International Business, Corporate Finance & Governance

Cumming, D.J., Javakhadze, D., Suleymanov, M. (2020). Political Connections and Allocation of Government Contracts: International Evidence

1. Presented at the Eastern Finance Association Annual Meetings held virtual Apr. 01-04, 2021; at the Financial Intermediation Research Society Annual Meetings held virtual Jun. 04-06, 2021; at the FMA Annual Meetings in Denver, CO USA held Oct. 20-23, 2021; and at the Southern Finance Association Annual Meetings in Captiva Island, FL USA held Nov. 17-21, 2021.

Cumming, Douglas J., Hu, Jun, and Wu, Huiyingu, 2021. Leaving a legacy for my children: The one-child policy reform and engagement in CSR among family firms in China 

Cumming, D.J., D. Javakhadze, and T. Rajkovic, 2024. "Unlocking Dividends: The Impact of Managerial Social Capital on International Corporate Payouts" Journal of International Financial Markets, Institutions & Money, forthcoming.

Cumming, D.J., H. Farag, and S. Johan, 2024. Sustainability, Climate Change and Financial Innovation: Future Research Directions. European Financial Management, forthcoming.

Ahmad, M.F., Aktas, N., Cumming, D.J., and Guosong, X. (2024) "Board Reforms and M&A Performance: International Evidence" Journal of International Business Studies, forthcoming.

Amin, Q.A., D.J. Cumming, 2023. "The politician as a CEO, corporate governance and firm value" Journal of International Financial Markets, Institutions, and Money, forthcoming. [ABS 3]

Cumming, D.J., Johan, S.A., and Reardon, R.S. (2023). Global Fintech Trends and their Impact on International Business: A Review Multinational Business Review, forthcoming.

Bernales, A., D.W. Beuermann, D.J. Cumming, and C. Olid, 2023. “Blue-Collar Crime and Finance” Journal of International Financial Markets, Institutions, and Money, forthcoming. [ABS 3]

Cumming, D.J., M. Zhang, 2022. "Bankruptcy Law and Angel Investors around the World" Journal of International Business Studies, forthcoming.

Cumming, D.J., S.A. Johan, Z. Khan, M, Meyer, 2022. "E-Commerce Policy and International Business" Management International Review, forthcoming. [ABS 3]

Cumming, D.J., 2022. "Management Scholarship and the Russia-Ukraine War" British Journal of Management, 33(4): 1663-1667. [ABS 4]

Corbet, S., D.J. Cumming, Y.G. Hou, Y. Hu, and L. Oxley, 2022. “Have crisis-induced banking supports influenced European bank performance, resilience and price discovery?” Journal of International Financial Markets, Institutions and Money, 101566 [ABS 3]

Cumming, D.J., C. Girardone, and M. Sliwa, 2021. “Corporate Governance in Extreme Institutional Environments” British Journal of Management, forthcoming. [ABS 4]

Chakravarty, S., D.J.Cumming, S. Murtinu, V.G. Scalera, C. Schwens, 2021. "Exploring the next generation of international entrepreneurship," Journal of World Business, 56(5), 101229 [ABS 4]

Cumming, D.J., F. Lopez de Silanes, J. McCahery and A. Schwienbacher, 2020. “Tranching in the Syndicated Loan Market around the World” Journal of International Business Studies, 51, 95–120. [ABS 4*, FT]

Cumming, D.J., S. Ji, S.A. Johan, M. Tarsalewska, 2020. “End-of-Day Price Manipulation and M&As”  British Journal of Management, 31, 184–205. [ABS 4].  See also this cool video about the paper.

