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A cost-benefit analysis of the Iran-Pakistan gas pipeline Transnational Corporations Review Pub Date : 2022-12-15 Yousaf Ali, Daniyal Ullah Khan, Muhammad Sabir, Aadarsh Jaisinghani
Abstract The energy crisis is not new to Pakistan. Pakistan has to rely on expensive imported natural gas. Pakistan can import cheaper gas from Iran via Iran-Pakistan (IP) gas pipeline. This project is yet to be completed (and operationalised) due to geopolitical conditions, including United Nations and the United States sanctions on Iran. This study aims to find the economic viability of the Iran-Pakistan
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Impact of regulations on the performance of banks- a bibliometric analysis Transnational Corporations Review Pub Date : 2022-12-05 Pallavi Mehrotra, Vidhisha Vyas, Uma Kumar
Abstract The purpose of this paper is to investigate the publication trends in banking regulations (as defined by the Basel Accords) influencing the growth and performance of banks across geographical regions and suggest possible future research opportunities. A bibliometric analysis is undertaken to study the publication trends over a period of three decades. The network linkages have been explored
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Doe technological capabilities matter for Moroccan FDI location choice in African countries? Transnational Corporations Review Pub Date : 2022-11-23 Jihad Ait Soussane, Dalal Mansouri, Zahra Mansouri
Abstract Our paper investigates the effect of digital transformation and the technological capabilities of African countries on Moroccan foreign direct investment location choice, using the Networked Readiness Index (NRI). To this end, we used the estimation methods of FMOLS and EGLS (Cross-section SUR), with panel data of 14 sub-Saharan countries over the period 2007-2020. We concluded that the effect
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Geopolitical risk and uncertainty: how transnational corporations can use scenario planning for strategic resilience Transnational Corporations Review Pub Date : 2022-11-23 Meelis Kitsing
Abstract This article shows conceptually how scenario planning method can be used in corporate strategy-making by considering both risks and uncertainties. Risk assessments can be used as foundation for trends shaping transnational corporations which form basic assumptions for scenarios. Uncertainties are key drivers of geopolitical developments in which combination alternative scenarios emerge. Various
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Introduction for the special issue geopolitical risks and transnational corporations: the case of the Ukrainian Crisis Transnational Corporations Review Pub Date : 2022-11-08 Xiaotong Zhang, Érick Duchesne
Abstract This special issue aims at further understanding of geopolitical risks facing multinational corporations in the context of the Russia–Ukraine war. In the Introduction, we first provide an overview of the contributions of each article in this Special Issue. Secondly, we offer a definition of a geopolitical risk, as “an international risk provoked by geography-related acts” and explain the underlying
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Geographical determinants of foreign direct investment: evidence from sub-Saharan Africa Transnational Corporations Review Pub Date : 2022-10-14 Edmund Kwablah, Anthony Amoah
Abstract This paper investigates time-invariant geographical determinants of FDI in Sub-Saharan African (SSA). To achieve this objective, a panel data model was estimated using the Hausman-Taylor estimation technique. The estimation results show that the coefficients of time-invariant geographical variables, such as geographical size, and area located within the tropics are positive and statistically
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Economic freedom of the world: wholly owned subsidiaries and joint ventures as binary response Transnational Corporations Review Pub Date : 2022-10-12 Mohd Nadeem Bhat, Firdos Ikram, Mohd Nayyer Rahman, Mohd Hammad Naeem
Abstract Drawing on the institutional perspective, the economic freedom index along with its sub-components are analysed and their impact on the choice between wholly owned subsidiary and joint venture investments from India is empirically tested. The results of the binary logistic model reveal that economic freedom and all its sub-components are decisive factors in explaining the choice of entry modes
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Impact of U.S. financial crisis on BRICS: an empirical investigation of macroeconomic and financial indicators Transnational Corporations Review Pub Date : 2022-09-09 Anjala Kalsie, Ashima Arora
