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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...
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作者：Zhong, Weiguo; Lin, Ya; Gao, Danxue; Yang, Haibin
作者单位：Peking University; Hong Kong Baptist University; Central University of Finance & Economics; City University of Hong Kong
摘要：While research has acknowledged the importance of political risks in affecting multinational companies' behavior and performance outcomes, the roles of political agents in this process have largely been ignored. This study explores one important dimension of political risks caused by politician turnover at the sub-national level and examines its influence on the performance of foreign subsidiaries. We contend that policy uncertainty arising from politician turnover adversely affects the perfor...
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作者：Patnaik, Sanjay
作者单位：George Washington University
摘要：This study examines the outcome of collective political strategy across countries, within the context of new greenhouse gas regulations in the European Union. Drawing on the economic theory of regulation, I argue that collective political strategy can result in varied distortions of environmental policies, depending on the ideology of government actors, the electoral cycle and the type of prevalent bureaucratic regulatory system. An interesting finding in this regard is that left-leaning gover...
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作者：Filippaios, Fragkiskos; Annan-Diab, Fatima; Hermidas, Amir; Theodoraki, Charikleia
作者单位：University of Kent; Kingston University
摘要：We study the influence of a country's political governance on its attractiveness to foreign direct investors. We argue that democracy is not a unidimensional concept and that the effect of host-country political governance on incoming foreign direct investment (FDI) differs depending on whether FDI originates from a democratic or an autocratic country. We also hypothesize that the effect of civil liberties depends on the motivations of investing multinational enterprises (MNEs) and that human ...
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作者：Witt, Michael A.
作者单位：INSEAD Business School
摘要：De-globalization, now a distinct possibility, would induce a significant qualitative shift in strategies, structures, and behaviors observable in international business (IB). Coming to terms with this qualitative shift would require IB research to develop a much deeper integration of politics, the key driver of de-globalization. To support such integration, this paper introduces two relevant theories of (de-)globalization from political science, liberalism and realism. Both predict de-globaliz...
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作者：Huang, Kenneth G.; Li, Jiatao
作者单位：National University of Singapore; National University of Singapore; Hong Kong University of Science & Technology
摘要：Is there knowledge adoption of innovations from emerging economies? We theorize that, to help overcome information asymmetry across countries, granting patents to technology in the emerging economy of China can serve as a signal of technology potential and market opportunity to enhance technological knowledge adoption in a developed economy such as the United States. The effect may be greater in a complex technology sector with high information asymmetry than in a discrete technology sector, a...
