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作者:Brockman, Paul; Drobetz, Wolfgang; El Ghoul, Sadok; Guedhami, Omrane; Zheng, Ying
作者单位:Lehigh University; University of Hamburg; University of Alberta; University of South Carolina System; University of South Carolina Columbia; Bryant University
摘要:The international bond market is the largest component of the international capital markets. Previous research shows that the liability of foreignness (LOF) imposes significant costs on international debt contracting. The purpose of this study is to examine the impact of foreign institutional shareholders (FISs) on the costs of international debt contracting. While the presence of FISs could lead to a reduction in LOF-related costs, it can also lead to an increase in the costs arising from age...
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作者:Mol, Michael J.; Lee, Sun Hye
作者单位:Copenhagen Business School; University of Birmingham; University of Surrey
摘要:We theorize on how institutional distance and interorganizational relationship (IOR) governance interact to produce corporate social irresponsibility (CSiR) in offshore outsourcing. Managers generally find it challenging to align practices with stakeholders' responsibility expectations and more so when activities occur offshore and outside organizational boundaries. This is evident from Apple's repeated problems in China but insufficiently understood in international business (IB) literature. ...
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作者:Yao, Fiona Kun; Chen, Ming-Jer; Li, Jiatao; Combs, Danielle; Li, Qiang
作者单位:University of Illinois System; University of Illinois Urbana-Champaign; University of Virginia; Hong Kong University of Science & Technology; University of Alabama System; University of Alabama Tuscaloosa; China Europe International Business School
摘要:Competition has long been considered a central element of strategy for multinational enterprises in classical foreign direct investment theories. This review evaluates the large and diverse literature on competitive dynamics in international business since Knickerbocker's (Oligopolistic reaction and the multi-national enterprise, MIT Press, Cambridge, 1973) seminal work on oligopolistic reaction. Specifically, we review the literature on follow-the-leader, awareness-motivation-capability, comp...
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作者:Kwok, Chuck C. Y.; Grosse, Robert; Fey, Carl F.; Lyles, Marjorie A.
作者单位:University of South Carolina System; University of South Carolina Columbia; Arizona State University; Arizona State University-Downtown Phoenix; Aalto University; State University System of Florida; Florida International University
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作者:Santangelo, Grazia D.; Symeou, Pavlos C.
作者单位:Copenhagen Business School; Cyprus University of Technology
摘要:We study how home-country factors can alter the impact of host-country conditions on the location decisions of state-owned enterprises (SOEs). Specifically, we examine the role of home-country pro-market reforms in facilitating SOEs' entry into host countries with a free-market logic. We consider two types of home-country pro-market reforms: market liberalization and privatization. We propose that home market liberalization mainly mitigates SOEs' market legitimacy deficit and facilitates their...
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作者:Ahmad, Muhammad Farooq; Aktas, Nihat; Cumming, Douglas; Xu, Guosong
作者单位:Universite Cote d'Azur; SKEMA Business School; WHU - Otto Beisheim School of Management; State University System of Florida; Florida Atlantic University; University of Birmingham; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
摘要:This research employs a difference-in-differences framework to study the impact of major board reforms on the performance of mergers and acquisitions (M&As). Using an international sample of board reforms implemented in 61 countries from 1985 to 2021, we document a drastic redistribution of wealth from target shareholders to acquirer shareholders after the board reforms in target countries. This effect is most pronounced in M&A transactions that involve the sale of controlling shares, thereby ...
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作者:Song, Hee-Chan
作者单位:Chulalongkorn University
摘要:Studies on multi-stakeholder processes and cross-sector partnerships have demonstrated that multiple stakeholders across different sectors can resolve sustainable development issues when they combine their complementary resources and capacities. These studies have highlighted the role of multinational enterprises (MNEs), considering their requisite resources and capacities to implement intervention strategies. However, MNEs' role remains largely underexplored in the context of non-state cultur...
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作者:Reuber, A. Rebecca; Prashantham, Shameen; Chen, Liang
作者单位:University of Toronto; China Europe International Business School; Singapore Management University