How Do Entry Motives and Institutions Influence the Acquisition Strategies of Multinationals in Foreign Markets? Lessons from Acquisitions of Finnish Multinationals in Global Markets

When acquiring foreign targets, multinationals have an option for partial acquisition, staged acquisition, and full acquisition. This study seeks to understand how the motives of market entry and institutions influence these acquisition strategies in foreign markets. By integrating OLI paradigm and institutional theory with an empirical case study of seven acquisitions of Finnish multinationals in global markets, the study finds that the motives of market entry (i.e., market-seeking, efficiency-seeking, strategic-asset-seeking motives) interact with host country institutions in influencing the choice of partial, staged, and full acquisitions. The study also develops six propositions and recommends areas for future research.     

Exploring knowledge management to organizational performance outcomes in a transitional economy

The Eastern European Economies offer many major business opportunities but due to the transitional nature of their economies, these are highly complex and fraught with the socialist cultural disposition. There is a dearth of research into the nature of these opportunities/complexities, especially in regard to knowledge management and subsequent organizational outcomes. Our study of firms in Croatia suggests that knowledge management positively affects organizational outcomes of firm innovation, product improvement and employee improvement. Moreover, our empirical research illustrates the importance of the management of knowledge and not just the presence of knowledge as our model results indicate insignificant results between employee knowledge-based capability and the organizational outcomes.     

并购与种子产业发展

并购是现代经济史上一个十分突出的现象,现代种子产业的发展就是一部种子企业的并购史。从微观层次上看,并购是企业发展和追逐利润的内在要求,是实现企业扩张和资本集中的快速有效形式,从宏观层次看,是产业结构调整,合理配置资源的手段。从并购这一企业行为对市场结构和产业发展影响的角度,对世界种子产业发展中的并购过程和并购效应进行实证分析,证实了国际种子产业的并购实践对现阶段国内种子产业的借鉴意义。     

资本并购对黑龙江省企业核心竞争力提升的探讨

培育和提升企业核心竞争力是企业保持可持续竞争优势的关键性因素,资本并购能快速提升企业的核心竞争力。目前在振兴东北老工业基地战略的有利形势下,黑龙江省企业的资本并购呈现出自身的特点,企业和政府都应该转变观念,抓住发展机遇,进而提升黑龙江省企业的核心竞争力,加快黑龙江省经济的发展。     

跨国公司在华增资扩股的实现机制——一个基才知识获取与谈判力量变迁的分析模型

越来越多的合资或合作企业在华经营数年后，通过增资扩股，转变为母公司控股型合资企业甚至是独资企业。针对跨国公司在华增资扩股的实现机制问题。文章在理论研究的基础上，提出了一个基于知识获取与谈判力量变迁的分析模型，并进一步探讨了影响外方合伙人知识获取以致谈判力量变迁的主要因素。     

Constraint-based Ontology Induction from Online Customer Reviews

We present an unsupervised, domain-independent technique for inducing a product-specific ontology of product features based upon online customer reviews. We frame ontology induction as a logical assignment problem and solve it with a bounds consistency constrained logic program. Using shallow natural language processing techniques, reviews are parsed into phrase sequences where each phrase refers to a single concept. Traditional document clustering techniques are adapted to collect phrases into initial concepts. We generate a token graph for each initial concept cluster and find a maximal clique to define the corresponding logical set of concept sub-elements. The logic program assigns tokens to clique sub-elements. We apply the technique to several thousand digital camera customer reviews and evaluate the results by comparing them to the ontologies represented by several prominent online buying guides. Because our results are drawn directly from customer comments, differences between our automatically induced product features and those in extant guides may reflect opportunities for better managing customer-producer relationships rather than errors in the process.     

Acquiring financial resources from foreign equity capital markets: An examination of factors influencing foreign initial public offerings

An increasing number of firms are making initial public offerings in foreign markets to circumvent constraints in the availability of capital and to provide an exit for their investors. However, previous research on foreign initial public offerings and their determinants is very limited. In this paper, we contribute to this literature by demonstrating that international experience of the management team and pre-IPO ownership by foreign investors are positively related to foreign initial public offerings. We test our hypotheses using data on initial public offerings of European companies from 1991–2001. The results support our hypotheses. The findings have important implications for entrepreneurs, investors, and public policy.     

Guanxi,political connections and resource acquisition in Chinese publicly listed private sector firms

In this study, we examined the role of guanxi as entrepreneurs’ resource-obtaining mechanism in private sector firms, using a data-set of 184 publicly listed firms in China. We found that guanxi indeed played a positive role that helped private sector firms gain easier access to resources. We also found that guanxi exerted even a greater positive effect on private sector firms’ resource obtaining compared to entrepreneurs’ political participation, due to being the lifeblood of business conduct and social interaction in Chinese culture.     

基于DSP的高动态接收机载波捕获跟踪技术

介绍了高动态GPS接收机的码捕获与载波跟踪的原理,设计了一种基于高速数字信号处理(DSP)技术的PLL FLL环混合全数字高动态载波跟踪技术方案,同时给出了一种在连续高动态下载波跟踪算法即基于交叠离散傅里叶变换的频率跟踪算法(ODAFC),并对此算法进行了仿真验证.仿真结果证明了该算法的正确性.     

跨境电商能否突破地理距离的限制

本文基于我国跨境电商蓬勃发展的崭新事实,重新审视地理距离与贸易规模这一国际贸易经典理论命题,并进一步探讨了互联网弱化地理距离负面影响的理论机制。基于跨境电商物流数据和传统贸易出口数据的研究表明:(1)与传统贸易出口相比,跨境电商出口受地理距离的负面影响较小;(2)贸易伙伴国互联网的发展能够在一定程度上弱化地理距离的负面影响,促进跨境电商出口的增长;(3)从个体层面看,地理距离的负面影响以及互联网的弱化作用,同样会作用于跨境电商企业出口的扩展边际和集约边际,而且二者的作用对于大、中型规模的跨境电商企业而言更加明显。这些结论为我国政府促进跨境电商发展的诸多政策措施、“互联网+外贸”战略以及“网上丝绸之路”建设提供了有力的经验证据支撑。