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作者:Cumming, Douglas; Walz, Uwe
作者单位:York University - Canada; Goethe University Frankfurt
摘要:To obtain more funds from the institutional investors, private equity (PE) fund managers may report inflated valuations of private investee companies that are not yet sold. However, such overvaluations may result in a reputational cost when those investments are realized. Using evidence from 39 countries, we show that there are significant systematic biases in managers' reporting of fund performance. We find that these biases depend on the accounting and legal environment in a country, and on ...
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作者:Diamantopoulos, Adamantios; Papadopoulos, Nicolas
作者单位:University of Vienna; Carleton University
摘要:The importance of establishing equivalence in measurement prior to conducting substantive cross-country comparisons has long been emphasized in international business research. However, all approaches currently available for the investigation of measurement equivalence or invariance (ME/I) assume that the focal measures are reflective in nature. In our paper we offer guidelines for the assessment of ME/I when the focal construct is measured with formative indicators. We first identify distinct...
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作者:Malhotra, Namrata; Hinings, C. R. (Bob)
作者单位:Imperial College London; University of Alberta
摘要:We propose an organizational model for understanding internationalization processes. We argue that these processes differ with the type of organization. We compare the internationalization processes of three organization types: the mass production organization; the disaggregated production organization; and the project-based organization. Each organization type responds differently to critical elements of the internationalization process, namely, the focus of entry, the degree of presence and ...
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作者:Liu, Xiaohui; Lu, Jiangyong; Filatotchev, Igor; Buck, Trevor; Wright, Mike
作者单位:Loughborough University; Peking University; City St Georges, University of London; University of Nottingham
摘要:Using panel data analysis, this paper investigates the impact of returnee entrepreneurs, foreign direct investment (FDI) intensity and inter-firm employee mobility on innovation in Chinese high-tech firms. International technology spillovers and internal R&D efforts are found to jointly determine the innovation performance of Chinese high-tech firms, and we report that the presence of returnee entrepreneurs positively affects innovation. In addition, there are significant knowledge spillover e...
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作者:Shinkle, George A.; Kriauciunas, Aldas P.
作者单位:Purdue University System; Purdue University
摘要:We consider the influence of economic institutions on firm performance by examining how size and age are related to export growth under different levels of free-market institutional development. Using a multi-country sample of Central and Eastern European firms, we test our predictions that size and age will have a positive diminishing relationship with export growth in transitional economies, but a U-shaped relationship in less advanced transitional economies. We find significant relationship...
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作者:Bresman, Henrik; Birkinshaw, Julian; Nobel, Robert
作者单位:University of London; London Business School; Stockholm School of Economics
摘要:This paper reports on a multimethod study of knowledge transfer in international acquisitions. Using questionnaire data we show that the transfer of technological know-how is facilitated by communication, visits & meetings, and by time elapsed since acquisition, while the transfer of patents is associated with the articulability of the knowledge, the size of the acquired unit, and the recency of the acquisition. Using case study data, we show that the immediate post-acquisition period is chara...
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作者:Tsui-Auch, Lai Si; Moellering, Guido
作者单位:Nanyang Technological University; Max Planck Society
摘要:Vulnerability is salient among international managers, who tend to be wary when operating in transition economies like China. Systematic research is lacking, though, on how the local environment influences foreign managers' perception of vulnerability, and how foreign managers can develop trust even when their perceived vulnerability is high. We conducted in-depth case studies of two foreign-controlled enterprises in China, and developed a theoretical model that links perceptions of the macro-...
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作者:Dou, Wenyu; Li, Hairong; Zhou, Nan; Su, Chenting
作者单位:City University of Hong Kong; Michigan State University
摘要:Extending the perspective of agency theory, this study incorporates both professional and local knowledge asymmetry into a model of relationship satisfaction between global professional service firms and their local clients. The model also includes learning orientation and adaptation that are theorized to regulate the impact of knowledge asymmetry on goal incongruence, which ultimately affects relationship satisfaction. China was selected as the setting of the study because it is the largest e...
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作者:Zhou, Kevin Zheng; Poppo, Laura
作者单位:University of Kansas; University of Hong Kong
摘要:Building on institutional and transaction cost economics, this article proposes that legal enforceability increases the use of contract over relational reliability (e. g., beliefs that the other party acts in a non-opportunistic manner) to safeguard market exchanges characterized by non-trivial hazards. The results of 399 buyer-supplier exchanges in China show that: (1) when managers perceive that the legal system can protect their firm's interests, they tend to use explicit contracts rather t...
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作者:Eden, Lorraine