3期

最新文章

• The interplay of national distances and regional networks: Private equity investments in emerging markets AI翻译
  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...
• Political connections and voluntary disclosure: Evidence from around the world AI翻译
  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...
• Home country supportiveness/unfavorableness and outward foreign direct investment from China AI翻译
  作者：Gaur, Ajai S.; Ma, Xufei; Ding, Zhujun
  作者单位：Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick; Chinese University of Hong Kong; University of Reading
  摘要：What drives the outward foreign direct investments (OFDIs) by emerging market firms (EMFs)? Drawing on a strategy tripod framework, this article proposes a theoretical model to predict OFDI by EMFs from China. Specifically, we use institution-and industry-based views to examine two facets of home country environment, namely, the supportiveness from home government and unfavorableness from home industry, as important determinants of OFDI, and compare the relative strength of these effects. Furt...
• Drivers of institutional change around the world: The case of IFRS AI翻译
  作者：Koning, Miriam; Mertens, Gerard; Roosenboom, Peter
  作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Open University Netherlands; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
  摘要：Today more than ever it is crucial to understand the dynamic and intricate institutional landscape that MNEs operate in. However, the drivers of institutional change are still little understood. We focus on a recent fundamental institutional change: the worldwide switch to International Financial Reporting Standards (IFRS). The switch to IFRS was unexpected and not particularly welcomed by MNEs given that most national accounting systems in the pre-IFRS period were considered to be well aligne...
• A meta-analysis of the exchange hazards-interfirm governance relationship: An informal institutions perspective AI翻译
  作者：Cao, Zhi; Li, Yuan; Jayaram, Jayanth; Liu, Yi; Lumineau, Fabrice
  作者单位：University of Wisconsin System; University of Wisconsin Madison; Tongji University; University of South Carolina System; University of South Carolina Columbia; Shanghai Jiao Tong University; Purdue University System; Purdue University
  摘要：The existing literature is ambiguous on how exchange hazards influence interfirm governance. Drawing on institutional theory, this study revisits this relationship by examining the moderating effects of national culture. By meta-analyzing 167 articles involving 38,183 interfirm relationships in 35 countries, we found support for the moderating effects of three facets of national culture: collectivism, power distance, and uncertainty avoidance. We discuss the implications of the findings for th...
• Host market government corruption and the equity-based foreign entry strategies of multinational enterprises AI翻译
  作者：Sartor, Michael A.; Beamish, Paul W.
  作者单位：Queens University - Canada
  摘要：While extant theory suggests that the pervasiveness of host market government corruption should influence the equity ownership decisions of foreign-investing multinational enterprises (MNEs), empirical research has produced inconclusive results. We leverage insights from transaction cost economics to advance an uncertainty-oriented framework which can be used to explain the impact of host market government corruption on the equity-based entry strategies of MNEs. We disaggregate government corr...