Do Foreigners Invest Less in Poorly Governed Firms

By Christian Leuz, K. Lins, F. Warnock. 2009

830 citations recorded by the source corpus.

Subfields: Accounting, Information Systems

View Paper: https://www.semanticscholar.org/paper/db1cbe7424990a8cad435935aee2709eb8900382

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Citations in the corpus

Auditor choice in privatized firms: Empirical evidence on the role of state and foreign owners (2009, background): “auditor to improve contracting by moderating agency costs. Leuz et al. (2006) find that”
Foreign institutional ownership and auditor choice: Evidence from worldwide institutional ownership (2018, background): “Most prior studies show that FIIs tend to invest in firms or countries with better disclosure practices or a higher level of corporate transparency (Chou et al., 2014; DeFond et al., 2011; Leuz et al., 2010).”
Do foreign institutional investors drive corporate social responsibility? Evidence from listed firms in China (2020, background): “Furthermore, as indicated in Leuz, Lins, and Warnock (2008) and Cai, Lee, Xu, and Zeng (2019), foreign institutional investors are often assumed to exhibit information disadvantages relative to domestic investorswho have greater local knowledge and access to awider variety of additional information…”
The effects of corporate governance on financial performance and financial distress: evidence from Egypt (2015, background): “Moreover, the adoption of high level of CG practices can have a direct impact on attracting more foreign investors (Leuz et al., 2009).”
Societal Trust and Management Earnings Forecasts (2020, background): “However, firm-level institutional ownership may still be endogenously determined, as prior literature finds that institutional investors are more likely to invest in transparent countries or firms (Leuz et al. 2010; Aggarwal et al. 2011; Yu and Wahid 2014).”
IFRS reporting, firm-specific information flows, and institutional environments: international evidence (2012, neutral): “…strong country-level governance significantly ameliorates potential agency problems associated with poor firm-level governance and thus that the effect of country-level (firm-level) governance is of first-order (second-order) importance (Doidge et al. 2004; Lel and Miller 2008; Leuz et al. 2010).”
The colors of investors’ money: The role of institutional investors around the world (2008, neutral): “Leuz et al. (2005) and Doidge, Karolyi, Lins, Miller, and Stulz (2006a) find that U.”
New institutional accounting and IFRS (2011, positive): “…that show up at both the firm and country level and that there are important interactions between the firm-level and country-level decisions.10 Leuz et al. (2008) present evidence that firms with governance problems attract significantly less foreign investment (using comprehensive portfolio…”