US MNCs foreign cash worth less?

CEIBS Professor of Finance Cong Wang and his co-authors, Prof. Jarrad Harford of University of Washington and Kuo Zhang of Xiamen University, looked at a sample of US-listed multinational firms that disclose their foreign cash holdings. The findings show that the more cash a firm holds overseas, the lower shareholders value that cash. The researchers also found that firms with large cash holdings overseas tend to under-invest domestically and over-invest abroad. Read more about Prof. Cong Wang's research on this topic here.

How China is Driving Sharing Economy Innovation

CEIBS Professor of Marketing Jeongwen Chiang takes us on a deep dive into China’s sharing economy. Among the topics he explores: why China’s sharing economy is among the most advanced and innovative in the world, which sharing platforms are most popular right now with Chinese millennials, and what criteria venture capital investors use to evaluate sharing economy start-ups.

This podcast was recorded during a session at the CEIBS Center for Emerging Market Studies Corporate Roundtable Discussion held on April 11, 2017 at our Shanghai Campus. 

You can find a complete event agenda here.

Learn more about the CEIBS Center for Emerging Market Studies here.

Corporate Tax Reform & MNC's Foreign Cash Holdings

Most US multinational companies park their foreign earnings in jurisdictions with favorable tax policies in order to reduce their tax bill. For example, Ireland charges 12.5 % corporation tax while in the US it’s 35 %. If a multinational wants to repatriate foreign cash back to the US they need to pay the tax difference. CEIBS Prof. Cong Wang explains this taxation issue and discusses how the Trump administration might help solve it, and what the benefits would be. Read more about Prof. Cong Wang's research on this topic here.

Chinese Multinationals Going Global

Why do Chinese companies invest overseas? What is special about Chinese firms going abroad? What challenges are they facing? Philips Chair in Strategy & International Business and Co-Director of CEIBS Centre for Globalisation of Chinese Companies Prof. Klaus Meyer explains.

Visit Professor Meyer's website.

Read Professor Meyer's column "China's Big Bid for Germany's Industry 4.0 Technology" here

Read Professor Meyer's column "Private Equity Helps Chinese MNEs Beat a Path to Europe" here

CSR vs Charity

Is feeding the poor really a good example of corporate social responsibility (CSR)? CEIBS Professor of Economics Bala Ramasamy explains the real meaning of CSR. It may be just as simple as following the labor laws.

China's New Silk Road Initiative

CEIBS' David Gosset explains how and why China's New Silk Road initiative will reshape the world.

Being a Tiger Mom in China

CEIBS Professor of Marketing Lydia Price, an American, explains what it takes to be a tiger mom in China and what this experience taught her about doing business in the most populous country in the world.