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作者：Oetzel, Jennifer; Getz, Kathleen
作者单位：American University; Loyola University Chicago
摘要：The aim of this study is to investigate factors - specifically stakeholder pressures - that may affect the likelihood that firms will respond to violent conflict. Survey and archival data on respondents from 471 multinational and local firms operating in 80 countries were used to explore these issues. Key findings include: (1) local stakeholder pressure is associated with the likelihood that firms will respond directly to violent conflict, collaborating with other organizations or working alon...
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作者：Shi, Yaqi; Magnan, Michel; Kim, Jeong-Bon
作者单位：Western University (University of Western Ontario); University Western Ontario Hospital; Concordia University - Canada; City University of Hong Kong
摘要：This paper explores the likelihood and consequences of voluntary disclosure (proxied by management earnings forecasts) for a sample of 1005 cross-listed firms in the US from 40 countries over the period 1996-2005. Our study is grounded in a three-tiered conceptual framework that relies on insights from and implications of institutional theory, agency theory and bonding theory to explain the costs and benefits associated with voluntary disclosure. Consistent with institutional theory and agency...
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作者：Jordan, Steven J.
摘要：Long-term reversals (LTRs) have been extensively documented as existing in international markets. The predictability of returns opens the question whether investors should continue to diversify across international markets. Such predictability also has implications for the corporate decision of where and when to raise capital. This paper re-examines the international evidence for long-term contrarian profits using a longer time horizon than all previous studies (81 years of data from 1925 to 2...
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作者：Bell, R. Greg; Filatotchev, Igor; Rasheed, Abdul A.
作者单位：City St Georges, University of London; Vienna University of Economics & Business; University of Texas System; University of Texas Arlington
摘要：The accelerating pace of global capital market integration has provided new opportunities for firms to raise capital abroad through global debt issues, cross-listings, and initial public offerings in foreign stock exchanges. However, existing empirical evidence suggests that foreign firms tend to be at a disadvantage compared with domestic firms, and they often suffer from investors' home bias. The objective of this paper is to understand why firms are facing problems when accessing capital in...
