Purpose – The purpose of this paper is to show how recent capital gains affect ex‐dividend stock pricing. Traditional models assume that investors are motivated to sell a stock before its ex‐date to avoid paying higher taxes on dividends. However, if a stock has appreciated significantly,...

Purpose Strategic fit is known to be an important antecedent to a firm’s performance, but there is little research explaining its influence on firm’s environmental performance. This paper aims to propose that strategic fit is likely to affect two firm-level outcomes: dynamic equilibrium and...

Purpose – This paper seeks to challenge the traditional wisdom that sheds light upon sequential entry modes in developed countries by exploring the dynamic entry mode choice in sequential foreign direct investment (FDI) in emerging economies. Design/methodology/approach – A review of the...

Domestic institutions can be a source of comparative advantage. This paper examines the role of Confucian clan culture, a long-standing institution at the heart of Chinese society, in firm exports. Using a nationally representative survey on private enterprises in China, we find that firms...