Mostrando recursos 1 - 3 de 3

  1. Three Essays In Spatial Econometrics

    Koch, Matthias
    In the last 20 years spatial econometric models, methods and techniques have been applied to a great variety of empirical problems. The essence of a spatial econometric model is the incorporation of a spatial autoregressive lag, which is scaled by the so called spatial autocorrelation parameter. From a mathematical perspective introducing a spatial autoregressive term into the linear regression model yields a system of equations, which may or may not be solvable for the dependent variable. Furthermore even if the system of equations is solvable, the dependent variable may be diverging if the number of observations approaches infinity. One can show that...
    (application/pdf) - 18-oct-2016

  2. Foreign IPO capital market choice: understanding the institutional fit of corporate governance

    Moore, Curt B.; Filatotchev, Igor; Bell, R. Greg; Rasheed, Abdul A.
    While product market choices have been central to strategy formulation for firms in the past, the integration of financial markets makes the choice of capital markets an equally important strategic decision. We advance a comparative institutional perspective to explain capital market choice by firms making an IPO in a foreign market. We find that internal governance characteristics (founder-CEO, executive incentives, and board independence) and external network characteristics (prestigious underwriters, degree of venture capitalist syndication, and board interlocks) are significant predictors of foreign capital market choice by foreign IPO firms. Our results suggest foreign IPO firms select a host market where...
    (application/pdf) - 18-oct-2016

  3. Foreign IPO capital market choice: understanding the institutional fit of corporate governance

    Moore, Curt B.; Filatotchev, Igor; Bell, R. Greg; Rasheed, Abdul A.
    While product market choices have been central to strategy formulation for firms in the past, the integration of financial markets makes the choice of capital markets an equally important strategic decision. We advance a comparative institutional perspective to explain capital market choice by firms making an IPO in a foreign market. We find that internal governance characteristics (founder-CEO, executive incentives, and board independence) and external network characteristics (prestigious underwriters, degree of venture capitalist syndication, and board interlocks) are significant predictors of foreign capital market choice by foreign IPO firms. Our results suggest foreign IPO firms select a host market where...
    (application/pdf) - 16-sep-2017

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