2019

最新文章

• The myth of the stay-at-home family firm: How family-managed SMEs can overcome their internationalization limitations AI翻译
  作者：Hennart, Jean-Francois; Majocchi, Antonio; Forlani, Emanuele
  作者单位：Tilburg University; University of Pavia; University of Bologna
  摘要：The prevalent view among family-firm internationalization scholars is that family management discourages internationalization. This is because selling abroad is said to require more specialized managers and more resources than selling at home, and yet family firms are unwilling to recruit non-family managers with the required international skills and to dilute their control to obtain the necessary finance. We hypothesize that this argument overlooks the possibility that managers of family-mana...
• Pro-market institutions and global strategy: The pendulum of pro-market reforms and reversals AI翻译
  作者：Cuervo-Cazurra, Alvaro; Gaur, Ajai; Singh, Deeksha
  作者单位：Northeastern University; Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick; Rutgers University System; Rutgers University Camden; Rutgers University New Brunswick
  摘要：We review the literature analyzing the impact of pro-market institutions on firms' global strategy. We propose that the ideological tension between whether the government or the market should drive economic development results in a pendulum of pro-market reforms and reversals that drive changes in firm strategy and performance. Much progress has been made in the analyses of pro-market reforms and their impact on firms' international strategies and performance. However, there is a need to furth...
• What happened to the transnational? The emergence of the neo-global corporation AI翻译
  作者：Mees-Buss, Jacqueline; Welch, Catherine; Westney, D. Eleanor
  作者单位：University of Sydney; Massachusetts Institute of Technology (MIT)
  摘要：Bartlett and Ghoshal's transnational 'solution' for managing the MNC remains popular among scholars and practitioners alike. However, our in-depth qualitative study of Unilever, an exemplary case of a transnational, found that in the period 2000-2012 the company evolved into a very different organizational form with a distinct set of characteristics. We call this the neo-global corporation. In explaining how and why this transformation occurred, we turn to organizational evolutionary theory, a...
• Global platforms and ecosystems: Implications for international business theories AI翻译
  作者：Nambisan, Satish; Zahra, Shaker A.; Luo, Yadong
  作者单位：University System of Ohio; Case Western Reserve University; University of Minnesota System; University of Minnesota Twin Cities; University of Miami; Sun Yat Sen University
  摘要：The emergence of digital platforms and ecosystems (DPE) as a venue for value creation and capture for multinational enterprises holds considerable implications for the theory and practice of international business. In this paper, we articulate these implications by considering the dual perspectives of cross-border platforms and ecosystems - as a venue for multifaceted innovation and as multisided marketplace - and focusing on three overarching themes at the intersection of DPEs and internation...
• When to go it alone: Examining post-conversion performance of international joint ventures AI翻译
  作者：Chang, Sea-Jin
  作者单位：National University of Singapore; Korea Advanced Institute of Science & Technology (KAIST)
  摘要：This study examines the decision to convert international joint ventures to either foreign or local wholly owned entities and the subsequent impact on performance from the perspective of incomplete contract theory. With China's relaxation of the joint venture requirement, foreign partners are more likely to take full control and thereby improve performance in provinces with fewer institutional barriers and industries with high intangible asset intensity, while local partners are more likely to...
• Adjusting to and learning from institutional diversity: Toward a capability-building perspective AI翻译
  作者：Lundan, Sarianna M.; Li, Jiatao
  作者单位：University of Bremen; Aalto University; Hong Kong University of Science & Technology
  摘要：This paper identifies two main dimensions - institutional diversity and dynamism - in the research stream that has substantively engaged with the important contribution of Jackson and Deeg (J Int Bus Stud 39(4):540-561, 2008). Taking into account their core criticism that institutional analysis in international business research is often de-contextualized, and building on these two dimensions, we present two possible paths for institutional analysis that are sensitive to context. The first is ...
• Escape from the USA: Government debt-to-GDP ratio, country tax competitiveness, and US-OECD cross-border M&As AI翻译
  作者：Gan, Ying; Qiu, Buhui
  作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of Sydney
  摘要：We study how differences in target country-US tax competitiveness influence acquirers' share price reactions to US cross-border acquisitions, the tax savings after acquisition completion, and the US cross-border acquisition deal flows. We employ two-stage least-squares regressions and use the fitted component of the government debt-to-GDP ratio difference between the US and a target country as a proxy for the target country-US tax-competitiveness difference. Using a sample of US acquisitions o...
• Capital structure decisions along the supply chain: Evidence from import competition AI翻译
  作者：Huang, Qianqian; Kim, Ryoonhee
  作者单位：City University of Hong Kong; Soongsil University
  摘要：This paper studies the spillover effect of import competition in downstream industries on upstream capital structure. We find that a large reduction in import tariffs in a customer industry induces suppliers to choose more conservative financial policies. We show that firms lower their leverage more when the customer-supplier relationship is more valuable to the firms and when firms are more vulnerable to the downstream shock. Finally, firms adjust their leverage mainly by issuing more equity.
• Inward foreign direct investment and local firm innovation: The moderating role of technological capabilities AI翻译
  作者：Jin, Byungchae; Garcia, Francisco; Salomon, Robert
  作者单位：Korea Advanced Institute of Science & Technology (KAIST); University of Oviedo; New York University
  摘要：Extant research on inward foreign direct investment (FDI) suggests that foreign entrants bring superior technology with them to host countries, thereby providing local firms the opportunity to learn and upgrade their technologies. However, foreign entrants also increase competition in the local market, potentially harming domestic firms. In this study, we extend existing work on inward FDI by investigating the moderating role of technological capabilities on the relationship between inward FDI...
• Uncertainty avoidance and the timing of employee stock option exercise AI翻译
  作者：Bova, Francesco; Vance, Marshall
  作者单位：University of Toronto; University of Southern California
  摘要：We examine the impact of the cultural norm of uncertainty avoidance on employee stock option (ESO) exercise behavior using proprietary data from a multinational firm. We find that employees from countries with higher levels of uncertainty avoidance exercise their stock options earlier. These findings lend support to a maintained assumption in the ESO literature that employee attitudes toward uncertainty influence stock option exercise behaviors. Our findings further help to explain prior findi...