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Sociology of Culture

Singapore Management University

2010

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Full-Text Articles in Social and Behavioral Sciences

National Culture And Capital Structure Decisions: Evidence From Foreign Joint Ventures In China, Kai Li, Dale W. Griffin, Heng Yue, Longkai Zhao Sep 2010

National Culture And Capital Structure Decisions: Evidence From Foreign Joint Ventures In China, Kai Li, Dale W. Griffin, Heng Yue, Longkai Zhao

Research Collection School Of Accountancy

We investigate the role of firms’ country of origin in financial leverage decisions using data on foreign joint ventures in China. We hypothesize that national culture enters the joint optimization process leading to foreign joint ventures’ leverage decisions and that it affects leverage decisions both directly and indirectly. Using cultural values of mastery and embeddedness to explain country of origin effects, we find that mastery has negative and significant direct effects on foreign joint ventures’ leverage and short-term debt decisions, and a positive and significant direct effect on the likelihood of foreign joint ventures’ having long-term debt. The indirect effects …

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From Collective Memory To Commemoration, Hiro Saito Jul 2010

From Collective Memory To Commemoration, Hiro Saito

Research Collection School of Social Sciences

To have “memory” of an event, humans have to experience it themselves. Learning of an event secondhand, humans acquire knowledge, but not memory. Yet, when sociologists speak of “collective memory,” they routinely include as agents of memory those who do not have firsthand experience of a past event. This inclusion has been taken for granted ever since Maurice Halbwachs (1992) formulated his Durkheimian theory of the relationship between collective memory and commemoration in terms of group solidarity and identity: collective memory emerges when those without firsthand experience of an event identify with those who have such experience, defining …

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