With the Error Correction Model and the Wald Test, one important finding is that in case of the Lao PDR the FDI empirically induces economic growth; while the economic growth does not. However, it is more important to know what kinds of benefits can be brought into the country in both short run...

The retention of qualified Chinese employees is an increasing concern for managers inChina today. Various studies have highlighted the rise of turnover rates, and many havesuggested how human resource practices can help promote retention. However, littleresearch has compared employee tenure or...

Using novel survey data, we examine the relationship between returnee entrepreneurs, multinational enterprise (MNE) working experience and firms' innovation performance in high-tech SMEs in China. We adopt an integrated framework which combines the knowledge based view and social capital theory...

This paper investigates the impact of returnee entrepreneurs and their knowledge spillovers on innovation in high-tech firms in China. Using panel data for 1,318 high-tech firms in Beijing Zhongguancun Science Park (ZSP) we find that returnee entrepreneurs create a significant spillover effect...

We document that firms that are larger, have stronger governance and more able CEOs are more likely to combine CEO and board chair roles (i.e., duality). We also document that firms that split these roles have significantly lower announcement and post-announcement returns, and lower...

When using daily mutual fund returns to study the market timing, heavy tails and heteroscedasticity significantly challenge the existing methods. We to accommodate them, we propose a new measure and an efficient test for market timing ability and find that the traditional test misclassifies...