Author(s)

Xiangmei Ding

Corresponding Author

Xiangmei Ding

ABSTRACT

The integration of international capital markets makes it easier for firms to access capital outside of their home countries. To date international business (IB) scholars have developed a rich tradition of research on how globalization of product markets may affect a firm's organizational form and business strategy. Unfortunately, there is a paucity of studies that explore the challenges firms face in capital markets beyond their domestic boundaries, be it equity, debt, or venture capital markets. The journal of International Management held a special issue to address these theoretical and empirical gaps in prior IB studies. This paper integrates the five empirical researches in this special issue, analyses and concludes the implications of capital markets globalization for firm strategies. We also try to outline promising avenues for future research.

KEYWORDS

International capital markets, Firm strategies