Transnational Corporations Review最新文献

Dynamic connectedness between global geopolitical tension and flow of foreign remittances amid heightened geopolitical risk with application of NARDL estimation approach

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

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

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

Toward a typology of business groups: A qualitative content analysis 企业集团类型学：定性内容分析

IF 1.6

Transnational Corporations Review Pub Date : 2024-11-12 DOI: 10.1016/j.tncr.2024.200096

Milad Hooshmand Chaijani , Morteza Soltani , Mohsen Akbari

{"title":"Toward a typology of business groups: A qualitative content analysis","authors":"Milad Hooshmand Chaijani , Morteza Soltani , Mohsen Akbari","doi":"10.1016/j.tncr.2024.200096","DOIUrl":"10.1016/j.tncr.2024.200096","url":null,"abstract":"<div><div>By facilitating wider communication networks and improving the performance of their affiliated businesses in complex environments, businesses can increase their competitiveness. Understanding the characteristics and diversity of business groups is necessary for developing and implementing them. In this study, we examined the question of how business groups can be classified. What criteria can be used to separate them? We conducted a qualitative analysis of the content of 48 scientific journals published between 1999 and 2020 and selected 215 articles based on purposive sampling during two stages of screening. As a result of the content analysis, three main themes were identified: “origins of group control and ownership”, “groups' institutional origins”, and “intergroup relations”. Also, at the first subtheme level, six categories were identified: group control level, group ownership type, diversity of group relations, dependence and cooperation level, relationship structure, and institutional contexts. There are 12 subcategories included in the second-level subthemes. “origin of corporate governance”, “type of group ownership”, “type of institutional contexts”, “intra-group diversification”, “extra-group diversification”, “internal cooperation”, “formalization ratio”, “length of relations”, “external cooperation”, “geographical area”, “depth of cooperation”, “group maturity level”. Lastly, axis factors related to the diversity of business groups were used to develop a set of typologies.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200096"},"PeriodicalIF":1.6,"publicationDate":"2024-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142661620","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 determinants of gender spillovers in FDI: An analysis of Namibia 外国直接投资中性别溢出效应的决定因素：对纳米比亚的分析

IF 1.6

Transnational Corporations Review Pub Date : 2024-10-09 DOI: 10.1016/j.tncr.2024.200094

Reem El Sherif, Charles Komla Delali Adjasi, Michael Graham

{"title":"The determinants of gender spillovers in FDI: An analysis of Namibia","authors":"Reem El Sherif, Charles Komla Delali Adjasi, Michael Graham","doi":"10.1016/j.tncr.2024.200094","DOIUrl":"10.1016/j.tncr.2024.200094","url":null,"abstract":"<div><div>This paper examines the effect of foreign firm characteristics on FDI spillovers in Namibia, with a specific focus on gender spillover, as an additional measure to total labour spillover. Also, the possible differing spillovers in the manufacturing and services firms are investigated. Using data from the World Bank Enterprise Survey for 2006 and 2014, the paper finds that the gender spillover is significantly influenced by four variables; sector, firm age, transport challenges, and supply-chain finance. Relative to the services sector, firms in the manufacturing sector are found to significantly drive gender spillovers due to a probable preference for females “nimble fingers”, perceived obedience, and lower wages. However, the paper documents that older firms, especially those in the manufacturing sector, negatively impact gender spillovers. Also, transport challenges are shown to drive gender spillovers. This result arises from the possibility that they impose an opportunity cost, whereby, firms may defer investing in female labour due to lower perceived wages to compensate for high transport costs. Finally, we document a negative influence of supply-chain finance on gender spillovers, arising from possible labour cuts as MNCs outsource jobs in the supply chain.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200094"},"PeriodicalIF":1.6,"publicationDate":"2024-10-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142446803","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

Corrigendum to “Revisiting openness-growth nexus: Panel data estimates for selected developing Asian countries” [Transnational Corporations Review 16 (2) (June 2024) 200051] 重新审视开放与增长的关系：选定亚洲发展中国家的面板数据估计"[《跨国公司评论》16 (2) (2024年6月) 200051] 更正

IF 1.6

Transnational Corporations Review Pub Date : 2024-09-12 DOI: 10.1016/j.tncr.2024.200093

Towseef Ahmad Shan , Sajad Ahmad Rather , Hilal Ahmad Dar

引用次数: 0

The role of institutions in logistics performance as a new road toward GVC participation 机构在物流绩效中的作用是参与全球价值链的新途径

IF 1.6

Transnational Corporations Review Pub Date : 2024-09-11 DOI: 10.1016/j.tncr.2024.200092

