Purpose – This paper aims to study the formation and amplification mechanism of the financial crisis and business cycle and also discuss the related optimal rules for the central bank and government. Design/methodology/approach – This study is developed basically on a simple financial...

Recently published research that attempts to explain the Great Divergence mainly focuses on geography, technological progress, and international trade. However, we do not believe these are its only - or even the most basic - causes. Instead, we submit that the 'social culture' of a country or a...

Purpose Although prior research has highlighted the importance of foreign direct investment (FDI) on a country’s internationalization, it has largely focused on developed countries. As a result, the FDI performance of a developing country, which differs fundamentally from that of developed...

Purpose – The purpose of this paper is to examine how home institutions moderate the influence of internationalization, and the effect this has on the performance of stock-listed Chinese firms. Design/methodology/approach – A sample of 118 stock-listed Chinese firms over the period 2006-2011...

The effect of Outward Foreign Direct Investment (OFDI) on multinational enterprises’ innovation in emerging economies remains controversial. From the perspective of motivational diversification, this study examines the impact of OFDI on a parent company’s innovation performance, using the...