Abstract The paper seeks to measure US financial crisis of 2008 and its impact on BRICS economies. The paper contributes to the literature on inter-temporal and inter-country dynamics of US financial crisis of 2008. It combines continuous and discrete approaches for defining and measuring crisis. It uses India as a control which enables inter-country comparison. This is undertaken by segregating the
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Export performance: a study of labour and capital intensive manufacturing industries in India Transnational Corporations Review Pub Date : 2022-09-08 Sonali M. Mohapatra
Abstract This paper makes an attempt to examine the export performance and its determinants of labour and capital intensive industries of the Indian manufacturing sector for the period 2004–2019. The paper found that labour intensive industries are more export-oriented than capital intensive industries. Foreign share, research and development and real effective exchange rate have a positive relationship
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Analysing export quality and ecological footprint nexus: evidence from South Asian countries Transnational Corporations Review Pub Date : 2022-08-17 Maria Mazhar, Muhammad Tariq Majeed
Abstract This study examines the impact of export quality on the ecological footprint (EFP) for selected South Asian economies namely India, Pakistan, Bangladesh, Nepal, and Sri Lanka. The study also checks the presence of the Environmental Kuznets Curve (EKC) hypothesis in these economies over the period 1971–2019. To overcome the heterogeneity issue, the study uses second-generation panel unit root
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Examining the influence of ICT innovation in the finance-tourism nexus in Asia Transnational Corporations Review Pub Date : 2022-08-12 Bosede Ngozi Adeleye, Busayo Aderounmu, Oluwarotimi Owolabi, Victoria Okafor, Abieyuwa Ohonba
Abstract This study adds a new perspective to the finance-tourism relation by examining the role of information and communication technology (ICT) in the dynamics. We interrogate the discourse with data on 44 Asian economies from 2010-2019. The approach entails the use of tourism receipts, domestic credit to the private sector, four ICT indicators (mobile phone subscriptions, fixed telephone subscription
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How to improve the estimation of intra-firm prices for financial and tax reporting during economic downturns Transnational Corporations Review Pub Date : 2022-07-23 Gianni De Robertis, Denis Kondi
Abstract In this article, we propose an approach that can be employed to estimate prices in intra-group trade at times of economic turmoil, and to improve financial, management, and tax reporting by using current macroeconomic data to adjust historic benchmarks. We explored the use of a predictive model, that employs macroeconomic data, and in particular changes in GDP, to predict company profitability
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Trust and ISA performance in emerging markets in South East Europe Transnational Corporations Review Pub Date : 2022-06-16 Nikolaos Sklavounos, Konstantinos Rotsios, Yannis Hajidimitriou
Abstract In this study we explore the critical antecedents of trust in International Strategic Alliances (ISAs). Additionally, we examine the impact of the foreign partner’s trust towards the local partner on ISA performance. Our theoretical development is based on elements drawn from Social Exchange Theory and Transaction Cost Theory. Both theoretical and analytical triangulation strategies are incorporated
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Country of origin and industry FDI agglomeration of MNEs: evidence from India Transnational Corporations Review Pub Date : 2022-06-10 Renjith Ramachandran, Subash Sasidharan
Abstract The spatial distribution of FDI is highly concentrated in India. This study analyses how the collocation of investors from the same country and same industry contributes to the spatial concentration of FDI. Based on the country of origin and industry sector, we categorise the greenfield investments into four categories: investors from the same countries and the same industry, same country
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Foreign ownership and firm performance in Sub-Saharan Africa Transnational Corporations Review Pub Date : 2022-06-02 Allan Webster, Godwin Okafor, Ciara Barrow
Abstract Our study investigates the effects of foreign ownership on firm performance with respect to profitability, productivity, export intensity, and skills acquisition in Sub-Saharan African (SSA) countries. This is particularly important given that in the last three decades, the stock of FDI has increased by over 20,000% in SSA countries. To achieve the objectives of this paper, we employed firm-
