Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2023.07.001
Umar Farooq
This study aims to explore empirical relationship between foreign financial support and corporate research and development investments. The statistical analysis is based upon 14 years (2006–2019) financial data of non-financial sector enterprises. We use GLS (generalized least square) and 2-step system GMM (generalized method of moments) to establish the regression among variables. The empirical findings show that FDI inflow, official aid, and remittances have a positive and statistically significant relationship while foreign trade has an inverse relationship with corporate-level R&D activities. Foreign financial support enhances the financial reserves of the government and allows to disburse of more subsidies for R&D activities. Conversely, foreign trade can reduce R&D activities by inducing unfavorable competition which further hampers innovative behavior of corporate managers. The empirical analysis suggests that government officials should do more focus on enhancing foreign financial support to accelerate the development culture in the country.
{"title":"Foreign financial support and corporate R&D investments: New panel data evidence","authors":"Umar Farooq","doi":"10.1016/j.tncr.2023.07.001","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.07.001","url":null,"abstract":"<div><p>This study aims to explore empirical relationship between foreign financial support and corporate research and development investments. The statistical analysis is based upon 14 years (2006–2019) financial data of non-financial sector enterprises. We use GLS (generalized least square) and 2-step system GMM (generalized method of moments) to establish the regression among variables. The empirical findings show that FDI inflow, official aid, and remittances have a positive and statistically significant relationship while foreign trade has an inverse relationship with corporate-level R&D activities. Foreign financial support enhances the financial reserves of the government and allows to disburse of more subsidies for R&D activities. Conversely, foreign trade can reduce R&D activities by inducing unfavorable competition which further hampers innovative behavior of corporate managers. The empirical analysis suggests that government officials should do more focus on enhancing foreign financial support to accelerate the development culture in the country.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209923000578/pdfft?md5=806e9987c1da2d9b6250e262ff09f321&pid=1-s2.0-S1925209923000578-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739354","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2023.07.002
Abiodun Ige (Abi) , Marvin Washington
Foreign firms face a liability of foreignness (LOF) in capital markets outside their home countries. Focusing on discrimination hazards as an antecedent to capital market liability of foreignness (CMLOF), we extend the concept of country-of-origin stereotypes to capture discrimination hazards in capital markets. We employ data from foreign firms listed on the three major stock exchanges in the United States from 2002 to 2016 to demonstrate that, compared with domestic US firms, foreign firms are discounted on major stock exchanges in the US and that foreign firms from countries stereotyped as high-warmth and high-competence are not discounted. Our results reveal that discrimination hazards do impact CMLOFs, suggesting that firms venturing into foreign capital markets should invest in perceptions of warmth to mitigate CMLOFs.
{"title":"Capital market liability of foreignness and country-of-origin stereotype: An empirical investigation","authors":"Abiodun Ige (Abi) , Marvin Washington","doi":"10.1016/j.tncr.2023.07.002","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.07.002","url":null,"abstract":"<div><p>Foreign firms face a liability of foreignness (LOF) in capital markets outside their home countries. Focusing on discrimination hazards as an antecedent to capital market liability of foreignness (CMLOF), we extend the concept of country-of-origin stereotypes to capture discrimination hazards in capital markets. We employ data from foreign firms listed on the three major stock exchanges in the United States from 2002 to 2016 to demonstrate that, compared with domestic US firms, foreign firms are discounted on major stock exchanges in the US and that foreign firms from countries stereotyped as high-warmth and high-competence are not discounted. Our results reveal that discrimination hazards do impact CMLOFs, suggesting that firms venturing into foreign capital markets should invest in perceptions of warmth to mitigate CMLOFs.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S192520992300061X/pdfft?md5=5a6d6543fb27c8f87781a329543b24a7&pid=1-s2.0-S192520992300061X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739282","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2023.08.005
Syed Ali Fazal , Abdullah Al Mamun , Sazali Abdul Wahab , Muhammad Mohiuddin
This study investigated the influence of market environment, cultural distance, government policy, and absorptive capacity on international intra-firm technology transfer and organizational sustainability performance among subsidiaries of foreign-based multinational corporations (MNCs) in Malaysia. Quantitative data was collected from randomly selected 252 MNC-Subsidiaries in Malaysia. Data analysis revealed that market environment, determined by market dynamism and competitors' intensity; cultural distance determined by national and organizational cultural distance; along with absorptive capacity, captured by the constructs of ability and motivation have a significant positive effect on intra-firm technology transfer. The study also revealed a significant positive influence of intra-firm technology transfer on organizational sustainability performance across the sample. Furthermore, the results showed a significant indirect effect of market environment, cultural distance, and absorptive capacity on sustainability performance through (mediation) intra-firm technology transfer. The results of this study could serve as a specific reference for policymakers of rapidly emerging economies in order to strengthen policies for a more dynamic, competitive, market and support their citizens to acquire relevant education, skills, and cultural awareness that would enhance technological inflows leading towards improved organizational sustainability.
