Description
This paper analyzes the multinational enterprise’s decision to voluntarily disclose information
regarding its investments, a choice we term investment transparency. When disclosing
investment information, managers must weigh the costs and benefits of reducing asymmetries
between the...
Description
This paper investigates the importance of market institutions for the performance of international property investors during the 1996-2007 period. The results show that international property companies under perform local property companies in the early years of the sample period...
Description
Transparency, as used in science, engineering, business, the humanities and in a social context more generally, implies openness, communication, and accountability. Transparency is operating in such a way that it is easy for others to see what actions are performed.
Beyond the...