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Consumers purchase intention in consumer-to-consumer online transaction: the case of Daigou Transnational Corporations Review Pub Date : 2022-05-28 Lei Li, Ji Xu, Uma Kumar
Abstract As a subset of e-commerce, social commerce has been a hot topic. Daigou (surrogate shopping) is a special business model where shoppers purchase products from stores abroad for consumers. Although facing risks like getting counterfeit products, some buyers still choose to purchase products, especially beauty, luxury and consumer electronics, from Daigou shoppers. The authors apply social cognitive
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Improving knowledge on the entry mode decisions of emerging market multinationals Transnational Corporations Review Pub Date : 2022-05-18 Lijun Dong, Frank McDonald, Jiaguo Xie
Abstract A significant number of studies explore outward foreign direct investment (OFDI) by emerging market multinationals (EMNEs) mainly focussing on the rationale for and the evolution of such investments. It is not clear if the entry mode patterns established in studies on developed economy multinationals (DMNEs) are valid for EMNEs. This study assesses the literature on entry mode by EMNEs by
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Review of new political risks for the multinational energy corporations in the Caspian basin: a study for Azerbaijan Transnational Corporations Review Pub Date : 2022-05-19 Ulviyye Sanili Aydin, Ahmet Nazmi Uste
Abstract Azerbaijan is known for its rich oil and natural gas resources and transit location in the Caspian basin. This article explores current political risks for the energy Multinational Corporations (MNC’s) in Azerbaijan. In order to identify a political risk, a literature review is conducted, highlighting four categories proposed by Fitzpatrick as the main framework to understand the conditions
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The machinery value chain in Brazil: mapping for upgrading Transnational Corporations Review Pub Date : 2022-05-12 Cristina Froes de Borja Reis, Knut Blind
Abstract This paper aims at mapping machinery value chains in Brazil to check the validity of the smiling curve and the impacts of the COVID-19 crisis, investigating opportunities for upgrading. The empirical methodology is based on qualitative research among 50 machinery manufacturing companies in three steps: online survey, interviews, and poll. The main conclusion is that the executives in our sample
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Nexus between external commercial borrowings and foreign exchange reserves in India: mercantilism or moral hazard? Transnational Corporations Review Pub Date : 2022-04-22 Ashis Kumar Pradhan, Gourishankar S. Hiremath
Abstract We examine the nexus between the staggering rise in the central bank’s forex reserves and corporate borrowings denominated in foreign currency. We use dynamic panel data models by drawing novel data of Indian firms to probe the moral hazard hypothesis. Our investigation shows no evidence that forex reserves act as an implicit guarantee for the corporate sectors to borrow in foreign currency
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Downgrading as a strategy from the suppliers’ perspective in global value chain: towards a conceptual framework and directions for future research Transnational Corporations Review Pub Date : 2022-04-18 Md. Noor Un Nabi, S. M. Misbauddin, Utz Dornberger
Abstract In the global value chain, suppliers from emerging countries get involved in the upgrading of activities. This paper postulates that firms from emerging countries can reach international markets by downgrading value chain activities. We conducted a bibliometric analysis on the downgrading literature by compiling 212 publications from 2001 to 2020. To identify the most influential articles
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Determinants of the adoption of big data analytics in business consulting service: a survey of multinational and indigenous consulting firms Transnational Corporations Review Pub Date : 2022-03-24 Babajide Oyewo, Alero Obanor, Chinwe Iwuanyanwu
Abstract This study investigates the factors affecting the adoption of big data analytics (BDA) by business consulting firms. With the aid of a structured questionnaire, survey data was obtained from one hundred and eighteen (118) business and management consultants working in multinational and indigenous consulting firms in Nigeria. Discriminant analysis and multinomial logistic regression were applied
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The drivers of successful regional expansion: evidence from multinational corporations in Latin America during 1990–2005 Transnational Corporations Review Pub Date : 2022-03-17 Raju Parakkal, Joseph Johnson, Sherry Bartz-Marvez
