Transnational Corporations Review最新文献

Climate change, the internet and the cotton yield gap between African countries and the rest of the world 气候变化、互联网和非洲国家与世界其他地区之间的棉花产量差距

IF 1.6

Transnational Corporations Review Pub Date : 2025-03-01 DOI: 10.1016/j.tncr.2025.200112

Maosheng Ye , Mpabe Bodjongo , Jie Cai , Liao Heran

引用次数: 0

Does managerial myopia affect firms’ green merger and acquisition? Evidence from Chinese firms in high-polluting industries 管理短视是否影响企业绿色并购？来自中国高污染行业企业的证据

IF 1.6

Transnational Corporations Review Pub Date : 2025-03-01 DOI: 10.1016/j.tncr.2025.200115

Xiaohua Chen, Hui Liu, Wen Du

{"title":"Does managerial myopia affect firms’ green merger and acquisition? Evidence from Chinese firms in high-polluting industries","authors":"Xiaohua Chen, Hui Liu, Wen Du","doi":"10.1016/j.tncr.2025.200115","DOIUrl":"10.1016/j.tncr.2025.200115","url":null,"abstract":"<div><div>Utilizing a dataset comprising 1536 merger and acquisition transactions involving Chinese A-share listed firms operating in high-polluting industries during the period of 2001–2020, this paper aims to investigate managerial myopic impact on green merger and acquisition. The primary findings indicate that managerial myopia significantly impedes the occurrence of green merger and acquisition activities within firms operating in high-polluting industries. This adverse effect is consistently observed across various models. Mechanism tests reveal that myopic managers exert an adverse influence on firms' green merger and acquisition by reducing the level of analyst attention and the environmental, social, and governance ratings among these companies. Furthermore, the results of the moderating tests demonstrate that stronger internal supervision, a higher firm value, and a male chief executive officer can substantially alleviate managerial myopic negative impact on green merger and acquisition. Additionally, heterogeneity checks propose that managerial myopic detrimental impact on firms’ green merger and acquisition is particularly pronounced in companies characterized by weak governance structures, lower tax burdens, and those operating in the decline stage. The insights from this research carry significant policy implications for industries with high levels of pollution, particularly in emerging economies.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"17 1","pages":"Article 200115"},"PeriodicalIF":1.6,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143681727","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}

引用次数: 0

The impact of informatization on total factor productivity and its regional differences: An empirical study based on Chinese data 信息化对全要素生产率的影响及其区域差异——基于中国数据的实证研究

IF 1.6

Transnational Corporations Review Pub Date : 2025-03-01 DOI: 10.1016/j.tncr.2025.200111

Xiaozhong Li , Fangqing Tang , Dongfang Shen , Jie Zhang , Xinyue Hu

引用次数: 0

Role of financial institutions in poverty alleviation: Nexus of domestic credit, digital transactions and poverty in South Asia 金融机构在减贫中的作用：南亚国内信贷、数字交易与贫困的关系

IF 1.6

Transnational Corporations Review Pub Date : 2025-03-01 DOI: 10.1016/j.tncr.2025.200110

Muhammad Ayub Khan Mehar

引用次数: 0

Institutional quality and the shadow economy in Africa: Effect and transmission channels 制度质量与非洲影子经济：影响与传播渠道

IF 1.6

Transnational Corporations Review Pub Date : 2025-03-01 DOI: 10.1016/j.tncr.2025.200113

Tii Tasheh Fonsoh , Aloysius M. Njong , Tii N. Nchofoung

引用次数: 0

Evidence-based exploration of macroeconomic dynamics in ensuring the sustainability of external debt: A case study of Djibouti 以证据为基础探讨确保外债可持续性的宏观经济动态：吉布提个案研究

IF 1.6

Transnational Corporations Review Pub Date : 2025-03-01 DOI: 10.1016/j.tncr.2025.200114

Sadik Aden Dirir , Kadir Aden

{"title":"Evidence-based exploration of macroeconomic dynamics in ensuring the sustainability of external debt: A case study of Djibouti","authors":"Sadik Aden Dirir , Kadir Aden","doi":"10.1016/j.tncr.2025.200114","DOIUrl":"10.1016/j.tncr.2025.200114","url":null,"abstract":"<div><div>The current research examines the impact of different macroeconomic indicators on Djibouti's external debt from 1990 to 2022 using the Autoregressive Distributed Lag (ARDL) model. The empirical model provides evidence that economic growth, trade, and government expenditure have a positive and significant impact on external debt. Moreover, the findings uncovered a positive relationship between Djibouti's national savings and external debt. Interestingly, FDI inflows and population growth showcased insignificant impacts on external debt during the long run. This can be explained by the lack of a business operating environment that attracts FDI and a limited number of consuming customers due to the modest percentage of the Djiboutian population. Consequently, these findings highlight the importance of sustained economic growth, trade efficiency, and fiscal prudence in managing and potentially reducing external debt. Additionally, the insight into the relationship between national savings and external debt provides a foundation for further exploration into Djibouti's borrowing and saving behaviors.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"17 1","pages":"Article 200114"},"PeriodicalIF":1.6,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143681726","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}

引用次数: 0

Has the digital transformation promoted enterprise innovation? Evidence from China 数字化转型是否促进了企业创新？来自中国的证据

IF 1.6

Transnational Corporations Review Pub Date : 2025-02-19 DOI: 10.1016/j.tncr.2025.200109

