Integrating contemporary finance and international business research

International Business Review

Volumn 19, Issue 5, 2010, Pages 435-445

  Bowe, Michael ^a   Filatotchev, Igor ^b   Marshall, Andrew ^c  

^a UNIVERSITY OF MANCHESTER   (United Kingdom)

^b CITY UNIVERSITY   (United Kingdom)

^c UNIVERSITY OF STRATHCLYDE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 77954814191     PISSN: 09695931     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ibusrev.2010.01.005     Document Type: Editorial

References (104)

1. Aggarwal R., Goodell J. Financial markets versus institutions in European countries: Influence of culture and other national characteristics. International Business Review 2010, 19:502-520.
2. Agmon T. Bringing financial economics into international business research; taking advantage of a paradigm change. Journal of International Business Studies 2006, 37:575-577.
3. Aguilera R.V., Jackson G. The cross-national diversity of corporate governance: Dimensions and determinants. Academy of Management Review 2003, 28(3):447-465.
4. Aguilera R.A., Filatotchev I., Gospel H., Jackson G. An organizational approach to comparative corporate governance: Costs, contingencies, and complementarities. Organization Science 2008, 19:475-492.
5. Allayannis G., Ihrig J. Exposure and markups. Review of Financial Studies 2001, 14:805-835.
6. Allen L., Pantzalis C. Valuation of the operating flexibility of multinational enterprises. Journal of International Business Studies 1996, 27:633-653.
7. Andersson U., Forsgren M., Holm U. The strategic impact of external networks: Subsidiary performance and competence development in the multinational corporation. Strategic Management Journal 2002, 23:979-996.
8. Baker M., Foley C.F., Wurgler J. Multinationals as arbitrageurs: The effect of stock market valuations on foreign direct investment. Review of Financial Studies 2009, 22:337-369.
9. Bartram S.M. What lies beneath: Foreign exchange rate exposure, hedging and cash flows. Journal of Banking and Finance 2007, 32:1508-1521.
10. Bartram S.M, Brown G.W., Minton B.A. Resolving the exposure puzzle: The many facets of exchange rate exposure. Journal of Financial Economics 2010, 95:148-173.
11. Bartram S.M., Bodnar G.M. The exchange rate exposure puzzle. Managerial Finance 2007, 33:642-666.
12. Bartram S.M., Karolyi G.A. The impact of the introduction of the Euro on foreign exchange risk exposures. Journal of Empirical Finance 2006, 13:519-549.
13. Birkinshaw J., Hood N. Multinational subsidiary evolution: Capability and charter change in foreign-owned subsidiary companies. Academy of Management Review 1998, 23:773-795.
14. Bodnar G.M., Wong M.H. Estimating exchange rate exposures: Issues in model structure. Financial Management 2003, 32:35-67.
15. Bouquet C., Deutsch Y. The impact of corporate social performance on a firm's multinationality. Journal of Business Ethics 2008, 80:755-770.
16. Bowe M. Capital market developments and the race for FDI in the European Union, chapter 6. European Union and the race for foreign direct investment in Europe 2003, 149-181. Elsevier, Pergamon, Oxford. P. Ghauri, L. Oxelheim (Eds.).
17. Bowe M. International financial management and multinational enterprises, chapter 20. Oxford handbook of international business 2009, 557-590. Oxford University Press, Oxford. 2nd ed. A. Rugman (Ed.).
18. Bowe M., Saltvedt T. Currency invoicing practices, exchange rate volatility and pricing-to-market: Evidence from product level data. International Business Review 2004, 13:281-308.
19. Brouthers K.D Institutional, cultural and transaction cost influences on entry choice and performance. Journal of International Business Studies 2002, 33:203-221.
20. Brown S.J., Goetzmann W. Performance persistence. Journal of Finance 1995, 50:679-698.
21. Buckley P., Casson M. Models of the multinational enterprise. Journal of International Business Studies 1998, 29:539-561.
22. Carhart M. On persistence in mutual fund performance. Journal of Finance 1997, 52:57-82.
23. Chkir I.E., Cosset J.C. Diversification strategy and capital structure of multinational corporations. Journal of Multinational Financial Management 2001, 11:17-37.
24. Cooper I.A., Kaplanis E. Home bias in equity portfolios, inflation hedging and international capital market equilibrium. Review of Financial Studies 1994, 7:45-60.
