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作者：Tong, Tony W.; Reuer, Jeffrey J.
作者单位：University of Colorado System; University of Colorado Boulder; Purdue University System; Purdue University
摘要：Recent international business research on international joint ventures focuses on how firms can use such ventures for knowledge access and learning to enhance their competitiveness, thereby increasing competition in the industry. By contrast, research in industrial organization economics has observed that firms can also use joint ventures in various ways to attenuate competition. In this paper, we join these two streams of research to investigate the conditions under which joint ventures reduc...
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作者：Sawant, Rajeev J.
作者单位：Tufts University
摘要：In this paper a theoretical framework is developed to explain why multinational enterprises invest in infrastructure through the mode of project finance (PF) instead of using corporate finance. Infrastructure assets are susceptible to creeping expropriation from host governments, and to hold-up from concentrated suppliers/buyers. Corporate finance-based foreign direct investment (FDI) cannot fully mitigate these threats. However, PF-based FDI through strategic use of capital structure-chiefly ...
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作者：Chen, Shih-Fen S.
作者单位：Western University (University of Western Ontario); University Western Ontario Hospital
摘要：In this study I propose a general transaction-cost economics (TCE) model of international business institutions, in which cross-border transactions can be conducted at multiple market levels (e. g., output, asset, and equity), and the buyer-seller relationship can go both ways (A sells to B, and B sells to A). This general model addresses two major gaps in the literature. First, although market failure is the driving force behind the rise of multinational enterprises (MNEs), most researchers h...
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作者：Slangen, Arjen H. L.; Beugelsdijk, Sjoerd
作者单位：University of Amsterdam; University of Groningen
摘要：Prior studies have shown that institutional hazards in the form of formal governance deficiencies and informal cultural distance are both negatively related to the amount of foreign multinational activity in countries. We argue that the strength of these negative relationships varies systematically with the type of foreign activity (horizontal or vertical) and the type of institutional hazard (governance or cultural). Because institutional hazards striking vertical affiliates generally also ha...
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作者：Ke, Dongmin; Ng, Lilian; Wang, Qinghai
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; Kean University; University System of Georgia; Georgia Institute of Technology
摘要：We analyze the US equity holdings of more than 3000 non-US-based mutual funds from 22 countries and find robust evidence that fund managers strongly prefer to invest in stocks of US firms that have presence in their home country. This home bias is independent of the degree of global involvement and visibility of these US firms. While these firms have significantly greater exposure to local equity markets, their local presence offers little information advantage to local fund managers. Our find...
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作者：Nebus, James; Rufin, Carlos
作者单位：University of North Carolina; University of North Carolina Charlotte; Suffolk University
摘要：Participants in international bargaining include different types (nation states, MNEs, NGOs, and multilateral organizations) and different numbers of these actors. Our theoretical contribution is to extend the bargaining power paradigm with a framework that models bargaining in this complex environment as a network. The configuration of supports and constraints among all participating actors in the bargaining environment is captured in the structure of the network. Antecedents of an actor's ba...
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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-...
