Business Administration Seminar: Theresa Veer & Marc Deloof

17-09-2019 from 12:00 to 13:00
Meeting room 1.1, campus Tweekerken, building Sint-Pietersplein 7
Dr. Katje Bringman
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Dear colleagues
It is my pleasure to invite you to the Business Administration Seminar on Tuesday 17th September (12:00-13:00, Meeting room 1.1, Sint-Pietersplein 7). We have the honour to welcome two guest speakers:

12:00-12:30    Prof. Dr. Theresa Veer (University of Tuebingen)

"Keep on swimming with sharks—Strategic information sharing between ventures and CVC’s during socialization in emerging and developed economies"

Abstract: Information sharing between corporate venture capital (CVC) investors and ventures is beneficial for both parties. By sharing information, ventures can optimize their resource access and CVCs can optimize their investments. We use the resource dependence theory to hypothesize that the probability of information sharing during the socialization process will be lower if there is business overlap between the venture and the CVC’s parent. We argue that active investors can mitigate this negative effect. Their role is particularly relevant in emerging economies where ventures face institutional voids. Using more than 800 observations of some 300 ventures in the ICT industry in Europe and Latin America, we find empirical support for active investors filling formal institutional voids in emerging economies.

(Full paper in attachment & comments and suggestions welcome!)

12:30-13:00    Prof. Dr. Marc Deloof (University of Antwerp)

"Foreign Subsidiary Cash Holdings and Corruption"

Abstract: Using a sample of subsidiaries of multinational corporations (MNCs) in 81 countries, we find that local corruption significantly reduces subsidiary cash holdings, confirming that MNCs hold less cash in countries where the risk of expropriation by local authorities is higher. This effect is weaker for MNCs headquartered in a low corruption country, which makes them less susceptible to expropriation. It is stronger for strongly integrated subsidiaries, suggesting that subsidiary integration is a tool against expropriation. Results are confirmed using a negative press freedom shock as proxy for corruption.

In order to ensure that there are sufficient sandwiches for everyone, please sign up here for the event.
Best regards,

Katja Bringmann
Post-doctoral researcher
Ghent University
Department of Accounting, Corporate Finance and Taxation
Sint-Pietersplein 7, 9000 Gent, Belgium
T +32 9 264 35 07