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How Chinese Financial Centers Integrate into Global Financial Center Networks: An Empirical Study Based on Overseas Expansion of Chinese Financial Service Firms
urban networks corporate networks financial service firms global financial centers China
2018/4/3
The increasing globalization of the Chinese economy has been enabled by both Chinese financial institutions operating globally as well as international firms operating within China. In geographical te...
Networks and export performance of agri-food firms:New evidence linking micro and macro determinants
agribusiness export performance firm heterogeneity gravity equation Heckman model internationalisation networks
2016/11/11
The paper complements a new line of research that includes the firm heterogeneity in trade models. The central idea of this research is that only the largest and most efficient firms are capable of ex...
Full operating cycle influence on the food and beverages processing firms characteristics
financial efficiency of agribusiness financial liquidity of food processing firms operating cycle working capital management
2016/3/1
The aim of the study is to determine the rules governing the modern cash management in food and beverages processing enterprises with a full operating cycle with a particular emphasis on environmental...
Public Sector Innovation Support by European States: Its Characteristics and Impact on Firms
Innovations Private sector Public sector
2016/1/27
In this paper we are concerned with the impact the public sector has on private sector innovation. Perhaps the most important issue is whether public sector innovation, or lack of it, impacts upon pri...
Exchange Rate Exposure and its Determinants: Evidence on Hungarian Firms
Cash flow Exchange rate exposure Stock prices
2016/1/27
This paper analyses the foreign exchange rate exposure of Hungarian firms and its determinants on the basis of corporate cash flows and stock prices. The analysis focuses on the HUF/EUR exchange rate ...
ROE and Value Creation under IAS/IFRS: Evidence of Discordance from French Firms
Financial leverage IAS/IFRS Return on equity
2016/1/27
This paper re-examines the effects that adoption of the International Financial Reporting Standards (IFRS) has had on financial reporting of French listed firms. By analysing the 2004 financial statem...
The Influence from the Past: Organizational Imprinting and Firms’ Compliance with Social Insurance Policies in China
Social insurance provision for workers Organizational imprinting Institutional logics
2016/1/26
Using a nationwide survey of randomly selec-ted manufacturing firms in representative Chinese cities,we examine how firms’ compliance with social insurance policies is shaped by their historical impri...
The Influence from the Past: Organizational Imprinting and Firms’ Compliance with Social Insurance Policies in China
Social insurance provision for workers Organizational imprinting Institutional logic
2016/1/20
Using a nationwide survey of randomly selec-ted manufacturing firms in representative Chinese cities,we examine how firms’ compliance with social insurance policies is shaped by their historical impri...
Which mechanisms support the fulfillment of sales agreements?Asking decision-makers in firms
Transactions Private ordering Law Networks Transition
2015/9/22
A new methodology measures the importance of different mechanisms for supporting agreements. Romanian company directors were surveyed on a full complement of mechanisms. Bilateralism is preponderant a...
Institutions and Firms in Transition Economies
Institutions transition enterprises firm boundaries legal systems transactional governance corporate governance China
2015/9/22
Prepared for the Handbook Of New Institutional Economics, this chapter focuses on how the NIE has been used to understand transition and how the experience of transition can help inform the NIE. It fi...
Firms facing new institutions:transactional governance in Romania
Firms facing transactional governance Romania
2015/9/22
How do firms respond to new institutions? This question is addressed by analyzing the determinants of firms’ strategies on transactional governance, using data from a Romanian survey.Strategy variable...
We present new stylized facts on bank and rm leverage during the period 2000{2009 using
internationally comparable micro level data from many countries. We document the following
patterns: a) there...
How Firms Respond to Business Cycles: The Role of Firm Age and Firm Size
Firm Age Firm Size
2015/9/18
There remains considerable debate in the theoretical and empirical literature about
the differences in the cyclical dynamics of firms by firm size. This paper contributes
to the debate in two ways. ...
Recently there has been a signi"cant decline in the degree to which "rms &pass through'
changes in costs to prices, a decline that is frequently characterized as a reduction in the
&pricing power' o...
WAGES, EMPLOYMENT, AND CAPITAL IN CAPITALIST AND WORKER-OWNED FIRMS
EMPLOYMENT CAPITAL IN CAPITALIST
2015/7/23
The authors investigate how worker-owned and capitalist enterprises differ with
respect to wages, employment, and capital in Italy, the market economy with the greatest incidence of worker-owned and...