Text
Financial Implications of Local and Nonlocal Rival Isomorphism A Signaling Paradox
We develop an isomorphism-signaling framework to explain the likelihood of isomorphic behavior (and nonconformity) by a focal firm toward local rivals and nonlocal rivals and then predict financial performance associated with the action. In the presence of asymmetric information, we predict a causal relationship between rival isomorphism and financial performance that reveals a paradox?that is, we theorize and show conditions in which ?conforming? reflected by rival isomorphic behavior is a signal that ?separates? high-quality from low-quality firms. We consider a firm?s costs and benefits of local and nonlocal rival isomorphism and assert that a firm can signal its quality, which affects financial performance of the equity offering. We test and find support for our hypotheses using a sample of firms raising capital abroad from 1994 to 2005. .Printed Journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| JOM3907 | PSB lt.dasar - Pascasarjana (Majalah) | 1 |
| Penerbit | United States Sage Publications., 2013 |
|---|---|
| Edisi | Vol. 39, No. 7, Nov 2013 |
| Subjek | Performance Underpricing Signaling Isomorphism rival groups |
| ISBN/ISSN | 1557-1211 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 2038 p. |
| Info Detail Spesifik | Journal of Management |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |
|