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作者：Brockman, Paul; Rui, Oliver M.; Zou, Huan
作者单位：Lehigh University; China Europe International Business School; Shanghai University of Finance & Economics
摘要：We investigate the association between a firm's political connections and its merger and acquisition (M&A) performance. Using a sample of M&A deals made by politically connected acquirers and their matched non-connected peers across 22 countries, we find that political connections play an economically significant role in post-merger performance. The nature of this effect depends on the institutional setting. In countries with strong legal systems or low levels of corruption, politically connec...
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作者：Makela, Kristiina; Bjorkman, Ingmar; Ehrnrooth, Mats; Smale, Adam; Sumelius, Jennie
作者单位：Aalto University; Hanken School of Economics; University of Vaasa
摘要：This paper examines how functional and line-management stakeholders evaluate operational human resource management capabilities in multinational corporation (MNC) subsidiaries. We suggest that such evaluations are a function of two key structural factors: (1) that focal subsidiary human resource (HR) departments respond differentially to the expectations of differently located stakeholders; and (2) that the structural position of the stakeholder determines what cues he or she relies upon to co...
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作者：Piscitello, Lucia
作者单位：Polytechnic University of Milan
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作者：Belderbos, Rene; Leten, Bart; Suzuki, Shinya
作者单位：KU Leuven; Maastricht University; Maastricht University; Vlerick Business School; National Institute of Science & Technology Policy (NISTEP)
摘要：Despite an increasing internationalization of R&D activities by multinational firms, a major portion of corporate R&D still tends to be concentrated in firms' home countries. We examine the extent to which there exists a home-country bias in the location of R&D activities of 156 major R&D-intensive firms based in Europe, the United States, and Japan during 1995-2002, and develop hypotheses concerning the firm-level determinants of such home-country bias. We define this bias as a share of globa...
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作者：Chang, Sea-Jin; Chung, Jaiho; Moon, Jon Jungbien
作者单位：National University of Singapore; Korea Advanced Institute of Science & Technology (KAIST); Korea University
摘要：This study explores when foreign subsidiaries outperform comparable local firms by evaluating the performance of local firms acquired by multinationals vs continuing local firms. This comparison allows us to single out foreign ownership effects. We employ the propensity score matching method and difference-indifferences approach in order to control for the endogeneity problem inherent in multinational firms' acquisition decisions. We find strong evidence that foreign-acquired local firms outpe...
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作者：Hada, Mahima; Grewal, Rajdeep; Chandrashekaran, Murali
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of British Columbia
摘要：Foreign subsidiaries of multinational corporations (MNCs) rely on external partners, such as channel partners, to achieve global objectives. We conceptualize the subsidiary's channel partner as an extended link of the MNC's internal network: thus, the subsidiary's adaptation and execution of the MNC's global strategies should influence the subsidiary's channel relationship and performance. Building on the strategy environment alignment framework, we study the influence of MNC global strategies...
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作者：Dhanaraj, Charles
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington
