Frontiers of Business Research in China最新文献_第8页

Does Mood Affect the Efficiency of Credit Approval? Evidence from Online Peer-to-Peer Lending 情绪是否影响信贷审批效率?来自在线点对点借贷的证据

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-27 DOI: 10.3868/S070-005-016-0017-1

Yan Li, Sisi Sheng

引用次数: 1

CEO Power, CEO Age and the Policy Instrument Property of State-Owned-Enterprises CEO权力、CEO年龄与国有企业政策工具属性

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-27 DOI: 10.3868/s070-005-016-0018-8

Sheng Zhang, Yuan Li, Jingyu Chen

引用次数: 0

Regime Dependent Sensitivity of Country Exchange Traded Funds to Common Risk Factors 国家交易所交易基金对常见风险因素的制度依赖敏感性

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-27 DOI: 10.3868/S070-005-016-0014-0

Jun Yuan, L. MacLean, Kuan Xu, Yonggan Zhao

{"title":"Regime Dependent Sensitivity of Country Exchange Traded Funds to Common Risk Factors","authors":"Jun Yuan, L. MacLean, Kuan Xu, Yonggan Zhao","doi":"10.3868/S070-005-016-0014-0","DOIUrl":"https://doi.org/10.3868/S070-005-016-0014-0","url":null,"abstract":"If common factors jointly a ect country stock markets, it is an indication of the global stock market integration. Common factors may a ect some markets more/less than other markets, an indication of the degree of the global stock market integration/segmentation. In this paper, we study the intergration of global stock markets based on the returns on exchange traded funds (ETFs) for the U.S., Canada, U.K., Germany, France, Italy, Australia and Japan. The relationship between country ETF returns and common risk factors may be time-varying across countries, and that favors a regime switching (RS) factor model for the dynamics of the country ETF returns. A RS factor model for the relationship between country ETF returns and common risk factors is tted to daily data for period from May 31, 2000 to March 31, 2014. We use the data to test a hierarchy of hypotheses on country ETF returns: (1) common factor exposure across all country ETFs and all regimes; (2) common factor exposure across some country ETFs and all regimes, and (3) common factor exposure across some country ETFs and some regimes. The RS factor model for ETF returns ts the data well and the common factors have variable e ects across countries and over regimes. JEL Codes: C13, C32, G12","PeriodicalId":54175,"journal":{"name":"Frontiers of Business Research in China","volume":"10 1","pages":"385-431"},"PeriodicalIF":4.5,"publicationDate":"2016-09-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70269976","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

The Exploration of Crisis Management Strategies: Looking Back and Ahead 危机管理策略的探索:回顾与展望

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-01 DOI: 10.3868/s070-005-016-0009-8

Tingru Cui, Deliang Wang, J. Ping

引用次数: 3

Resource Acquisition, Internationalization, and the Catch-up Path of Chinese Construction Machinery Champions—The Case of Sany, XCMG, and Zoomlion 资源获取、国际化与中国工程机械龙头企业的追赶之路——以三一、徐工、中联重科为例

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-01 DOI: 10.3868/S070-005-016-0011-9

Gert Bruche, Ying Hong

{"title":"Resource Acquisition, Internationalization, and the Catch-up Path of Chinese Construction Machinery Champions—The Case of Sany, XCMG, and Zoomlion","authors":"Gert Bruche, Ying Hong","doi":"10.3868/S070-005-016-0011-9","DOIUrl":"https://doi.org/10.3868/S070-005-016-0011-9","url":null,"abstract":"This study investigates the internationalization and resource accumulation process of the three largest Chinese construction machinery companies: Sany, XCMG and Zoomlion. It takes a longitudinal approach to analyze the internationalization process of the three companies over the last 25 years. Although the three companies’ paths in the early acquisition of technologies and firm-specific advantages (FSA) differ significantly, however, their internationalization process exhibits similar pattern. They all exploit the same home-country based FSAs in their south-south expansion into other emerging markets, and seem to mimic each other in their strategic moves. In the south-north expansion into advanced economies they skip the export stage and rely almost exclusively on foreign direct investment of both forms, greenfield and M&A, to pursue asset augmenting objectives and overcome their “liability of origin”. The study concludes by discussing several topics of interest, such as the implications of accelerated resource accumulation, the impact on competition with advanced multinationals in the home market or possible effects on the level of state support and risk taking behavior in the internationalization process by the companies’ ownership type.","PeriodicalId":54175,"journal":{"name":"Frontiers of Business Research in China","volume":"10 1","pages":"290-323"},"PeriodicalIF":4.5,"publicationDate":"2016-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"70270089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

The Relation between Abnormal Main Fund Movements and Subsequent Earnings Management: Political Costs and Political Connections 非正常主资金流动与后续盈余管理的关系:政治成本与政治联系

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-01 DOI: 10.3868/S070-005-016-0010-2

Zhe Li, Deming Dai, F. Wang

引用次数: 0

The Global Financial Crisis and Stock Market Reaction to Bank Loan Announcements 全球金融危机及股市对银行贷款公告的反应

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-01 DOI: 10.3868/S070-005-016-0008-1

Ming-Hua Liu, Che Xu

引用次数: 2

Leading in a Highly Competitive Environment: Effects of CEO Confident Leadership on Follower Commitment in China 高度竞争环境下的领导:中国CEO自信型领导对下属承诺的影响

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-01 DOI: 10.3868/S070-005-016-0007-4

P. Fu, Jun Liu, Xiaoli Ji, Su Zhong, Guangtao Yu

引用次数: 0

Midea’s Re-adoption of M-form Structure 美的重新采用m型结构

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-09-01 DOI: 10.3868/s070-005-016-0012-6

Fengbin Wang, Chi Zhang, Chunyan Sun, Zhexiong Tao

引用次数: 0

Regional Guanxi Culture and Entrepreneurs’ Action Logic: A Multilevel Analysis 区域关系文化与企业家行为逻辑:多层次分析

IF 4.5

Frontiers of Business Research in China Pub Date : 2016-04-12 DOI: 10.3868/s070-005-016-0003-6

Xin-chun Li, Wenping Ye, Pengxiang Zhang, Xiao Xiao

引用次数: 0