{"title":"Sustainability performance of multinational companies in Malaysia","authors":"Syed Ali Fazal , Abdullah Al Mamun , Sazali Abdul Wahab , Muhammad Mohiuddin","doi":"10.1016/j.tncr.2023.08.005","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.08.005","url":null,"abstract":"<div><p>This study investigated the influence of market environment, cultural distance, government policy, and absorptive capacity on international intra-firm technology transfer and organizational sustainability performance among subsidiaries of foreign-based multinational corporations (MNCs) in Malaysia. Quantitative data was collected from randomly selected 252 MNC-Subsidiaries in Malaysia. Data analysis revealed that market environment, determined by market dynamism and competitors' intensity; cultural distance determined by national and organizational cultural distance; along with absorptive capacity, captured by the constructs of ability and motivation have a significant positive effect on intra-firm technology transfer. The study also revealed a significant positive influence of intra-firm technology transfer on organizational sustainability performance across the sample. Furthermore, the results showed a significant indirect effect of market environment, cultural distance, and absorptive capacity on sustainability performance through (mediation) intra-firm technology transfer. The results of this study could serve as a specific reference for policymakers of rapidly emerging economies in order to strengthen policies for a more dynamic, competitive, market and support their citizens to acquire relevant education, skills, and cultural awareness that would enhance technological inflows leading towards improved organizational sustainability.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209923000633/pdfft?md5=9555c8a7d804d42e07f6fe05010a9415&pid=1-s2.0-S1925209923000633-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739284","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2023.08.002
Ajax Persaud, Wrenford Thaffe
This study proposes a research agenda on financial inclusion (FI) in developing countries based on a synthesis of the literature using a combination of structured literature review and bibliometrics. The analysis is based on 183 peer-reviewed journal articles extracted from Scopus. We found that the literature can be organized into four broad themes: (1) conceptualization and impacts of FI, (2) user perceptions and adoption, (3) role of financial innovation and private sector financial institutions, and (4) role of public institutions and public policy in FI. Further, the literature is dominated by empirical studies with little theory-focused studies. The literature is fragmented, and the evidence is mixed and contested. The social implications of FI need to be studied within specific institutional contexts and care must be exercised when applying successful models from one context to the next. The research agenda is informed by a proposed conceptual model, labelled the financial inclusion diamond.