25. Cooper I.A, Kaplanis E. Partially segmented international capital markets and international capital budgeting. Journal of International Money and Finance 2000, 19:309-329.
26. Dahya J., Dimitrov O., McConnell J.J. Dominant shareholders, corporate boards, and corporate value: A cross-country analysis. Journal of Financial Economics 2008, 87:73-100.
27. Denis D., McConnell J. International corporate governance. Corporate governance: Accountability, enterprise and international comparison 2005, 251-284. Wiley, London. K. Keasey, S. Thompson, M. Wright (Eds.).
28. Desai M.H., Foley C.F., Forbes K.J. Financial constraints and growth: Multinational and local firm response to currency depreciations. Review of Financial Studies 2008, 21:2857-2888.
29. Dietrich D., Jindra B. Corporate governance in the multinational enterprise: A financial contracting perspective. International Business Review 2010, 19:446-456.
30. Djankov S., Hart O., McLeish C., Shleifer A. Debt enforcement around the world. Journal of Political Economy 2008, 116:1105-1149.
31. Doukas J., Pantzalis C. Geographic diversification and agency costs of debt of multinational firms. Journal of Corporate Finance 2003, 9:59-92.
32. Douma S., George R., Kabir R. Foreign and domestic ownership, business groups, and firm performance: Evidence from a large emerging market. Strategic Management Journal 2006, 27:637-657.
33. Faff R, Marshall A. International evidence on determinants of foreign exchange rate exposure of multinational companies. Journal of International Business Studies 2005, 36. 539-538.
34. Fama E.F., French K.R. Common risk factors in the returns on stocks and bonds. Journal of Financial Economics 1993, 33:3-56.
35. Fama E.F., Jensen M.C. Separation of ownership and control. Journal of Law and Economics 1983, 26:301-325.
36. Fatemi A. Shareholders benefits from corporate international diversification. Journal of Finance 1984, 39:1325-1344.
37. Filatotchev I., Boyd B. Taking stock of corporate governance research while looking to the future. Corporate Governance: An International Review 2009, 17:257-265.
38. Filatotchev I., Piesse J. R&D, export orientation and growth of newly listed firms: European evidence. Journal of International Business Studies 2009, 40:1260-1276.
39. Filatotchev I., Jindra B., Stephan J. Ownership structure, strategic controls and export intensity of foreign-invested firms in transition economies. Journal of International Business Studies 2008, 39:1133-1148.
40. Filatotchev I, Strange R., Piesse J., Lien Y.-C. FDI by firms from newly industrialized economies in emerging markets: Corporate governance, entry mode and location strategies. Journal of International Business Studies 2007, 38:556-572.
41. Filatotchev I., Wright M. The life-cycle of corporate governance 2005, Edward Elgar, London.
42. Fiss P.C., Zajac E. The diffusion of ideas over contested terrain: The (non)adoption of a shareholder value orientation among German firms. Administrative Science Quarterly 2004, 49:501-534.
43. Flodén M., Wilander F. State dependent pricing, invoicing currency, and exchange rate pass-through. Journal of International Economics 2006, 70:178-196.
44. Forssbæck J, Oxelheim L. Finance-specific factors as drivers of cross-border investment-an empirical investigation. International Business Review 2008, 17:630-641.
45. French K., Poterba J. Investor diversification and international equity markets. American Economic Review 1991, 81:222-226.
46. Froot K.A. Buybacks, exit bonds, and the optimality of debt and liquidity relief. International Economic Review 1989, 30:49-70.
47. Froot K. Multinational corporations, exchange rates and direct investment. International policy coordination and exchange rate determination 1990, 307-346. Chicago University Press, Chicago. W. Branson, J. Frankel, M. Goldstein (Eds.).
48. Froot K., Scharfstein D., Stein J. Risk management: Co-ordinating corporate investment and financing policies. Journal of Finance 1993, 48:1629-1658.
49. Frost T. The geographic sources of foreign subsidiaries' innovations. Strategic Management Journal 2001, 22:101-123.
50. Gao T. Exchange rate movements and the profitability of US multinationals. Journal of International Money and Finance 2000, 19:117-134.
