... and to explore the influential factors such as state ownership, political connections and regional corruption levels. Our findings reveal significant insights. Following the initiation of the anti-corruption campaign, both private and non-politically connected firms experience improved environmental performance...

... a boundary condition. Design/methodology/approach This study used a multilevel approach to analyze a unique panel data set of 2,901 companies observed between 2007 and 2014 across 25 emerging and developing countries. The results indicate that firms with state ownership stakes outperform privately owned...

... governance and shareholder activism offer fertile grounds for research advances in Coordinated Market Economies (CMEs). Design/methodology/approach Through an extensive literature review of state ownership, institutional contradictions and shareholder activism, this paper analyzes two case studies...