Y. Ali, Daniyal Ullah Khan, Muhammad Sabir, Aadarsh Jaisinghani
{"title":"A cost-benefit analysis of the Iran-Pakistan gas pipeline","authors":"Y. Ali, Daniyal Ullah Khan, Muhammad Sabir, Aadarsh Jaisinghani","doi":"10.1080/19186444.2022.2153576","DOIUrl":"https://doi.org/10.1080/19186444.2022.2153576","url":null,"abstract":"","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"78 1","pages":""},"PeriodicalIF":3.5,"publicationDate":"2022-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88340372","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":"Geopolitical risk and uncertainty: how transnational corporations can use scenario planning for strategic resilience","authors":"Meelis Kitsing","doi":"10.1080/19186444.2022.2145865","DOIUrl":"10.1080/19186444.2022.2145865","url":null,"abstract":"<div><div>This article shows conceptually how scenario planning method can be used in corporate strategy-making by considering both risks and uncertainties. Risk assessments can be used as foundation for trends shaping transnational corporations which form basic assumptions for scenarios. Uncertainties are key drivers of geopolitical developments in which combination alternative scenarios emerge. Various geopolitical scenarios developed by different foresight teams and ranging from direct war to conditional cooperation are outlined in the article. Most importantly, implications of these scenarios are explored for transnational corporations with particular focus on improving strategic resilience.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 339-352"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77058364","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}
Shah Abbas , Lu Xiaoyong , Qiu Minrong , Chen Ai , Gui Peng
{"title":"The nexus between real exchange rate misalignment and US–China trade: evidence from post RMB regimes","authors":"Shah Abbas , Lu Xiaoyong , Qiu Minrong , Chen Ai , Gui Peng","doi":"10.1080/19186444.2022.2127392","DOIUrl":"10.1080/19186444.2022.2127392","url":null,"abstract":"<div><div>This paper investigates the impact of real exchange rate volatility and misalignment on exports and imports between China and the United States. Our empirical analysis used the quarterly time series data over the 1994Q:1–2019Q:4 period. We used the ARDL-bound testing approach for the short- and long-run relationship. The empirical results reveal that China’s real exchange rate volatility and misalignment significantly impact China’s real exports and imports over the sample period. In the short-run, the relationship between real exchange rate misalignments and China’s exports is positive, whereas negative with imports from the United States. In the long run, the real exchange rate misalignment positively affects exports and negatively affects imports. The evidence suggests that both higher real exchange rate volatility and misalignment directly affect the relative price of goods and encourage China exports to United States.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 402-417"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84185403","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":"Effects of innovation on corporate performance of manufacturing companies: which roles associated to social responsibility?","authors":"Mohsen Akbari , Amina Omrane , Arezoo Hoseinzadeh , Hani Nikookar","doi":"10.1080/19186444.2021.1940055","DOIUrl":"10.1080/19186444.2021.1940055","url":null,"abstract":"<div><div>The present research aims at examining the overall impacts of innovation on corporate performance through the lens of the social responsibility perspective. For this purpose, 184 complete questionnaires were obtained from 250 managers of manufacturing companies located in the Rasht Industrial city during 2019–2020. Gathered data were subject to a SEM (Structural Equation Modelling) analysis, via SPSS (version 22) and LISREL (version 8.8) softwares. Conclusive findings support that innovation has a positive moderate effect on social responsibility and a strong influence on corporate performance. On the other hand, both economic and social dimensions of social responsibility have meaningful and moderate impacts on Rasht industrial enterprises’ performance. Moreover, innovation practices play an important role in improving the influence of social responsibility dimensions on corporate performance of those companies. Based on the results attained, it would be recommended that innovative manufacturing organisms engage more in CSR activities to upgrade their organisational performance.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 438-453"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81124427","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":"Foreign ownership and firm performance in Sub-Saharan Africa","authors":"Allan Webster , Godwin Okafor , Ciara Barrow","doi":"10.1080/19186444.2022.2078630","DOIUrl":"10.1080/19186444.2022.2078630","url":null,"abstract":"<div><div>Our study investigates the effects of foreign ownership on firm performance with respect to profitability, productivity, export intensity, and skills acquisition in Sub-Saharan African (SSA) countries. This is particularly important given that in the last three decades, the stock of FDI has increased by over 20,000% in SSA countries. To achieve the objectives of this paper, we employed firm- and country-level data from the World Bank Enterprise Surveys and the World Bank Development Indicators, respectively. Results of the least squares dummy variable (LSDV) and propensity score matching (PSM) estimations showed that foreign ownership was positively associated with higher levels of financial profitability, productivity, exports, and skilled labour acquisition. Policy implications were deduced from the findings.