C. Soares, Adelaide Figueiredo, Fernanda Figueiredo
{"title":"The Subprime Crisis and Its Influence on Public, Private and Financial Sectors in European Countries","authors":"C. Soares, Adelaide Figueiredo, Fernanda Figueiredo","doi":"10.1080/10669868.2020.1830913","DOIUrl":"https://doi.org/10.1080/10669868.2020.1830913","url":null,"abstract":"Abstract The subprime crisis was a global financial crisis that affected a large number of countries and, in particular, the European economies. In this paper we considered fourteen variables associated to the public, private and financial sectors, in order to analyze the main vulnerabilities, differences and similarities observed in twenty-seven European countries. The statistical analysis was performed with the STATIS methodology, with data collected in the period 2002–2011, including some years before and some after the historical crisis of 2007–2008. The study led us to conclude that European countries are different in which concerns to investment, savings, sustainability of public accounts and public investment.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"27 1","pages":"92 - 108"},"PeriodicalIF":1.5,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1830913","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46196508","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}
Petros Golitsis, Sotirios K. Bellos, Athanasios P. Fassas, Sercan Demiralay
{"title":"The Spillover Effect of Euribor on Southeastern European Economies: A Global VAR Approach","authors":"Petros Golitsis, Sotirios K. Bellos, Athanasios P. Fassas, Sercan Demiralay","doi":"10.1080/10669868.2020.1826383","DOIUrl":"https://doi.org/10.1080/10669868.2020.1826383","url":null,"abstract":"Abstract In this paper we employ a Global Vector Autoregressive Model (G-VAR) to examine macroeconomic and international monetary spillovers within the South Eastern European Countries over the period 2002–2016. In particular, we investigate how shocks in Euribor affect domestic interest rates, real effective exchange rates, foreign exchange reserves and the industrial production in six countries, namely Bulgaria, Croatia, Greece, North Macedonia, Romania and Slovenia, using monthly data. Our analysis shows that a negative Euribor shock has a positive effect, but of different size, on the industrial production across the countries. There is limited evidence regarding the effects of Euribor on foreign reserves, interest rates, and the real effective exchange rate. Our results provide significant implications and insights for authorities and policy makers.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"27 1","pages":"57 - 91"},"PeriodicalIF":1.5,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1826383","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46213249","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":"Social Media in Employer Branding in FMCG in Russia: Millennials’ Perspective","authors":"D. Kucherov, E. Zhiltsova","doi":"10.1080/10669868.2020.1862383","DOIUrl":"https://doi.org/10.1080/10669868.2020.1862383","url":null,"abstract":"Abstract The goal of this article is to investigate the impact of corporate social media on the perception of employer brand image and employer attractiveness which, in turn, could lead to application intention of Millennials in FMCG industry in Russia. The research model was tested through questionnaire from 119 bachelors, masters, and graduates in the Russian leading business school. The empirical data was analyzed with regression analysis. At the second stage, six semi-structured interviews in two Russian business schools were conducted to receive deeper insights. As hypothesized, both high level of information availability and employees’ engagement in social media led to the positive perception of the employer brand image as well as to attractiveness perception. The latter, in turn, increased the application intentions of Russian Millennials. The qualitative research provided additional evidence about the advantages of using social media for recruitment and employer branding needs, expected content, and the role of particular social media tools in enhancing the employer branding programs in FMCG industry in Russia. Limitations of the study relate to inability of generalization (the research was undertaken for FMCG industry), noninclusion of some demographic characteristics, and opportunity to include the intermediate mechanisms into the model. The study enhances current knowledge about the role of social media in enhancing employer branding and recruitment initiatives. It contains a set of particular recommendations for FMCG employers.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"27 1","pages":"160 - 183"},"PeriodicalIF":1.5,"publicationDate":"2020-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1862383","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43089425","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 Role of Culture-Specific Relationships in International Businesses: A Systematic Review and Future Directions","authors":"Mohammad Orra","doi":"10.1080/10669868.2020.1830914","DOIUrl":"https://doi.org/10.1080/10669868.2020.1830914","url":null,"abstract":"Abstract This paper presents a systematic review of 44 prevailing articles about cultural-specific relationships in the international business (IB) context, manifested in five emerging markets: Chinese Guanxi, Arabic Wasta, Latin America Compadrazgo, Brazilian Jeitinho, and the Russian Sviazi. For each of the cultural-specific relationships, this review highlights the state of construct development, theory application, and partnership types in the context of international business relationships in empirical IB studies. Based on these findings, future directions are proposed for advancing the conceptualization and operationalization of culture-specific relationships followed by the study limitations.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"27 1","pages":"109 - 139"},"PeriodicalIF":1.5,"publicationDate":"2020-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1830914","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46490285","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":"Earnings Manipulation and Financial Distress in the Eurozone and the Role of Auditor Size during the Current Recession","authors":"Maria I. Kyriakou","doi":"10.1080/10669868.2020.1848963","DOIUrl":"https://doi.org/10.1080/10669868.2020.1848963","url":null,"abstract":"Abstract This study aims to investigate the impact of financial distress on discretionary accruals, i.e. earnings manipulation, and the role of the Big4 or non-Big4 auditors during the economic recession. The four biggest Eurozone countries (Germany, France, Italy and Spain) are examined using the generalized method of moments (GMM) methodology, and the years have been separated into pre-crisis and in-crisis periods based on the negative and positive change in GDP, respectively. The findings suggest that earnings manipulation is prevalent in Italy for non-financial companies audited by both Big4 and non-Big4 auditors during the two periods.