Cumming, D.J., R. Peter, M. Tarsalewska, 2020. “Public to Private Buyouts and Innovation” British Journal of Management, 31(4), 811-829. [ABS 4]

Cao, J., D.J., Cumming, J. Goh, and X. Wang, 2019. “The Impact of Investor Protection Law on Takeovers: LBO vs. non-LBO Transactions” Journal of International Financial Markets, Institutions, & Money, 59, 1-18. (lead article) [ABS 3]

Allen, M., M. Allen, D.J. Cumming, S. Johan, 2019. “Comparative Capitalisms and Energy Transitions: Renewable Energy in the European Union.” British Journal of Management, forthcoming [ABS 4]

Cumming, D., G. Fleming, and F. Liu, 2019. “The Returns to Private Debt: Primary Issuances versus Secondary Acquisitions” Financial Analysts Journal, 75(1), 48-62 [ABS 3]

Cumming, D.J., R. Peter, A. Sannajust, and M. Tarsalewska, 2019. “Pre-Going Private Ownership around the World” British Journal of Management, 30(3), 692-711. [ABS 4]

Cumming, D.J., and M. Zhang, 2019. “Angel Investors around the World” Journal of International Business Studies, 50, 692–719. [ABS 4* FT]

Cumming, D.J., Johan, S., Zhang, F., and Zhang, M. 2019. “Law, Culture, and Finance,” International Journal of Managerial Finance, 15(3), 274-284. [ABS 2]

Cumming, D.J., and F. Zhan, 2018. “International Entrepreneurship Education” Journal of Teaching in International Business, 29(3), 181-184.

Cumming, D.J., I. Filatoctchev, A. Knill, D. Reeb, and L. Senbet, 2017. “Law, Finance, and the International Mobility of Corporate Governance” Journal of International Business Studies, 48(2), 123-147. [ABS 4* FT]

Block, J., D.J. Cumming, and S. Vismara, 2017. “International Perspectives on Venture Capital and Bank Finance for Entrepreneurial Firms” Journal of Industrial and Business Economics, 44, 3-22. [ABS 1]

Cumming, D.J., I. Henriques, and P. Sedorsky, 2016. “‘Cleantech’ Venture Capital around the World” International Review of Financial Analysis, 44, 86-97. [ABS 3]

Cumming, D.J., A. Knill, and K. Syvrud, 2016. “Do International Investors Enhance Private Firm Value? Evidence from Venture Capital” Journal of International Business Studies, 47, 347–373. [ABS 4* FT]

Cao, J., D.J. Cumming, M. Qian, and X. Wang, 2015. “Cross Border LBOs” Journal of Banking and Finance 50, 69-80. [ABS 3]

Cumming, D.J., S.A. Johan, and M. Zhang, 2014. “The Economic Impact of Entrepreneurship: Comparing International Datasets” Corporate Governance: An International Review 22, 162-178. [ABS 3] 

Cumming, D., and R. Chakrabarti, 2014. “Global Perspectives on Entrepreneurship: Public and Corporate Governance,” Corporate Governance: An International Review 22, 73-76. [ABS 3]

Cumming, D.J., 2014. “Entrepreneurship and Internationalization,” International Small Business Journal (This paper is an invited virtual special issue guest editorial) [ABS 3]

Cumming, D.J., and S. Johan, 2013. “Technology Parks and Entrepreneurial Outcomes around the World” International Journal of Managerial Finance 9(4), 279-293. [ABS 2]

Cumming, D.J., and G. Fleming, 2013. “Debt Investments in Private Firms: Legal Institutions and Investment Performance in 25 Countries” Journal of Fixed Income, Summer, 2013, 102-123. [ABS 2]

Cumming, D.J., and A. Knill, 2012. “Disclosure, Venture Capital, and Entrepreneurial Spawning” Journal of International Business Studies 43, 563-590. [ABS 4* FT]

Cumming, D.J., and U. Walz, 2010. “Private Equity Returns and Disclosure around the World” Journal of International Business Studies 41(4), 727-754. [ABS 4* FT]

Cumming, D.J., D. Schmidt and U. Walz, 2010. “Legality and Venture Capital Governance around the World” Journal of Business Venturing 25, 54-72. [ABS 4 FT]

