Governance transparency among the largest multinational corporations / Raj Aggarwal in Transnational Corporations, TRANSCORP 22/1 ([14/08/2015])  

Public ISBD [article]  inTransnational Corporations > TRANSCORP 22/1 [14/08/2015] . - p. 1-30 Titre : Governance transparency among the largest multinational corporations : influence of firm, industry and national factors Type de document : texte imprimé Auteurs : Raj Aggarwal, Auteur ; John W. Goodell, Auteur Année de publication : 2015 Article en page(s) : p. 1-30 Langues : Anglais (eng) Tags : Sociétés transnationales  Entreprises  Etat  Gouvernance Résumé : Using the Transparency in Corporate Reporting index from Transparency International, this paper examines the factors that influence the transparency of the world’s largest multinational corporations (MNCs). Our results show that while firm and industry characteristics are important, so is MNC nationality. Somewhat surprisingly, lower MNC transparency is associated with a higher market-to-book ratio, the finance and technology industries, higher national GDP, English legal origin, greater national emphasis on market (rather than bank) financing, and the cultural dimensions of uncertainty avoidance, power distance and masculinity. Higher levels of transparency are associated with individualism. In sum, we find that home country characteristics remain important in determining the transparency of even the world’s largest MNCs. En ligne : http://investmentpolicyhub.unctad.org/Upload/Documents/TNC%20Vol%2022no1.pdf [article] Governance transparency among the largest multinational corporations : influence of firm, industry and national factors [texte imprimé] / Raj Aggarwal, Auteur ; John W. Goodell, Auteur . - 2015 . - p. 1-30. Langues : Anglais (eng) in Transnational Corporations > TRANSCORP 22/1 [14/08/2015] . - p. 1-30 Tags : Sociétés transnationales  Entreprises  Etat  Gouvernance Résumé : Using the Transparency in Corporate Reporting index from Transparency International, this paper examines the factors that influence the transparency of the world’s largest multinational corporations (MNCs). Our results show that while firm and industry characteristics are important, so is MNC nationality. Somewhat surprisingly, lower MNC transparency is associated with a higher market-to-book ratio, the finance and technology industries, higher national GDP, English legal origin, greater national emphasis on market (rather than bank) financing, and the cultural dimensions of uncertainty avoidance, power distance and masculinity. Higher levels of transparency are associated with individualism. In sum, we find that home country characteristics remain important in determining the transparency of even the world’s largest MNCs. En ligne : http://investmentpolicyhub.unctad.org/Upload/Documents/TNC%20Vol%2022no1.pdf

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