Abstract Multinational firms that enter regional country blocks, such as Latin America, often choose a beachhead country, i.e. an entry point, as a launchpad into other countries in the region. While some recent scholarship examines beachhead decisions, research that explicitly examines beachhead choice in a regional context and the subsequent speed of expansion and firm performance in the region is
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Impact of outward FDI on exports: a theoretical and empirical review Transnational Corporations Review Pub Date : 2022-03-04 Kanika Kapoor, Renu Arora
Abstract There are theoretical predictions that support the standard theory that outward investment and exports are substitutes but empirical evidence gives a different picture altogether. The majority of the empirical studies show a complementary relationship between the two variables in question. Still, after 40 years there is no consensus. The relationship also differs because of disaggregation
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Exploring trade and technological linkages: evidence from India’s sectoral GVC participation Transnational Corporations Review Pub Date : 2022-02-28 Kashika Arora, Areej Aftab Siddiqui
Abstract The present paper aims at exploring performance of India’s performance showcasing differing technological strength and competitive trade performance from 1991 to 2017 across two significant manufacturing sectors. The factors capturing trade competitiveness in the form of revealed comparative advantage (RCA) and trade margins and variables considering technological capabilities/competence through
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Influence of emotional intelligence on enterprise performance with mediating role of entrepreneurial resilience: a case of SMEs in Pakistan under the light of Covid-19 Transnational Corporations Review Pub Date : 2022-02-26 Mukaram Ali Khan, Syed Sohaib Zubair, Syed Nazar Mehmood Shah
Abstract This study investigates the role of Emotional Intelligence (EI) in SMEs of Pakistan. It is assumed that EI of entrepreneurs can influence the performance of SMEs even in times of a crisis like Covid-19. The majority of the business sectors got disturbed and lost their stakes due to this pandemic. EI can play a vital role to enhance the performance of enterprises and manage this crisis with
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Foreign direct investment and economic growth in Sub-Saharan Africa: the complementary role of economic freedom and financial market fragility Transnational Corporations Review Pub Date : 2022-02-26 Edmund Kwablah, Anthony Amoah
Abstract In line with the neoclassical growth theory, this study examines the complementary role of economic freedom and financial fragility in the foreign direct investment (FDI) – growth nexus for 36 Sub-Saharan (SSA) Africa countries spanning the period 1998 to 2016. The study hypothesises that for FDI to translate into growth, financial market development that account for fragility and economic
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Challenges for the accounting and reporting of research and development expenditures in Bulgaria Transnational Corporations Review Pub Date : 2022-02-21 Daniela Ventsislavova Georgieva, Teodora Marinova Georgieva
Abstract To be successful, modern entrepreneurs, especially the ones who cross borders to compete internationally, need to develop new unique product offerings to attract potential customers and ensure their loyalty. The present study examines these processes in two aspects. From the perspective of entrepreneurs, the national business environment specifics, including the legal framework for reporting
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Governance, FDI and tourism in top 10 tourist destinations in Africa Transnational Corporations Review Pub Date : 2022-02-21 Tolulope T. Osinubi, Folorunsho M. Ajide, Olufemi B. Osinubi
Abstract The study examines the impact of foreign direct investment (FDI) and governance quality on tourism demand in selected 10 African countries. We further examine the role of governance quality in the FDI-tourism demand nexus. The study employs panel data of 10 most preferred tourist countries in Africa over a period of 1995–2019. These data are sourced from World Bank Development Indicators and
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Analysis of barriers in green human resource implementation for enhancing organizational sustainability: a DEMATEL approach Transnational Corporations Review Pub Date : 2022-02-11 Alpana Agarwal, Komal Kapoor
Abstract Adoption of Green HRM practices within an organisation may face many challenges and issues which can be both strategic and tactical. It is important to understand how and what kind of green HRM practices are lacking in the organisations and what are the barriers to successful implementation of the same. The aim of this article is to identify the barriers to Green HRM implementation by extensive
