2期

最新文章

• New-day statistical thinking: A bold proposal for a radical change in practices AI翻译
  作者：van Witteloostuijn, Arjen
  作者单位：Vrije Universiteit Amsterdam
  摘要：In this commentary, I argue why we should stop engaging in null hypothesis statistical significance testing altogether. Artificial and misleading it may be, but we know how to play the p value threshold and null hypothesis-testing game. We feel secure; we love the certainty. The fly in the ointment is that the conventions have led to questionable research practices. Wasserstein, Schirm, & Lazar (Am Stat 73(sup1):1-19, 2019. 10.1080/00031305.2019.1583913) explain why, in their thought-provoking...
• China's belt and road initiative: Changing the rules of globalization AI翻译
  作者：Buckley, Peter J.
  作者单位：University of Leeds
• Bank dependence in emerging countries: Cross-border information percolation in mutual fund equity investing AI翻译
  作者：Allen, Linda; Chakraborty, Suparna; Hazarika, Sonali; Su, Chih-Huei
  作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University of San Francisco; University of Saint Thomas
  摘要：In contrast to the literature involving U.S. bank domestic lending, we find that mutual funds affiliated with lending banks reduce their equity investment and turnover in the non-U.S.-listed stock of their non-U.S. borrowers compared to non-lending banks or unaffiliated mutual funds. Reduced equity holdings increase loan spreads, preserving the lending bank's cross-border information monopoly. Equity market holdings and turnover are reduced when banks lend to firms in emerging nations and when...
• Keeping it within bounds: Regression analysis of proportions in international business AI翻译
  作者：Wulff, Jesper N.; Villadsen, Anders R.
  作者单位：Aarhus University; Aarhus University
  摘要：International business researchers commonly estimate proportions, percentages, rates, or fractions - so-called proportional dependent variables. In this paper, we posit that two regression strategies are particularly pertinent to the international business field: Tobit and fractional regression. Reviewing recent international business research, we find that, while fractional regression is rarely used, analyses from Tobit regression are often incomplete or erroneously interpreted with consequen...
• Springboard internationalization by emerging market firms: Speed of first cross-border acquisition AI翻译
  作者：Kumar, Vikas; Singh, Deeksha; Purkayastha, Anish; Popli, Manish; Gaur, Ajai
  作者单位：University of Sydney; Rutgers University System; Rutgers University New Brunswick; Rutgers University Camden; Indian Institute of Management (IIM System); Indian Institute of Management Indore; Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick
  摘要：According to the springboard perspective, emerging market multinationals seek strategic assets aggressively from the outset. In this paper, we investigate the role of firms' institutional embeddedness in terms of age and affiliation to business group on their aggressive internationalization pursuits, an issue which has remained less explored in international business scholarship. This study, based on 8163 Indian listed firms over 18 years, identifies a trend that younger firms founded in the l...
• The ownership structure contingency in the sequential international entry mode decision process: Family owners and institutional investors in family-dominant versus family-influenced firms AI翻译
  作者：Xu, Kai; Hitt, Michael A.; Miller, Stewart R.
  作者单位：University of Texas System; University of Texas at San Antonio; Texas A&M University System; Texas A&M University College Station; Mays Business School; Texas Christian University
  摘要：Extending our understanding of family firms and international business research with respect to entry mode decisions, this study explains how entry mode choice is the product of a sequential decision-making process, with an important ownership structure contingency. We propose that firms with a dominant family owner (family-dominant firms) prefer low equity ownership as their entry mode for the purpose of preserving their socioemotional wealth. Their preference is persistent even when the inst...
• Cross-border acquisitions: Do labor regulations affect acquirer returns? AI翻译
  作者：Levine, Ross; Lin, Chen; Shen, Beibei
  作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; University of Hong Kong; Shanghai University of Finance & Economics
  摘要：Do cross-country differences in labor regulations shape (1) acquiring firms' announcement returns and post-acquisition profits, costs, and revenues from cross-border deals, (2) the selection of cross-border targets, or (3) the success rates of cross-border offers? We discover that acquiring firms enjoy smaller abnormal returns and post-deal performance gains with targets in stronger labor protection countries; acquirers are more likely to purchase labor-dependent targets in weak labor regulati...
• Capturing the role of societal affinity in cross-border mergers with the Eurovision Song Contest AI翻译
  作者：Siganos, Antonios; Tabner, Isaac T.
  作者单位：University of Glasgow; University of Stirling
  摘要：This paper demonstrates the effectiveness of voting bias in the Eurovision Song Contest as a means of capturing societal affinity. More than 180 million viewers from more than 40 countries watch the Eurovision Song Contest every year and vote for their favorite songs. Societal affinity between participating countries leads to systematic bias in voting patterns as each song represents a country. Using cross-border mergers as a proxy for international business exchanges, we demonstrate how votin...