Person:
Goergen, Marc

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First Name
Marc
Last Name
Goergen
Affiliation
IE University
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IE Business School
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Finance
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Now showing 1 - 2 of 2
  • Publication
    The relationship between public listing, context, multi-nationality and internal CSR
    (Elsevier, 2019-08) Goergen, Marc; Chahine, Salim; Wood, Geoffrey; Brewster, Chris; https://ror.org/02jjdwm75
    Are MNEs more socially responsible, and where is this more likely to occur? Are firms less responsible in emerging or transitional economies, and what impact does the dominant national corporate governance regime have? We explore the association between public listing and the existence of a CSR code within specific institutional settings and assess whether MNEs are any different to their local counterparts, based on an internationally comparative survey. We find that listed firms as well as firms from civil law countries are more likely to have CSR statements. MNEs are also more likely to have CSR statements, independent of their country of origin. While we find consistent evidence of a correlation between the existence of a CSR statement and investment in staff training, the correlation between the former and employee-friendly HRM is weaker
  • Publication
    Foreign Business Activities, Foreignness of the VC Syndicate, and IPO Value
    (SAGE Journals, 2018-09) Goergen, Marc; Chahine, Salim; Saade, Samer; https://ror.org/02jjdwm75
    This paper examines the role played by foreign venture capital (VC) firms in US initial public offerings (IPOs). We find that US VC-backed IPOs benefit from the foreignness of the VC syndicate. Specifically, jointly with domestic VC firms foreign VC firms certify the quality of their portfolio companies at the time of the IPO, which increases their IPO premium. Foreign VC firms also play an advisory role, enhancing the foreign business activities of their US investees, thereby increasing the IPO premium. Finally, value added by foreign VC firms is greater through their monitoring role if they originate from countries where the investee has foreign business activities.