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作者：Gozubuyuk, Remzi; Kock, Carl Joachim; Uenal, Murat
作者单位：Sabanci University; IE University
摘要：This study explains and tests the effects of country-level institutions on the distribution of centrality rents between two sets of actors in an interorganizational network. Building on the literature on corporate elites, we propose that a cohesive elite following organizational logics other than profit-maximization diverts centrality rents and induces costs on firms, and that macro institutions act as external governance mechanisms to shape this relationship. We develop our theory in the emer...
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作者：Levine, Ross; Lin, Chen; Shen, Beibei
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; University of Hong Kong; Shanghai University of Finance & Economics
摘要：Do cross-country differences in labor regulations shape (1) acquiring firms' announcement returns and post-acquisition profits, costs, and revenues from cross-border deals, (2) the selection of cross-border targets, or (3) the success rates of cross-border offers? We discover that acquiring firms enjoy smaller abnormal returns and post-deal performance gains with targets in stronger labor protection countries; acquirers are more likely to purchase labor-dependent targets in weak labor regulati...
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作者：Siganos, Antonios; Tabner, Isaac T.
作者单位：University of Glasgow; University of Stirling
摘要：This paper demonstrates the effectiveness of voting bias in the Eurovision Song Contest as a means of capturing societal affinity. More than 180 million viewers from more than 40 countries watch the Eurovision Song Contest every year and vote for their favorite songs. Societal affinity between participating countries leads to systematic bias in voting patterns as each song represents a country. Using cross-border mergers as a proxy for international business exchanges, we demonstrate how votin...
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作者：Meyer, Klaus E.; Li, Chengguang; Schotter, Andreas P. J.
作者单位：Western University (University of Western Ontario)
摘要：Multinational enterprise (MNE) subsidiaries abroad are important organizations in their own rights. They typically hold some of the MNE's most critical resources, and operate at the forefront of complex international environments. In this review, we identify and organize theoretical and empirical research on subsidiary management based on over 600 articles in leading academic journals. We develop a conceptual framework that integrates complementary streams of theoretical and empirical research...
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作者：Pedersen, Torben; Larsen, Marcus M.; Dasi, Angels
作者单位：Bocconi University; Copenhagen Business School; BI Norwegian Business School; University of Valencia
摘要：Daniel A. Levinthal has made several important contributions to the fields of strategy and management. His research has been pivotal in enhancing our understanding of interactions between the internal and external contexts that organizations face as well as the roles of experience, search, and learning processes. Despite substantial overlap between the core issues in international business (IB) and Levinthal's work, the IB field has yet to fully embrace key tenets of his research. We aim to br...
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作者：Deng, Ping; Delios, Andrew; Peng, Mike W.
作者单位：University System of Ohio; Cleveland State University; National University of Singapore; University of Texas System; University of Texas Dallas
摘要：The growth of outward foreign direct investment from emerging markets has led to increased scholarly attention on the internationalization of emerging market firms (EMFs). We break from the recent strategic approach on internationalizing EMFs to develop a problematization approach, which permits us to introduce a geographic relational perspective. We use this perspective to highlight process thinking, complex social realities, and relational practice as means by which to better develop theory ...
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作者：Westney, D. Eleanor
作者单位：Massachusetts Institute of Technology (MIT); York University - Canada
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作者：Liu, Chang; Li, Dan
作者单位：Rutgers University System; Rutgers University Newark; Rutgers University New Brunswick; Indiana University System; Indiana University Bloomington; IU Kelley School of Business
摘要：Host-country terrorism poses extreme uncertainty to MNEs' foreign operations. However, little is known about how MNEs respond to host-country terrorist attacks and how they make the related decisions. Drawing on the research on MNEs' responses to exogenous shocks and the inter-firm imitation literature, we argue that MNEs obtain relevant information from peers' actions under terrorist attacks to inform their own responses. Thus, MNEs are more likely to divest under host-country terrorist attac...
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作者：Luo, Yadong
作者单位：University of Miami; Sun Yat Sen University
摘要：Building on Daniel Levinthal's seminal theories on learning, adaptation, and innovation, this article elucidates an adaptive view of organizational learning undertaken by multinational enterprises (MNEs). Levinthal's perspectives have tremendous implications for theorizing and examining processes, pathways, and mechanisms of dynamic learning for MNEs competing in a complex environment. This article extends these perspectives, considering unique organizational traits and environmental character...
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作者：Cumming, Douglas; Lopez-de-Silanes, Florencio; McCahery, Joseph A.; Schwienbacher, Armin
作者单位：State University System of Florida; Florida Atlantic University; University of Birmingham; SKEMA Business School; Universite Cote d'Azur; Tilburg University; Tilburg University; Universite Cote d'Azur; SKEMA Business School
摘要：Loan tranching allows banks to manage risk and facilitate firm financing, which may be essential for firms that cannot access investors from stock markets. We analyze the determinants and benefits of loan tranching by pooling the tranches of individual loans to create the largest cross-country sample of syndicated loans, covering more than 150,000 loans from multinational and domestic firms. We find that, in addition to market, deal, and borrower characteristics, legal and institutional differ...
