Pub Date : 2023-10-02DOI: 10.1080/1226508X.2023.2283878
Kui Wang, Yang Hu, Jing Zhou, Feng Hu
ABSTRACT We examined how Fintech affects Chinese firms’ OFDI. By using the regional Fintech index, we identified potential channels through which Fintech affects firms’ OFDI. We show that firms that are more financially constrained exhibit a disproportionally higher OFDI level in cities with better-developed Fintech services. We further find that Fintech development promotes lending to firms and facilitates OFDI because Fintech intensifies bank loan competition. Our research emphasises the importance of financial innovation driven by technology on the behaviour of enterprise internationalisation.
{"title":"Fintech, Financial Constraints and OFDI: Evidence from China","authors":"Kui Wang, Yang Hu, Jing Zhou, Feng Hu","doi":"10.1080/1226508X.2023.2283878","DOIUrl":"https://doi.org/10.1080/1226508X.2023.2283878","url":null,"abstract":"ABSTRACT We examined how Fintech affects Chinese firms’ OFDI. By using the regional Fintech index, we identified potential channels through which Fintech affects firms’ OFDI. We show that firms that are more financially constrained exhibit a disproportionally higher OFDI level in cities with better-developed Fintech services. We further find that Fintech development promotes lending to firms and facilitates OFDI because Fintech intensifies bank loan competition. Our research emphasises the importance of financial innovation driven by technology on the behaviour of enterprise internationalisation.","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"11 1","pages":"326 - 345"},"PeriodicalIF":1.7,"publicationDate":"2023-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139324260","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-05DOI: 10.1080/1226508x.2023.2243066
Dooyeon Cho, Husang Kim, Kyung-woo Lee
{"title":"Dynamic Spillovers of Economic Policy Uncertainty Across the US, Europe, and East Asia","authors":"Dooyeon Cho, Husang Kim, Kyung-woo Lee","doi":"10.1080/1226508x.2023.2243066","DOIUrl":"https://doi.org/10.1080/1226508x.2023.2243066","url":null,"abstract":"","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"21 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72529625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-07DOI: 10.1080/1226508x.2023.2230984
Jin Yeub Kim, Yongjun Kim, Myungkyu Shim
Financial analysts may have strategic incentives to herd or to anti-herd when issuing forecasts of firms' earnings. This paper develops and implements a new test to examine whether such incentives ...
{"title":"Do Financial Analysts Herd?","authors":"Jin Yeub Kim, Yongjun Kim, Myungkyu Shim","doi":"10.1080/1226508x.2023.2230984","DOIUrl":"https://doi.org/10.1080/1226508x.2023.2230984","url":null,"abstract":"Financial analysts may have strategic incentives to herd or to anti-herd when issuing forecasts of firms' earnings. This paper develops and implements a new test to examine whether such incentives ...","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"15 3","pages":""},"PeriodicalIF":1.7,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138513857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
ABSTRACT Existing studies have shown that the deterioration of domestic income distribution is an important cause for the decline in international trade. This paper investigates whether alleviating domestic income inequality could promote international trade. From the redistribution perspective, this study examines the relationship between state redistributive capacity and international trade by using unbalanced panel data of 153 countries from 1960 to 2018. According to our empirical findings, strengthening redistributive capacity promotes international trade by enhancing domestic society's perception of free trade. In addition, this promoting effect is independent of trade mode but varies with trade content, trade period, and trade subjects.
{"title":"Redistributive Capacity and International Trade: A Cross-Country Analysis","authors":"Yize Xie, Penglong Zhang, Zhusong Yang, Wenyin Cheng","doi":"10.1080/1226508X.2023.2215786","DOIUrl":"https://doi.org/10.1080/1226508X.2023.2215786","url":null,"abstract":"ABSTRACT Existing studies have shown that the deterioration of domestic income distribution is an important cause for the decline in international trade. This paper investigates whether alleviating domestic income inequality could promote international trade. From the redistribution perspective, this study examines the relationship between state redistributive capacity and international trade by using unbalanced panel data of 153 countries from 1960 to 2018. According to our empirical findings, strengthening redistributive capacity promotes international trade by enhancing domestic society's perception of free trade. In addition, this promoting effect is independent of trade mode but varies with trade content, trade period, and trade subjects.","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"221 1","pages":"167 - 186"},"PeriodicalIF":1.7,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77011477","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-03DOI: 10.1080/1226508X.2023.2215807
Lei Wang, Xinya Gao, T. Ramsey, G. Hewings
ABSTRACT How emerging economies could improve their self-resilience is our focus. This paper employs the hypothetical extraction method, PageRank algorithm and the 2005–2019 Comtrade database to analyse the impacts of domestic market scale on the economy’s resilience in the value chains and conditions under which it is affected. The empirical results show that expanding the scale of the domestic market would significantly improve the economy’s resilience in both the RCEP and G7 value chains. Our conclusions support the enrichment of pathways for economies with relatively backward technologies to cope with unexpected shocks and gradually restore economic vitality.
