Waseda Organizational and Financial Economics Seminar:
“Profitability or Business Stability? Cross-Country Variations in Corporate Performance” (January 28)
講演者 / Speaker
HIROTA, Shinichi (Professor, Waseda University)
日 時 / Date & Time
Monday, 28 January 2019, 13:00 – 14:30
会 場 / Venue
Rm. #1111 on the 11th floor, Building #11, Waseda University
主 旨 / Outline
“Profitability or Business Stability? Cross-Country Variations in Corporate Performance”
Using the data of firms listed in the Fortune Global 500 from 1980 to 2016, we compare the performance of the world’s largest industrial corporations across 51 countries.
We focus on two dimensions of corporate performance: profitability and business stability.
We find significant variations in both profitability and business stability measures across countries.
We also find that profitability and business stability measures are related to country-level institutional factors: financial system, law, and national cultures.
These results suggest that a country’s formal and informal institutions significantly affects a firm’s objectives, behavior, and performance.
プログラム / Schedule
13:00~13:05 Opening Remarks (MIYAJIMA, Hideaki (Advisor, WIAS / Professor, Waseda University))
13:05~14:05 Presentation
14:05~14:25 Question-and-answer session
14:25~14:30 Concluding Remarks(MIYAJIMA, Hideaki )
対 象 / Prospected Audience
Faculty and staff members of a university, grad students, undergraduates
主 催 / Organizer
Research Institute of Business Administration, Waseda University
Waseda Institute for Advanced Study, Waseda University
申込み / Registration
Free of charge. Please come to the event venue directly.