Upon completion of overseas acquisitions, Western firms typically hire Chinese locals or expatriates to run their Chinese operations. This is an important consideration because a Western executive’s managerial style may impact Chinese employee behavior differently than a Chinese executive’s...

We use supervised Latent Dirichlet Allocation (sLDA) to measure differences in the content of the Chinese and English translations of the annual reports of Chinese firms. We find systematic differences in content across languages that are not the mechanical effects of translation and that vary...

In this paper, we examine the benefits of accounting comparability for cross-border investments in private firms. Exploiting a quasi-experimental setting we examine the real effect of an increase in accounting comparability using a difference-in-differences research design. We find that the...

This study examines the association between the financial reporting regime of a target company and the disclosure attributes of the acquiring firm’s annual reports. We examine pre- and post- acquisition annual reports for emerging-market multinationals’ cross-border acquisitions deals,...

Located at the heart of global value chains (GVCs), intangibles are documented to have a high and rising value capture, and to depend on both agglomeration economies and global connectedness for their performance. In this paper, we study how the distinct nature of intangibles require countries...