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Governance and foreign direct investment: is the low and middle income Africa region different? Transnational Corporations Review Pub Date : 2022-02-04 Najeh Bouchoucha
Abstract This paper examines the effect of political governance, economic governance and institutional governance on FDI inflows on a sample of 32 African countries: 15 low income countries and 17 middle income countries, over the period of 1996–2019. Our empirical study used both aggregated analysis and the system generalised method of moments (System-GMM). The aggregate approach consists to use three
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Endogenous threshold effects and transmission channels of foreign aid on economic growth: evidence from WAEMU zone countries Transnational Corporations Review Pub Date : 2022-01-28 Nimonka Bayale, Fousseini Traoré, Souleymane Diarra, Faustin Maniraguha
Abstract This paper analyses threshold effects and transmission Channels of foreign aid on economic growth of WAEMU countries using the World Bank, the International Monetary Fund and the International Country Risk Guide databases to cover the period spanning from 1980 to 2018. After applying endogenous threshold approach to determine aid threshold above which its affects growth and estimate its long-term
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Multi-layer, multi-tier analysis of global supply chain in medical equipment sector: network science application Transnational Corporations Review Pub Date : 2022-01-18 Kayvan Miri Lavassani, Bahar Movahedi, Raghavan J. Iyengar
Abstract The COVID-19 pandemic has highlighted the fragility of the globally intertwined supply chains. Our primary motivation is to demonstrate a new networked-based multi-tier and multi-level analysis of the global supply chain of medical equipment, which is enabled by a novel approach in data mining of financial records of corporations at a global scale. This work may be a harbinger for future research
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Effects of political stability, oil prices and financial uncertainty on real economic growth of Gulf cooperation council countries Transnational Corporations Review Pub Date : 2022-01-13 Mahmood Alhamran, Nanthakumar Loganathan, Narayan Sethi, Asan Ali Golam Hassan
Abstract This paper examines the effect of the political, oil prices, and financial uncertainty on the real economic growth of the gulf cooperation council (GCC) countries from 1980 until 2019 using the dynamic and fully modifies and the quantile panel regression. The empirical results provide the evidence that oil prices, political stability, and globalisation have a positive impact on the real economic
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Does financial inclusion enhance financial stability? Evidence from a developing economy Transnational Corporations Review Pub Date : 2021-12-28 Antony R. Atellu, Peter W. Muriu
Abstract In response to the global 2007–2009 financial crisis, central banks and policy makers globally, have spearheaded reforms aimed at improving financial stability. At the same time, a lot of effort and resources have been devoted to access and use of quality financial services by both households and firms. Existing literature suggests both positive and negative impact of financial inclusion on
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What attracts Greenfield foreign direct investment inflows to Asia? Evidence from firms’ motives Transnational Corporations Review Pub Date : 2021-11-30 Sasidaran Gopalan, Aizhan Sharipova
Abstract Understanding the determinants of Greenfield FDI inflows has been a subject of intense empirical enquiry in the extant literature. Despite the proliferation of studies, one of the missing ingredients from the existing literature has been its inability to examine closely the evolution of multinational firms’ motives attached to undertaking Greenfield FDI inflows, especially in Asia. Exploiting
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Effects of Facebook advertising on sustainable brand loyalty and growth: case of Thai start-up businesses Transnational Corporations Review Pub Date : 2021-11-11 Chaiyawit Muangmee
Abstract Facebook presents an excellent opportunity and flexible way for firms to improve their interactions with new and potential customers, business contacts, and grow their businesses. This study investigated the use of Facebook advertising by Start-ups to promote their products and improve sustainable brand loyalty and growth. Survey data from 225 start-up firms from food and fashion industry
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The impact of foreign direct investment and international remittances on poverty: evidence from Sub-Saharan African Countries in 1996–2017 Transnational Corporations Review Pub Date : 2021-10-28 Zouhaier Aloui, Samir Maktouf
