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1.
International strategies vary in their potential to exploit and augment a firm's resources, especially its knowledge base. Resource‐based analysis suggests clustering the diverse entry modes in terms of their exploitation and augmentation characteristics. We thus introduce a new categorization of entry modes based on their potential to augment the resources of an entrant. We then explore the antecedents of these modes, and advance testable propositions delimiting for which firms and in which circumstances each mode maximizes long‐term value creation. Finally, we outline how our resource‐based framework complements transaction‐cost‐based frameworks. Copyright © 2009 John Wiley & Sons, Ltd. 相似文献
2.
Sophie Manigart Veroniek Collewaert Mike Wright Sarika Pruthi Andy Lockett Hans Bruining Ulrich Hommel Hans Landstrom 《The International Entrepreneurship and Management Journal》2007,3(1):109-125
We examine the neglected area of internationalisation by VCs. Using a representative sample of 195 VCs, we show that the decision of a European VC firm to invest internationally is driven by its human resources. Having more VC executives in general and more VC executives with previous international experience in specific, results in a higher probability of investing internationally. In contrast, more VC executives with experience in the VC industry or with an engineering background lead to a higher probability of remaining domestic. 相似文献
3.
Paresh Kumar Narayan Kumari Ranjeeni Deepa Bannigidadmath 《Journal of Behavioral Finance》2017,18(4):457-469
The authors examine how stock returns were affected when the oil price reached the psychological barrier of US$100 per barrel for the first time in history. Using an event study approach, 4 key results emerge. First, the authors show that a psychological barrier event in the oil market does affect stock returns. Second, they show that a psychological barrier event in the oil market is a source of return drift—a phenomenon well explained and understood with respect to nonoil news events. Third, the psychological barrier affects small/medium-sized stocks and not large stocks. Last, the authors show that successful trading strategies can be devised based on the information that the oil price psychological barrier significantly impacts the market and that it contributes to return drift. 相似文献
4.
In this article, the authors probe the role of irrational investor sentiment in the determination of Indian stock market volatility. The authors developed a new irrational aggregate sentiment index (IASI) to examine the issue. The conditional volatility is extracted from the nonlinear univariate models for the market indices and the IASI. The vector autoregression (VAR) is carried out to analyze the relationship between the volatility of irrational aggregate sentiment index and stock market volatility. The authors find a unidirectional causality from sentiment to stock market volatility, and their findings highlight the significance of sentiment in explaining the stock market volatility in India. 相似文献
5.
Understanding Society, the UK Household Longitudinal Study includes a wide range of health measures, and in particular biomarker and genetic data. This makes it a unique resource for research on the economics of health. We review the main features of the biomarker data, how they are collected, and evidence on data quality. We also discuss examples of how these data have been used in economic research to date. 相似文献
6.
The issue of long memory, though has important theoretical and practical implications, has not received much attention in India. This article examines the issue of long memory in mean of the stock returns by employing a set of sophisticated time-series tests including a bias reduced log periodogram test of Andrews and Guggenberger. The study used daily values of 29 major indices including sectoral indices traded on the National Stock Exchange and Bombay Stock Exchange from April 2003 to March 2012, which provide insights into relation between composition of indices and long memory. The findings of the study suggest significant presence of long memory in mean returns of the medium- and small-sized indices and weaker evidences for large cap indices. Further, the study identifies a relationship between presence of long memory and market structure variables. The use of linear models in the presence of long memory would result in incorrect inferences, and this calls for investigation of appropriate long memory model to generate profits in Indian stock market. 相似文献
7.
This paper addresses an important omission in the venture capital literature by comparing the monitoring behavior of foreign and domestic venture capital firms (VCs). Evidence from 31 VCs in India (84% response) shows foreign VCs were significantly more likely than domestic VCs to be involved at the strategic level while domestic VCs were significantly more active at the operational level. Foreign VCs placed significantly more emphasis on restrictions on additional borrowings. Domestic VCs placed significantly more emphasis on specifying certain accounting policies while foreign VCs placed significantly more emphasis on monthly management accounts. Domestic VCs place significantly more emphasis on industry specialist board membership. 相似文献
8.
Social capital provides access to resources; however, how migrant entrepreneurs use social capital in the recruitment of managers for their transnational ventures is less understood. The authors conducted eight in-depth interviews with transnational entrepreneurs of Indian origin in the United Kingdom and nine confirmatory interviews with managers of their transnational ventures. Findings show that transnational entrepreneurs substitute or complement international and local social capital in the recruitment of managers contingent on whether they (a) live in the United Kingdom or India and (b) use social ties in the United Kingdom or India to recruit managers. Implications for research, policy and management are discussed. 相似文献
9.
Drusilla K. Brown Thomas Downes Karen Eggleston Ratna Kumari 《World development》2009,37(9):1484-1493
We examine the role that buyers in global supply chains play in helping vendors uncover productivity-enhancing labor management innovations. We report on a buyer-directed NGO-coordinated factory-based program targeting intestinal parasites and anemia in seven Bangalore apparel factories. Raw pre-post productivity comparisons were confounded by factory organizational changes that were implemented in anticipation of the termination of the Multi Fiber Arrangement (MFA). Using a difference-in-difference-in-difference (DDD) estimator, a full complement of medically appropriate treatment was found to increase individual productivity of anemic workers by 8% relative to non-anemic workers. 相似文献
10.
The climatic risk consists of financial and environmental risks, predominantly evolutes from carbon dioxide emissions from coal-fired power plants. We develop a climatic risk control model to investigate the coexistence of renewable energy and the post-combustion carbon capture technology as CO2 reduction strategies. Additionally, our proposed framework explicitly considers the acceptance of such strategies based on a balance of electricity supply according to demand. This paper adopts an additive fuzzy mixed-integer optimization approach to model uncertain parameters and determines the optimal solution focusing on business and the environment. Furthermore, we investigate the feasibility of such emission control strategies with scenario analysis that help to execute the country's emission reduction policies. The usefulness of our methodology is demonstrated using data from the coal-based power sector in the Eastern part of India. Overall, with the proposed model, we can achieve 30% reduction in emission release, which provides strategies to the decision-maker for investment towards sustainable development. 相似文献