51. Ghoshal S., Bartlett C. The multinational corporation as an interorganizational network. Academy of Management Review 1990, 15:603-662.
52. Gompers P.A., Joy L.I., Metrick A. Corporate governance and equity prices. Quarterly Journal of Economics 2003, 118:107-155.
53. Griffin J.M., Stultz R.M. International competition and exchange rate shocks: A cross-country industry analysis of stock returns. Review of Financial Studies 2001, 14:215-241.
54. Hall P.A., Gingerich D.W. Varieties of capitalism and institutional complementarities in the macroeconomy: An empirical analysis. British Journal of Political Science 2009, 39:449-482.
55. Hart O. Firms, contracts and financial structure 1995, Oxford University Press, Oxford.
56. Hart O. Financial contracting. Journal of Economic Literature 2001, 34:1079-1100.
57. Hearn B.A., Piesse J., Strange R. Market liquidity and stock size premia in emerging financial markets: The implications for foreign investment. International Business Review 2010, 19:489-501.
58. Hennart J.-F. The theoretical rationale for a multinationality-performance relationship. Management International Review 2007, 47:423-452.
59. Hennart J.-F., Larimo J. The impact of culture on the strategy of multinational enterprise: Does national origin affects ownership decisions. Journal of International Business Studies 1998, 29:515-538.
60. Heston S.L., Rouwenhorst K.G. Does industrial structure explain the benefits of international diversification?. Journal of Financial Economics 1994, 36:3-27.
61. Hines J.R. Lessons from behavioural responses to international taxation. National Tax Journal 1999, 52:305-323.
62. Hoskisson R., Cannella A., Tihanyi L., Faraci R. Asset restructuring and business group affiliation in French civil law countries. Strategic Management Journal 2004, 25:525-539.
63. Hutson E., Stevenson S. Openness, hedging incentives and foreign exchange exposure: A firm-level multi-country study. Journal of International Business Studies 2010, 41:105-122.
64. Hutson E., O'Driscoll A. Firm-level exchange rate exposure in the Eurozone. International Business Review 2010, 19:468-478.
65. Jorion P. The exchange rate exposure of US multinationals. Journal of Business 1990, 63:331-345.
66. Kaplan S., Martel F., Stromberg P. How do legal differences and learning affect financial contracts? Working paper. University of Chicago 2004.
67. Kim C.F., Margetis S., Pantzaklis C. Financial sector diversification and MNE valuation. Journal of Multinational Financial Management 2009, 19:343-354.
68. Kochhar R. Explaining firm capital structure: The role of agency theory vs. transaction cost economics'. Strategic Management Journal 1996, 17:713-728.
69. Kochhar R., Hitt M.A. Linking corporate strategy to capital structure: Diversification strategy, type and source of financing. Strategic Management Journal 1998, 19:601-610.
70. Kogut B, Kulatilaka N. Operating flexibility, global manufacturing and the option value of a multinational network. Management Science 1994, 40:123-139.
71. La Porta R., Lopez-de Silanes F., Shleifer A., Vishny R. Law and finance. Journal of Political Economy 1998, 106:1113-1155.
72. La Porta R., Lopez-de Silanes F., Shleifer A., Vishny R. Investor protection and corporate governance. Journal of Financial Economics 2000, 58:3-27.
73. Lee K.C., Kwok C.C.K. Multinational corporations vs. domestic corporations: International environmental factors and determinants of capital structure. Journal of International Business Studies 1988, 19:195-217.
74. Lessard D.R. Global competition and corporate finance in the 1990s. Continental Bank Journal of Applied Corporate Finance 1991, 3:59-72.
75. Lu J.W., Beamish P.W. The internationalization and performance of SMEs. Strategic Management Journal 2001, 22:565-586.
76. Lu J.W., Beamish P.W. International diversification and firm performance: The S-curve hypothesis. Academy of Management Journal 2004, 47:598-609.
77. Mallin C. Handbook on international corporate governance: Country analyses 2006, Edward Elgar, Cheltenham.
78. Marshall A.P. Foreign exchange risk management in UK, USA and Asia Pacific multinational Companies. Journal of Multinational Financial Management 2000, 10:185-211.
