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.
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:5724 |
| Date | January 2017 |
| Creators | Cumming, Douglas, Filatotchev, Igor, Knill, April, Reeb, David Mitchell, Senbet, Lemma |
| Publisher | Palgrave Macmillan |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Article, PeerReviewed |
| Format | application/pdf |
| Rights | Creative Commons: Attribution 4.0 International (CC BY 4.0) |
| Relation | http://dx.doi.org/10.1057/s41267-016-0063-7, https://link.springer.com/, http://www.jibs.net, http://epub.wu.ac.at/5724/ |
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