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 418-437"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88513825","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 effect of foreign direct investment on economic growth in developing countries","authors":"Ezo Emako, Seid Nuru, Mesfin Menza","doi":"10.1080/19186444.2022.2146967","DOIUrl":"10.1080/19186444.2022.2146967","url":null,"abstract":"<div><div>The article considers analysing the effect of sector-specific foreign direct investment (FDI) (the primary, secondary, and tertiary sectors) on economic growth in 19 developing countries over the period 2005–2018. Variables such as human capital, domestic investment, financial development, openness of the economy, labour force, and arable land were included as control variables. A robust two-step system generalised method of moments (GMM) was utilised for the analysis of the data. The study found that FDI’s growth effect is indeed influenced by its sectoral composition in developing countries. The finding reveals that FDI in manufacturing has a positive and statistically significant influence on economic growth, whereas FDI in the tertiary sector has a statistically significant negative effect on economic growth, but FDI in the primary sector has a negative but negligible effect on economic growth. Lastly, it can be concluded from the above results that the more manufacturing FDI that countries attract, the greater their economic growth will be. In light of this, the countries should provide special incentives like tariff reductions, tax holidays, and cheap-rented land supplies in order to attract more manufacturing sector FDI.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 382-401"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77216020","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":"Introduction for the special issue geopolitical risks and transnational corporations: the case of the Ukrainian Crisis","authors":"Xiaotong Zhang , Érick Duchesne","doi":"10.1080/19186444.2022.2141050","DOIUrl":"10.1080/19186444.2022.2141050","url":null,"abstract":"<div><div>This special issue aims at further understanding of geopolitical risks facing multinational corporations in the context of the Russia–Ukraine war. In the Introduction, we first provide an overview of the contributions of each article in this Special Issue. Secondly, we offer a definition of a geopolitical risk, as “an international risk provoked by geography-related acts” and explain the underlying causes of these risks as associated with evolving geopolitical structures. Thirdly, we assess the price to pay for failing to anticipate geopolitical risks, using the Ukrainian Crisis as a Case in Point. In conclusion, we propose that it is essential to increase the focus on the “geo” components of “geopolitics,” to better understand the true meanings of geopolitical risks.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 333-338"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87240833","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":"Chinese transnational corporations in the Ukraine crisis: risk perception and mitigation","authors":"Shaohua Yan , Xu Yao , Bin Ma","doi":"10.1080/19186444.2022.2144082","DOIUrl":"10.1080/19186444.2022.2144082","url":null,"abstract":"<div><div>As the most consequential geopolitical event in the post-Cold War era, the Ukraine Crisis has given rise to intensive debates over the impacts of geopolitics on the operation of transnational corporations. While lots of attention has been paid to the impacts of the crisis on global economies and business operations, there is still limited understanding of how Chinese transnational corporations (CTCs) perceive and respond to the geopolitical risks associated with the Ukraine crisis. This article contributes to the literature by studying the risk perceptions and mitigations of CTCs towards the Ukraine crisis. It argues that CTCs’ risk perceptions have centred on three aspects, including the Russia-Ukraine war itself, the sanctions imposed by western countries and the possible deterioration of China-EU-US relations. Based on these risk perceptions, CTCs have turned to diversified strategies to mitigate the geopolitical risks linked with the Ukraine crisis, with low-profile compliance being the dominant strategy among CTCs.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 371-381"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74063755","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":"How political risk in host country affects FDI: an explanation for the paradox of China’s investment risk preference","authors":"Kai Liu, Wen Miao, Haoyi Jia","doi":"10.1080/19186444.2022.2151792","DOIUrl":"10.1080/19186444.2022.2151792","url":null,"abstract":"<div><div>In recent years, the scale of China’s outward foreign direct investment has been expanding, and the political risks are also intensifying. How does political risk affect the decision-making of outward foreign direct investment? This paper collected the relevant data of 134 countries from 2003 to 2016, using the regression method of System Generalised Method of Moments. It studies the political risk preference of outward foreign direct investment in the world and China. The study found that there is no political risk preference in the world as a whole. In contrast, China’s outward foreign direct investment has obvious political risk preference. China does not have a political risk preference for developed countries. At the same time, China has shown strong default risk preference for emerging market countries and countries along the \"the Belt and Road\". This study adds default risk when measuring political risk, and further subdivides political risk into five categories, taking into account their internal interaction mechanism. In addition, this paper not only studies the similarities and differences of outward foreign direct investment 's political risk preferences between China and the world, but also introduces investment motivation to better explain the location choice of China’s outward foreign direct investment.</div></div>","PeriodicalId":45011,"journal":{"name":"Transnational Corporations Review","volume":"14 4","pages":"Pages 353-370"},"PeriodicalIF":1.6,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84796485","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}