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作者:Yang, Bo; Song, Jinyuan; Wei, Yifan; Li, Jing
作者单位:University of Hong Kong; George Mason University; Simon Fraser University
摘要:We investigate how U.S. firms adapt their supply chains in China in response to geopolitical risks from the U.S.-China rivalry. We offer a legitimacy-efficiency balancing perspective to understand firm decisions. We hypothesize that to maintain legitimacy with the home government, U.S. firms in strategic industries are more likely than those in non-strategic industries to align with the U.S. government's derisking strategy by limiting suppliers in China. However, we expect this tendency to wea...
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作者:Pinto, Jedson; Siano, Federico
作者单位:University of Texas System; University of Texas Dallas
摘要:Dictionary-based methods are widely used to assess the information content of corporate disclosures, yet they are primarily developed within the U.S. context. This study applies a popular U.S.-based dictionary approach to analyze the disclosure sentiment of 200,960 earnings call transcripts across 85 countries. While disclosure sentiment is positively associated with short-window stock returns globally, the relationship is approximately 30% weaker for non-U.S. firms. Drawing on cultural accoun...
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作者:Luo, Yadong; Tung, Rosalie L.
作者单位:University of Miami; Simon Fraser University
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作者:Yoon, Hyungseok David; Belkhouja, Mustapha; Dau, Luis Alfonso
作者单位:University of York - UK; Mohammed VI Polytechnic University; Grenoble Ecole Management; Northeastern University
摘要:A substantial body of research highlights how stringent regulations disrupt innovators' incentives and increase transaction costs, yet their information processing implication remains understudied. Building on information processing theory, we study how the interplay between formal and informal institutions shapes inventors' information processing in developing artificial intelligence (AI) innovation. We examine the effect of stringent privacy regulations on AI innovation by exploiting the Eur...
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作者:Makarius, Erin E.; Kahindi, Aloysius M.; Stevens, Charles E.; Hong, Emma Kyoungseo
作者单位:University System of Ohio; University of Akron; University of Victoria; Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark
摘要:How do host country stakeholders evaluate foreign MNEs' local impact? Although MNEs' desire for a reputation for positive societal impact is well-established in the literature, much less is known about how to actually obtain one-especially in less developed frontier markets. In this inductive, qualitative study across seven countries in sub-Saharan Africa, we examine why host country stakeholders deem some foreign MNEs to have a better reputation for societal impact than others and how firms' ...
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作者:Leone, Cristina; Li Destri, Arabella Mocciaro; Picone, Pasquale Massimo
作者单位:University of Palermo
摘要:Drawing on a sociological approach, this paper examines how the subsidiaries of multinational companies (MNCs) translate equality, diversity, and inclusion (EDI) ideas from their headquarters (HQs). International business (IB) studies emphasize the context-sensitive and socially constructed nature of EDI. Through a single case study of an Italian subsidiary translating EDI ideas from its U.S. HQs, we present a power-laden EDI translation process and broaden the extant research by revealing the...
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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:Marra, Marianna; Nielsen, Bo Bernhard
作者单位:Polytechnic University of Milan; University of Sydney