firm governance and performance depends on international differences in formal/regulatory institutions. In addition to legal conditions, informal institutions such as political connections also shape the economic value of foreign ownership and foreign directors. We highlight key papers in the literature, provide an overview of the new papers in this Special Issue, and offer suggestions for future research.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of International Business Studies JIBS
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, MAN-A+, STRAT-A, VW-A, WH-A
Language English
Title Law, finance, and the international mobility of corporate governance
Volume 48
Number 2
Year 2017
Page from 123
Page to 147
Reviewed? Y
DOI http://dx.doi.org/10.1057/s41267-016-0063-7
Open Access Y
Open Access Link https://link.springer.com/article/10.1057%2Fs41267-016-0063-7

Associations

People
Filatotchev, Igor (Details)
External
Cumming, D. (Schulich School of Business, York University, Toronto, Canada)
Knill, A. (Florida State University, Tallahassee, United States/USA)
Reeb, D. (National University of Singapore, Singapore)
Senbet, L (University of Maryland, United States/USA)
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