-
作者:Danis, Wade M.; Chiaburu, Dan S.; Lyles, Marjorie A.
作者单位:University System of Georgia; Georgia State University; Texas A&M University System; Texas A&M University College Station; Mays Business School; Indiana University System; IU Kelley School of Business; Indiana University Indianapolis
摘要:Varying institutional environments provide the foundation for a great deal of international business research, yet relatively little empirical work has examined the determinants of small and medium-sized enterprise (SME) growth during institutional upheaval, although the importance of SME development for economic transition and growth is widely acknowledged. Our paper addresses this gap in the literature by examining how the competitive strategies of SMEs evolve during institutional transition...
-
作者:Colantone, Italo; Sleuwaegen, Leo
作者单位:KU Leuven; KU Leuven; Vlerick Business School; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要:This paper examines the impact of globalisation, by means of growing international trade, on firm entry and exit at the industry level. The analysis is carried on the manufacturing industries of eight European countries, over the period 1997-2003. Our main findings suggest important entry-discouraging effects in the short run, following increased trade exposure. Using panel estimation techniques, the empirical evidence points to less creative replacement entry in industries characterised by su...
-
作者:Ramamurti, Ravi
作者单位:Northeastern University
-
作者:Boulton, Thomas J.; Smart, Scott B.; Zutter, Chad J.
作者单位:University System of Ohio; Miami University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要:It is well established that a link exists between a country's legal system and the size, liquidity, and value of its capital markets. We study how differences in country-level governance affect the underpricing of initial public offerings (IPOs). Examining 4462 IPOs across 29 countries from 2000 to 2004, we find the surprising result that underpricing is higher in countries with corporate governance that strengthens the position of investors relative to insiders. We conjecture that when countr...
-
作者:Chen, Dong; Paik, Yongsun; Park, Seung Ho
作者单位:Loyola Marymount University
摘要:In international joint ventures (IJVs), partner firms exert three types of management control: output, process, and social. Since management control critically influences IJV success, it is essential to understand what factors drive the development of the control system. Prior studies have focused mainly on IJVs' internal conditions, and have largely neglected external institutional influences on IJV control. In this study we explore how host-country policies affect MNE partners' control over ...
-
作者:Gubbi, Sathyajit R.; Aulakh, Preet S.; Ray, Sougata; Sarkar, M. B.; Chittoor, Raveendra
作者单位:York University - Canada; Indian Institute of Management (IIM System); Indian Institute of Management Calcutta; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Indian School of Business (ISB)
摘要:While overseas acquisitions by emerging-economy firms are gaining increased attention from the business press, our understanding of whether and why this inorganic mode of international expansion creates value to acquirer firms is limited. We argue that international acquisitions facilitate internalization of tangible and intangible resources that are both difficult to trade through market transactions and take time to develop internally, thus constituting an important strategic lever of value ...
-
作者:Lu, Yuan; Zhou, Lianxi; Bruton, Garry; Li, Weiwen
作者单位:Chinese University of Hong Kong; Brock University; Texas Christian University
摘要:This study investigates an under-researched topic: the relationships between capabilities, resources, and international performance among entrepreneurial firms in an emerging economy. We combine the resource-based view of the firm and the capability-building perspective of rent creation to shed light on the crucial role of firm-specific capabilities that transform key resources into performance outcomes. Employing a large sample of Chinese entrepreneurial firms, our investigation demonstrates ...