This study explores when foreign subsidiaries outperform comparable local firms by evaluating the performance of local firms acquired by multinationals vs continuing local firms. This comparison allows us to single out foreign ownership effects. We employ the propensity score matching method and...

This study proposes necessary modifications to the existing internationalization–performance relationship to meet the idiosyncrasies of China-specific contexts. We first hypothesize an S-shaped internationalization–performance relationship as the baseline and then investigate the moderating...

Using the data obtained from a theme park, this study assesses the effect of rain on the behavior of theme park visitors. The study proposes a new method for identifying the effects of weather by modeling theme park consumer behavior based on a two-stage decision-making process: In the first...

How much does it pay to be socially responsible? In order to answer this question, we combined two components from two different streams of business scholarship. We employed the KLD SOCRATES Social Ratings database as our measure of corporate social performance (CSP), and we applied Carhart's...

This paper provides an empirical investigation of the hypothesis that companies engage in corporate social responsibility (CSR) in order to offset corporate social irresponsibility (CSI). We find general support for the causal relationship: when companies do more "harm," they also do more...

The weak enforcement and monitoring systems employed in China (e.g., insufficient inspection resources and negligible fines for noncompliance) are widely blamed for the growing unrest over food safety in the country. Given this development, we consider a model where quality inspection performed...