6期

最新文章

• Does social trust affect international contracting? Evidence from foreign bond covenants AI翻译
  作者：Brockman, Paul; El Ghoul, Sadok; Guedhami, Omrane; Zheng, Ying
  作者单位：Lehigh University; University of Alberta; University of South Carolina System; University of South Carolina Columbia; Bryant University
  摘要：Building on rational choice institutionalism theory and Williamson's (J Econ Lit 38(3): 595-613, 2000) four-level social analysis framework, we investigate the influence of the informal institution of social trust on debt contract design in an international setting. Using a sample of non-U.S. firms that issue bonds in the U.S. debt market, we find that Yankee bond creditors impose fewer covenants on bond issuers domiciled in countries with a high degree of social trust. We further show that th...
• Informal institutions, entrepreneurs' political participation, and venture internationalization AI翻译
  作者：Li, Dan; Wei, Li-Qun; Cao, Qing; Chen, Deqiu
  作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Hong Kong Baptist University; University of Connecticut; University of International Business & Economics
  摘要：Informal institutions such as Guanxi play a critical role in compensating for insufficient formal institutions in emerging markets. Arising from the institutional evolution, Chinese entrepreneurs' participation in political systems induces the emergence of new types of Guanxi that the entrepreneurs can draw on in internationalizing their new ventures. Drawing from institutional and cognitive decision-making theories, we theorize that the entrepreneurs' political participation enhances their se...
• Public sentiment is everything: Host-country public sentiment toward home country and acquisition ownership during institutional transition AI翻译
  作者：Yiu, Daphne W.; Wan, William P.; Chen, Kelly Xing; Tian, Xiaocong
  作者单位：University of Oklahoma System; University of Oklahoma - Norman; Chinese University of Hong Kong; Hong Kong Metropolitan University; Shandong University; Shanghai University of Finance & Economics
  摘要：Under strict scrutiny of public governance primed by international relation tensions, geopolitics, and the rise of social movements and public activism in the globalized economy, public sentiment is exerting increasing pressure on multinational corporations (MNCs). Utilizing the context of inward acquisition, a sensitive cross-border action that often triggers sentiment of host-country nationals, we theorize from the public sentiment perspective and the public thermostat analogy that foreign a...