作者：Cumming, Douglas; Lopez-de-Silanes, Florencio; McCahery, Joseph A.; Schwienbacher, Armin
作者单位：State University System of Florida; Florida Atlantic University; University of Birmingham; SKEMA Business School; Universite Cote d'Azur; Tilburg University; Tilburg University; Universite Cote d'Azur; SKEMA Business School
摘要：Loan tranching allows banks to manage risk and facilitate firm financing, which may be essential for firms that cannot access investors from stock markets. We analyze the determinants and benefits of loan tranching by pooling the tranches of individual loans to create the largest cross-country sample of syndicated loans, covering more than 150,000 loans from multinational and domestic firms. We find that, in addition to market, deal, and borrower characteristics, legal and institutional differ...
作者：Gutierrez-Huerter, Gabriela O.; Moon, Jeremy; Gold, Stefan; Chapple, Wendy
作者单位：University of London; King's College London; Copenhagen Business School; Universitat Kassel; Nottingham Trent University; University of Nottingham
摘要：Recent research has increasingly emphasized the micro-foundations of knowledge transformation in multi-national enterprises (MNEs). Although the literature has provided ample evidence of the enablers of and barriers to the translation of practices, less is known about the activities and efforts of translators that lead to specific types of translation in the context of the transfer of practices initiated at a MNE's headquarters (HQ) to foreign subsidiaries. We apply a Scandinavian institutiona...
