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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...
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作者：Taussig, Markus
作者单位：National University of Singapore
摘要：While international business research traditionally portrays foreignness as a liability for dealing with local market idiosyncrasies, this paper argues that it can regularly shift back and forth between being an asset and a liability. Key to this argument is the fact that the performance of a firm in a particular host country can be importantly shaped not only by activities aimed at accessing key external resources in local markets, but also by those targeting resources in global markets. When...
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作者：Qi, Yaxuan; Roth, Lukas; Wald, John
作者单位：City University of Hong Kong; University of Alberta; University of Texas System; University of Texas at San Antonio
摘要：We examine how legal creditor rights are related to debt financing and corporate investment over the business cycle. Using firm-level data from 40 countries, we find that creditor rights are associated with greater debt financing and investment during economic downturns, but creditor rights have a significantly smaller effect during expansions. The beneficial effects of creditor rights during recessions are stronger for firms that are more likely to have severe shareholder-bondholder agency pr...
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作者：Reuber, A. Rebecca; Dimitratos, Pavlos; Kuivalainen, Olli
作者单位：University of Toronto; University of Glasgow; Lappeenranta-Lahti University of Technology LUT; University of Manchester; Alliance Manchester Business School
摘要：Categorizations emphasizing the earliness of internationalization have long been a cornerstone of international entrepreneurship research. Here we contend that the prominence of categories has not been commensurate with theory development associated with them. We draw on categorization theory to explain why earliness-based categories are persistent, and argue that a greater focus on notions related to opportunity can open new avenues of research about the entrepreneurial internationalization o...
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作者：Giambona, Erasmo; Graham, John R.; Harvey, Campbell R.
作者单位：Syracuse University; Syracuse University; Duke University; National Bureau of Economic Research
摘要：We explore a long-standing prediction in the international business literature that managers' subjective perceptions of political risk - not just the level of risk - are important for how firms manage political risk. The importance attributed to political risk by corporate executives has increased over the last 15 years and our results show that political risk is now considered more important than commodity (input) risk. Our analysis suggests that nearly 50% of firms avoid (not simply reduce) ...
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作者：Devinney, Timothy M.; Hohberger, Jan
作者单位：University of Leeds; University of Technology Sydney
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作者：Chandra, Yanto
作者单位：City University of Hong Kong
摘要：This article investigates two important research gaps in international business (IB): how entrepreneurs evaluate international entrepreneurial opportunities (IEOs) and the role of time in the evaluation process. Drawing on the literature on decision-making models and the philosophical foundation of opportunity, this study employs Gioia's methodology and content analysis to examine how the founders of 15 early-internationalizing firms evaluated IEOs in the early- and late-stage of international...
