作者：Deng, Ping; Delios, Andrew; Peng, Mike W.
作者单位：University System of Ohio; Cleveland State University; National University of Singapore; University of Texas System; University of Texas Dallas
摘要：The growth of outward foreign direct investment from emerging markets has led to increased scholarly attention on the internationalization of emerging market firms (EMFs). We break from the recent strategic approach on internationalizing EMFs to develop a problematization approach, which permits us to introduce a geographic relational perspective. We use this perspective to highlight process thinking, complex social realities, and relational practice as means by which to better develop theory ...
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...
