The kiwifruit industry is one of the dominant agricultural industries in Sichuan province．A kiwifruit industrial zone with Cangxi county，Dujiangyan city，Shifang city，Pengzhou city，Pujiang county，Qionglai city and Dayi county as the core；An county，Beichuan...

This study examines whether and to what extent emerging-market multinational enterprises (EM MNEs) use outward foreign direct investment (FDI) in a developed market to capture knowledge spillovers so as to improve their technological capabilities at home. We refer to this as a “reverse...

Atmospheric long-wave down-welling radiation is a fundamental element of climate change and of input to thermal simulation. Measuring long-wave radiation is needed to calculate locally total energy flows to the earth's surface and night cooling rates in urban precincts. It is an important...

Using the Sarbanes-Oxley Act of 2002 as a natural experiment, we document a non-monotonic relation between board independence and credit ratings. Ratings are upgraded with an exogenous increase of board independence only when independence is low, which is consistent with the costs as well as...

In international joint ventures (IJVs), partner firms exert three types of management control: output, process, and social. Since management control critically influences IJV success, it is essential to understand what factors drive the development of the control system. Prior studies have...

This paper documents that classified boards substantially reduce the cost of debt. The evidence is not consistent with the argument that bondholders benefit from board classification because they are concerned about hostile takeovers. Instead, the results suggest that the lessened concern for...

As emerging markets develop, foreign firms are being viewed less and less as providers of capital and/or technology, and more as integral parts of society in general, with much greater responsibilities that stem largely from their multinational roles. Recognizing these pressures and the...