{"title":"The state of financial inclusion research on developing countries","authors":"Ajax Persaud, Wrenford Thaffe","doi":"10.1016/j.tncr.2023.08.002","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.08.002","url":null,"abstract":"<div><p>This study proposes a research agenda on financial inclusion (FI) in developing countries based on a synthesis of the literature using a combination of structured literature review and bibliometrics. The analysis is based on 183 peer-reviewed journal articles extracted from Scopus. We found that the literature can be organized into four broad themes: (1) conceptualization and impacts of FI, (2) user perceptions and adoption, (3) role of financial innovation and private sector financial institutions, and (4) role of public institutions and public policy in FI. Further, the literature is dominated by empirical studies with little theory-focused studies. The literature is fragmented, and the evidence is mixed and contested. The social implications of FI need to be studied within specific institutional contexts and care must be exercised when applying successful models from one context to the next. The research agenda is informed by a proposed conceptual model, labelled the <em>financial inclusion diamond.</em></p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S192520992300058X/pdfft?md5=b43d020118ae8554f9589612b9612f6a&pid=1-s2.0-S192520992300058X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2023.01.001
Edmund Kwablah
This paper investigates the heterogeneous effect of sector-level foreign direct investment on carbon dioxide (CO2) emissions in 36 sampled SSA countries from 1990 to 2016. By using the system GMM estimation technique, the study reveals that industry FDI increases CO2 emissions validating the pollution haven hypothesis while Agric FDI and service FDI reduce CO2 emissions. In general, a U shape hypothesis holds for Agric FDI and CO2 emissions, but an inverted U shape for industry FDI and Industry CO2 emissions and a linear and negative relationship between services FDI and services CO2 emissions. Thus, there is a need to evaluate the environmental cost of investment in the industrial sector before granting foreign investors a permit to operate. In addition, there should be specific policies to attract FDI into the agriculture and services sectors to benefit from the positive spillover effect of transfers of cleaner technology.
本文研究了 1990 年至 2016 年期间,在 36 个抽样的撒哈拉以南非洲国家中,部门层面的外国直接投资对二氧化碳(CO2)排放的异质性影响。通过使用系统 GMM 估计技术,研究发现工业外国直接投资增加了二氧化碳排放量,验证了污染天堂假说,而农业外国直接投资和服务业外国直接投资则减少了二氧化碳排放量。总体而言,农业外国直接投资与二氧化碳排放量之间存在 U 型假说,但工业外国直接投资与工业二氧化碳排放量之间存在倒 U 型假说,服务业外国直接投资与服务业二氧化碳排放量之间存在线性负相关关系。因此,在给予外国投资者经营许可之前,有必要对工业部门投资的环境成本进行评估。此外,应制定具体政策,吸引外国直接投资进入农业和服务业部门,以受益于清洁技术转让的积极溢出效应。
{"title":"Foreign direct investment, gross domestic product and carbon dioxide emission in sub-Saharan Africa: A disaggregated analysis","authors":"Edmund Kwablah","doi":"10.1016/j.tncr.2023.01.001","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.01.001","url":null,"abstract":"<div><p>This paper investigates the heterogeneous effect of sector-level foreign direct investment on carbon dioxide (CO<sub>2</sub>) emissions in 36 sampled SSA countries from 1990 to 2016. By using the system GMM estimation technique, the study reveals that industry FDI increases CO<sub>2</sub> emissions validating the pollution haven hypothesis while Agric FDI and service FDI reduce CO<sub>2</sub> emissions. In general, a U shape hypothesis holds for Agric FDI and CO<sub>2</sub> emissions, but an inverted U shape for industry FDI and Industry CO<sub>2</sub> emissions and a linear and negative relationship between services FDI and services CO<sub>2</sub> emissions. Thus, there is a need to evaluate the environmental cost of investment in the industrial sector before granting foreign investors a permit to operate. In addition, there should be specific policies to attract FDI into the agriculture and services sectors to benefit from the positive spillover effect of transfers of cleaner technology.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209923000621/pdfft?md5=d45189c4651dd5f353a32e6009b8cf8d&pid=1-s2.0-S1925209923000621-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739283","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
FDI inflows and poverty reduction nexus has been an ongoing global debate in the recent times. Against this backdrop, this study examined the relationship between FDI inflows and poverty reduction in this economic bloc between 1990 and 2019. Data was collected from UNCTAD and WDI respectively, and a Panel Error Correction Model and the Pairwise Dumitrescu Hurlin Panel Causality tests were respectively employed. The following findings originated from the study; firstly, the relationship between FDI inflows and human development was negative and significant in the short run. In the long run, the reverse was the case. Therefore, the study concluded that FDI inflows have a trickle-down effect on poverty reduction in BRICS countries only in the long run. Therefore, it was recommended that for the policymakers in BRICS countries to achieve the Sustainable Development Goal (SDG 1), policy that will propel massive inflows of FDI into BRICS economies should be explored.
