Yuxi Cheng

Sovereign Wealth Fund Acquisitions and CSR: The Role of Institutional Distance

Guowei Qiu, Jordi Surroca, Yuxi Cheng

Sovereign wealth funds (SWFs) have become increasingly active in cross-border acquisitions, yet their state-linked nature often raises legitimacy concerns in host countries. While prior research has largely examined the investment strategies, financial outcomes, and political implications of SWF investments, less is known …

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The Road to Stock Market Participation

Sumit D. Agarwal, Meghana Ayyagari, Yuxi Cheng, Pulak Kumar GHOSH

This paper examines how infrastructure development affects stock market participation in India using trading data from more than 13 million individuals. Using the phased rollout of a national road construction program as a natural experiment, we find that new road connections lead …

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The global sourcing of green products

Heather Berry, Jasmina Chauvin, Yuxi Cheng, Narae Lee

Abstract Recent years have seen a rise in global trade of “green products”—those designed to minimize environmental harm compared to traditional alternatives. In this study, we examine the relevance of pollution haven effects—i.e., shifts of production toward countries with less stringent environmental …

us, kr (code pays fourni par la source)

Research on Rural Industry Integration Development Model under the Perspective of Agricultural Business Administration

Yuxi Cheng

Rural industrial integration is a key pathway to realizing modern agriculture and revitalizing rural areas. From the lens of agricultural business management, this paper analyzes development paths, stakeholder coordination, and benefit realization mechanisms. Findings show that integration is driven by secondary–tertiary industry …

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Extraterritorial Anticorruption Enforcement and Global Asset Reallocation: Evidence from U.S. Banks

Yuxi Cheng, Tao Wu

We investigate how the enhancement of extraterritorial anticorruption enforcement act as a source of multinationals’ liabilities in foreign business. We backdrop U.S. banks’ global asset reallocation against the enforcement of Foreign Corrupt Practice Act (FCPA). We contextualize our study to the 9/11 …

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MNE Circular Economy Actions and Value: The Role of MNE Perception Management and Climate Change

Anupama Phene, Yuxi Cheng, Reid W. Click

MNE circular economy (CE) actions have opposing implications for its value. They have potential to build resilience, enable efficiency and generate new revenues, but at the same time necessitate a radical shift by the MNE involving cost pressures and risks, creating a …

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China Risk and Excess Returns: The Role of Firm Technological Capabilities

Anupama Phene, Yuxi Cheng

Abstract This chapter explores the implications of the risk posed by China for firms from European countries, in the context of their technological capabilities. Drawing on the knowledge-based view, the heterogeneity in firm technological capabilities, derived within the firm through its technological …

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Housing prices and spousal age gap: Evidence from the chinese housing boom

Yuxi Cheng, Ruozhi Xu, Zhong Zhao, Xianqiang Zou

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Firm Resiliency: The Role of Spillovers

Meghana Ayyagari, Yuxi Cheng, Ariel Weinberger

Abstract Using high-frequency data on over 7 million import transactions, we study the disruptions to U.S. firms’ trade patterns and growth immediately following the initial COVID-19 trade shock. While large firms were not direct recipients of government fiscal support, they experienced fewer …

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Firm Termination of Irresponsible Suppliers: The Role of Severity of Irresponsibility

Yuxi Cheng, Anupama Phene

Our paper explores whether and under which conditions a firm terminates its relationship with an irresponsible supplier in its global supply chain. Integrating the systems perspective in the context of sustainability with the literature on organizational aspirations, we posit that firms use …

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It’s (Not) My Game: Green Realignment’s Divergent Impact on Stakeholders in CSiR Firms

Jia Shen, Yuxi Cheng

This study examines the complex interplay between corporate social irresponsibility (CSiR) and stakeholder reactions, focusing on the divergent impacts of sustainability transformations. Specifically, we investigate how efforts to mitigate CSiR's adverse effects on shareholder activism through corporate sustainable strategies—green talent and technology …

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The Global Sourcing of Green Products

Heather Berry, Jasmina Chauvin, Yuxi Cheng, Narae Lee

While international trade in green products is seen as a key factor in facilitating a global transition toward low-carbon economies, our knowledge of firm sourcing strategies for such products is limited. In this paper, we examine how global sourcing strategies for green …

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