Feriel Nasser, Feryel Ouerghi

{"title":"The role of institutions in logistics performance as a new road toward GVC participation","authors":"Feriel Nasser, Feryel Ouerghi","doi":"10.1016/j.tncr.2024.200092","DOIUrl":"10.1016/j.tncr.2024.200092","url":null,"abstract":"<div><div>Participation in global value chains (GVC) is increasingly seen in recent years as the new development challenge by policymakers in many countries. The COVID-19 pandemic recently revealed to the public eye that logistics capabilities are the backbone of the country's competitiveness within the GVC. Nevertheless, studies on logistics performance and GVC are still lacking until today. This paper aims to investigate the role of national institutional quality in the logistics performance-GVC participation nexus, using 68 countries covering 2005 through 2021. The findings of the present study reveal that (a) logistics performance has a positive and significant impact on GVC participation, (b) improving the overall level of governance has a positive impact on GVC participation, (c) the quality of national institutions plays a significant moderating role in logistics performance and GVC participation nexus, (d) the impact of logistics performance on forward linkage, under high governance countries is greater than under low governance countries and (e) the backward linkage is much more sensitive to the time and cost control related to cross boarder and document compliance in countries with poor governance than in countries with good governance.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200092"},"PeriodicalIF":1.6,"publicationDate":"2024-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006181/pdfft?md5=250c6c60509bac428a51300bf681053c&pid=1-s2.0-S1925209924006181-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142314136","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

Enhancing economic growth through digital financial inclusion: An examination of India 通过数字普惠金融促进经济增长：对印度的研究

IF 1.6

Transnational Corporations Review Pub Date : 2024-08-16 DOI: 10.1016/j.tncr.2024.200091

Nenavath Sreenu, Som Sekhar Verma

{"title":"Enhancing economic growth through digital financial inclusion: An examination of India","authors":"Nenavath Sreenu, Som Sekhar Verma","doi":"10.1016/j.tncr.2024.200091","DOIUrl":"10.1016/j.tncr.2024.200091","url":null,"abstract":"<div><p>Financial technology has propelled India's financial sector to international acclaim. The rise of the digital economy has played a crucial role in fueling the nation's ongoing economic growth and prosperity. Using the CRITIC approach, this report thoroughly analyses FinTech and digital economy metrics in all 28 states of India from 2010 to 2022. A thorough analysis of this data uncovers the complex relationships and interactions between FinTech and the digital economy. The findings clearly demonstrate the significant impact of FinTech on India's digital economy. One important result of this impact is the progress of technological advancements, along with a decrease in the financial independence of local governments. In addition, the study reveals a fascinating finding: the influence of FinTech on the growth of the digital economy is enhanced by the existence of local financial regulatory mechanisms. By strengthening regulatory resources, FinTech plays a crucial role in promoting the development of the digital economy, especially in economically advanced regions. This research utilizes a cutting-edge methodology to unravel these intricate phenomena, providing new perspectives on the interaction between FinTech and the digital economy.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200091"},"PeriodicalIF":1.6,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S192520992400617X/pdfft?md5=12c72893b371b072082779a1157f23e6&pid=1-s2.0-S192520992400617X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142040684","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

Intra-Africa trade and the need to rethink the neo-liberal approach 非洲内部贸易和重新思考新自由主义方法的必要性

IF 1.6

Transnational Corporations Review Pub Date : 2024-07-31 DOI: 10.1016/j.tncr.2024.200090

Franklin Ngwu , Kalu Ojah

{"title":"Intra-Africa trade and the need to rethink the neo-liberal approach","authors":"Franklin Ngwu , Kalu Ojah","doi":"10.1016/j.tncr.2024.200090","DOIUrl":"10.1016/j.tncr.2024.200090","url":null,"abstract":"<div><p>Notwithstanding past trade reforms, trade in Africa and particularly intra-Africa trade, remain dismal. Africa has even created economic communities, fitted with monetary, fiscal, and socio-political anchors, by way of various Regional Economic Communities (RECs) – now reflected by the African Continental Free Trade Area (AfCFTA). Whilst these have yielded marginal benefits, the persistence of low intra-Africa trade calls into question their suitability. Focused on the realities of institutions targeted by these reforms and Africa's context – i.e., weak linkages between institutions, high informality, and low social capital – we posit that reforms have not elicited the hoped-for high intra-Africa trade because of their near total reliance on the neo-liberal approach, which neglects Africa's context. Drawing on Africa's sociology and new institutional economics, we use a conceptual institutional analysis to evolve a political economy based framework that suggests potential solutions: Linking the formal sector that currently underpins economic/trade policies to the informal institutions that are reflective of Africa's norms, values, cultures and expectations (the informal sector), and scaling up production; via the cooperatives production model, strategic procurement mandates, and effectuation of continental transportation infrastructure network, are our recommended pathways to reversing the current dismal intra-continental trade.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200090"},"PeriodicalIF":1.6,"publicationDate":"2024-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006168/pdfft?md5=33ed7205d9a052b15b820b524c3f8ebb&pid=1-s2.0-S1925209924006168-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141963194","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 adaptation and transformation of Yiwu's foreign trade enterprises amid major changes unseen in a century (2001–2021) 义乌外贸企业在百年未有之大变局中的嬗变（2001-2021 年）

IF 1.6

Transnational Corporations Review Pub Date : 2024-07-14 DOI: 10.1016/j.tncr.2024.200080

Xinhe Shou , Qi Shi , Xiaotong Zhang

引用次数: 0