Research Spotlight: Immigrants and Foreign Firm Performance

Welcome back to Research Spotlight, a Datapoints series highlighting research emerging from Wharton that has employed library resources. The fourth installment features an article co-authored by Management faculty member Exequiel Hernandez titled “Immigrants and Foreign Firm Performance,” published in Organization Science 31 (4).

Studies have indicated that foreign firms identify regions where immigrants from their home country reside and use that information to improve performance. The article argues that in order to properly measure the impact of immigrants on performance, there must be a distinguishment between how independent foreign firms and multinational corporations benefit from immigrant communities. To test their hypothesis, the authors obtained firm-level data on foreign firms in Russia from the Ruslana database, which is a part of Orbis, one of a collection of products from Bureau van Dijk (BvD). Orbis integrates data from all of the BvD suite, providing detailed information on over 400 million companies, including financials, M&A activity, risk analysis and more.

For more information on Orbis, please contact a Lippincott librarian.

Research Spotlight: Foreign Experience and CEO Compensation

Welcome to the first installment of Research Spotlight, a series of posts highlighting research emerging from Wharton that have made use of data available through library resources. The inaugural feature will look at an article by Martin Conyon et al., “Foreign experience and CEO compensation,” published in the Journal of Corporate Finance 57. 

In this article, the authors examine the correlation between a CEO’s foreign experience and CEO compensation. This examination included peripheral analyses of whether CEOs with foreign experience have a positive impact on a firm’s performance, as well as if foreign experience affects acquisition performance. Discovering these secondary correlations required the use of stock returns and accounting data derived from Datastream and data on foreign acquisitions from SDC Platinum. Both Thomson products, Datastream is a historical financial database that covers equities, bonds, commodities, exchange rates, company fundamentals and more, while SDC Platinum provides transaction- or deal-level details on IPOs, mergers and acquisitions, and VentureXpert private equity/venture capital investments.

For more information on these resources, please see a Lippincott librarian