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"26 1","pages":"391 - 409"},"PeriodicalIF":1.5,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1848963","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46908046","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":"Economic Sanctions Disruption on International Trade Patterns and Global Trade Dynamics: Analyzing the Effects of the European Union’s Sanctions on Russia","authors":"June B. Doornich, Andreas Raspotnik","doi":"10.1080/10669868.2020.1830912","DOIUrl":"https://doi.org/10.1080/10669868.2020.1830912","url":null,"abstract":"Abstract Governments frequently use economic sanctions to influence or undermine the political actions or regimes of other countries. This case study of the economic sanctions imposed by the European Union on the Russian Federation in response to the annexation of the Crimean Peninsula serves as an illustrative example that provides new, in-depth insights into the implications of economic sanctions for international trade patterns and global trade dynamics. We conclude that sanctions negatively affect bilateral trade between the sanctioner and the target country, and that sanctions constrain the target country’s integration into the global economy.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"26 1","pages":"344 - 364"},"PeriodicalIF":1.5,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1830912","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48503749","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}
Erik Romp, Vandana Arakandy, Jana Fischer, Christiane Wolz, Anke Siegmund, Bettina Löffler, Lorena Tuchscherr, Oliver Werz, Ulrike Garscha
{"title":"Exotoxins from Staphylococcus aureus activate 5-lipoxygenase and induce leukotriene biosynthesis.","authors":"Erik Romp, Vandana Arakandy, Jana Fischer, Christiane Wolz, Anke Siegmund, Bettina Löffler, Lorena Tuchscherr, Oliver Werz, Ulrike Garscha","doi":"10.1007/s00018-019-03393-x","DOIUrl":"10.1007/s00018-019-03393-x","url":null,"abstract":"<p><p>Massive neutrophil infiltration is an early key event in infectious inflammation, accompanied by chemotactic leukotriene (LT)B<sub>4</sub> generation. LTB<sub>4</sub> biosynthesis is mediated by 5-lipoxygenase (5-LOX), but which pathogenic factors cause 5-LOX activation during bacterial infections is elusive. Here, we reveal staphylococcal exotoxins as 5-LOX activators. Conditioned medium of wild-type Staphylococcus aureus but not of exotoxin-deficient strains induced 5-LOX activation in transfected HEK293 cells. Two different staphylococcal exotoxins mimicked the effects of S. aureus-conditioned medium: (1) the pore-forming toxin α-hemolysin and (2) amphipathic α-helical phenol-soluble modulin (PSM) peptides. Interestingly, in human neutrophils, 5-LOX activation was exclusively evoked by PSMs, which was prevented by the selective FPR2/ALX receptor antagonist WRW4. 5-LOX activation by PSMs was confirmed in vivo as LT formation in infected paws of mice was impaired in response to PSM-deficient S. aureus. Conclusively, exotoxins from S. aureus are potent pathogenic factors that activate 5-LOX and induce LT formation in neutrophils.</p>","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"10 1","pages":"3841-3858"},"PeriodicalIF":8.0,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11105070/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88221008","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}
{"title":"Barriers to FDI in the European Union Countries: The Perception of Foreign Subsidiaries","authors":"Rosa Forte, Claudia Paiva","doi":"10.1080/10669868.2020.1822487","DOIUrl":"https://doi.org/10.1080/10669868.2020.1822487","url":null,"abstract":"Abstract Literature on FDI location determinants has adopted a macro approach, and only few studies have followed a micro perspective, analyzing FDI barriers in the EU. This study aims to fill this gap through an exploratory study based on the perceptions of 42 foreign subsidiaries established in the EU since 2010. Results indicate that bureaucracy and labor market structure and regulations are the most significant barriers. Additionally, the perception of barriers differs considering the subsidiaries’ location and mode of establishment, suggesting the need for tailor made policies, in order to overcome the barriers perceived to be higher in certain locations.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"27 1","pages":"30 - 56"},"PeriodicalIF":1.5,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1822487","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43196877","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":"Russian Territories of Outrunning Development in Mono-Cities: Current and Prospective Opportunities for Foreign Investment into Manufacturing","authors":"I. Gurkov, Alexandra Kokorina, Zokirzhon Saidov","doi":"10.1080/10669868.2020.1769794","DOIUrl":"https://doi.org/10.1080/10669868.2020.1769794","url":null,"abstract":"Abstract The paper describes a new form of investment attraction recently introduced in Russia—territories of outrunning socio-economic development (TOSEDs). These initiatives provide tax and other benefits to 20 territories in the Far East and to 90 cities in which a considerable number of jobs are concentrated in a single factory (mono-cities). Using secondary sources and interviews, we present the initial legislation for TOSEDs, the evolution of the initial legislation, and the functioning of TOSED residents. We also identify several opportunities for foreign investors who have installed or intend to install their new manufacturing facilities in TOSEDs.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"26 1","pages":"365 - 390"},"PeriodicalIF":1.5,"publicationDate":"2020-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1769794","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43231573","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":"Sanctions and Countersanctions Concerning the Russian Federation: The Czech Business Perspective","authors":"V. Hinčica, H. Řezanková, G. Worcester","doi":"10.1080/10669868.2020.1755407","DOIUrl":"https://doi.org/10.1080/10669868.2020.1755407","url":null,"abstract":"Abstract The goal of the paper is to assess how Czech businesses have been impacted by the sanctions and countersanctions and their opinions on the issue. Companies being members of the Chamber of Trade and Industry for CIS Countries were addressed. From the surveyed companies that traded with Russia before 2014 and are currently engaged in trade with Russia, it was made evident that their overall attitude regarding the sanctions and countersanctions is rather negative. The research shows that business sector in the Czech Republic feels strong effects from the sanctions and countersanctions and believes it would benefit from their removal.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":"26 1","pages":"327 - 343"},"PeriodicalIF":1.5,"publicationDate":"2020-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/10669868.2020.1755407","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46862756","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}