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作者：Tang, Yinuo; Bu, Juan; Wang, Danqing; Shi, Weilei
作者单位：Peking University; Peking University Shenzhen Graduate School (PKU Shenzhen); Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Hong Kong University of Science & Technology
摘要：The intensifying rivalry between major global economies highlights the need to better understand the politicized nature of international business. This study introduces a new political factor-community political ideology (i.e., the dominant political ideology along the liberalism-conservatism spectrum among a community's members)-and examines its influences on cross-border M&As between countries that are deemed as economic and political rivals. Building on the literature on political ideology ...
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作者：Choi, Nicole; Donker, Han; Fedenia, Mark; Nofsinger, John R.
作者单位：University of Wyoming; Central Washington University; University of Wisconsin System; University of Wisconsin Madison; University of Alaska System; University of Alaska Anchorage
摘要：This study investigates how institutional investors approach multinational companies (MNCs) with ties to tax havens by analyzing their ownership patterns. Leveraging quarterly holdings data from over 15,000 investors spanning 90 countries and more than 20,000 MNCs, we uncover that institutional ownership is noticeably higher for firms incorporated in tax havens compared to those merely operating subsidiaries there. Investors are especially drawn to the tax rate differential between a firm's in...
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作者：Yu, Xin; Guo, Shijun; Zhang, Zhou
作者单位：University of Queensland; Chongqing University; University of Regina
摘要：Drawing on the rice theory, which links rice cultivation to collectivist cultures, we investigate whether regional collectivist culture affects corporate social responsibility (CSR). We find that Chinese firms in regions with stronger collectivist cultures exhibit higher CSR performance and charitable donations. This relationship is robust across multiple identification strategies, including a quasi-natural experiment using the 2008 Sichuan earthquake and an analysis of firms along the rice-wh...
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作者：Chen, Qingqing; Xiao, Hong Yu
作者单位：University of Texas System; University of Texas Dallas; Bank of Canada
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作者：Clerckx, Robin John; Grimpe, Christoph; Leten, Bart; Vancauteren, Mark
作者单位：KU Leuven; Hasselt University; Copenhagen Business School; Hasselt University
摘要：Offshoring is a central strategy through which firms reorganize their global operations, yet little is known about its unintended consequences for mental distress among onshore employees. Integrating the Transactional Theory of Stress and Coping with the offshoring literature, we theorize that offshoring elevates mental distress, as the event is perceived as a threat that is difficult to cope with. We further argue that the effect is not uniform but depends on conditions that amplify the perce...
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作者：Fu, Renhui; Gao, Fang; Wang, Yanhui; Zhang, Bohui
作者单位：Shanghai Jiao Tong University; Donghua University; Dongbei University of Finance & Economics; The Chinese University of Hong Kong, Shenzhen
摘要：Limited evidence exists on the real effects of bond market liberalization, particularly on corporate investment behavior. This study examines the impact of bond market liberalization on corporate investment, exploiting the 2017 launch of China's Bond Connect-which allows foreign investors to directly participate in the interbank bond market-as a quasi-natural experiment that increases firms' exposure to foreign debtholders. Using a difference-in-differences design, we find that bond market lib...
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作者：Khurana, Inder K.; Zhong, Rong Irene
作者单位：University of Missouri Columbia; University of Missouri System; University of Missouri Columbia; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：In a global economy prone to demand shocks, firms increasingly rely on implicit contracts to stabilize employment. We investigate whether financial statement comparability strengthens these contracts by enabling employees to benchmark their firm's performance against that of peers, facilitating mutual risk sharing. Using firm-level data from 44 countries, we find that higher comparability reduces layoffs during downturns and tempers aggressive hiring during upturns, consistent with balanced la...
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作者：Cumming, Douglas; Nguyen, My; Pham, Anh Viet; Samarasinghe, Ama
作者单位：Stevens Institute of Technology; Royal Melbourne Institute of Technology (RMIT); Royal Melbourne Institute of Technology (RMIT)
摘要：We examine the role of cybercrime legislation globally in shaping the stability of the banking system. We compile a novel dataset covering the enactment of cybercrime legislation in 132 developed and developing countries to test this research question empirically. We find that the enactment of cybercrime laws enhances the stability of the banking sector. This key finding holds across a comprehensive suite of robustness tests, including alternative measures of bank stability and model specifica...
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作者：Conroy, Kieran M.; Collings, David G.
作者单位：Queens University Belfast; Trinity College Dublin
摘要：Managers' identities in large matrixed MNE structures are complex and pliable. While research has examined the identities of individual actors located in headquarters (HQ) or local subsidiaries, the unique identity challenges faced by those operating outside these conventional units are less predictable. Our study explores how managers experience and manage a 'liminal identity'-feeling 'betwixt and between' multiple identity positions. Focusing on US MNEs in the life sciences sector, we interv...
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作者：Foroughi, Hamid; Vazquez-Brust, Diego; Yakovleva, Natalia; de Castro Souza Piao, Roberta; Bonsu, Samuel; Rao-Nicholson, Rekha
作者单位：University of Warwick; University of Portsmouth; Kedge Business School; Universidade de Sao Paulo; University of Essex
摘要：Governments push firms to internationalize not only through diplomacy and material incentives but also by shaping the environment in which investors, host governments, and local communities form judgments about cross-border opportunities. We conceptualize this process as government-pushed internationalization and examine how, in the Brazilian case (2003-2015), historical narratives became a central instrument for pursuing such strategies-and ultimately contributed to their failure. Drawing on ...
