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作者:Gao, Gerald Yong; Murray, Janet Y.; Kotabe, Masaaki; Lu, Jiangyong
作者单位:University of Missouri System; University of Missouri Saint Louis; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Peking University
摘要:We integrated the resource-, institution-, and industry-based views to investigate the determinants of export propensity and export intensity, and examined performance outcomes of firms' export behaviors using the longitudinal data of 18,644 domestic private enterprises and foreign wholly owned subsidiaries in China from 2001 to 2005. We found that institutional environment has significant effects on export behaviors above and beyond the impact of firm competencies and industry factors. Furthe...
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作者:Boubakri, Narjess; Guedhami, Omrane; Mishra, Dev
作者单位:University of Saskatchewan; Memorial University Newfoundland; University of South Carolina System; University of South Carolina Columbia; Universite de Montreal; HEC Montreal; American University of Sharjah
摘要:Recent research emphasizes that corporate governance becomes critical during economic crises, when the incentives for expropriation of minority shareholders increase. Using the high-profile Asian financial crisis of 1997-1998 and a sample of 566 firms from eight East Asian countries over 1996-1999, we examine the link between family control and agency costs evident in the cost of equity financing for firms. We find that, before the crisis, family control is unrelated to firms' equity financing...
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作者:Bhaumik, Sumon Kumar; Driffield, Nigel; Pal, Sarmistha
作者单位:Aston University; Brunel University
摘要:This paper examines the impact of ownership structures of emerging-market firms, which are shaped by local institutions, on the decision of these firms to undertake outward FDI. Our results suggest that family firms and firms with concentrated ownerships (both ubiquitous in emerging markets) are less likely to invest overseas, and that strategic equity holding by foreign investors facilitates outward FDI. We conclude that organisational forms such as family firms, which are optimal outcomes of...
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作者:Yu, Jisun; Zaheer, Srilata
作者单位:Concordia University - Canada; University of Minnesota System; University of Minnesota Twin Cities
摘要:The strategic transformation of Asian firms into global players has involved the adoption and adaptation of many organizational practices developed in the West. We build a process model of adaptation by observing how an organizational practice is adapted to a local setting different from its locus of origin, through inductive methods and case studies of Six Sigma implementation in Korean and US firms. Based on these cases, we propose a cascading, sequential pattern to the local adaptation of t...
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作者:Zhou, Chaohong; van Witteloostuijn, Arjen
作者单位:University of Antwerp; Utrecht University
摘要:In the current study, expansion of foreign investment in transition economies such as China is analyzed as an organizational selection process in a community ecology setting. Insights from organizational ecology are used to explain how institutional forces constrain ecological processes, together driving the evolution of the population size of foreign-invested enterprises (FIEs), privately held domestic firms, and state-owned domestic organizations. We argue that the variation in the relative ...
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作者:Ramamurti, Ravi
作者单位:Northeastern University
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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 ...
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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 ...
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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 ...