Showing 1 - 10 of 49
We investigate whether cultural differences between professional decision makers affect financial contracts in a large data set of international syndicated bank loans. We find that more culturally distant lead banks offer borrowers smaller loans at a higher interest rate and are more likely to...
Persistent link: https://www.econbiz.de/10010990438
The differential social control embedded in core and periphery values indigenous to a cultural setting, and the availability of resources in that setting, are discussed as critical factors for the effective adaptation of organizations and management practices transferred across cultural...
Persistent link: https://www.econbiz.de/10009214014
The culture of the national environment in which an organization operates affects the management process through the … dimensions of national culture differences have been found. Among other things, they affect the implicit models in people's minds … century. At the same time, it highlights the influence of the culture of the management scientist on the research questions …
Persistent link: https://www.econbiz.de/10009214612
Chinese organizations are used in this paper to assess the universality of the macro and micro theories of organization that have been largely developed in North America. The analysis suggests that the theories vary in their degree of applicability to the Chinese context. While some theories,...
Persistent link: https://www.econbiz.de/10009214786
Culture is defined in terms of components and parts. The logical nature of the components and of the connections … structure components and culture components is discussed and two of its many pieces are developed in detail. …
Persistent link: https://www.econbiz.de/10009208937
The resource-based view argues that acquisitions can build competitive advantage partially through retention of valuable human capital of the target firm. However, making commitments to retain and motivate successful top managers is a challenge when contracts are not enforceable. Investigating...
Persistent link: https://www.econbiz.de/10010990451
using a sample of bank holding companies. Risk management theory holds that capital market imperfections make cash flow …
Persistent link: https://www.econbiz.de/10010990460
with an efficiency enhancing rationale. <i>This paper was accepted by Brad Barber, finance.</i> …
Persistent link: https://www.econbiz.de/10010990522
significant improvement in operating performance relative to nonadopters. <i>This paper was accepted by Brad Barber, finance.</i> …
Persistent link: https://www.econbiz.de/10010990534
We integrate a case-based model of probability judgment with prospect theory to explore asset pricing under uncertainty. Research within the "heuristics and biases" tradition suggests that probability judgments respond primarily to case-specific evidence and disregard aggregate characteristics...
Persistent link: https://www.econbiz.de/10010990558