Abstract This paper investigates the causal relationship between Foreign Direct Investment, remittances and poverty in Sub-Saharan African countries using simultaneous equations models over the period 1996–2017. Global panel results showed that there is a bi-directional causal relationship between remittances and poverty as well as FDI and remittances. However, there is unidirectional causality from
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Evolving transnational consumer behaviors under COVID-19: determinants of students’ intention to use Web 3.0 Transnational Corporations Review Pub Date : 2021-10-27 Singha Chaveesuk, Kamolwan Suaysukvicha
Abstract COVID-19 pandemic has created havoc around the globe and affected face-to-face teaching. Due to which universities have adopted online learning systems to facilitate students’ learning. This study aims to assess the impact of internal and external factors that affect students’ intention to use Web 3.0. Perceived enjoyment (PE), facilitating conditions (FC), and perceived compatibility (PC)
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Does foreign aid influence economic growth? Evidence from South Asian countries Transnational Corporations Review Pub Date : 2021-09-15 Aruna Kumar Dash
Abstract We analyse the effectiveness of foreign aid on economic growth of eight South Asian countries, such as Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka from 1996 to 2018. By using the panel Fully Modified Least Squares (FMOLS) model, we find a long‐run equilibrium relationship between economic growth, trade openness, foreign aid, gross fixed capital formation
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Foreign direct investment and corporate social responsibility: evidence from South African listed firms Transnational Corporations Review Pub Date : 2021-07-13
Abstract This study investigates empirically the impact of inward FDI on host firm Corporate Social Responsibility (CSR) performance in South Africa. The data used for the study was sourced from the Johannesburg Stock Exchange and the Public Investment Corporation Governance Survey index for a period of 3 years ranging from 2011 to 2013. The study employs Panel Corrected Standard Errors (PCSE) and
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Strategic management and evaluation of the performance of family firms using management control system Transnational Corporations Review Pub Date : 2021-08-27
Abstract This study was about the strategic management and evaluation of the performance of family firms, and the mediating effects that influence family businesses in management and application of systems in management control in Thailand. The quantitatively study used a sample size of 312 respondents who were managers of family firms in Thailand. Structural equation modelling was used to test correlations
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Global value chains and export growth in South Africa: evidence from dynamic ARDL simulations Transnational Corporations Review Pub Date : 2021-08-06
Abstract Over the past few decades, the international trading system has become strongly organised around global value chains. Theoretical and empirical research show that there are numerous benefits associated with participation in global value chains. However, empirical findings on the importance of backward and forward linkages into global value chains are still limited. This paper makes a contribution
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Fiscal decentralization, institutional quality, and government size: an asymmetry analysis for Asian economies Transnational Corporations Review Pub Date : 2021-08-05 Sidra Sohail, Sana Ullah, Attiya Yasmin Javid
Abstract This study aims to examine the asymmetric effects of fiscal decentralisation and institutional quality on government size for selected Asian economies. The study employs asymmetric autoregressive distributed lag (ARDL) methodology by using time series data ranging from the period 1984 to 2017. The results show that positive shocks in expenditures decentralisation (ED) enhance government size
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Impact of uncertainty and start-up opportunities on technopreneurial start-up success in emerging countries Transnational Corporations Review Pub Date : 2021-07-28 Tiep Le Thanh, Muhammad Mohiuddin, Huan Ngo Quang
Abstract This study evaluates the impact of uncertainty on successful start-ups (SSU) and how the start-up opportunities (SOP) mediate this relationship. A survey questionnaire has been used for data collection and SmartPLS was used for data analysis. Start-up Techno-preneurs based in Vietnam have responded our questionnaire in August, 2020. The findings suggest a significant positive impact of uncertainties
