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institutional, social and cultural differences between China and Russia have minimal effects on referrals. Interpersonal trust has …
Persistent link: https://www.econbiz.de/10005784706
In this paper, we provide a novel rationale for credit ratings. The rationale that we propose is that credit ratings can serve as a coordinating mechanism in situations where multiple equilibria can obtain. We show that credit ratings provide a "focal point" for firms and their investors. We...
Persistent link: https://www.econbiz.de/10005489915
study revealed that dyadic (two-person) ties are stronger and interpersonal trust is greater in China than in Russia. The …
Persistent link: https://www.econbiz.de/10005651482
In this paper we propose an empirical model that considers theoretical facts on the relationship between real exchange rates and the net exports of the economy to supplement the interaction of a number of financial and economic factors with the stock market. We discuss the impact of exchange...
Persistent link: https://www.econbiz.de/10005677667
focuses on various firm-external social constructions: legitimacy, reputation, and status, and how they impact the emergence …
Persistent link: https://www.econbiz.de/10008528997
conduits for reputation flows seems to be more strategic than the use of unmediated communication in that it is highly …
Persistent link: https://www.econbiz.de/10005784689
information in response to market signals. In China, however, banks centralized lending authority following financial reforms in …
Persistent link: https://www.econbiz.de/10005489888
investors. The context of the study is People's Republic of China. The empirical data is composed of 158 venture capital …
Persistent link: https://www.econbiz.de/10005489896
comparative advantage (CA) in U.S. services trade with China and India from 1992 to 2010. The results indicate that the U.S. has a … recently China, gained a CA in modern services, such as computer and information services during the period considered in this … losing its initial dominance. In contrast, the U.S. CA or CDA vis-à-vis China exhibits high levels of persistence over time …
Persistent link: https://www.econbiz.de/10011266143
empirical observations concerning local government-owned firms, i.e., township-village enterprises, during China’s transition to …
Persistent link: https://www.econbiz.de/10005652514