Globalization and market liberalization have led to borderless competition among corporations all over the world. To achieve a sustainable growth, companies should create their competitive advantage via innovations in human capital, entrepreneurship, organizational structure, and so on. Various finance functions, such as asset pricing, corporate financing and investment, corporate governance, and risk management can assist companies in creating future value. The special issue is devoted to the empirical and theoretical studies of these and other related issues, both positive and normative.
Examples of relevant topics may include, but not limited to:

. Investment in human capital and firm value

. Corporate entrepreneurship and financial performance

. Global competition and corporate governance

. Corporate ownership, control and organizational changes and value creation

. Globalization and capital budgeting, corporate finance and the cost of capital

. Financial market integration and corporate financial policy

. Cross-border joint ventures, alliances, M&As, outsourcing and boundaries of firms

. Corporate risk exposure and management in capital budgeting and financing decisions

. Corporate finance and portfolio allocation strategies

. Effects of globalization on financial constraints and investment

. Effects of macroeconomic and financial crises on corporate finance

. Financial liberalization and corporate finance

. Emerging market multinationals and corporate governance

. Political economy of culture, law, institution, and governance in corporate finance

. Financial innovations and corporate finance

. Behavioral issues related to firms and investors in corporate finance

. Corporate cash holdings and firm value

. Welfare consequences of financial globalization and corporate finance