2015-Peking University HSBC Business School(PHBS)

The Stock Price Performance of Spin-Off Subsidiaries, Their Parents, and the Spin-Off ETF, 2001-2013

This article documents the stock price performance of subsidiaries spun off by their corporate parents and of the parents that spun them off from 2001 to 2013

John J. McConnell, Steven E. Sibley, and Wei Xu

ARTICLE | The Journal of Portfolio Management |Vol. 42, 2015

Keywords: Spin-Off Subsidiaries, Spin-Off ETF

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How Do High-Technology Firms Create Value in International M&A? Integration, Autonomy and Cross-border Contingencies

We propose that industry characteristics are very important to an acquiring firm s actions, suggesting the existence of systematic differences in post-acquisition value creation in different industries

Hong Zhu, Jun Xia, Shige Makino

ARTICLE | Journal of World Business |Vol. 50, 2015

Keywords: Cross-border merger and acquisition, Value creation, Integration, Autonomy, Institutional distance, Language difference, International relations

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Credit Conditions and Stock Return Predictability

U S stock return predictability is analyzed using a measure of credit standards(Standards) derived from the Federal Reserve Board s Senior Loan Officer Opinion Survey on Bank Lending Practices

Sudheer Chava, Michael Gallmeyer, Heungju Park

ARTICLE | Journal of Monetary Economics |Vol. 74, 2015

Keywords: Stock predictability, Credit supply, Macroeconomics,Survey data

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The Long-term Performance of Cross-border Mergers and Acquisitions — Evidence from the Chinese Stock Market

We find Chinese firms gain long-term value from CBMAs In particular, we find that Chinese firms tend to gain more value from targets from developed countries

Sai Lan, Fan Yang, Hong Zhu

ARTICLE | Chinese Management Studies |Vol. 9, 2015

Keywords: Cross-border mergers and acquisitions (CBMA), Long-horizon event study, Outward Foreign Direct Investment (OFDI), Chinese stock market, Fama-French model

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A Study on Capacity Allocation Scheme with Seasonal Demand

This paper studies a game-theoretical capacity allocation problem in a two-echelon supply chain comprised of one supplier and N retailers

Jian Zhou, Zheyu Tang, Deming Zhou & Ting Fang

ARTICLE | International Journal of Production Research |Vol. 53, No. 15, 2015

Keywords: Seasonal demand, Capacity allocation, Turn-and-earn, Nash equilibrium

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High-Tech Firms' International Acquisition Performance:The Influence of Host Country Property Rights Protection

Prior research suggests that high-tech firms tend to encounter market transaction uncertainties in countries with weak property rights protection (PRP) and that transaction costs will increase significantly with such uncertainties

Hong Zhu, Gong-ming Qian

ARTICLE | International Business Review |Vol. 24, 2015

Keywords: High-tech firms, Host-country institutions, International acquisition,Post-acquisition performance,Property rights protection

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Lenders and Borrowers' Strategies in Online Peer-to-Peer Lending Market: An Empirical Analysis of PPDAI.COM

We investigate key factors affecting lenders bidding strategies using three measurements for the popularity of loans: funding success, number of bids, and funding time

Yan Feng, Xinlu Fan, Yeujun Yoon

ARTICLE | Journal of Electronic Commerce Research |Vol. 16, 2015

Keywords: Online P2P lending, Lender strategy, Borrower strategy, Borrower types, PPDai

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Competition in Multi-Echelon Distributive Supply Chains with Linear Demand

We studied competition in multi-echelon supply chains with a distributive structure

Deming Zhou, Uday S. Karmarkar, Bo Jiang

ARTICLE | International Journal of Production Research |Vol. 53, 2015

Keywords: Distributed decision-making, Successive Cournot competition, Supply chain management

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Employee Value Congruence and Job Attitudes: The Role of Occupational Status

Purpose – Extant research has shown the positive effects of value congruence on individual attitudes, behaviors and performance

Ting Ren, Darla J. Hamann

ARTICLE | Personnel Review |Vol. 44, No. 4, 2015

Keywords: Occupational status, Quantitative, Nursing homes, Job attitudes, Nursing staff, Value congruence

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Comparing Workplace Organization Design Based on Form of Ownership: Nonprofit, For-Profit, and Local Government

This study offers hypotheses concerning differences in organization design among for-profit (FP), nonprofit (NP), and local government (LG) organizations

Avner Ben-Ner, Ting Ren

ARTICLE | Nonprofit and Voluntary Sector Quarterly |Vol. 44, 2015

Keywords: Organization design, Nonprofit and for-profit comparison, Local government, Nursing homes, Organization structure, Decision-making

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