{"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":null,"pages":null},"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}
{"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":null,"pages":null},"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}
Yuldoshboy Sobirov, J. Jeong, M. Karimov, D. Bekjanov
{"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":null,"pages":null},"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}
{"title":"Stock Market Response to the Russia-Ukraine War: Evidence from an Emerging Market","authors":"E. Keleş","doi":"10.1080/10669868.2023.2210121","DOIUrl":"https://doi.org/10.1080/10669868.2023.2210121","url":null,"abstract":"Abstract This study examines the role of financial factors contributing to firms’ resilience during the Russia-Ukraine war. Event study results show a significant adverse reaction, which started before the official war announcement and grew over time. Further, cross-sectional analyses uncover that the negative effect is mitigated for larger and more profitable firms but amplified for high market-cap firms with high cash and debt-holding; both effects are more pronounced for non-financial companies. This study contributes by exploring Turkey as a unique emerging market setting due to its significant geopolitical position, strategic trade, and business partnership with the European Union and Russia.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2023-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44153387","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}
{"title":"FDI Motives and Location Decisions of Emerging Country Business Groups: Entry Mode, Ownership and Institutional Environment","authors":"Kader Şahin, Tuğba Kaplan","doi":"10.1080/10669868.2023.2197459","DOIUrl":"https://doi.org/10.1080/10669868.2023.2197459","url":null,"abstract":"Abstract The purpose of this paper is to introduce and explain our understanding of the internationalization process of emerging country business groups (EBGs) according to the entry mode choice, ownership structure, and formal institutional environment of the host country. The internationalization models of Dunning and Mathews are integrated with the institutional environment in the internationalization process of EBGs because they are unable to explain the rise of EBGs alone. Content analysis is used to investigate the internationalization strategies of EBGs. The findings of this study revealed three categories of FDI motives: main motives (market-seeking and strategic asset-seeking), sector-based motives (efficiency-seeking and resource-seeking), and facilitative motives (relational asset-seeking). FDI motives, entry mode, ownership, formal institutional environment, and location decisions are investigated together in the context of emerging country dynamics. This exploratory study contributes to the expanding global research on EBGs based on a suggested framework that can provide novel insights regarding the internationalization processes of EBGs.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47224407","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}
Eva Karayianni, Panagiotis Kontakos, Aristides Bitzenis, Angelina Sergi
{"title":"Cypriot Diaspora Direct Investment Patterns in times of Financial Crisis","authors":"Eva Karayianni, Panagiotis Kontakos, Aristides Bitzenis, Angelina Sergi","doi":"10.1080/10669868.2023.2198514","DOIUrl":"https://doi.org/10.1080/10669868.2023.2198514","url":null,"abstract":"Abstract This qualitative study aims to study the phenomenon of diaspora direct investments in the Republic of Cyprus during the period 2013–2021, which succeeded the 2013 Financial Crisis. The unit of analysis has been real estate agencies established on the island, as real estate consists the major sector where diaspora investment takes place. A multiple case study, including in-depth interviews, and an inductive analytical approach were adopted. Data has been triangulated leading to results which contribute theoretically by asserting that diaspora direct investments are predominantly emotionally driven, and not only socio-economically influenced, as in the case of foreign direct investments.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2023-04-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41854235","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}
{"title":"Where the Baltic States Confirm and Extend Predictions of an Enlarged Viner-Model","authors":"Friedrich L. Sell, Jürgen Stiefl","doi":"10.1080/10669868.2022.2163023","DOIUrl":"https://doi.org/10.1080/10669868.2022.2163023","url":null,"abstract":"Abstract We empirically assess trade creation and diversion effects experienced by Baltic countries (2001–2020). To this purpose, we rely on the Viner model and its modifications to account for the access to the EU and for the monetary integration effects of the EURO adoption. We follow a three-steps-procedure (macro balance view, trend breaking view, and competitiveness view) which enables us to make a guess about the validation of the (expanded) Viner model. We show how the access to the EU and the adoption of the EURO by the Baltic countries redistributes shares of the respective import market and, hence, of incomes.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2023-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47552372","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}
{"title":"Former Soviet Union Republics’ Emerging Place in International Institutions Network and Their International Trade Patterns after the Disintegration","authors":"Yener Kandogan","doi":"10.1080/10669868.2022.2162177","DOIUrl":"https://doi.org/10.1080/10669868.2022.2162177","url":null,"abstract":"Abstract This article investigates the role of international intergovernmental organizations (IGOs) former Soviet Union republics participated after its disintegration on their international trade patterns, particularly the consumer animosity and nostalgia dimensions toward each other and major countries in the IGOs. The results suggest that the republics were faced with a choice between EU/Western institutions and those that are led by Russia. Analysis shows that their international trade patterns reflect these alliances in the international institutions network.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49309944","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}
{"title":"An Investigation of the Role of FDI in Stimulating Growth in EU: Evidence from Panel ARDL Analysis","authors":"Chrysanthi Tsimpida, Aristidis P. Bitzenis","doi":"10.1080/10669868.2022.2163022","DOIUrl":"https://doi.org/10.1080/10669868.2022.2163022","url":null,"abstract":"Abstract The study aims to examine the FDI-growth nexus in EU countries for the period 1996–2018. Empirical literature has suggested ambiguous results regarding the beneficial effects of FDI on host economies. In this study panel ARDL approach is employed using the PMG estimator, as the most suitable for our dataset. DFE and MG estimators are also implemented. The results indicate strong evidence that there is a positive long-run relationship between FDI and growth for the original EU members. However, regarding the new EU members, only the extended model provides statistical evidence of positive long-run relationship between FDI and growth. The positive and statistically significant long-run relationship between FDI and economic growth for all countries underlines the need for policy makers to formulate policies to attract FDI. Furthermore, the results of the study show that policy makers of EU countries characterized by high levels of corruption should focus on anti-corruption policies, as corruption seems to hinder the positive effects of both FDI and other determinants of economic growth.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42944123","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}
{"title":"The Asymmetric Effect of Oil Price Fluctuation on Non-performing Loans in Kazakhstan: Evidence from the Ricardian Curse of the Resource Boom","authors":"Lee Chin, H. Saydaliev, S. Kadyrov","doi":"10.1080/10669868.2022.2141940","DOIUrl":"https://doi.org/10.1080/10669868.2022.2141940","url":null,"abstract":"Abstract This paper investigates the asymmetric impact of oil price fluctuations on non-performing loans (NPLs) between 2009-Q1 and 2020-Q1 for 28 banks in Kazakhstan. Dynamic panel threshold analysis revealed an initial increase of oil prices, improving creditworthiness, thereby reducing NPLs; however, after cross a certain threshold, the relationship was shown to become the opposite. This finding is in line with the Ricardian curse and resource windfall. The results suggest that optimal borrowings and lending should be actively monitored to mitigate potential liquidity problems of banks and consequently NPLs. The practical implications and policy recommendation of which are important to policy makers.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.5,"publicationDate":"2022-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43174418","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}