We study the efficiency of internal capital markets at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital flows, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...

We study the efficiency of internal capital markets at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital flows, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...

This paper explores two key research questions: (1) what are the growth trends of international research and development (R&D) collaborations in China; and (2) what factors determine the choice of international R&D alliance objectives in terms of a research or development orientation? It examines...

This paper examines the influence of institutional transitions and market opportunities in emerging economies on the internationalization of entrepreneurial firms from these economies. We conceptualize and examine a three-stage model of institutional transition in emerging economies, and their...

Research on deviant organizational practices has demonstrated that normative and cognitive institutional forces contribute to making deviance acceptable. Data from a survey of 3,751 Chinese firms were applied to test the idea that a clearly articulated alternative identity is necessary if a firm...

We explore the comparative business failures of foreign-owned or controlled firms and domestically owned firms. Original data are collected regarding foreign-controlled firms in the U.S. that filed for bankruptcy protection, were involuntarily liquidated or ceased operations mainly due to poor...

In this study we empirically investigate the determinants of foreign direct investment of service multinationals based in the “triad” regions: Japan, Western Europe and North America. Foreign investment decisions of 168 of the largest service firms in nine service industries over the period...