{"title":"The Role of the Domestic Market Scale in Enhancing Self-Resilience: Analysis based on the PageRank centrality of RCEP and G7 Countries","authors":"Lei Wang, Xinya Gao, T. Ramsey, G. Hewings","doi":"10.1080/1226508X.2023.2215807","DOIUrl":"https://doi.org/10.1080/1226508X.2023.2215807","url":null,"abstract":"ABSTRACT How emerging economies could improve their self-resilience is our focus. This paper employs the hypothetical extraction method, PageRank algorithm and the 2005–2019 Comtrade database to analyse the impacts of domestic market scale on the economy’s resilience in the value chains and conditions under which it is affected. The empirical results show that expanding the scale of the domestic market would significantly improve the economy’s resilience in both the RCEP and G7 value chains. Our conclusions support the enrichment of pathways for economies with relatively backward technologies to cope with unexpected shocks and gradually restore economic vitality.","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"51 1","pages":"134 - 166"},"PeriodicalIF":1.7,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90738946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-03DOI: 10.1080/1226508X.2023.2215795
Yanzhao Liu, C. Hooy
ABSTRACT The purpose of this research is to explore the relationship between overall and components of CEOs power and Corporate Social Responsibility (CSR). Besides, we test the moderating influence of board independence on CEOs power and CSR relationship. We focused on public listed companies in China over a sample period of 2010–2020 with 22,182 firm-year observations. Our analysis shows that the total of CEOs power and structural power are negatively correlated with CSR, but ownership, expert and prestige power are positively correlated with CSR. Moreover, we find that board independence has different moderating effects on CEOs power and CSR.
{"title":"Components of CEO Power and Corporate Social Responsibility: The Moderating Role of Board Independence","authors":"Yanzhao Liu, C. Hooy","doi":"10.1080/1226508X.2023.2215795","DOIUrl":"https://doi.org/10.1080/1226508X.2023.2215795","url":null,"abstract":"ABSTRACT The purpose of this research is to explore the relationship between overall and components of CEOs power and Corporate Social Responsibility (CSR). Besides, we test the moderating influence of board independence on CEOs power and CSR relationship. We focused on public listed companies in China over a sample period of 2010–2020 with 22,182 firm-year observations. Our analysis shows that the total of CEOs power and structural power are negatively correlated with CSR, but ownership, expert and prestige power are positively correlated with CSR. Moreover, we find that board independence has different moderating effects on CEOs power and CSR.","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"50 1","pages":"114 - 133"},"PeriodicalIF":1.7,"publicationDate":"2023-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76454200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-20DOI: 10.1080/1226508X.2023.2190339
Yueyang Zhao, Jinbao Yang, Qian Wang, Yung‐ho Chiu, Tai‐Yu Lin
ABSTRACT This research analyses the improvement and differences of digital financial coverage and depth of usage on financial efficiency using the SBM dynamic DEA method. The results show that digital finance’s depth of usage having bigger influence on improving the financial system efficiency. The breadth of digital financial coverage is more conducive to improving input efficiency, while its depth of usage is more conducive to improving output efficiency. Considering both the depth of usage and breadth of coverage, in the east region the financial industry efficiency is higher than that in the non-east region. .
{"title":"Digital Financial Coverage, Depth of Usage, and Financial Efficiency","authors":"Yueyang Zhao, Jinbao Yang, Qian Wang, Yung‐ho Chiu, Tai‐Yu Lin","doi":"10.1080/1226508X.2023.2190339","DOIUrl":"https://doi.org/10.1080/1226508X.2023.2190339","url":null,"abstract":"ABSTRACT This research analyses the improvement and differences of digital financial coverage and depth of usage on financial efficiency using the SBM dynamic DEA method. The results show that digital finance’s depth of usage having bigger influence on improving the financial system efficiency. The breadth of digital financial coverage is more conducive to improving input efficiency, while its depth of usage is more conducive to improving output efficiency. Considering both the depth of usage and breadth of coverage, in the east region the financial industry efficiency is higher than that in the non-east region. .","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"20 1","pages":"95 - 113"},"PeriodicalIF":1.7,"publicationDate":"2023-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78747292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-01-02DOI: 10.1080/1226508X.2023.2181845
Jun Hyung Kim, Yu Kyung Koh, Jinseong Park
ABSTRACT This paper examines the effects of working from home on mental health, with particular attention to the role of home environments. Using unique real-time survey data from South Korea collected during the COVID-19 pandemic, we find that working from home negatively affects the mental health of workers, with greater effects on women and those who are primarily responsible for housework while also maintaining market work. Surprisingly, workers who live with children in the household do not suffer from the negative effects of working from home. Our findings suggest that family-work interaction may be an important factor in the optimal design of working from home.
{"title":"Mental Health Consequences of Working from Home during the Pandemic","authors":"Jun Hyung Kim, Yu Kyung Koh, Jinseong Park","doi":"10.1080/1226508X.2023.2181845","DOIUrl":"https://doi.org/10.1080/1226508X.2023.2181845","url":null,"abstract":"ABSTRACT This paper examines the effects of working from home on mental health, with particular attention to the role of home environments. Using unique real-time survey data from South Korea collected during the COVID-19 pandemic, we find that working from home negatively affects the mental health of workers, with greater effects on women and those who are primarily responsible for housework while also maintaining market work. Surprisingly, workers who live with children in the household do not suffer from the negative effects of working from home. Our findings suggest that family-work interaction may be an important factor in the optimal design of working from home.","PeriodicalId":45235,"journal":{"name":"Global Economic Review","volume":"13 1","pages":"18 - 50"},"PeriodicalIF":1.7,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84785648","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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