The Informational Role of Short Sellers: The Evidence from Short Sellers’ Reports on US-Listed Chinese Firms

2016 ◽  
Vol 43 (9-10) ◽  
pp. 1444-1482 ◽  
Author(s):  
Lei Chen
Keyword(s):  
Chinese Firms ◽  
Short Sellers

scholarly journals Short sellers: Villains or scapegoats?

2011 ◽  
Vol 8 (2) ◽  
pp. 391-401
Author(s):  
Robert Wearing ◽  
Carmen A. Li
Keyword(s):  
Financial Markets ◽  
Stakeholder Theory ◽  
News Media ◽  
Share Price ◽  
Empirical Literature ◽  
Information Function ◽  
Share Prices ◽  
Short Sellers ◽  
High Share

This paper discusses the role of short sellers and the concerns which are expressed in the news media about their activities. In particular, it examines the problem of optimism in analysts’ forecasts which might initially lead to ‘high’ share prices and the limitations of both agency and stakeholder theory in providing short sellers with a legitimate role. With the help of the existing empirical literature, we argue that short sellers can be regarded as carrying out a useful information function in financial markets. Indeed, encouraging short sellers to operate more effectively in the market as well as requiring fuller disclosure of their activities could provide a useful antidote to some of the share price rises which have been seen in recent years in failing companies

Catch-up in the IT Service Sector and the Role of the Government in China

2021 ◽  
pp. 156-171
Author(s):  
Keun Lee
Keyword(s):  
Chinese Firms ◽  
Foreign Companies ◽  
Security Software ◽  
Business Software ◽  
Catch Up ◽  
Barrier To Entry ◽  
The Government ◽  
Latecomer Firms ◽  
Role Of The Government

Chapter 7 analyzes the market and technological catch-up of indigenous Chinese firms in two information technology service sectors, namely, games and business software (enterprise resource planning (ERP) and security software) and focuses on two aspects. The first aspect is about how latecomer firms have been able to access and learn from foreign knowledge bases and acquire their innovation capabilities. The second aspect is the role of the government and regulation in the catch-up process. Indigenous firms in China have selected different learning and catch-up strategies in different technological regimes. For the online game sector, where imitation is easier and incremental innovation is more important than radical innovation, Chinese firms started with handling the publishing (or distribution) of games developed by foreign incumbents and later secured in-house game development capabilities by imitating the products of global leaders. In the business software sector, where imitation and creative innovation are difficult, Chinese firms acquired third-party technologies through mergers and acquisitions and then differentiated their products by taking advantage of local specificities. In general, intellectual property rights (IPRs) are critical in the business of these two segments. Despite the entry barrier effect of IPR protection by the foreign incumbents, the latecomer firms discussed in this chapter seem to have circumvented the barrier to entry and learning and to acquire their innovation capabilities. However, such learning and acquisition would not have led to commercial success without government regulation against foreign companies, such as business restrictions in online gaming and exclusive procurement of indigenous products in applied software (ERP and security software). Such restrictions against foreign companies were a critical constraining factor against their market share expansion in the Chinese market.

The Politics of Chinese Foreign Direct Investment in the USA

2019 ◽  
Vol 55 (2) ◽  
pp. 254-272 ◽  
Author(s):  
Kelan (Lilly) Lu ◽  
Glen Biglaiser
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Chinese Firms ◽  
Chinese Investment ◽  
Greenfield Investments ◽  
The Us ◽  
The Usa ◽  
Chinese Foreign Direct Investment ◽  
Subnational Analysis

Although recently Chinese investment in the USA has grown exponentially, it has not flowed equally among the US states. Controlling for popular explanations in the foreign direct investment literature, we carry out subnational analysis to assess the determinants of Chinese investment in the USA. Using a panel dataset for all states from 2006 to 2016, we find that Chinese firms are more attracted to states where Republican governors hold office. Republican-governed states particularly attract greenfield investments from Chinese firms. However, we also find that US national security concerns and Chinese goals appear to affect investment flows in high-technology states, limiting the role of partisanship. Our results indicate that it is too soon to dismiss the importance of politics on foreign direct investment.

Commentary on ‘Opportunities and Challenges of Engaged Indigenous Scholarship’ (Van de Ven, Meyer, & Jing, 2018)

2018 ◽  
Vol 14 (3) ◽  
pp. 463-466 ◽  
Author(s):  
Anne S. Tsui
Keyword(s):  
Research Design ◽  
Research Question ◽  
Primary Factor ◽  
Local Context ◽  
Indigenous Research ◽  
Chinese Firms ◽  
Research Project ◽  
Chinese Management

The mission ofManagement and Organization Review, founded in 2005, is to publish research about Chinese management and organizations, foreign organizations operating in China, or Chinese firms operating globally. The aspiration is to develop knowledge that is unique to China as well as universal knowledge that may transcend China. Articulated in the first editorial published in the inaugural issue of MOR (2005) and further elaborated in a second editorial (Tsui, 2006), the question of contextualization is framed, discussing the role of context in the choices of the research question, theory, measurement, and research design. The idea of ‘engaged indigenous research’ by Van de Ven, Meyer, and Jing (2018) describes the highest level of contextualization, with the local context serving as the primary factor guiding all the decisions of a research project. Tsui (2007: 1353) refers to it as ‘deep contextualization’.

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