Pub Date : 2023-12-18DOI: 10.1080/10669868.2023.2292786
Sheena Rehman, Irfan Ahmad, Vandana Singh, Ahmad Hasan
Since the 1980s–90s, Venture capital has grown to be widely considered as an effective source of funding for creative operations besides playing a pivotal role in the development of economies. Focu...
{"title":"An Investigation into the Determinants of Venture Capital Investment: Evidence from Emerging Economies of Asia Pacific","authors":"Sheena Rehman, Irfan Ahmad, Vandana Singh, Ahmad Hasan","doi":"10.1080/10669868.2023.2292786","DOIUrl":"https://doi.org/10.1080/10669868.2023.2292786","url":null,"abstract":"Since the 1980s–90s, Venture capital has grown to be widely considered as an effective source of funding for creative operations besides playing a pivotal role in the development of economies. Focu...","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"58 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138825590","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-25DOI: 10.1080/10669868.2023.2272998
Gregory Brock
AbstractUsing convergence estimations, the economies of the towns and districts of Rostov Oblast are shown to be resilient to four shocks to the economy – initial sanctions (2019), initial COVID and continuing sanctions (2020), continuing sanctions and worsening COVID (2021), war, harsher sanctions and declining COVID (2022). Agricultural output is resilient and represents an important growth sector for the Russian economy. Housing and floor area construction are resilient with even gross production being maintained. Labor indicators show a severe shock to unemployment and vacancies in 2020 followed by recovery in 2021 and a much tighter labor market in 2022.Keywords: ConvergenceO47R11R12resiliencyRostov region Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 In March 2022 most of these data on the territorial branch web sites disappeared for several months. However, these data reappeared sometime in fall 2022 with prior months reports now available.2 We did look at both of these variables per square kilometer as well, but the results are no different than just looking at gross production only. Overall area per square kilometer doubled from 8 to 16 between 2014 and 2022 while area per square kilometer for single family housing doubled from 6 to 14 as well.
{"title":"COVID and Sanctions Resiliency in a Russian Region: The Case of Rostov Oblast 2010–2022","authors":"Gregory Brock","doi":"10.1080/10669868.2023.2272998","DOIUrl":"https://doi.org/10.1080/10669868.2023.2272998","url":null,"abstract":"AbstractUsing convergence estimations, the economies of the towns and districts of Rostov Oblast are shown to be resilient to four shocks to the economy – initial sanctions (2019), initial COVID and continuing sanctions (2020), continuing sanctions and worsening COVID (2021), war, harsher sanctions and declining COVID (2022). Agricultural output is resilient and represents an important growth sector for the Russian economy. Housing and floor area construction are resilient with even gross production being maintained. Labor indicators show a severe shock to unemployment and vacancies in 2020 followed by recovery in 2021 and a much tighter labor market in 2022.Keywords: ConvergenceO47R11R12resiliencyRostov region Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 In March 2022 most of these data on the territorial branch web sites disappeared for several months. However, these data reappeared sometime in fall 2022 with prior months reports now available.2 We did look at both of these variables per square kilometer as well, but the results are no different than just looking at gross production only. Overall area per square kilometer doubled from 8 to 16 between 2014 and 2022 while area per square kilometer for single family housing doubled from 6 to 14 as well.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"35 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135112268","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-10DOI: 10.1080/10669868.2023.2266421
Anna Veselova, Yulia Aray, Liubov Ermolaeva
AbstractThe paper explores a unique phenomenon of systemic companies and their corporate social responsibility (CSR) activities in a weak institutional environment and extensive institutional voids that push them to take diverse obligations. The paper uses the data from 223 Russian public companies and employs conventional statistical methods to test hypotheses. Our results show that systemic companies are inclined to disclose information about their CSR activities, especially, in their social dimension due to their social obligations in the local markets and necessity to gain legitimacy in host markets. Moreover, Russian companies with international activities are more active in CSR disclosure than purely domestic ones.Keywords: CSRdisclosureinstitutional voidslegitimizationmonocitiesRussiasystemic companies Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis work was supported by Saint Petersburg State University, grant ID 60419171.
