Using a newly built soft power index, we examine whether and how soft power affects Chinese firm-level export to the Belt and Road (B&R) countries from 2000 to 2016. We find that soft power has significantly positive effects on both export value and export product types for the B&R countries....

In recent years, the number of research and development (R&D) partnerships between firms has substantially increased. From the perspective of the individual firm, these partnerships are formed in order to share the risks and benefits of R&D. At the macro level, they result in a global spanning...

Hungary has become a showcase for Russian energy statecraft in Central and Eastern Europe over the last decade. Russian–Hungarian relations have developed in a vociferous and spectacular manner, demonstrating a broad understanding between the two leaders in world policy and economic matters....

This study analyzes the impact of bilateral free trade agreements (FTAs) on the investment of multinational firms located outside the FTA-covered regions. Specifically, we analyze how Japanese firms located in the European Union (EU) changed their investment behavior in response to the EU-Korea...

This paper employs the difference-in-differences (DID) to investigate the impact of "going global" on enterprises' financialization. Baseline estimation shows that the degree of financialization of enterprises participating in the Belt and Road Initiative was lower compared with those not...

Cultural, institutional, and psychic distances between countries are critical determinants of bilateral trade. In this paper we examine if ethical distance and difference between an exporting country and an importing country matter in international trade. Ethics in international trade is...

This paper studies how cultural norms and enforcement policies influence illicit corporate activities. Using confidential IRS audit data, we show that corporations with owners from countries with higher corruption norms engage in higher amounts of tax evasion in the U.S. This effect is strong...

This article advances an argument that the joint partners comprising global economic governance regimes have a shared and potentially magnified responsibility to respect the basic interests of the global public when laying down their own systems of ground rules that facilitate their pursuit of...

Odisha is intensifying itself with some good large scale industries, which taking the optimum benefit of the rich mineral and metallic reserve in it and the main attracting factors which is the Centre of corporate sector is the rich land and low cost labour available with this state like Odisha....

In many ways, China is the new frontier for entrepreneurship; perceived to be: a logical primary source of economical manufacturing, raw materials, component parts, and as a major end market. China may also represent the most likely future competition for many American industries as well as our...