Cumming, D.J., G. Fleming and A. Schwienbacher, 2009. “Corporate Relocation in Venture Capital Finance” Entrepreneurship Theory and Practice 33, 1121-1155. [ABS 4 FT]

Cumming, D.J., & S. Johan, 2009. “Legality and Venture Capital Fund Manager Compensation” Venture Capital: An International Journal of Entrepreneurial Finance 11, 23-54. [ABS 2]

Cumming, D.J., D. Siegel, H. Sapienza and M. Wright, 2009. “International Entrepreneurship: Managerial and Public Policy Implications” Strategic Entrepreneurship Journal 3, 283-296. [ABS 4 FT]

Armour, J., and D.J.. Cumming, 2008. “Bankruptcy Law and Entrepreneurship” American Law and Economics Review 10, 303-350. [ABS 2]

Cumming, D.J., and S.A. Johan, 2007. “Socially Responsible Institutional Investment in Private Equity” Journal of Business Ethics 75, 395–416. [ABS 3 FT]

Cumming, D.J., and S.A. Johan, 2007. “Regulatory Harmonization and the Development of Private Equity Markets” Journal of Banking and Finance, 31, 3218–3250. [ABS 3]

Cumming, D.J., G. Fleming and A. Schwienbacher, 2006. “Legality and Venture Capital Exits” Journal of Corporate Finance 12, 214-245. [ABS 4]

Cumming, D.J., and S.A. Johan, 2006. “Is it the Law or the Lawyers? Investment Covenants around the World” European Financial Management 12, 553-574. [ABS 3]

Cumming, D.J., and J. MacIntosh, 2003. “A Cross-Country Comparison of Full and Partial Venture Capital Exits” Journal of Banking and Finance 27(3), 511-548. [ABS 3]

1. Iddo Sarnat Award best paper published in the Journal of Banking and Finance.

Cumming, D.J., and J. MacIntosh, 2003. “Venture Capital Exits in Canada and the United States” University of Toronto Law Journal 53, 101-200.

Cumming, Douglas J., Jun Hu, and Huiyingu Wu, 2023. Leaving A Legacy For My Children: The One-Child Policy Reform And Engagement In CSR Among Family Firms In China, Journal of Business Ethics, forthcoming

Amin, Qazi, and Douglas Cumming, 2023. "The politician as a CEO, corporate governance and firm value"  Journal of International Financial Markets, Institutions & Money, forthcoming.

Cumming, Douglas J. and Ge, Ying, 2022. "Trade Facilitation Costs and Corruption: Evidence from China." Journal of International Financial Markets, Institutions and Money, forthcoming 

Amin, Q.A., and D.J. Cumming, 2021. "Blockholders and Real Earnings Management-An emerging market context" Journal of International Financial Markets, Institutions and Money, 75, 101434.

Cumming, D.J., and T.Y. Leung, 2021. “Board diversity and corporate innovation: regional demographics and industry context” Corporate Governance: An International Review, 29(3), 277-296.  

Cumming, D.J., V. Verdoliva, and F. Zhan, 2021. “New and Future Research in Corporate Finance and Governance in China and Emerging Markets” Emerging Markets Review, forthcoming. [ABS 2]

Cumming, D.J., Y. Ge, and H. Lai, 2020. “Trust and quality uncertainty in global value chains” Journal of Multinational Financial Management, 57–58, 100662.

 Cao, X., D.J. Cumming, and S. Zhou, 2020. “State Ownership and Corporate Innovation Efficiency” Emerging Markets Review, 44, 100699. [ABS 2]

Cumming, D.J., A. Guariglia, W. Hou, and Z. Wu, 2019. “Chinese Capital Markets: Challenges to the China Model” European Journal of Finance, 25(6), 460-464. [ABS 3]

Cumming, D.J., G. Fleming, and F. Liu, 2018. “Shadow Banking in Asia: Foreign versus Domestic Lending to Real Estate Projects” Emerging Markets Review, 35, 137-147. [ABS 2]

