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作者：Borisova, Ginka
作者单位：Iowa State University
摘要：Despite its continued significance and dynamic forms, government ownership is often presented in broad, monolithic terms. Comparing 67,464 government and private acquirer transactions over four decades, we highlight important distinctions in target selection and valuation effects of 129 unique government investment funds (GIFs), including sovereign wealth funds (SWFs), lesser-known subsidiaries called sovereign wealth enterprises (SWEs), and government-owned pension funds. GIFs, particularly S...
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作者：Allen, Franklin; Barbalau, Adelina; Chavez, Erik; Zeni, Federica
作者单位：Imperial College London; University of Alberta; The World Bank
摘要：Climate change and the associated issue of curbing carbon emissions have risen on the agenda of policymakers worldwide. However, global coordination on matters such as harmonized regulation has been subject to significant political frictions, and the large intergovernmental transfers needed to finance the transition of developing economies have proven hard to raise. Recently, there have been considerable responses to climate change from the private sector, with stakeholders placing more pressu...
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作者：Belderbos, Rene; Leten, Bart; Nguyen, Ngoc Han; Vancauteren, Mark
作者单位：KU Leuven; Maastricht University; Maastricht University; Hasselt University; University of Groningen; Ho Chi Minh City University Economics
摘要：Multinational firms can access global talent in two ways: by employing migrants in their home country, or by employing foreign workers in their overseas affiliates. Taking a knowledge-based perspective, we conceptualize these employment decisions as simultaneous and subject to management coordination. Substitution effects are greater when there is a larger wage cost differential between home and host countries, leading to a cost-reduction motivation for foreign expansion and the offshoring of ...
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作者：Colak, Gonul; Habimana, Theogene; Korkeamaki, Timo
作者单位：Hanken School of Economics; University of Sussex; Aalto University
摘要：Many African economies face high debt levels, yet local firms have unique growth opportunities requiring external financing. We examine whether government borrowing constrains corporate financing in Africa and how these effects differ by debt source. Using a manually collected dataset from 29 African countries (2000-2019), we uncover financing patterns that challenge conventional theories. In sharp contrast to firms in developed markets, we find that African firms experience a crowding-in effe...
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作者：Muratova, Yulia; Dhanaraj, Charles; Svystunova, Liudmyla
作者单位：Aarhus University; University System of Georgia; Georgia State University; Loughborough University
摘要：Equal treatment of foreign and local firms is the cornerstone of international investment law. Yet, why do foreign firms face discrimination in host countries? We analyze this critical but underexplored aspect of the liability of foreignness in two stages. First, drawing on the insights from political science, we argue that the political ideology of the host government along the left-right spectrum drives discriminatory dynamics, resulting in elevated regulatory risk for foreign firms. Next, w...
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作者：Chen, Xuchang; Maksimov, Vladislav; Mathias, Blake Dustin; Wang, Stephanie Lu
作者单位：University of Reading; University of North Carolina; University of North Carolina Greensboro; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：Market-seeking foreign direct investment (FDI) remains central for firms to expand their global presence and seize opportunities abroad. However, existing research often focuses on immediate or near-term drivers related to firms' market-seeking FDI strategies, and thus neglects the valuable insights a historical perspective can provide. To address this gap, we draw insights from imprinting theory and propose a framework theorizing the dual-layered imprinting of historical conditions stemming f...
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作者：Marra, Marianna; Nielsen, Bo Bernhard
作者单位：Polytechnic University of Milan; University of Sydney
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作者：Beugelsdijk, Sjoerd; Bird, Allan
作者单位：University of South Carolina System; University of South Carolina Columbia; Goa Institute of Management
