Using a uniquely selected family-firm data set, we show that Chinese family firms are, on average, more valuable than nonfamily firms, and that their superior performance can be explained in part by their political connections. Chinese family firms in which the chairperson or CEO is politically...

This paper aims to analyze the mobilization efficiency of venture capital (VC) in China. It has been found that the dearth of venture capitalists, absence of appropriate exit channels, and lack of open, active, mature, and stable equity-driven capital markets result in low mobilization...

Using data from companies listed on the Growth Enterprise Market (GEM) from 2009 to 2010, this article investigates the effect of venture capital firms on initial public offering (IPO) underpricing. The empirical results suggest that venture capital firms have a limited and weak role in...

This paper studies the impact on project duration of different forms of over-confidence among general contractors executing such projects, in the context of retail apparel franchises. It goes on to consider the design of relevant incentives and, in particular, a compensation mechanism included...

This paper uses a 3 factor – 4 region – 15 sector computable general equilibrium model to study the impact of FDI accruing to China. We focus on the sectors of Electronics, Machinery and Textiles which account for 55.4% and 40% of Chinese overall exports and imports, respectively. Our data...

Many service providers, such as restaurants, are selling their gift cards through independent retailers. We analyze a supply chain of a service provider who sells products and gift cards at face value at its locations. The service provider also sells its gift cards through a retailer. Consumers...

This paper considers a parking competition game where a finite number of vehicles from different origins compete for the same number of parking spaces located at various places in a downtown area to minimize their own parking costs. If one vehicle reaches a desired vacant parking space before...

This paper analyzes several effects of FDI accruing to Textiles, Chemicals, Electronics and Machinery in China. Though the four sectors have contrasting production technologies and vary largely in trade patterns, the related Chinese exports and imports still follow a general trend: East Asia and...

Taking an interactional approach, we hypothesized that (a) there is an interaction between empowering leadership, uncertainty avoidance, and trust that affects creativity, such that empowering leadership has the strongest positive relationship with creativity when the employees have high levels...

Using a sample of 21,608 firm-years from 34 countries during 1998–2004, this study evaluates the impact of voluntary adoption of the International Financial Reporting Standards (IFRS) on a firm’s implied cost of equity capital. We find that the implied cost of equity capital is significantly...