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}
Towseef Ahmad Shan , Sajad Ahmad Rather , Hilal Ahmad Dar
{"title":"Corrigendum to “Revisiting openness-growth nexus: Panel data estimates for selected developing Asian countries” [Transnational Corporations Review 16 (2) (June 2024) 200051]","authors":"Towseef Ahmad Shan , Sajad Ahmad Rather , Hilal Ahmad Dar","doi":"10.1016/j.tncr.2024.200093","DOIUrl":"10.1016/j.tncr.2024.200093","url":null,"abstract":"","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200093"},"PeriodicalIF":1.6,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006193/pdfft?md5=5b8bdd38f78098049e0501753d689f06&pid=1-s2.0-S1925209924006193-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142173092","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":"The adaptation and transformation of Yiwu's foreign trade enterprises amid major changes unseen in a century (2001–2021)","authors":"Xinhe Shou , Qi Shi , Xiaotong Zhang","doi":"10.1016/j.tncr.2024.200080","DOIUrl":"10.1016/j.tncr.2024.200080","url":null,"abstract":"<div><p>The world is undergoing major changes unseen in a century. The profound and complex changes in the international trade landscape since China's accession to the WTO have put China's foreign trade enterprises to the test as they have embarked on a path of transformation and upgrade. As a barometer of China's foreign trade sector, Yiwu has progressed through three stages of development: rapid development after China's WTO accession, adaptation and innovation following the global financial crisis, and coordinated development amid deepening reforms. This paper explores such an evolutionary journey from the perspectives of foreign trade, market development, logistics infrastructure, export modalities, policy support, and the trade environment.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 4","pages":"Article 200080"},"PeriodicalIF":1.6,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924006065/pdfft?md5=3355d976bd109243eaf0cfe37952dfb0&pid=1-s2.0-S1925209924006065-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141711670","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":"Unraveling the complexity of cyberbullying: Development and validation of a comprehensive questionnaire","authors":"Kanakarn Phanniphong , Laongsri Niangchaem , Khahan Na-Nan , Apiwat Arunyaphum","doi":"10.1016/j.tncr.2024.200073","DOIUrl":"10.1016/j.tncr.2024.200073","url":null,"abstract":"<div><p>This study aims to examine the construct validity and discriminant validity of a cyberbullying questionnaire, as well as explore the practical implications of the findings. The study utilizes exploratory factor analysis (EFA) and confirmatory factor analysis (CFA) to validate the measurement model of the cyberbullying questionnaire. Data analysis is conducted using established statistical techniques. The results reveal the presence of six distinct dimensions of cyberbullying: Online Privacy Violation, Online Harassment and Discomfort, Online Exclusion and Privacy Violation, Disturbance and Intimidation, Identity Impersonation, and Spread of Secrets. The questionnaire demonstrates good construct validity and discriminant validity, providing a reliable tool to measure cyberbullying experiences. This study is limited to a specific population and cultural context. Further research is needed to validate the questionnaire in diverse populations and explore the relationship between cyberbullying dimensions and associated outcomes. This study contributes to the understanding of cyberbullying by providing a comprehensive framework and validated measurement tool.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200073"},"PeriodicalIF":3.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005990/pdfft?md5=c4e24fcf1996209fecfd65ad8c522a5a&pid=1-s2.0-S1925209924005990-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141044981","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}
Azharuddin Mohammad Mussaiyib, Kailash Chandra Pradhan
{"title":"An empirical analysis of causal nexus between higher education and economic growth in BRICS countries","authors":"Azharuddin Mohammad Mussaiyib, Kailash Chandra Pradhan","doi":"10.1016/j.tncr.2024.200057","DOIUrl":"10.1016/j.tncr.2024.200057","url":null,"abstract":"<div><p>This study examines the connection between higher education and economic growth in the BRICS countries. This study used the gross enrolment ratio (GER) to gauge the extent of higher education in the BRICS countries, while gross domestic product (GDP) was used to estimate economic growth. The study includes both time series and panel data analysis for all BRICS countries. The vector error correction model (VECM) and the vector autoregressive model (VAR) were applied to time series data to explain the causal relationship between GDP and GER. Panel data were analyzed using the panel vector auto-regression (PVAR) model. The time series analysis revealed that there is both a bi-directional and a unidirectional causal link between economic development and higher education. However, panel data analysis revealed that the causal influence of higher education was more pronounced than economic growth.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200057"},"PeriodicalIF":3.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005837/pdfft?md5=25c19889d5eb411b2e09a15bf228e36a&pid=1-s2.0-S1925209924005837-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140399146","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}
Elkyn Lugo-Arias , José Lugo-Arias , Sandra Bibiana Vargas , Mario Alberto de la Puente Pacheco , Ivonn Borre Granados , Carlos Barraza Heras , Daniel Triana Hernández