{"title":"A panel analysis of FDI inflows and poverty reduction in BRICS countries: An implication for the sustainable development goal one","authors":"Timothy Ayomitunde Aderemi , Adedayo Mathias Opele , Wahid Damilola Olanipekun , Mamdouh Abdulaziz Saleh Al-Faryan","doi":"10.1016/j.tncr.2023.08.003","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.08.003","url":null,"abstract":"<div><p>FDI inflows and poverty reduction nexus has been an ongoing global debate in the recent times. Against this backdrop, this study examined the relationship between FDI inflows and poverty reduction in this economic bloc between 1990 and 2019. Data was collected from UNCTAD and WDI respectively, and a Panel Error Correction Model and the Pairwise Dumitrescu Hurlin Panel Causality tests were respectively employed. The following findings originated from the study; firstly, the relationship between FDI inflows and human development was negative and significant in the short run. In the long run, the reverse was the case. Therefore, the study concluded that FDI inflows have a trickle-down effect on poverty reduction in BRICS countries only in the long run. Therefore, it was recommended that for the policymakers in BRICS countries to achieve the Sustainable Development Goal (SDG 1), policy that will propel massive inflows of FDI into BRICS economies should be explored.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209923000591/pdfft?md5=027118502f8eb841ab17cca07f484f7f&pid=1-s2.0-S1925209923000591-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2023.01.002
Jihad Ait Soussane , Mohamed Yassine Fakhouri , Zahra Mansouri
The paper investigates the effect of geopolitical risks in the Russian Federation on foreign direct investment (FDI) from antagonizing countries in light of the Ukrainian crisis. Using the Geopolitical Risk Index (GPR), the empirical analysis works on panel data on inward FDI from 90 countries from 2007 to 2020. The estimation method of RWLS concluded that rising GPR deters flows and stocks of FDI coming from antagonizing countries, which confirms that interstate relations and geopolitical factors impact the location decision of transnational corporations. On a sectoral level, we found a negative effect in the secondary and tertiary sectors, with a greater effect in the secondary one, which indicates that vertical FDI is more sensitive to geopolitical risks than horizontal ones. However, the impact of GPR on inward FDI in the primary sector is positive, which indicates that antagonizing countries seek to control energy and mining sectors in the Russian federation during geopolitical tension.
{"title":"The effect of geopolitical risks on TNC location decision from antagonizing countries in the Russian Federation in light of the Ukrainian crisis","authors":"Jihad Ait Soussane , Mohamed Yassine Fakhouri , Zahra Mansouri","doi":"10.1016/j.tncr.2023.01.002","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.01.002","url":null,"abstract":"<div><p>The paper investigates the effect of geopolitical risks in the Russian Federation on foreign direct investment (FDI) from antagonizing countries in light of the Ukrainian crisis. Using the Geopolitical Risk Index (GPR), the empirical analysis works on panel data on inward FDI from 90 countries from 2007 to 2020. The estimation method of RWLS concluded that rising GPR deters flows and stocks of FDI coming from antagonizing countries, which confirms that interstate relations and geopolitical factors impact the location decision of transnational corporations. On a sectoral level, we found a negative effect in the secondary and tertiary sectors, with a greater effect in the secondary one, which indicates that vertical FDI is more sensitive to geopolitical risks than horizontal ones. However, the impact of GPR on inward FDI in the primary sector is positive, which indicates that antagonizing countries seek to control energy and mining sectors in the Russian federation during geopolitical tension.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209923000657/pdfft?md5=aef15a382da5a32d38af349a75cf3052&pid=1-s2.0-S1925209923000657-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739258","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2023.08.004
Lijuan Yang
Standards are the cornerstone of digital trade; however, the ideal method of governance of digital trade networks using technical standards remains underexplored. This study establishes a theoretical framework by investigating the effect of technical standards on a digital trade network and exploring the policy implications of technical-standards-based hierarchical governance. The findings reveal the heterogeneous patterns of digital trade networks and their governance characteristics. Furthermore, international, regional, and national technical standards are integral to the hierarchical governance of digital trade networks. Digital trade flow diffuses through a digital trade network, wherein technical standards have different levels of compatibility and security, and digital-trading countries make trade-offs. The results highlight that digital-trading countries need to explicitly incorporate the compatibility and security of technical standards into trade agreements, promote the harmonization of digital standards, and advance international cooperation to guarantee the flow of digital trade and reap its benefits.
