The influence of the state on firms in the global economy is alive and well. States have
become dominant owners of companies in many countries around the world. Firms have …

This study surveys the literature examining the privatization of state-owned enterprises
(SOEs) We review the history of privatization, the theoretical and empirical evidence on the …

Artificial Intelligence is poised to transform all facets of marketing. In this study, we examine
the link between firms' focus on AI in their 10-K reports and their gross and net operating …

Using a unique database of 381 newly privatized firms from 57 countries, we investigate the
impact of shareholders' identity on corporate risk-taking behavior. We find strong and robust …

Using the high-power setting of newly privatized firms from 64 countries, we examine the
relationship between ownership type and firm-level capital allocations as captured by the …

Almost 27% of the CEOs in a sample of 790 newly partially privatized firms in China are
former or current government bureaucrats. Firms with politically connected CEOs …

We survey two generations of research on corporate governance systems around the world,
concentrating on countries other than the US The first generation of international corporate …

This paper reviews the recent empirical evidence on privatization in developing countries,
with particular emphasis on new areas of research such as the distributional impacts of …

A stock market liberalization is a decision by a country's government to allow foreigners to
purchase shares in that country's stock market. On average, a country's aggregate equity …

We evaluate the performance changes of 634 state-owned enterprises (SOEs) listed on
China's two exchanges upon share issuing privatisation (SIP) in the period 1994–1998. We …