2017

最新文章

• Conservatism and international IPO underpricing AI翻译
  作者：Boulton, Thomas J.; Smart, Scott B.; Zutter, Chad J.
  作者单位：University System of Ohio; Miami University; Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
  摘要：We study the impact of country-level accounting conservatism on international IPO underpricing. Examining 13,285 IPOs from 36 countries, we find that IPOs are underpriced less in countries in which existing public firms practice more accounting conservatism. The link between conservatism and underpricing is robust to alternative measures of conservatism, country mean regressions, sample country exclusions, and endogenous treatment models. Consistent with the hypothesis that conservatism reduce...
• When is traditionalism an asset and when is it a liability for team innovation? A two-study empirical examination AI翻译
  作者：Huang, Laura; Gibson, Cristina B.; Kirkman, Bradley L.; Shapiro, Debra L.
  作者单位：University of Pennsylvania; University of Western Australia; North Carolina State University; University System of Maryland; University of Maryland College Park
  摘要：Team innovation requires idea generating and idea implementing. In two studies, we examine how these team activities are affected by the extent to which members value traditionalism - that is, placing importance on preserving old ways of doing things over breaking precedent and forging new approaches. We proposed that higher average levels of team traditionalism would be negatively associated with idea generating but positively associated with idea implementing. Conversely, we proposed the opp...
• Law, finance, and the international mobility of corporate governance AI翻译
  作者：Cumming, Douglas; Filatotchev, Igor; Knill, April; Reeb, David Mitchell; Senbet, Lemma
  作者单位：York University - Canada; City St Georges, University of London; Vienna University of Economics & Business; State University System of Florida; Florida State University; National University of Singapore; University System of Maryland; University of Maryland College Park; African Economic Research Consortium (AERC)
  摘要：We introduce the topic of this Special Issue on the Role of Financial and Legal Institutions in International Governance, with a particular emphasis on a notion of international mobility of corporate governance. Our discussion places the Special Issue at the intersection of law, finance, and international business, with a focus on the contexts of foreign investors and directors. Country-level legal and regulatory institutions facilitate foreign ownership, foreign directors, raising external fi...
• How foreign language affects decisions: Rethinking the brain-drain model AI翻译
  作者：Hadjichristidis, Constantinos; Geipel, Janet; Surian, Luca
  作者单位：University of Trento; University of Leeds; Vrije Universiteit Amsterdam; University of Trento
  摘要：Volk, Kohler, & Pudelko (JIBS 45: 862-885, 2014) propose that foreign language use depletes cognitive resources, thus hindering individual decision making and self-regulation. The present commentary highlights studies showing that foreign language use can also improve decision making and self-regulation. We propose that these benefits derive from two psychological factors. The first concerns the timing of cognitive depletion. Foreign language use involves an increase of memory load in the earl...
• Creditor rights, claims enforcement, and bond performance in mergers and acquisitions AI翻译
  作者：Renneboog, Luc; Szilagyi, Peter G.; Vansteenkiste, Cara
  作者单位：Tilburg University; Central European University; University of Cambridge
  摘要：This article shows that country-level differences in creditor protection affect bond performance around cross-border M&A announcements. Using Eurobonds and a global sample of 1,100 cross-border M&As, we find that the bondholders of bidding firms respond more positively to deals that expose their firm to a jurisdiction with stronger creditor rights and more efficient claims enforcement through courts. Positive creditor protection spillovers are enhanced by now-global jurisdictional cooperation ...
• Dodging bullets: The heterogeneous effect of political violence on greenfield FDI AI翻译
  作者：Witte, Caroline T.; Burger, Martijn J.; Ianchovichina, Elena I.; Pennings, Enrico
  作者单位：Copenhagen Business School; Tinbergen Institute; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; The World Bank
  摘要：The relationship between political violence and greenfield foreign direct investment is contingent on the type of violence, the characteristics of the investment-receiving sector, and the international scope of the investing firm. Analysis using a dynamic fixed effects model for a panel of 90 developing countries shows that nationwide political conflict is negatively associated with total and nonresource-related greenfield FDI, but not with resource-related greenfield FDI. The insensitivity of...
• A retrospective on Culture's Consequences: The 35-year journey AI翻译
  作者：Kirkman, Bradley L.; Lowe, Kevin B.; Gibson, Cristina B.
  作者单位：North Carolina State University; University of Auckland; University of Western Australia
  摘要：Our 2006 Journal of International Business Studies article, A Quarter Century of Culture's Consequences: A Review of the Empirical Research Incorporating Hofstede's Cultural Values Framework,'' provided a comprehensive review of 180 empirical journal articles and edited volume chapters published between 1980 and June 2002 that incorporated Hofstede's cross-cultural values framework. We examined empirical research that positioned culture as either a main or moderating effect. The review attempt...
• Institutional fragility and outward foreign direct investment from China AI翻译
  作者：Shi, Weilei Stone; Sun, Sunny Li; Yan, Daying; Zhu, Zhu
  作者单位：City University of New York (CUNY) System; Baruch College (CUNY); University of Missouri System; University of Missouri Kansas City; Nankai University; Montclair State University
  摘要：We develop the concept of institutional fragility to investigate the outward foreign direct investment (OFDI) behavior of firms from emerging economies. When different dimensions of institutions are not progressing at the same pace, internal friction and conflict arise during institutional development. Such fragility could push a firm to escape its home country as a strategic response. Using a sample of 578,360 Chinese firm-year observations over a 10-year period, we find that institutional fr...
• The past is prologue: Moving on from Culture's Consequences AI翻译
  作者：Devinney, Timothy M.; Hohberger, Jan
  作者单位：University of Leeds; University of Technology Sydney
  摘要：In this article, we examine the theoretical and empirical understanding of culture within the international business discipline post the publication of Kirkman, Lowe, & Gibson, (2006). In their paper, Kirkman et al. (2006) provide a comprehensive retrospective on the impact of Hofstede's seminal publication, Culture's Consequences. In addition to looking at what followed on from Hofstede, they laid out a research program they believed was necessary to move the study of culture forward. Unfortu...
• Explicit versus implicit country stereotypes as predictors of product preferences: Insights from the stereotype content model AI翻译
  作者：Diamantopoulos, Adamantios; Florack, Arnd; Halkias, Georgios; Palcu, Johanna
  作者单位：University of Vienna; University of Vienna
  摘要：Drawing on the stereotype content model (SCM), we investigate the impact of both explicit and implicit country stereotypes on consumer preferences. In Study 1, we show that the competence dimension of the SCM (measured both explicitly and implicitly) drives purchase intention by positively influencing brand affect. In Study 2, we disentangle further the role of explicit and implicit stereotypes and show that explicit judgments of country competence are better predictors of deliberate consumer ...