... reporting. Organizational capital Earnings management Governance Financial reporting quality Intangible assets Organizational capital (OC , hereafter) has emerged as a central intangible asset underpinning firms' ability to coordinate complex activities, adapt to changing environments...

... of 6.84 percent above firms that are classified without such advantages. In support of transaction cost theory the paper finds that FDIs generate an average abnormal event period return of −2.36 percent. Further, in line with transaction cost theory firms classified with intangible asset advantages also...