-
作者：Iurkov, Viacheslav; Benito, Gabriel R. G.
作者单位：BI Norwegian Business School; BI Norwegian Business School
摘要：We draw on a social network perspective to explain multinational enterprises' (MNEs) propensity to distribute their operations unevenly across various regions of the world. We focus on how the positioning of MNEs in their domestic network of strategic alliances affects their geographic scope, i.e., whether they concentrate on their home region or expand beyond it. We theorize that embeddedness in alliance networks constitutes a double-edged sword to the geographic scope of MNEs. Strong embedde...
-
作者：Young, Susan L.; Welter, Christopher; Conger, Michael
作者单位：University System of Georgia; Kennesaw State University; University System of Ohio; Xavier University; University System of Ohio; Miami University
摘要：How entrepreneurial opportunities are formed and exploited depends upon the institutional environment in which they are embedded. The varying amounts of risk and uncertainty across and within heterogeneous institutional environments have important implications for the types of opportunity developed. While the international business and entrepreneurship literatures consider the effect of environmental risk and uncertainty on firms, risk and uncertainty are often treated as interchangeable or sy...
-
作者：Cannizzaro, Anthony P.; Weiner, Robert J.
作者单位：Catholic University of America; George Washington University
摘要：We contribute to IB literature on state-owned multinationals by examining an understudied element of MNE strategy - transparency. Drawing insight from accounting, finance, and political science, we develop theory and hypotheses regarding ownership effects on FDI disclosure. We argue that transparency of outward FDI depends on both state ownership and home and host country institutions. We also posit that host governments harness their SOEs to exploit information disclosed by foreign MNEs, disc...
-
作者：Schubert, Torben; Baier, Elisabeth; Rammer, Christian
作者单位：Lund University; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
摘要：We develop a behavioural framework of bounded rational decision-making under uncertainty to analyse the role of technological dynamism in the firm's environment for its decision to internationalise innovation. Applying prospect theory, we argue that technological uncertainty in the firm's environment affects its risk preferences differently depending on its technological capabilities. A key prediction is that firms with low capabilities will internationalise innovation when faced by technologi...
-
作者：An, Zhe; Chen, Zhian; Li, Donghui; Xing, Lu
作者单位：Monash University; University of New South Wales Sydney; Jinan University; University of Glasgow; University of Edinburgh
摘要：Employing a sample of 26,473 firms across 42 countries from 1990 to 2013, we find that firms located in countries with higher individualism have higher stock price crash risk. Furthermore, individualism can be transmitted by foreign investors from overseas markets to influence local firms' crash risk, and can exacerbate the impact of firm risk taking and earnings management on crash risk. Moreover, the positive relation between individualism and crash risk is amplified during the global financ...
-
作者：Huang, Jing
作者单位：Virginia Polytechnic Institute & State University
摘要：US multinational corporations (MNCs) need to allocate decision rights between parent companies and subsidiaries to manage global operations. This article examines how the allocation of decision rights affects foreign earnings management of MNCs. I find that the extent of foreign earnings management increases when parents retain centralized decision rights. But internal cross-border frictions, between parents and their foreign subsidiaries, and the external local legal environment in which fore...
-
作者：Kriz, Alexandra; Welch, Catherine
作者单位：University of Queensland; University of Sydney
摘要：While there has been considerable research into the internationalisation of high-technology firms, it mostly assumes that these firms are pursuing global opportunities for technologies which are ready to be sold. This assumption does not hold for firms with 'new-to-the-world' technologies still under development. We investigate the internationalisation patterns of such firms by means of a qualitative case study. Our findings show the internationalisation patterns of the case firms to be uneven...
-
作者：Mingo, Santiago; Morales, Francisco; Dau, Luis Alfonso
作者单位：Universidad Adolfo Ibanez; University of Colorado System; University of Colorado Boulder; Northeastern University
摘要：Integrating social network theory with the literature on national distance, we examine how the investment strategy followed by a private equity (PE) firm in an emerging market is affected by the interplay between two important types of national distances - institutional and geographic - and the firm's centrality in the regional syndication network. Covering over 5,000 investment transactions, we use a dataset of more than 500 PE firms based in both developed and emerging markets targeting thre...
-
作者：Li, Pengfei; Bathelt, Harald
作者单位：Universite de Montreal; HEC Montreal; University of Toronto; University of Toronto
摘要：This article investigates the location strategies of Canadian and Chinese multisite firms in international and domestic investment decisions at the metropolitan level. By integrating research from international business studies and economic geography, we combine knowledge-based understandings of multinational corporations and industrial clusters to develop propositions regarding the location strategies of multisite firms in cluster networks. It is argued that firms from clusters are more likel...
-
作者：Hung, Mingyi; Kim, Yongtae; Li, Siqi
作者单位：Hong Kong University of Science & Technology; Santa Clara University
摘要：Motivated by the international business literature that examines the interactions between political forces and business environments, we investigate whether and how political connections affect managers' voluntary disclosure choices. We show that compared to non-connected firms, connected firms issue fewer management earnings forecasts. In addition, relative to non-connected firms, connected firms have a greater increase in the frequency of management forecasts subsequent to the elections that...