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A Fuzzy Delphi analytic job demands-resources model to rank factors influencing open innovation Transnational Corporations Review Pub Date : 2021-07-28 Alhamzah Alnoor, Hasan Oudah Abdullah, Hadi AL-Abrrow, Khai Wah Khaw, Intisar Abas Al-Awidi, Sammar Abbas, Amina Omrane
Abstract This study aims to determine the impact of the job demands-resources model and professional identity on open innovation in the industrial sector by adopting technology as a mediating variable. The factors that influence open innovation were identified based on the Fuzzy Delphi method. Hence, the quantitative (questionnaire survey) design was used to gather 260 employees in the industrial sector
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Effects of innovation on corporate performance of manufacturing companies: which roles associated to social responsibility? Transnational Corporations Review Pub Date : 2021-07-14 Mohsen Akbari, Amina Omrane, Arezoo Hoseinzadeh, Hani Nikookar
Abstract The present research aims at examining the overall impacts of innovation on corporate performance through the lens of the social responsibility perspective. For this purpose, 184 complete questionnaires were obtained from 250 managers of manufacturing companies located in the Rasht Industrial city during 2019–2020. Gathered data were subject to a SEM (Structural Equation Modelling) analysis
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COVID-19 pandemic and stock market reaction: empirical insights from 15 Asian countries Transnational Corporations Review Pub Date : 2021-05-31 Pabitra Kumar Mishra, Santosh Kumar Mishra
Abstract Since 2020, the world has been passing through a difficult time due to the outbreak of COVID-19 Pandemic. This novel public health emergency has created both demand- and supply-side shocks affecting both real and financial sectors of economies globally. One of the noteworthy immediate consequences of it was sudden nosedive of stock markets across countries in the globe. In this pre-text, this
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COVID-19 regulatory responses and FDI in the United States: trends and implications for capital flows Transnational Corporations Review Pub Date : 2021-06-08 Linus Nyiwul
Abstract Investment regulations implemented by the US government as part of the response to COVID-19 have implications for capital flows. The objective of this paper is to analyse how these regulations affect FDI flows, the potential long-term consequences for the United States and developing economies. We use secondary data to chart trends and simple descriptive and analytic framework to synthesise
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Impact of Covid-19 pandemic on global output, employment and prices: an assessment Transnational Corporations Review Pub Date : 2021-06-21 Anisul M. Islam
Abstract The effects on human health and life have been catastrophic and its adverse economic effects have been profound, as many countries are engaged in lockdowns, social distancing, mobility, and other restrictions. These have caused unprecedented disruptions in production, distribution, consumption, supply chains, tourism, trade, investments, among others. This paper utilises a simple conceptual
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How much unemployment and inflation is going to be generated by COVID-19? Transnational Corporations Review Pub Date : 2021-06-21 Mario Arturo Ruiz Estrada
Abstract The impact of post-COVID-19 on economic growth is obviously substantial, but measuring such impact to get a sense of the intensity of its effects on inflation and unemployment is subject to a great deal of uncertainty. As such, this paper primarily attempts to close this gap by introducing the COVIDECONOMICS-19-Simulator (COVIDECONOMICS-19-Simulator), a new economic instrument that could be
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Financial performance, firm value, transparency and corporate governance. Evidences from family-owned business in UAE Transnational Corporations Review Pub Date : 2021-06-28 Misbah Sadiq, Tarek Roshdy Abdelhalem Gebba
Abstract The purpose of this study is to investigate the relationship among financial performance (FP), firm value (FV), transparency and corporate governance (CG) from family-owned business in the United Arab Emirates (UAE). This study used secondary data sets for analysis. This study applied descriptive statistics and cross-section analysis in order to better understand the actual facts and figures
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Estimating the impact of COVID-19 on South Asia's exports: does trade facilitation matter now more than ever? Transnational Corporations Review Pub Date : 2021-06-18 Mamta Kumari, Nalin Bharti