{"title":"Determinants of the competitiveness of world palm oil exports: A cointegration analysis","authors":"Elkyn Lugo-Arias , José Lugo-Arias , Sandra Bibiana Vargas , Mario Alberto de la Puente Pacheco , Ivonn Borre Granados , Carlos Barraza Heras , Daniel Triana Hernández","doi":"10.1016/j.tncr.2024.200063","DOIUrl":"https://doi.org/10.1016/j.tncr.2024.200063","url":null,"abstract":"<div><p>The purpose of this research is to determine the impact of international palm oil prices, prices of its substitute and complementary goods, and the exchange rate on the competitiveness of 30 palm oil exporting countries over the period from 2011 to 2019, using monthly data. The symmetric comparative advantage index was estimated, and a convergence effect was found, whereby emerging countries exhibited greater specialization than industrialized countries. Unit root and cointegration tests were applied, in addition to FMOLS and DOLS methods. The analysis revealed that decreases in palm and vegetable oil prices, coupled with an increase in the exchange rate and prices of soybeans and biodiesel, enhanced the competitiveness of palm oil exports.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200063"},"PeriodicalIF":3.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005898/pdfft?md5=72c76a53491407609fc13412b7e477e5&pid=1-s2.0-S1925209924005898-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140632522","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":"Emerging market's consumer intention towards the use of eco-friendly shopping bags in retail stores","authors":"S. Chatrakamollathas, T. Nuengchamnong","doi":"10.1016/j.tncr.2024.200050","DOIUrl":"10.1016/j.tncr.2024.200050","url":null,"abstract":"<div><p>The purpose of this study was to explore variables explaining consumers' intention toward the use of eco-friendly bags in retail stores in an emerging market economy, Thailand. The research was hinged on the Theory of Planned Behavior. The study adopted a survey research design where data was collected using a structured questionnaire on a 5-point Likert scale, with the study sample selected by convenience and purposive sampling methods. The sample population consisted of 609 Thai consumers aged 18 years and above who have shopped in retail stores. Multiple linear regression analysis was applied to analyze the data. The results revealed that environmental attitude, subjective norms, and perceived behavioral control had a positive effect on consumer intention towards the use of eco-friendly shopping bags in retail stores. Whereas subjective norms had the highest effect on consumer intention towards the use of the eco-friendly bag in retail stores. The findings of this study are expected to help the government and private sector to create an appropriate marketing tactics such as using influencers to increase consumer intention towards the use of an eco-friendly bag.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200050"},"PeriodicalIF":3.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S192520992400576X/pdfft?md5=5e27debf79d24641bd8b56a0bdd42716&pid=1-s2.0-S192520992400576X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140789124","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":"Looking under the carpet: A granular approach to the unusual productivity growth in Ireland","authors":"Javier Papa","doi":"10.1016/j.tncr.2024.200062","DOIUrl":"10.1016/j.tncr.2024.200062","url":null,"abstract":"<div><p>This paper is aimed to empirically test for an open and small economy like Ireland the “granular hypothesis” (Gabaix, 2011), originally proved for the US, which posits that firm-level productivity shocks can explain a sizable portion of aggregate productivity fluctuations. Additionally, the author tries and tests a second hypotheses suggesting the, given the small size, less diversification of the Irish economy, compared to that of the US, the granular effect is likely to be stronger and more important. The Irish case is particularly relevant as Ireland has been experiencing increasing economic concentration in recent years, to the point that micro shocks to a few selected firms in 2015 led to significant level shifts in aggregate variables like GDP (+34 per cent) and, particularly, labour productivity (+23 per cent) and total factor productivity (−12 per cent). Making use of an original combination of macro data from the Ireland's Central Statistics Office (CSO) and the OECD with micro data from the Annual Business Survey of Economic Impact (ABSEI), both granular hypotheses are tested in Ireland for the period 2000–2016.</p><p>Research findings confirm that productivity shocks to the 5 largest firms (in terms of value added) in Ireland account for a large fraction (about one third) of aggregate productivity growth, which is much larger than that found of the US economy. These empirical results shed light on the origins of Irish productivity fluctuations, the consequences of economic concentration on resilience and the importance of diversification policies aimed at broadening Ireland's enterprise base of productive firms.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200062"},"PeriodicalIF":3.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005886/pdfft?md5=efa9ae6908ae8f43c5c05c60e34878cd&pid=1-s2.0-S1925209924005886-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140796750","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":"Mobile money, credit to deposit ratio and monetary policy: Empirics from Ghana","authors":"Evans Kulu , Eric Amoo Bondzie","doi":"10.1016/j.tncr.2024.200060","DOIUrl":"10.1016/j.tncr.2024.200060","url":null,"abstract":"<div><p>The effectiveness of monetary policy in Ghana has been questionable with the advent of mobile money activities, which are gradually replacing some of the roles of commercial banks. This study investigates the effects of mobile money transactions on Ghanaian commercial banks' credit-to-deposit ratio and the effectiveness of the monetary policy rate in the era of mobile money services using ARDL techniques, Granger causality and impulse response functions.</p><p>The study reveals that Ghanaian commercial banks' credit-to-deposit ratio decreases with increased mobile money transactions, indicating a substitutability relationship. Banks' credit-to-deposit ratio is impacted by non-performing loans and asset returns, while the monetary policy rate has an insignificant impact. The results from the IRFs also showed that a positive shock to monetary policy reduces banks' credit-to-deposit ratio but increases mobile money transactions and non-performing loans. For policy implications, collaboration between commercial banks and mobile money service providers can be enhanced through interoperability services.</p></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"16 3","pages":"Article 200060"},"PeriodicalIF":3.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1925209924005862/pdfft?md5=2d0060d6e351ba24b2a98040f1e03d5c&pid=1-s2.0-S1925209924005862-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140401808","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}