{"title":"Standards-based hierarchical governance of a digital trade network","authors":"Lijuan Yang","doi":"10.1016/j.tncr.2023.08.004","DOIUrl":"https://doi.org/10.1016/j.tncr.2023.08.004","url":null,"abstract":"<div><p>Standards are the cornerstone of digital trade; however, the ideal method of governance of digital trade networks using technical standards remains underexplored. This study establishes a theoretical framework by investigating the effect of technical standards on a digital trade network and exploring the policy implications of technical-standards-based hierarchical governance. The findings reveal the heterogeneous patterns of digital trade networks and their governance characteristics. Furthermore, international, regional, and national technical standards are integral to the hierarchical governance of digital trade networks. Digital trade flow diffuses through a digital trade network, wherein technical standards have different levels of compatibility and security, and digital-trading countries make trade-offs. The results highlight that digital-trading countries need to explicitly incorporate the compatibility and security of technical standards into trade agreements, promote the harmonization of digital standards, and advance international cooperation to guarantee the flow of digital trade and reap its benefits.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209923000608/pdfft?md5=34ee1909d5bf726200dec9928bb75c60&pid=1-s2.0-S1925209923000608-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739281","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.1016/j.tncr.2022.11.001
Folorunsho M. Ajide
This paper provides insights on how business climate affect global value chains (GVC) participation in the panel of African nations. The study explores country-level data spanning over a period of 2006–2018. Using the novel method of moments (MM)-Quantile regression, system generalized methods of moments (SYSGMM) and Panel spatial consistent correlation (PSCC) techniques, the study finds that all aspects of business environment have significant impacts on GVC participation in Africa. In specific, information and communication facilities, getting electricity, getting credit, trading across border, enforcing contract, protecting investors and business start-up registration have positive and significant impact on GVC. We also discover that tariff reduces GVC participation while strong political institutions enhance participation. The study concludes that business environment factors are fundamental to ensure high level of GVC participation. Political institutional framework needs to be strengthened to further encourage GVC participation in Africa.
{"title":"Business climate and global value chains: Insights from Africa","authors":"Folorunsho M. Ajide","doi":"10.1016/j.tncr.2022.11.001","DOIUrl":"https://doi.org/10.1016/j.tncr.2022.11.001","url":null,"abstract":"<div><p>This paper provides insights on how business climate affect global value chains (GVC) participation in the panel of African nations. The study explores country-level data spanning over a period of 2006–2018. Using the novel method of moments (MM)-Quantile regression, system generalized methods of moments (SYSGMM) and Panel spatial consistent correlation (PSCC) techniques, the study finds that all aspects of business environment have significant impacts on GVC participation in Africa. In specific, information and communication facilities, getting electricity, getting credit, trading across border, enforcing contract, protecting investors and business start-up registration have positive and significant impact on GVC. We also discover that tariff reduces GVC participation while strong political institutions enhance participation. The study concludes that business environment factors are fundamental to ensure high level of GVC participation. Political institutional framework needs to be strengthened to further encourage GVC participation in Africa.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209923000645/pdfft?md5=1616d8d3efd81cedb6c3c1fc46358b0e&pid=1-s2.0-S1925209923000645-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138739257","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-01DOI: 10.1080/19186444.2022.2116898
{"title":"Export performance: a study of labour and capital intensive manufacturing industries in India","authors":"","doi":"10.1080/19186444.2022.2116898","DOIUrl":"https://doi.org/10.1080/19186444.2022.2116898","url":null,"abstract":"","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":null,"pages":null},"PeriodicalIF":3.5,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71749399","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}