Cumming, D.J., A. Guariglia, W. Hou and E. Lee, 2017. “Chinese Capital Markets: Institutional Reforms and Growing Global Links” European Journal of Finance, 23(7-9) 573-580. [ABS 3]

Cumming, D., O. Rui, and Y. Yu, 2016. “Political Instability, Access to Private Debt, and Innovation Investment in China” Emerging Markets Review, 29(1), 68-81. [ABS 2]

Chen, J., Cumming, D.J., W. Hou and E. Lee, 2016. “CEO Accountability for Corporate Fraud: Evidence from the Split Share Structure Reform in China” Journal of Business Ethics, 138, 787–806. [ABS 3 FT]

Cumming, D.J., W. Hou and E. Lee, 2016. “Sustainable and Ethical Entrepreneurship, Corporate Finance and Governance, and Institutional Reform in China” Journal of Business Ethics, 134(4), 505-508. [ABS 3 FT]

Cumming, D.J., R. Dixon, W. Hou, and E. Lee, 2016. “Media Coverage and Foreign Share Discount in China,” European Journal of Finance, 22, 393-412. [ABS 3]

Cumming, D.J., A. Guariglia, W. Hou and E. Lee, 2016. “Special Issue: History and Evolution of Entrepreneurship and Finance in China” Business History, 58, 317-318. [ABS 4]

Cumming, D.J., W. Hou and E. Lee, 2016. “Sustainable and Ethical Entrepreneurship, Corporate Finance and Governance, and Institutional Reform in China” Journal of Business Ethics, 134(4), 505-508. [ABS 3 FT]

Cumming, D.J., and G. Fleming, 2015. “Corporate Defaults, Workouts and the Rise of the Distressed Asset Investment Industry” Business History Review, 89(2), 305-330. [ABS 3]

Cumming, D.J., Tak Yan Leung, and O.M. Rui, 2015. “Gender Diversity and Securities Fraud” Academy of Management Journal, 58(5) 1572-1593. [ABS 4* FT]

1. Best Paper Award at EBES Conference, Featured by the New York Times in April 2014

Cao, J., D.J. Cumming, and X. Wang, 2015. “One-Child Policy and Family Firms in China” Journal of Corporate Finance, 33, 317-329. [ABS 4]

Cumming, D.J., A. Guariglia, W. Hou and E. Lee, 2014. “Exploring Entrepreneurial Activity and Small Business Issues in the Chinese Economy” International Small Business Journal, 32, 603-609. [ABS 3]

Cumming, D.J., A. Guariglia, W. Hou and E. Lee, 2014. “The experiences and challenges in the development of the Chinese capital market” European Journal of Finance, 20, 595-598. [ABS 3]

Cumming, D.J., W. Hou, E. Lee, and Z. Wu, 2014. “Special Issue on Corporate Governance and Entrepreneurial Finance in China,” International Review of Financial Analysis 36, 95-96. [ABS 3]

Cumming, D.J., and W. Hou, 2014. “Valuation of restricted shares by conflicting shareholders in the Split Share Structure Reform,” European Journal of Finance 20, 778-802. [ABS 3]

Cumming, D.J., A. Guariglia, W. Hou and E. Lee, 2014. “Experiences and Challenges in the Development of the Chinese Capital Market” European Journal of Finance 20, 595-598. [ABS 3]

Boubaker, S., D.J. Cumming, D.K. Nguyen, 2017. Research Handbook of Investing in the Triple Bottom Line: Finance, Society and the Environment, Edgar Elgar

Boubaker, S., D.J. Cumming, D.K. Nguyen, 2017. Handbook of Corporate Finance and Sustainability, Edgar Elgar

Cressy, R., D.J. Cumming, and C. Malin, 2013. Entrepreneurship, Finance, Governance and Ethics, Springer Press. (455 pages) 

Cumming, D.J., A. Guariglia, W. Hou and E. Lee, 2013. Developing China’s Capital Market: Experiences and Challenges, Palgrave MacMillan. (224 pages)