546
Views
0
CrossRef citations to date
0
Altmetric
Articles

The impact of organizational stigmatization on the operational risk and performance of overseas subsidiaries: empirical evidence from Chinese multinational enterprises

, , &
Article: 2180061 | Received 08 Jun 2022, Accepted 07 Feb 2023, Published online: 09 Mar 2023

References

  • Alfaro, L., Chari, A., & Kanczuk, F. (2017). The real effects of capital controls: Firm-level evidence from a policy experiment. Journal of International Economics, 108, 191–210. https://doi.org/10.1016/j.jinteco.2017.06.004
  • Andéhn, M., Nordin, F., & Nilsson, M. E. (2016). Facets of country image and brand equity: Revisiting the role of product categories in country-of-origin effect research. Journal of Consumer Behaviour, 15(3), 225–238. https://doi.org/10.1002/cb.1550
  • Arellano, C., Bai, Y., & Kehoe, P. J. (2019). Financial frictions and fluctuations in volatility. Journal of Political Economy, 127(5), 2049–2103. https://doi.org/10.1086/701792
  • Du, X. J., & Zhang, N. N. (2019). The effect of organizational stigma on the internationalization performance of enterprises. Foreign Economics & Management, 41(7), 112–124.
  • Durand, R., & Vergne, J. P. (2015). Asset divestment as a response to media attacks in stigmatized industries. Strategic Management Journal, 36(8), 1205–1223. https://doi.org/10.1002/smj.2280
  • Goffman, E. (1963). Stigma: Notes on the management of spoiled identity. Prentice Hall.
  • Gotz, M., & Jankowska, B. (2018). Outward foreign direct investment by polish state-owned multinational enterprises: Is “stateness” an asset or a burden? Post-Communist Economies, 30(2), 216–237. https://doi.org/10.1080/14631377.2017.1361695
  • Gourley, P. (2019). Social stigma and asset value. Southern Economic Journal, 85(3), 919–938.
  • Grougiou, V., Dedoulis, E., & Leventis, S. (2016). Corporate social responsibility reporting and organizational stigma, the case of “sin” industries. Journal of Business Research, 69(2), 905–914. https://doi.org/10.1016/j.jbusres.2015.06.041
  • Gulen, H., & Ion, M. (2016). Policy uncertainty and corporate investment. Review of Financial Studies, 29(3), 523–564.
  • Helms, W. S., & Patterson, K. D. W. (2014). Eliciting acceptance for “illicit” organizations, the positive implications of stigma for MMA organizations. Academy of Management Journal, 57(5), 1453–1484. https://doi.org/10.5465/amj.2012.0088
  • Henry, P. B. (2007). Capital account liberalization: Theory, evidence, and speculation. Journal of Economic Literature, 45(4), 887–935. https://doi.org/10.1257/jel.45.4.887
  • Hudson, B. A., & Okhuysen, G. A. (2009). Not with a ten-foot pole, core stigma, stigma transfer, and improbable persistence of men’s bathhouses. Organization Science, 20(1), 134–153. https://doi.org/10.1287/orsc.1080.0368
  • Ilut, C. L., & Schneider, M. (2014). Ambiguous business cycles. American Economic Review, 104(8), 2368–2399. https://doi.org/10.1257/aer.104.8.2368
  • Jin, S. Y., & Qin, Z. D. (2020). “Stigmatization” and “de-stigmatization”, the discourse attack from western countries and our responsive action. Studies in Ideological Education, 9, 80–84.
  • Jongwanich, J. (2019). Capital controls in emerging East Asia: How do they affect investment flows? Journal of Asian Economics, 62, 17–38. https://doi.org/10.1016/j.asieco.2019.04.001
  • Li, G., & Meng, L. J. (2019). Public opinion and international trade, an example of U.S. import. The Journal of World Economy, 42(8), 146–169.
  • Li, X. R., Meng, M. M., & Lei, J. S. (2022). The research on the impact of geographical distance on corporate social responsibility. Chinese Journal of Management, 19(02), 254–262.
  • Li, X. Y., & Sun, L. X. (2017). How do sub-national institutional constraints impact foreign firm performance? International Business Review, 26(3), 555–565. https://doi.org/10.1016/j.ibusrev.2016.11.004
  • Liu, X., Gao, L., Lu, J., & Eleni, L. (2016). Environmental risks, localization and the overseas subsidiary performance of MNEs from an emerging economy. Journal of World Business, 51(3), 356–368. https://doi.org/10.1016/j.jwb.2015.05.002
