In simple words, the theory of firms implies that the firms only exist in the market to maximize profits.Answer and Explanation: The external environment is defined as a merger of all factors coming from the outside of a firm, and it tends to impact the performance. The p...
Answer to: Explain the expectancy theory of motivation. By signing up, you'll get thousands of step-by-step solutions to your homework questions...
Do the contingencies of external monitoring, ownership incentives, or free cash flow explain opposing firm performance expectations?agency theoryresource allocationfree cash flowmonitoringNeoclassical and strategy frameworks stipulate that managers promote corporate performance and shareholder interests in their ...
Corporate tax avoidance is an act aiming at reducing tax amount liable to the government, which is expected to raise firm value. However, agency theory postulates that opportunistic managers can lower tax liabilities through the arrangement of complex transactions, enabling them to shirk or pursue ...
For the Central European Countries (CECs), which have integrated with the European Union in 2004,1 the catching-up question is of central importance. In order to accelerate the convergence process, these countries have opened their doors to foreign capital. The Multinational Corporations (MNCs) hav...
We observe a U-shaped pattern in tax avoidance outcomes across the various life cycle stages in line with the predictions of dynamic resource-based theory. Our findings are consistent using several robustness checks. Overall, our results show that a firm's life cycle stage is a significant ...
In an exclusive interview with ArchDaily, Amale Andraos and Dan Wood, founders of WORKac, discuss their design for the BeMA, the influence of art and the city on architecture, their firm, architecture education, and the unique qualities of Beirut and Lebanon. Save this pictu...
aWhat the evolutionary view tends to overlook is the origin of the firm, or rather, the ways in which the underlying theory of the firm may or may not explain its origins. 什么演变看法倾向于俯视是企业的起源或者宁可,企业的部下的理论可能或不可能解释它的起源的方式。[translate]...
On average, a one cross-sectional standard-deviation increase in the salience theory value of a cryptocurrency reduces its next-week return by 0.41%. However, the salience effect is confined to the micro-cap segment of the market, and its size is moderated by limits to arbitrage....
This result emphasizes an interesting paradox for the Big Four accounting firms and the audit market. If an audit firm can charge higher audit fees when the auditor is a woman, why do we observe such a low percentage of women at higher levels of the audit profession? Future research on ...