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作者：Mingo, Santiago; Morales, Francisco; Dau, Luis Alfonso
作者单位：Universidad Adolfo Ibanez; University of Colorado System; University of Colorado Boulder; Northeastern University
摘要：Integrating social network theory with the literature on national distance, we examine how the investment strategy followed by a private equity (PE) firm in an emerging market is affected by the interplay between two important types of national distances - institutional and geographic - and the firm's centrality in the regional syndication network. Covering over 5,000 investment transactions, we use a dataset of more than 500 PE firms based in both developed and emerging markets targeting thre...
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作者：Li, Pengfei; Bathelt, Harald
作者单位：Universite de Montreal; HEC Montreal; University of Toronto; University of Toronto
摘要：This article investigates the location strategies of Canadian and Chinese multisite firms in international and domestic investment decisions at the metropolitan level. By integrating research from international business studies and economic geography, we combine knowledge-based understandings of multinational corporations and industrial clusters to develop propositions regarding the location strategies of multisite firms in cluster networks. It is argued that firms from clusters are more likel...
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作者：Hung, Mingyi; Kim, Yongtae; Li, Siqi
作者单位：Hong Kong University of Science & Technology; Santa Clara University
摘要：Motivated by the international business literature that examines the interactions between political forces and business environments, we investigate whether and how political connections affect managers' voluntary disclosure choices. We show that compared to non-connected firms, connected firms issue fewer management earnings forecasts. In addition, relative to non-connected firms, connected firms have a greater increase in the frequency of management forecasts subsequent to the elections that...
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作者：Hernandez, Exequiel; Guillen, Mauro F.
作者单位：University of Pennsylvania
摘要：We review the classic theory of the MNE and past attempts to use it to understand the internationalization of firms from emerging markets. We offer two criteria to determine whether EMNEs modify classic theory or not: (1) establishing appropriate theoretical reference points, and (2) distinguishing between theoretical constructs and empirical variables. We suggest that the literature can benefit from moving beyond comparing EMNEs to DMNEs and focusing instead on more fruitful issues. Specifica...
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作者：Deng, Ziliang; Jean, Ruey-Jer Bryan; Sinkovics, Rudolf R.
作者单位：Renmin University of China; National Chengchi University; University of Manchester; Alliance Manchester Business School; Lappeenranta-Lahti University of Technology LUT; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：Rapid export expansion into institutionally distant locations has become more possible in the era of digital economy. Will such rapid expansion bring desirable outcome to firms? In a context of international new ventures (INVs) from emerging markets, we reconceptualize export expansion speed as the pace of exporting across institutional distance over a certain period of time. We then examine the relationship between rapid export expansion across institutional distance and overall firm performa...
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作者：Gao, Gerald Yong; Wang, Danny Tan; Che, Yi
作者单位：University of Missouri System; University of Missouri Saint Louis; Hong Kong Baptist University; Shanghai Jiao Tong University
摘要：Historical relations between countries bring important explanatory power for foreign direct investment (FDI) decisions, yet little is known on whether a home-host country relation exhibits heterogeneous effects on FDI across the country's subnational regions. In this study, we examine the long-term impact of historical conflict on FDI location choices and performance. Using a sample of 8,646 Japanese FDI in China, we show that civilian casualties in different provinces of China during the Seco...
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作者：Banalieva, Elitsa R.; Cuervo-Cazurra, Alvaro; Sarathy, Ravi
作者单位：Northeastern University
摘要：We analyze how pro-market institutions affect firm performance in emerging markets. Integrating transaction costs and signaling theory, we advance three arguments. First, we separate four dynamic components of pro-market institutions: intensifying and fading pro-market reforms and intensifying and fading pro-market reversals. Second, we propose an asymmetric dynamic view whereby not only intensifying reforms but also fading reversals improve firm performance, while not only fading reforms but ...
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作者：Maseland, Robbert; Dow, Douglas; Steel, Piers
作者单位：University of Groningen; University of Melbourne; University of Calgary
摘要：This Counterpoint investigates the continued relevance of the 30-year-old Kogut and Singh (KS) index of cultural distance. KS was a seminal contribution, highlighting the relevance of cultural differences in IB. However, since then, simplistic replications of the original arguments and index have prevented us from progressing towards a better understanding of how cross-national differences matter. We discuss the mechanisms underlying the construct and how they relate to the algorithm, data, an...
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作者：Xie, Zhenzhen; Li, Jiatao
作者单位：Tsinghua University; Hong Kong University of Science & Technology
摘要：Building on the recombinatory view of innovation and an institutional perspective, this study investigated how the level of institutional development in a firm's home region and the institutional distance between the home and export markets might influence the effectiveness of learning through exporting. For exporters in emerging economies, more support for R&D and better-developed market intermediaries at home were found to enhance the positive effect of exporting on firms' innovation, while ...
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作者：Buckley, Peter J.; Clegg, L. Jeremy; Voss, Hinrich; Cross, Adam R.; Liu, Xin; Zheng, Ping
作者单位：University of Leeds; Xi'an Jiaotong-Liverpool University; BNP Paribas; Sheffield Hallam University
摘要：Our original 2007 Journal of International Business Studies article, The determinants of Chinese Outward Foreign Direct Investment'', was the first theoretically based empirical analysis of the phenomenon. It utilised internalisation theory to explain the internationalisation of Chinese state-owned enterprises. This paper showed that we had failed to ask sufficiently challenging questions about the effects of home country institutions on outward foreign direct investment (OFDI). This Retrospec...