{"title":"CSR Disclosure in Russian Systemic Companies: Driving Force of International Environment and Domestic Institutions","authors":"Anna Veselova, Yulia Aray, Liubov Ermolaeva","doi":"10.1080/10669868.2023.2266421","DOIUrl":"https://doi.org/10.1080/10669868.2023.2266421","url":null,"abstract":"AbstractThe paper explores a unique phenomenon of systemic companies and their corporate social responsibility (CSR) activities in a weak institutional environment and extensive institutional voids that push them to take diverse obligations. The paper uses the data from 223 Russian public companies and employs conventional statistical methods to test hypotheses. Our results show that systemic companies are inclined to disclose information about their CSR activities, especially, in their social dimension due to their social obligations in the local markets and necessity to gain legitimacy in host markets. Moreover, Russian companies with international activities are more active in CSR disclosure than purely domestic ones.Keywords: CSRdisclosureinstitutional voidslegitimizationmonocitiesRussiasystemic companies Disclosure statementNo potential conflict of interest was reported by the author(s).Additional informationFundingThis work was supported by Saint Petersburg State University, grant ID 60419171.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136353380","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-25DOI: 10.1080/10669868.2023.2258873
Kia Hamid Yeganeh
AbstractThis study analyzes the effects of cultural, religious, and linguistic differences on bilateral trade. We conceptualize these differences as cultural distance, religious distance, religious denominations difference, language diversity, and linguistic distance. We collect trade data for more than 50 countries over ten consecutive years and build an augmented gravity model. The empirical analysis reveals that language diversity impedes trade, but variations in cultural distance and religiosity tend to facilitate bilateral trade. The findings suggest that cultural and religious dissimilarities between partners are not necessarily detrimental to international trade as some differences in culture and religiosity can promote international trade.Keywords: Culturegravity modelinternational tradelanguagereligiontrade Disclosure statementNo potential conflict of interest was reported by the authors.
{"title":"An Analysis of the Effects of Cultural, Religious, and Linguistic Differences on International Trade","authors":"Kia Hamid Yeganeh","doi":"10.1080/10669868.2023.2258873","DOIUrl":"https://doi.org/10.1080/10669868.2023.2258873","url":null,"abstract":"AbstractThis study analyzes the effects of cultural, religious, and linguistic differences on bilateral trade. We conceptualize these differences as cultural distance, religious distance, religious denominations difference, language diversity, and linguistic distance. We collect trade data for more than 50 countries over ten consecutive years and build an augmented gravity model. The empirical analysis reveals that language diversity impedes trade, but variations in cultural distance and religiosity tend to facilitate bilateral trade. The findings suggest that cultural and religious dissimilarities between partners are not necessarily detrimental to international trade as some differences in culture and religiosity can promote international trade.Keywords: Culturegravity modelinternational tradelanguagereligiontrade Disclosure statementNo potential conflict of interest was reported by the authors.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"309 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135816271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-30DOI: 10.1080/10669868.2023.2252825
Kyriakos A. Metaxas, Harry Papapanagos, A. Koulakiotis
{"title":"Retail Interest Rate Differentials in the Eurozone: A Co-Integration Analysis Approach","authors":"Kyriakos A. Metaxas, Harry Papapanagos, A. Koulakiotis","doi":"10.1080/10669868.2023.2252825","DOIUrl":"https://doi.org/10.1080/10669868.2023.2252825","url":null,"abstract":"","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48972443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-26DOI: 10.1080/10669868.2023.2252827
C. Boța-Avram
{"title":"The Moderating Role of Education in The Corruption- Ease of Doing Business Nexus: Evidence from CEE Countries","authors":"C. Boța-Avram","doi":"10.1080/10669868.2023.2252827","DOIUrl":"https://doi.org/10.1080/10669868.2023.2252827","url":null,"abstract":"","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-08-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48480528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-24DOI: 10.1080/10669868.2023.2248121
Tola Alemu, Tekilu Tadesse Choramo, Aleka Jeldu
Abstract This study aimed to analyze the impact of external debt on economic growth with mediating role of institutional quality by employing a heterogeneous panel Autoregressive distributed lag (ARDL) model through a pooled mean group (PMG) estimator over periods of 22 years spanning from 1998 to 2019 in East African countries. The finding reveals a significant long-term positive relationship between the stock of external debt as a percentage of GNI and economic growth. However, its square revealed a significant long-term negative relationship, suggesting a non-linear relationship. The positive effect of external debt on economic growth is limited to a threshold level of 62.9%. According to the error term’s coefficient, the rate at which short-run returns to long-run equilibrium became disequilibrium in the current year was 45.5%. Furthermore, the result shows that institutional quality’s indirect effect on external debt interaction had a significant positive impact on economic growth, indicating that the negative impact of external debt on economic growth decreased as the region’s institutional quality rose. Therefore, a comprehensive improvement in institutional quality is required to both lessen the negative effects of external debt and maximize the benefits of government borrowing. In order to stabilize the external debt, governments should cut back on wasteful spending and uphold sound fiscal management.
