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This study examines the effect of cultural differences (CD) between knowledge-based MNCS and their foreign subsidiaries …
Persistent link: https://www.econbiz.de/10013106841
This paper studies whether knowledge protection affects firm strategic alliance (SA) activity. Using the staggered … knowledge protection, we document an increase in SA formations for firms headquartered in states that adopt the IDD. We also … found to be stronger in more knowledge-oriented states, industries and firms. Finally, the increase in SA formations …
Persistent link: https://www.econbiz.de/10012838059
term, what would that be? In my view, it is a firm's knowledge-building culture that is most important. This PowerPoint … begins with a foundational explanation of knowledge building by way of a Knowledge Building Loop that is then used to provide … insights as to how the Wright brothers systematically built up knowledge and taught the world how to fly. A knowledge …
Persistent link: https://www.econbiz.de/10014235529
unaffected incumbents. We also examine potential mechanisms of knowledge spillover and find some evidence that the effect is more …
Persistent link: https://www.econbiz.de/10012886264
This paper investigates the direct theoretical relationship between the variance of stock returns (σ2E) and financial leverage (L) considering both corporate and personal taxes. Using a dataset of U.S. industrial firms, we examine the variance of stock returns as a function of the firm’s...
Persistent link: https://www.econbiz.de/10012038522
Information processing filters out the noise in data but it takes time. Hence, low precision signals are available before high precision signals. We analyze how this feature affects asset price informativeness when investors can acquire signals of increasing precision over time about the payoff...
Persistent link: https://www.econbiz.de/10010499565
declines following most types of press releases. At the same time, return volatility frequently increases in the post …
Persistent link: https://www.econbiz.de/10013133878
characterized by dramatic currency volatility. Burdens on the NYSE and home market to restore price parity for cross-listed stocks …
Persistent link: https://www.econbiz.de/10012903871
We use economic policy uncertainty (EPU) shocks in combination with the mixed data sampling (MIDAS) approach to investigate long-run stock market variances and correlations, primarily for the US and the UK. The US long-run stock market variance depends significantly on US EPU shocks but not on...
Persistent link: https://www.econbiz.de/10012899727
Skewness preference, the tendency to overweight the probability of extreme tail events, can affect managerial decision making. We find that Chinese listed firms managed by CEOs who experienced a largely unpredictable rare event, namely the outbreak of Severe Acute Respiratory Syndrome (SARS) in...
Persistent link: https://www.econbiz.de/10012823798