6期

最新文章

• 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...
• 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.
• Political party tenure and MNE location choices AI翻译
  作者：Cordero, Arkangel M.; Miller, Stewart R.
  作者单位：University of Texas System; University of Texas at San Antonio
  摘要：We develop a theoretical framework to explain how political party tenure affects MNE entries into an economy. We leverage insights from the upper echelon and public administration literatures to argue that there is a curvilinear relationship between political party tenure and MNE entries. Moreover, we argue that political parties with an excessive tenure are less responsive to MNEs and more corrupt. Therefore, we further explain the mediating effects of government bureaucratic responsiveness a...
• The role of foreign institutional investors in restraining earnings management activities across countries AI翻译
  作者：Lel, Ugur
  作者单位：University System of Georgia; University of Georgia
  摘要：This study investigates the role of foreign institutional investors (FIIs) in restraining earnings management activities of firms under varying levels of investor protection. Firms manage their earnings less when independent FIIs are among their shareholders, especially for firms in which monitoring is more valuable - firms in weak investor protection countries and when firms have greater growth opportunities. These effects are robust to a quasi-exogenous shock to FIIs' shareholdings, unobserv...
• MNEs' location strategies and labor standards: The role of operating and reputational considerations across industries AI翻译
  作者：Maggioni, Daniela; Santangelo, Grazia D.; Koymen-Ozer, Seda
  作者单位：Universita Ca Foscari Venezia; Copenhagen Business School; Baskent University
  摘要：We investigate the role of local labor standards on MNEs' location decisions across different sectors and sub-national regions within a developing country. We suggest that foreign investors adopt selective location strategies in connection with specific labor standards as a result of reputational and operating considerations. Foreign firms in more hazardous sectors prefer locations with higher occupational health and safety standards because they are more exposed to reputational risks. Those i...
• Which boats are lifted by a foreign tide? Direct and indirect wage effects of foreign ownership AI翻译
  作者：Girma, Sourafel; Goerg, Holger; Kersting, Erasmus
  作者单位：University of Nottingham; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW); Villanova University
  摘要：The attraction of foreign direct investment (FDI) is considered to be of particular importance for emerging economies because it represents a channel through which international convergence in standards of living may be achieved. One important effect of FDI is its impact on wages, both within the targeted firm (direct) and the local firms within the same geographic region and sector (indirect). In this paper, we investigate the question whether multinational enterprises (MNEs) raise or lower w...
• Managing formalization to increase global team effectiveness and meaningfulness of work in multinational organizations AI翻译
  作者：Gibson, Cristina B.; Dunlop, Patrick D.; Cordery, John L.
  作者单位：Pepperdine University; Curtin University; Curtin University
  摘要：Global teams may help to integrate across locations, and yet, with formalized rules and procedures, responsiveness to those locations' effectiveness, and the team members' experiences of work as meaningful may suffer. We employ a mixed-methods approach to understand how the level and content of formalization can be managed to resolve these tensions in multinationals. In a sample of global teams from a large mining and resources organization operating across 44 countries, interviews, observatio...
• Going home and helping out? Returnees as propagators of CSR in an emerging economy AI翻译
  作者：Han, Qin; Jennings, Jennifer E.; Liu, Runjuan; Jennings, P. Devereaux
  作者单位：University of Lethbridge; University of Alberta
  摘要：This paper extends nascent work on returnees as agents of socio-economic change by examining whether education/training abroad affects the corporate social responsibility (CSR) of privately held firms during the early stages of an emerging economy's transition. Integrating theory and research from the international business and CSR literatures, we argue that returnee-led firms are likely to exhibit higher levels of CSR than local-led firms, due to both the direct and indirect effects of an own...