首页> 外文期刊>Strategic Entrepreneurship Journal >SIGNALING ORGANIZATIONAL VIRTUE: AN EXAMINATION OF VIRTUE RHETORIC, COUNTRY-LEVEL CORRUPTION, AND PERFORMANCE OF FOREIGN IPOs FROM EMERGING AND DEVELOPED ECONOMIES
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SIGNALING ORGANIZATIONAL VIRTUE: AN EXAMINATION OF VIRTUE RHETORIC, COUNTRY-LEVEL CORRUPTION, AND PERFORMANCE OF FOREIGN IPOs FROM EMERGING AND DEVELOPED ECONOMIES

机译:标志性的组织美德:对虚拟修辞,国家/地区腐败以及新兴经济和发达经济体外国IPO表现的审查

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摘要

Extending signaling theory by discussing rhetoric in terms of cost and observability, we examine the relationship between organizational virtue rhetoric in prospectuses and the performance of foreign IPOs from 35 different countries. We also explore how the nature of this relationship is contingent upon the level of perceived corruption for each IPO firm's home country, a pervasive and costly problem for emerging economy countries due to its impact on economic growth and national governance. Our results indicate that signaling organizational virtue in prospectuses leads to higher levels of foreign IPO performance, which is positively moderated by perceived home country corruption.
机译:通过讨论成本和可观察性方面的言论来扩展信号理论,我们研究了招股说明书中的组织美德言论与来自35个不同国家的外国IPO业绩之间的关系。我们还将探讨这种关系的性质如何取决于每个IPO公司母国的腐败程度,由于其对经济增长和国家治理的影响,新兴经济国家普遍存在且成本高昂的问题。我们的结果表明,在招股说明书中发信号表明组织的美德会导致更高水平的外国IPO业绩,这被认为是本国腐败的现象所缓和。

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