Chunyuan Zhang , Guoda Gu , Huzhou Zhu , Lin Guo

引用次数: 0

Dynamic connectedness between global geopolitical tension and flow of foreign remittances amid heightened geopolitical risk with application of NARDL estimation approach 基于NARDL估算方法的地缘政治风险加剧背景下全球地缘政治紧张与外国汇款流动之间的动态联系

IF 1.6

Transnational Corporations Review Pub Date : 2024-12-10 DOI: 10.1016/j.tncr.2024.200106

Qianjin Lu , Farid Ullah , Fouzia Amin , Mirzat Ullah

{"title":"Dynamic connectedness between global geopolitical tension and flow of foreign remittances amid heightened geopolitical risk with application of NARDL estimation approach","authors":"Qianjin Lu , Farid Ullah , Fouzia Amin , Mirzat Ullah","doi":"10.1016/j.tncr.2024.200106","DOIUrl":"10.1016/j.tncr.2024.200106","url":null,"abstract":"<div><div>This empirical study examines the dynamic connectedness between global geopolitical tension (GPR) and the flow of foreign remittances (FR) in response to evolving global and strategic economic dynamics. The study employs the NARDL estimation model to assess the symmetric and asymmetric connectedness among key indicators influencing economic changes in BRIC economies. The study used quarterly frequency data from 1998 to 2023. The short run results reveal that GPR exhibits a symmetric relationship with the flow of FR across the BRIC economies. However, in the long run, an asymmetric association between GPR and the flow of FR is observed. These findings underscore the importance for policymakers, migrants, and recipients to consider the asymmetric and volatile nature of global geopolitical tension when formulating policies and making decisions regarding remittance transfers. Such insights contribute to more informed decision-making processes and effective policy interventions in the realm of remittance flows.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"17 1","pages":"Article 200106"},"PeriodicalIF":1.6,"publicationDate":"2024-12-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143129168","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}

引用次数: 0

Has FinTech reshaped global trade? New empirical evidence from structural gravity model 金融科技重塑了全球贸易吗？结构重力模型的新经验证据

IF 1.6

Transnational Corporations Review Pub Date : 2024-12-05 DOI: 10.1016/j.tncr.2024.200105

Mamta Kumari

{"title":"Has FinTech reshaped global trade? New empirical evidence from structural gravity model","authors":"Mamta Kumari","doi":"10.1016/j.tncr.2024.200105","DOIUrl":"10.1016/j.tncr.2024.200105","url":null,"abstract":"<div><div>Technological advancements in the financial sector are widely recognized as transformative for global trade and supply chains, significantly improving access to financial services while enhancing the security, efficiency, transparency, and flexibility of transactions between exporters and importers. In this context, the present study investigates the role of financial technology (fintech) in promoting international trade. Drawing on both theoretical and empirical frameworks that link trade and finance, the research explores how fintech innovations reduce trade costs and, in turn, enhance the gains from trade. By estimating a theory-consistent gravity model based on bilateral trade flows from 106 countries over the period 2014–2019, the study reveals that fintech innovations disproportionately stimulate international trade compared to domestic trade. These findings highlight the critical role of fintech in lowering trade barriers and suggest that policies promoting fintech development—such as those fostering innovation in blockchain, payment systems, and financial services—are essential to strengthening global trade competitiveness.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"17 1","pages":"Article 200105"},"PeriodicalIF":1.6,"publicationDate":"2024-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143129170","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}

引用次数: 0

Dynamic and asymmetric connectedness among fossil energies and stock markets of the Belt and Road countries under shocks from extreme events 极端事件冲击下“一带一路”沿线国家化石能源与股票市场的动态非对称连通性

IF 1.6

Transnational Corporations Review Pub Date : 2024-12-01 DOI: 10.1016/j.tncr.2024.200104

Ya-Li Zheng , Ming-Yuan Yang , Kai-Xin Liu , Yi-Kai Chen , Xin Wu

{"title":"Dynamic and asymmetric connectedness among fossil energies and stock markets of the Belt and Road countries under shocks from extreme events","authors":"Ya-Li Zheng , Ming-Yuan Yang , Kai-Xin Liu , Yi-Kai Chen , Xin Wu","doi":"10.1016/j.tncr.2024.200104","DOIUrl":"10.1016/j.tncr.2024.200104","url":null,"abstract":"<div><div>This study investigates the dynamic and asymmetric return connectedness between fossil energies and stock markets of the Belt and Road countries (the B&R stock markets) under shocks from extreme events from 2019 to 2023 by using the time-varying parameter vector autoregression model (TVP-VAR) with the asymmetric connectedness indicator and multilayer spillover networks. We find that: (i) risk spillover between fossil energies and the B&R stock markets is more sensitive to negative information than positive information, and the asymmetry is much larger during periods with exogenous shocks. (ii) The level of risk spillover has significantly increased after the outbreak of extreme events, and the global shock from the COVID-19 pandemic has more widespread and greater impact on the risk spillover than the geopolitical shock from the Russo-Ukrainian war. (iii) fossil energies perform as risk receivers throughout the full sample period, and risks are primarily transferred from high-income countries to low-income countries within the B&R stock markets, this phenomenon is also intensified by the extreme shocks. Our findings provide valuable guidance and have economic implications for both investors and policymakers worldwide to diversify and manage the risks within the global fossil energy market and the B&R stock markets.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200104"},"PeriodicalIF":1.6,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143094331","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}

引用次数: 0