When there is insufficient internal and external impetus for developing countries' economy, building a domestic and international dual circulation is conductive to promoting the regional industrial growth. On the basis of regional embedded international input-output tables, this paper extends...

We examine the valuation of ADR IPOs and find that they are valued similarly to U.S. domestic IPOs but significantly higher than U.S. seasoned firms. This higher valuation is not caused by differences in firm size, growth opportunity, profitability, listing exchange, diversification benefit,...

Non‐profit organizations in emerging markets frequently have to manage relations with governments and for‐profit firms. We advance a multi‐stakeholder perspective and develop propositions about how the political ties of charities influence their success in raising funds from corporate...

Non-profit organizations (NPOs) help the state achieve its social objectives. At the same time, they often depend on the private-sector actors for donations. The different beliefs of public- and private-sector actors regarding which practices are desirable for NPOs can affect the transparency of...

Instrumental stakeholder theory seeks to explain how managing stakeholders effectively can yield competitive advantage for incumbent firms. We extend instrumental stakeholder theory to explain and predict future competition operationalized as new entrepreneurial entries. Our study is among the...

We examine organizational ingenuity within the paradox of embedded agency where organizational stakeholders are constrained in their behaviors by institutions, yet also influence and change these institutions. In this study organizational ingenuity represents the agency component and...