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276 records from EconBiz based on author Name
1. From learner to innovator : knowledge transfer from a parent mne and foreign subsidiaries' local innovation
Zhou, Nan; Li, Jiatao; Bai, Changhong; Zhang, Dan;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 2. Decomposing firm performance in emerging markets : the difference between growth and profit
abstractThis study adopts the resource-based view (RBV) to explain the difference in firm profit and growth determinants. We argue that profit is driven more by valuable, rare, inimitable, and non-substitutable (VRIN) resources, and growth is driven more by versatile resources. Since some versatile resources, such as cash, are less firm-specific, the firm effect is more critical in determining profit than growth. We also expect that emerging market firms are more capable of utilizing versatile resources than developed market firms, and developed market firms are more capable of utilizing VRIN resources than emerging market firms. As a result, the determinants of firm performance also differ between emerging and developed markets. The study employs multilevel mixed models to decompose firm performance in US, Chinese, and global samples. The findings confirm that the firm effect is more important in influencing profit than growth, persisting across all three samples. The firm effect is also more important in influencing performance in developed countries than in emerging markets.
Zhou, Nan; Park, Seung Ho;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link 3. Advantage of foreignness in a digital world : role of long tail users
Zhou, Nan;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
4. Stepping stone : the logic of financial inclusion through microcredit in rural China
Zhou, Nan; Cheng, Wenli; Zhang, Longyao;2022
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability:
Link 5. The role of FDI motives in the link between institutional distance and subsidiary ownership choice by emerging market multinational enterprises
Wu, Jie; Zhou, Nan; Park, Seung Ho; Khan, Zaheer; Meyer, Martin S.;2022
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
Citations: 10 (based on OpenCitations)
6. Impact assessment of climate change on hailstorm risk in Spanish wine grape crop insurance : insights from linear and quantile regressions
abstractThere is growing concern that climate change poses a serious threat to the sustainability of the insurance business. Understanding whether climate warming is a cause for an increase in claims and losses, and how this cause-effect relationship will develop in the future, are two significant open questions. In this article, we answer both questions by particularizing the geographical area of Spain, and a precise risk, hailstorm in crop insurance in the line of business of wine grapes. We quantify climate change using the Spanish Actuarial Climate Index (SACI). We utilize a database containing all the claims resulting from hail risk in Spain from 1990 to 2022. With homogenized data, we consider as dependent variables the monthly number of claims, the monthly number of loss costs equal to one, and the monthly total losses. The independent variable is the monthly Spanish Actuarial Climate Index (SACI). We attempt to explain the former through the latter using regression and quantile regression models. Our main finding is that climate change, as measured by the SACI, explains these three dependent variables. We also provide an estimate of the increase in the monthly total losses' Value at Risk, corresponding to a future increase in climate change measured in units of the SACI. Spanish crop insurance managers should carefully consider these conclusions in their decision-making process to ensure the sustainability of this line of business in the future.
Zhou, Nan; Vilar Zanón, José Luis;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link Link
7. Short sale bans may improve market quality during crises: new evidence from the 2020 Covid crash
abstractIn theory, banning short selling stabilizes stock prices but undermines pricing efficiency and has ambiguous impacts on market liquidity. Empirical studies find mixed and conflicting results. This paper leverages cross-country policy variation during the 2020 Covid crisis to assess differential impacts of bans on stock liquidity, prices, and volatility. Results suggest that bans improved liquidity and stabilized prices for illiquid stocks but temporarily diminished liquidity for highly liquid stocks.The findings support theories in which short sale bans may improve liquidity by selectively filtering out informed— potentially predatory—traders. Thus, policies that target the most illiquid stocks may deliver better overall market quality than uniform short sale bans imposed on all stocks
Fohlin, Caroline; Lu, Zhikun; Zhou, Nan;2022
Availability: Link Link Link Link Link Link
Citations: 1 (based on OpenCitations)
8. Short sale bans may improve market quality during crises : new evidence from the 2020 Covid
abstractIn theory, banning short selling stabilizes stock prices but undermines pricing efficiency and has ambiguous impacts on market liquidity. Empirical studies find mixed and conflicting results. This paper leverages cross-country policy variation during the 2020 Covid crisis to assess differential impacts of bans on stock liquidity, prices, and volatility. Results suggest that bans improved liquidity and stabilized prices for illiquid stocks but temporarily diminished liquidity for highly liquid stocks.The findings support theories in which short sale bans may improve liquidity by selectively filtering out informed- potentially predatory-traders. Thus, policies that target the most illiquid stocks may deliver better overall market quality than uniform short sale bans imposed on all stocks.
Fohlin, Caroline; Lu, Zhikun; Zhou, Nan;2022
Type: Graue Literatur; Non-commercial literature; Arbeitspapier; Working Paper;
Availability: Link
9. A transaction cost model of tax-motivated income shifting into dot-sized tax havens and an empirical examination of e-commerce effects
Chen, Chao; Harris, David Garland; Shi, Linna; Zhou, Nan;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability: Link
10. Coping with the storm : the role of fintech in SME survival
Zhou, Nan; Sun, Ruohan;2024
Type: Aufsatz in Zeitschrift; Article in journal;
Availability:
Link