79. Mudambi R., Navarra P. Is knowledge power? Knowledge flows, subsidiary power and rent seeking within MNCs. Journal of International Business Studies 2004, 35:385-406.
80. Muller A, Verschoor W.F.C. Foreign exchange risk exposure: Survey and suggestions. Journal of Multinational Financial Management 2006, 16:385-410.
81. North D. Institutions, institutional change and economic performance 1990, Cambridge University Press, Cambridge.
82. Osterloch M., Frey B.S. Motivation, knowledge transfer and the organizational firm. Organization Science 2000, 11:538-550.
83. Oxelheim L Routes to equity market integration-The interplay between politicians, investors and managers. Journal of Multinational Financial Management 2001, 11:183-211.
84. Oxelheim L., RandǾy T., Stonehill A. On the treatment of finance-specific factors within the OLI paradigm. International Business Review 2001, 10:381-398.
85. Oxelheim L., Stonehill A., Randøy T., Vikkula K., Dullum K., Modén K.-M. Corporate strategies to internationalise the cost of capital 1998, Copenhagen Business School Press, Copenhagen.
86. Oxelheim L., Wihlborg C. Corporate performance and the exposure to macroeconomic fluctuations 2005, Norstedts Academic Publishers, Stockholm.
87. Pagano M., Röell A., Zechner J. The geography of equity listing: Why do companies list abroad?. Journal of Finance 2002, 57:2651-2694.
88. Pantzalis C., Simkins B.J., Laux P.A. Operational hedges and the foreign exchange exposure of US multinational corporations. Journal of International Business Studies 2001, 32:793-812.
89. Phene A., Almeida P. How do firms evolve? The patterns of technological evolution of semiconductor subsidiaries. International Business Review 2003, 12:349-467.
90. Prowse S.D. Institutional investment patterns and corporate financial behavior in the United States and Japan. Journal of Financial Economics 1990, 27:43-66.
91. Qian G., Li L., Li J., Qian Z. Regional diversification and firm performance. Journal of International Business Studies 2008, 39:197-214.
92. Rugman A.M., Oh C.H. Does the regional nature of multinationals affect the multinationality and performance relationship?. International Business Review 2010, 19:479-488.
93. Scharfstein D., Stein J.C. The dark side of internal capital markets: Divisional rent seeking and inefficient investment. Journal of Finance 2000, 55:2537-2564.
94. Scott W.R. Institutions and organizations 2002, Sage Publications, Thousand Oaks.
95. Slangen A.H., Hennart J.F. Do multinational really prefer to centre culturally distant countries through greenfields rather than through acquisitions? The role of parent experience and subsidiary autonomy. Journal of International Business Studies 2008, 39:472-490.
96. Slangen A.H.L., Van Tulder R.J.M. Cultural distance, political risk, or governance quality? Towards a more accurate conceptualisation and measurement of external uncertainty in foreign entry mode research. International Business Review 2009, 18:276-291.
97. Smith K.A, Valderrama D. The composition of capital inflows when emerging market firms face financing constraints. Journal of Development Economics 2009, 89:223-234.
98. Solvell O., Zander I. International diffusion of knowledge: Isolating mechanisms and the role of the MNE. The dynamic firm: The role of technology, strategy, organization and regions 1998, Oxford University Press, Oxford. A. Chandler, P. Hagstrom, O. Solvell (Eds.).
99. Stiglitz J.E. Credit markets and the control of capital. Journal of Money, Credit and Banking 1985, 17:133-152.
100. Strange R., Filatotchev I., Wright M., Buck T. Corporate governance and international business. Management International Review 2009, 49:395-407.
101. Teece D., Pisano G., Sheun A. Dynamic capabilities and strategic management. Strategic Management Journal 1997, 18:509-533.
102. Verbeke A., Brugman P. Triple-testing the quality of multinationality-performance research: An internalization theory perspective. International Business Review 2009, 18:265-275.
103. Williamson R.G. Exchange rate exposure and competition: Evidence from the automotive industry. Journal of Financial Economics 2001, 59:441-475.
104. Yamin M., Golesorkhi S. Cultural distance and the pattern of equity ownership structure in international joint ventures. International Business Review 2010, 19:457-467.