{"title":"External Debt, Institutional Quality and Economic Growth in East African Countries","authors":"Tola Alemu, Tekilu Tadesse Choramo, Aleka Jeldu","doi":"10.1080/10669868.2023.2248121","DOIUrl":"https://doi.org/10.1080/10669868.2023.2248121","url":null,"abstract":"Abstract This study aimed to analyze the impact of external debt on economic growth with mediating role of institutional quality by employing a heterogeneous panel Autoregressive distributed lag (ARDL) model through a pooled mean group (PMG) estimator over periods of 22 years spanning from 1998 to 2019 in East African countries. The finding reveals a significant long-term positive relationship between the stock of external debt as a percentage of GNI and economic growth. However, its square revealed a significant long-term negative relationship, suggesting a non-linear relationship. The positive effect of external debt on economic growth is limited to a threshold level of 62.9%. According to the error term’s coefficient, the rate at which short-run returns to long-run equilibrium became disequilibrium in the current year was 45.5%. Furthermore, the result shows that institutional quality’s indirect effect on external debt interaction had a significant positive impact on economic growth, indicating that the negative impact of external debt on economic growth decreased as the region’s institutional quality rose. Therefore, a comprehensive improvement in institutional quality is required to both lessen the negative effects of external debt and maximize the benefits of government borrowing. In order to stabilize the external debt, governments should cut back on wasteful spending and uphold sound fiscal management.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48258649","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-22DOI: 10.1080/10669868.2023.2248129
Pavla Marciánová, P. Pirožek, L. Komárková
Abstract Our study examines the view of the comparison of family and non-family businesses in countries that are in close proximity and share the same border at several levels. The first level is the historical context, the next is the territorial/national context, and the last is the management context of the enterprise. Results display that within the history and ideology context in cross-border comparison we can find fundamental differences in human and process capital and that Czech companies lag far behind Austrian companies in using their strengths about the competition. The difference between Czech and Austrian businesses within the context of management lies in the incorporation and utilization of tangible and intangible resources.
{"title":"The Effect of Entrepreneurial Environment on Resource Use: A Czech-Austrian Comparison of Family and Non-family Businesses in Historical Context","authors":"Pavla Marciánová, P. Pirožek, L. Komárková","doi":"10.1080/10669868.2023.2248129","DOIUrl":"https://doi.org/10.1080/10669868.2023.2248129","url":null,"abstract":"Abstract Our study examines the view of the comparison of family and non-family businesses in countries that are in close proximity and share the same border at several levels. The first level is the historical context, the next is the territorial/national context, and the last is the management context of the enterprise. Results display that within the history and ideology context in cross-border comparison we can find fundamental differences in human and process capital and that Czech companies lag far behind Austrian companies in using their strengths about the competition. The difference between Czech and Austrian businesses within the context of management lies in the incorporation and utilization of tangible and intangible resources.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48553057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Since green patents have been rising rapidly over the past few years, countries are recognizing the need to foster green innovation to address the most serious issue of the 21st century i.e. climate change. This paper examines green innovation, focusing on institutional theory and venture capital in BRICS countries. Using fixed effect method of panel regression analysis, it is discovered that Institutional framework of countries with the integration of stringent environmental regulation and venture capital considerably drive green innovation. This study is unique since it combines Institutional and financial perspectives to examine the factors that drive environment sustainability through green innovation.
{"title":"Does Institutionalism Coupled with Venture Capital Drive Green Innovation?","authors":"Sheena Rehman, Jeevananthan Manickavasagam, Sadichha Sharma","doi":"10.1080/10669868.2023.2242842","DOIUrl":"https://doi.org/10.1080/10669868.2023.2242842","url":null,"abstract":"Abstract Since green patents have been rising rapidly over the past few years, countries are recognizing the need to foster green innovation to address the most serious issue of the 21st century i.e. climate change. This paper examines green innovation, focusing on institutional theory and venture capital in BRICS countries. Using fixed effect method of panel regression analysis, it is discovered that Institutional framework of countries with the integration of stringent environmental regulation and venture capital considerably drive green innovation. This study is unique since it combines Institutional and financial perspectives to examine the factors that drive environment sustainability through green innovation.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48483180","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-07DOI: 10.1080/10669868.2023.2242854
Yuldoshboy Sobirov, J. Jeong, M. Karimov, D. Bekjanov
Abstract For the purpose of this paper, we examine the association between foreign direct investment, openness to trade, infrastructure, innovation, and economic development in 10 members of the Commonwealth Independent States between 2000 and 2020 using a panel Autoregressive Distributed Lag model. According to the results, none of the elements that are researched for this paper has a statistically significant influence on economic growth over the short term. On the other hand, in the long run, each of the variables, including foreign direct investment, infrastructure, innovation, and trade openness, has a statistically favorable and substantial impact on economic growth; furthermore, the findings are in line with the findings of the baseline static panel data models.
{"title":"Do FDI and Trade Openness Matter for Economic Growth in CIS Countries? Evidence from Panel ARDL","authors":"Yuldoshboy Sobirov, J. Jeong, M. Karimov, D. Bekjanov","doi":"10.1080/10669868.2023.2242854","DOIUrl":"https://doi.org/10.1080/10669868.2023.2242854","url":null,"abstract":"Abstract For the purpose of this paper, we examine the association between foreign direct investment, openness to trade, infrastructure, innovation, and economic development in 10 members of the Commonwealth Independent States between 2000 and 2020 using a panel Autoregressive Distributed Lag model. According to the results, none of the elements that are researched for this paper has a statistically significant influence on economic growth over the short term. On the other hand, in the long run, each of the variables, including foreign direct investment, infrastructure, innovation, and trade openness, has a statistically favorable and substantial impact on economic growth; furthermore, the findings are in line with the findings of the baseline static panel data models.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"1 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45179673","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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