Abstract The COVID-19 has posed a real threat to global trade as the forecast shows an unprecedented decline of trade in 2020. In such a situation, trade facilitation (TF) has been considered as an effective strategy to revive trade. However, primary questions emerge - what extent pandemic would affect exports and how much improvement in TF is needed for recovery. The present study endeavours to answer
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What accelerates industry value added in middle-income countries: is there a differential impact in low-income countries? Transnational Corporations Review Pub Date : 2021-06-07 Chukwuebuka Bernard Azolibe
Abstract This study determines whether macroeconomic factors such as gross capital formation, infrastructure development, household consumption expenditure, bank credit, labour force, foreign direct investment, trade openness and political stability/absence of violence and terrorism that accelerate industry value added in middle-income countries have differential impact in low-income countries. Employing
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Finance for SMEs and its effect on growth and inequality: evidence from South Africa Transnational Corporations Review Pub Date : 2021-05-18 Lwanga Elizabeth Nanziri, Peter Simiyu Wamalwa
Abstract In this paper, we analyse the effects of relaxing financial constraints on economic growth, total factor productivity and inequality, using a micro-founded general equilibrium model and firm-level data for South Africa. The results show that relaxing participation constraints, along with a marginal reduction in collateral requirements and monitoring costs, increases GDP by 3% points, while
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Modelling two-way relationship between innovation and internationalisation: does learning by export matter? Transnational Corporations Review Pub Date : 2021-05-11 Mohd Shadab Danish, Salman Haider, Madan Dhanora, Ruchi Sharma
Abstract This study has picked up an essential question for the Indian pharmaceutical industry, whether innovation and internationalisation follow a two-way relationship during the product patent regime. This study analyzes the role of product, process and variety of innovation on exporting activities of 168 pharmaceutical firms from 2006 to 2013. For this purpose, this study applies two-stage least
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Trust as a governance mechanism of the relationship between venture capitalists and managers of venture capital-backed firms in Morocco Transnational Corporations Review Pub Date : 2021-04-23 Slimane Ed-Dafali, Brahim Bouzahir
Abstract Numerous theoretical and empirical studies have investigated the phenomenon of venture capitalists’ involvement in new ventures. However, there has been a lack of attention to the VCs’ involvement in corporate social responsibility (CSR) issues with respect to Moroccan venture-backed firms. The purpose of the study was to examine the dynamic behaviour of venture capitalists (VCs) and the mediating
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Digital economy in a global perspective: is there a digital divide? Transnational Corporations Review Pub Date : 2021-02-09 K. V. Bhanu Murthy, Anjala Kalsie, Rishika Shankar
Abstract This paper aims at analysing the state of the Digital Economy by observing growth patterns of some Developmental Variables (GDP and GDP Per capita) and some digitisation variables. We have analysed with the help of growth models, correlation and Granger Causality amongst Developing, Developed and the World Economy during a period of recent 15 years. There are five main findings. First, the
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Will multinational enterprises contribute to Poland’s economic resilience and recovery during and post COVID-19 pandemic Transnational Corporations Review Pub Date : 2021-02-26 Stanisław Umiński, Aleksandra Borowicz
Abstract Being part of the integration grouping, Poland benefits from the geographic, cultural and cognitive proximity to the largest investors. Making reference to the vulnerability concept and the changing nature of globalisation, presenting stylised facts on foreign direct investment (FDI) and comparing FDI to other foreign capital flows – the paper aims to predict the role of foreign-owned entities
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Canadian FDI in a post COVID-19 world: have we reached the tipping point? Transnational Corporations Review Pub Date : 2021-02-01 Walid Hejazi, Jianmin Tang
Abstract The highly contagious COVID-19 virus spread across the world in a matter of months, beginning in the second half of 2019 and being declared a global pandemic by March, 2020. To limit its continued spread, large parts of economies around the world were shut down, including in Canada and the USA. These actions resulted in levels of unemployment and contractions in GDP not seen since the Great