ESG, Failed Business Processes And Emerging-Markets Dependencies At US Multinational Companies (2010-2019): Macro-Financial Stability, And Regulatory Takings.

52 Pages Posted: 9 Jul 2015 Last revised: 7 Nov 2022

Date Written: 2015 (Revised 2022)

Abstract

US Multinational Corporations (MNCs) (and indeed MNCs around the world) face a growing gamut of regulatory, ESG and International Trade issues that have or can direct effects on their operating and financial performance, and on Financial Stability (crash-risk and or International Contagion), and thus have portfolio management, corporate strategy and public policy implications. This article examines these issues and more by analyzing T-Mobile’s and AT&T’s operations during 2010-2019. This article: i) reviews Labor-Regulation, ESG (Environmental, Social & Governance) and the earnings management, asset-quality management and poor strategic decision making within T-Mobile and AT&T during 2010-2019 - characterizes T-Mobile’s and AT&T’s problematic strategic alliances; ii) introduces theories of Corporate Strategy, IPE, Corporate Intrapreneurship and enterprise-risk management; iii) provides evidence of, and characterizes Regulatory Failure within the context of Corporate Intrapreneurship, Operations Strategy and Decisions; iv) explains why the proposed mergers among ATT, Sprint and TMobile were not feasible or proper and how the same business objectives could have been achieved through strategic alliances – and also explains associated Regulatory Takings inherent in mergers executed by those companies during 2018-2020; v) explains implications for financial stability, and ATT’s and TMobile’s significant potential for fintech; vi) explains asset pricing anomalies and how the operations/policies of TMobile and ATT contradicted some theories and empirical results in the literature; vii) discusses some IPE “Multiplier Effects” of TMobile’s and ATT’s operations and problems.

Keywords: M&A; Corporate Growth; Portfolio Management; Investor Sentiment; Multinational Corporations; Portfolio Management; Risk Management; International Contagion; ESG.

Suggested Citation

Nwogugu, Michael C. I., ESG, Failed Business Processes And Emerging-Markets Dependencies At US Multinational Companies (2010-2019): Macro-Financial Stability, And Regulatory Takings. (2015 (Revised 2022) ). Available at SSRN: https://ssrn.com/abstract=2628317 or http://dx.doi.org/10.2139/ssrn.2628317

Michael C. I. Nwogugu (Contact Author)

Independent ( email )

P. O. 996
Newark, NJ 07101
United States

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