Effects of geographic proximity to stakeholders on financial policy and firm value
Abstract:
This thesis contributes to the questions why and how geographic distances to stakeholders influence firms' business activities and performance in a globalized business environment. The results indicate that the spatial distribution of stakeholders has a significant impact on firm value and should be considered as an essential driver of firm's financial policy as it affects leverage, expenditures for research and development, and CEO compensation.
| Zugehörige Institution(en) am KIT | Institut für Finanzwirtschaft, Banken und Versicherungen (FBV) |
| Publikationstyp | Hochschulschrift |
| Publikationsjahr | 2013 |
| Sprache | Englisch |
| Identifikator | urn:nbn:de:swb:90-341869 KITopen-ID: 1000034186 |
| Verlag | Karlsruher Institut für Technologie (KIT) |
| Art der Arbeit | Dissertation |
| Fakultät | Fakultät für Wirtschaftswissenschaften (WIWI) |
| Institut | Institut für Finanzwirtschaft, Banken und Versicherungen (FBV) |
| Prüfungsdatum | 18.02.2013 |
| Schlagwörter | geographic proximity, stakeholder, firm value, financial policy |
| Referent/Betreuer | Ruckes, M. E. |