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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...
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作者：Hernandez, Exequiel; Guillen, Mauro F.
作者单位：University of Pennsylvania
摘要：We review the classic theory of the MNE and past attempts to use it to understand the internationalization of firms from emerging markets. We offer two criteria to determine whether EMNEs modify classic theory or not: (1) establishing appropriate theoretical reference points, and (2) distinguishing between theoretical constructs and empirical variables. We suggest that the literature can benefit from moving beyond comparing EMNEs to DMNEs and focusing instead on more fruitful issues. Specifica...
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作者：Buckley, Peter J.; Clegg, L. Jeremy; Voss, Hinrich; Cross, Adam R.; Liu, Xin; Zheng, Ping
作者单位：University of Leeds; Xi'an Jiaotong-Liverpool University; BNP Paribas; Sheffield Hallam University
摘要：Our original 2007 Journal of International Business Studies article, The determinants of Chinese Outward Foreign Direct Investment'', was the first theoretically based empirical analysis of the phenomenon. It utilised internalisation theory to explain the internationalisation of Chinese state-owned enterprises. This paper showed that we had failed to ask sufficiently challenging questions about the effects of home country institutions on outward foreign direct investment (OFDI). This Retrospec...
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作者：Morris, Shad; Snell, Scott; Bjorkman, Ingmar
作者单位：Brigham Young University; University of Virginia; Aalto University
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作者：Quang Nguyen; Kim, Trang; Papanastassiou, Marina
作者单位：Middlesex University; Foreign Trade University FTU
摘要：We explore the link between uncertainty in economic policy, firm-level FDI, and firm hedging behavior - building upon a newspaper-based index of economic policy uncertainty (EPU). We find that the relative difference in EPU between home and host country has a significant relationship with FDI. Firms increase their FDI level in countries, which have a low level of EPU relative to their home country. In addition, firms use derivatives more intensively in response to an increase in EPU. Interesti...
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作者：Akamah, Herita; Hope, Ole-Kristian; Thomas, Wayne B.
作者单位：University of Nebraska System; University of Nebraska Lincoln; University of Toronto; BI Norwegian Business School; University of Oklahoma System; University of Oklahoma - Norman
摘要：Multinational firms have been accused by politicians, regulators, and citizen groups of shifting profits to low-tax geographic areas. We present evidence that multinational firms with tax-haven operations tend to aggregate their geographic disclosures to a greater extent. The results are consistent with managers attempting to avoid criticism by reducing the transparency of their tax-avoidance activities. We find these results to be stronger for larger firms with higher political costs and for ...
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作者：Ramamurti, Ravi; Hillemann, Jenny
作者单位：Northeastern University; Vrije Universiteit Brussel; University of Reading
摘要：Buckley et al.'s (J Int Bus Studi 38(4): 499-518, 2007) pioneering work concluded that the determinants of outward foreign direct investment (OFDI) from China were similar to those observed in developed countries - but with a few modifications. In this commentary, we suggest continuing their effort to understand what is distinctive about Chinese multinational enterprises (CMNEs). We look for underlying explanations that are analytically useful and potentially generalizable, unlike a firm's nat...
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作者：Verbeke, Alain
作者单位：University of Calgary
