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作者：Li, Jiatao; Jiang, Han; Shen, Jia; Ding, Haoyuan; Yu, Rongjian
作者单位：Hong Kong University of Science & Technology; The Chinese University of Hong Kong, Shenzhen; University of Texas System; University of Texas Dallas; Shanghai University of Finance & Economics; Zhejiang Gongshang University
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作者：Gianfrate, Gianfranco; Rubin, Mirco; Ruzzi, Dario; van Dijk, Mathijs
作者单位：Universite Catholique de Lille; EDHEC Business School; European Central Bank; Bank of Italy; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要：We use the exogenous shock of COVID-19 to explore the resilience of firms with strong ESG (environmental, social, and governance) ratings across 63 countries and three asset classes: stocks, credit default swaps (CDS), and corporate bonds. We show that the resilience of strong ESG firms is not a consistent global phenomenon outside of North America and varies considerably across countries. Additional evidence points towards a substitution effect between firm-level sustainability performance as...
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作者：Niu, Geng; Wang, Yi; Zhou, Yang; Gan, Xu
作者单位：Southwestern University of Finance & Economics - China; Dongbei University of Finance & Economics; Wuhan University; Huazhong University of Science & Technology
摘要：A well-established body of international business research examines how the institutional environment influences corporate decisions. We add to this literature by investigating the unexplored link between family, a fundamental institution in human society, and corporate tax decisions. Applying theories on social norms and the evolution of moral boundaries, we argue that the strength of family ties in a society increases corporate tax avoidance by narrowing the scope of moral responsibilities. ...
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作者：Chan, Christine M.; Shi, Lei; Yi, Jingtao
作者单位：University of New South Wales Sydney; University of International Business & Economics; Renmin University of China
摘要：The influences of a home country's economic and political institutions on acquirers' cross-border acquisitions (CBAs) ownership strategies remains unexplored. Acquirers face endogenous uncertainty (i.e., uncertainty that can be resolved in part by acquirers) when transferring headquarters resources to foreign target firms and exogenous uncertainty (i.e., uncertainty that cannot be resolved by acquirers) when there is an unpredictable policy change. We argue that well-developed economic and pol...
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作者：Hong, Jieying
作者单位：Beihang University; Beihang University
摘要：China's remarkable growth in exports has sparked concerns regarding the negative effects of the China trade shock; yet its positive aspects often go overlooked. This study uncovers a previously unexplored advantage of the China trade shock - its positive influence on financial stability. We focus on its influence on the stock price crash risk of US firms by leveraging the US granting of Permanent Normal Trade Relations (PNTR) status to China in 2000 as a quasi-natural experiment. Our study ide...
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作者：Zahra, Shaker A.; Criaco, Giuseppe; Petricevic, Olga; Hashai, Niron
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; University of Calgary; Reichman University; University of Manchester; Alliance Manchester Business School
摘要：We propose a typology that captures the heterogeneity of international new ventures' (INVs') entrepreneurial behavior and their commitment to foreign markets. The typology identifies four types of INVs, highlighting the dynamic interplay between the degree of radicalness of their entrepreneurial behavior and the level of their foreign market commitment. By integrating theories from both international business and entrepreneurship, we illustrate how the diverse underlying capabilities and netwo...
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作者：Debellis, Francesco; Rondi, Emanuela; Buckley, Peter J.; De Massis, Alfredo
作者单位：University of Vienna; University of Bergamo; University of Manchester; Alliance Manchester Business School; Free University of Bozen-Bolzano; International Institute for Management Development (IMD); Lancaster University; Zhejiang University; Zhejiang University
摘要：The current evolution of global value chains (GVCs) calls for moving beyond the unipolar view of lead multinational enterprises (MNEs) as sole rulers to examine how their characteristics and those of partner firms affect GVC governance. In response to this call, we focus on family firms, which are the most ubiquitous organizational form worldwide and represent the majority of firms participating in GVCs. Unlike non-family firms, these organizations face distinct mixed gambles, driven by both e...
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作者：Sethuram, Shyamala; Gaur, Ajai
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark
摘要：As international business (IB) scholars seek to invigorate the field and steer it away from what some deem a research coma resulting from a narrowing scope, the significance of foreign divestment (FD) has once again been relegated amidst other pressing topics. We advocate for elevating FD to the same level of importance as foreign direct investment (FDI). Despite emerging a decade after seminal contributions on FDI, FD has suffered from a notable lack of attention in IB research and educationa...
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作者：Eufinger, Christian; Gill, Andrej; Hett, Florian
作者单位：University of Navarra; IESE Business School; Johannes Gutenberg University of Mainz; Johannes Gutenberg University of Mainz
摘要：Our study examines the influence of the local financial conditions in a multinational corporation's (MNC) home country on its global strategy and market position. Establishing a headquarters in a country grants legitimacy with local stakeholders, which enhances firms' access to local capital markets. Consequently, MNCs headquartered in a country with favorable financial conditions might gain an advantage over MNCs based in countries with a less advantageous financial environment. To analyze th...
