The influence of business group control over firm disclosure in offshore financial centres: evidence from the Caribbean
The influence of business group control over firm disclosure in offshore financial centres: evidence from the Caribbean
Using a unique, hand-collected sample of 169 firms in the Caribbean region, this paper explores an interrelationship between business group (BG) control, institutional factors and firm-level transparency in offshore financial centres. Our analysis shows that BG control is positively associated with the degree of information disclosure in these generally secretive jurisdictions. This relationship is moderated by the contingency factors associated with formal and informal institutions on various levels, such as the firm belonging to offshore financial services multinational enterprise industry and the quality of formal institutions in a specific jurisdiction.
Blue economy, Business groups, Caribbean, MNE, Offshore financial centres
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2
August 2026
Hearn, Bruce
45dccea3-9631-4e5e-914c-385896674dc2
Hearn, Bruce
(2026)
The influence of business group control over firm disclosure in offshore financial centres: evidence from the Caribbean.
International Business Review, 35 (4), [102576].
(doi:10.1016/j.ibusrev.2026.102576).
Abstract
Using a unique, hand-collected sample of 169 firms in the Caribbean region, this paper explores an interrelationship between business group (BG) control, institutional factors and firm-level transparency in offshore financial centres. Our analysis shows that BG control is positively associated with the degree of information disclosure in these generally secretive jurisdictions. This relationship is moderated by the contingency factors associated with formal and informal institutions on various levels, such as the firm belonging to offshore financial services multinational enterprise industry and the quality of formal institutions in a specific jurisdiction.
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1-s2.0-S096959312600020X-main
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Accepted/In Press date: 28 February 2026
e-pub ahead of print date: 11 March 2026
Published date: August 2026
Keywords:
Blue economy, Business groups, Caribbean, MNE, Offshore financial centres
Identifiers
Local EPrints ID: 510911
URI: http://eprints.soton.ac.uk/id/eprint/510911
ISSN: 0969-5931
PURE UUID: f81f2400-e539-49ec-9bcf-0cd2533373db
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Date deposited: 24 Apr 2026 16:50
Last modified: 25 Apr 2026 02:40
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