  • Ma, Y., Tikuye, G. A., & He, S. (2021). Impacts of firm performance on corporate social responsibility practices: The mediation role of corporate governance in Ethiopia corporate business. Sustainability, 13(17), 9717.
  • Miah, M. D., Hasan, R., & Usman, M. (2021). Carbon emissions and firm performance: Evidence from financial and non-financial firms from selected emerging economies. Sustainability, 13(23), 13281. https://doi.org/10.3390/su132313281
  • Novak, J., & Bilinski, P. (2018). Social stigma and executive compensation. Journal of Banking & Finance, 96, 169–184. https://doi.org/10.1016/j.jbankfin.2018.09.003
  • Qi, C. S., & Du, X. J. (2018). A study of the impact of political connections on the international M&A performance of Chinese enterprises. Contemporary Finance & Economics, 1, 68–77.
  • Qu, X., Li, R., & Li, W. X. (2022). A study on the impact of host country legal system on Chinese enterprises’ OFDI at the stage of entrance-an empirical analysis based on micro data of Chinese listed companies. Macroeconomics, 02, 27–41+136.
  • Ragozzino, A. R. (2009). The effects of geographic distance on the foreign acquisition activity of U.S. firms. Management International Review, 49(4), 509–535. https://doi.org/10.1007/s11575-009-0006-7
  • Ramirez, C. D., & Rong, R. (2012). China bashing: Does trade drive the “bad” news about China in the USA? Review of International Economics, 20(2), 350–363. https://doi.org/10.1111/j.1467-9396.2012.01026.x
  • Roulet, T. (2015). “What Good is Wall Street?” Institutional contradiction and the diffusion of the stigma over the finance industry. Journal of Business Ethics, 130(2), 389–402. https://doi.org/10.1007/s10551-014-2237-1
  • Stokey, N. L. (2016). Wait-and-see: Investment options under policy uncertainty. Review of Economic Dynamics, 21, 246–265. https://doi.org/10.1016/j.red.2015.06.001
  • Suh, Y., Hur, J., & Davies, G. (2016). Cultural appropriation and the country of origin effect. Journal of Business Research, 69(8), 2721–2730. https://doi.org/10.1016/j.jbusres.2015.11.007
  • Sutton, R. I., & Callahan, A. L. (1987). The stigma of bankruptcy: Spoiled organizational image and its management. Academy of Management Journal, 30(3), 405–436. https://doi.org/10.2307/256007
  • Tracey, P., & Phillips, N. (2016). Managing the consequences of organizational stigmatization, identity work in a social enterprise. Academy of Management Journal, 59(3), 740–765. https://doi.org/10.5465/amj.2013.0483
  • Wang, B. J., & Xiao, H. (2017). Which Chinese ODI is more likely to be blocked by political resistance in the host country? World Economics and Politics, 04, 106–128+159.
  • Wang, J. B. (2019). Bilateral political relations, quality of host country institutions and location choice for China’s outward foreign direct investment: A quantitative analysis of Chinese OFDI from 2005-2017. Journal of Contemporary Asia-Pacific Studies, 03, 4–28+157.
  • Yang, B. (2019). The dual disadvantages of multinational enterprises from emerging markets. Business and Management Journal, 41(1), 56–70.
  • You, J. X., & Wu, J. (2012). Spiral of silence: Media sentiment and the asset mispricing. Economic Research Journal, 47(07), 141–152.
  • Yu, G. S., Wu, Q. Q., & Dong, Z. R. (2021). The impact of international investment protection on China’s enterprises’ foreign direct investment: An empirical study from the perspective of overseas subsidiaries. South China Journal of Economics, 06, 68–86.
  • Yun, J., Ahmad, H., Jebran, K., & Muhammad, S. (2021). Cash holdings and firm performance relationship: Do firm-specific factors matter? Economic Research-Ekonomska Istraživanja, 34(1), 1283–1305. https://doi.org/10.1080/1331677X.2020.1823241
  • Zhang, N. N., & Du, X. J. (2020). Research on organizational stigma and choice of entry modes of Chinese enterprises in overseas markets, an empirical analysis based on listed companies. Contemporary Finance & Economics, 1, 77–88.