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Country Effects (country + effects)
Selected AbstractsCash Flows and Discount Rates, Industry and Country Effects and Co-Movement in Stock ReturnsFINANCIAL REVIEW, Issue 2 2007John Ammer F36; G15 Abstract We apply the Campbell decomposition to industry-by-country, national, global industry, and world stock index returns using 1995,2003 data. World, global industry, and country factors are all important for each of the two key components of stock returns: news about future dividends and news about future discount rates. Furthermore, the world component of future discount rates is more important than the idiosyncratic component, while the reverse is true for news about future dividends. Our results are broadly consistent with co-movement in future discount rates arising from perceptions of common elements of risk in international equity markets. [source] Unraveling Home and Host Country Effects: An Investigation of the HR Policies of an American Multinational in Four European CountriesINDUSTRIAL RELATIONS, Issue 2 2005PHIL ALMOND This article argues that the institutional "home" and "host" country effects on employment policy and practice in multinational corporations (MNCs) need to be analyzed within a framework which takes more account both of the multiple levels of embeddedness experienced by the MNC, and processes of negotiation at different levels within the firm. Using in-depth case study analysis of the human resource (HR) structure and industrial relations and pay policies of a large U.S.-owned MNC in the IT sector, across Germany, Ireland, Spain, and the United Kingdom, the article attempts to move towards such a framework. [source] Contextual Factors and the Extreme Right Vote in Western Europe, 1980,2002AMERICAN JOURNAL OF POLITICAL SCIENCE, Issue 2 2009Kai Arzheimer Research on the voters of the extreme right in Western Europe has become a minor industry, but relatively little attention has been paid to the twin question of why support for these parties is often unstable, and why the extreme right is so weak in many countries. Moreover, the findings from different studies often contradict each other. This article aims at providing a more comprehensive and satisfactory answer to this research problem by employing a broader database and a more adequate modeling strategy. The main finding is that while immigration and unemployment rates are important, their interaction with other political factors is much more complex than suggested by previous research. Moreover, persistent country effects prevail even if a whole host of individual and contextual variables is controlled for. [source] Similarity, Isomorphism or Duality?BRITISH JOURNAL OF MANAGEMENT, Issue 4 2008Recent Survey Evidence on the Human Resource Management Policies of Multinational Corporations There is considerable debate as to the determinants of the human resource policies of human resource management: do they reflect national institutional or cultural realities, emerging common global practices, parent country effects or the dual effects of transnational and national realities? We use an extensive international database to explore these differences, assessing variations in a range of human resource practices. We find new evidence of national differences in the manner in which indigenous firms manage their people, but also evidence of a similarity in practice amongst multinational corporations. In other words, multinational corporations tend to manage their human resources in ways that are distinct from those of their host country; at the same time, country of origin effects seem relatively weak. Whilst there is some evidence of common global practices, sufficient diversity in practice persists to suggest that duality theories may provide the most appropriate explanation. [source] | ||||||||||