{"title":"Geopolitical hostility and corporate innovation: Evidence from US high-tech firms in trade sectors with China","authors":"Yankuo Qiao","doi":"10.1111/ecpo.12262","DOIUrl":"10.1111/ecpo.12262","url":null,"abstract":"<p>This study aims to empirically examine whether and how the innovation activities would change in the face of shocks caused by heightened US-China tensions for US high-tech firms from trade sectors with China. It is found that although the overall innovation intensity slides down during periods of heightened geopolitical risk and policy uncertainty, innovativeness of the US high-tech companies from trade sectors with China is not completely suppressed by the escalated tensions and still maintains certain levels of momentum compared with other firms. However, the empirical evidence demonstrates that the superiority of the innovation intensity of US high-tech companies from trade sectors with China to other firms is curbed during periods of heightened tensions in comparison with periods in the absence of geopolitical shocks and economic uncertainty. Moreover, the negative impact of US-China tensions on corporate innovation is further amplified when the firm is less established, more financially constrained and of smaller size and less human power capital, each of which serves as an important moderator driving the negative relation. The findings of the paper are based on multifaceted empirical methods and contribute to the literature on corporate innovation, international trade, and geopolitical and economic tensions between nations.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"36 1","pages":"517-556"},"PeriodicalIF":1.0,"publicationDate":"2023-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135982275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Kulikova Tatyana Andreevna, Kirikutsa Elena Gennadievna, Sinyavin Vladimir Yurievich, Bareeva Irkyam Adgamovna
{"title":"A Methodical Approach to Optimization and Application of a Standard Factor of Overhead Costs","authors":"Kulikova Tatyana Andreevna, Kirikutsa Elena Gennadievna, Sinyavin Vladimir Yurievich, Bareeva Irkyam Adgamovna","doi":"10.11648/j.eco.20231203.12","DOIUrl":"https://doi.org/10.11648/j.eco.20231203.12","url":null,"abstract":"","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"87 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81807499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Nikita Lopatin, Beverly Mendoza, Joseph M. Westenberg
{"title":"Section 301 and politics: Analysis of tariff exclusions","authors":"Nikita Lopatin, Beverly Mendoza, Joseph M. Westenberg","doi":"10.1111/ecpo.12260","DOIUrl":"10.1111/ecpo.12260","url":null,"abstract":"<p>The Trump administration imposed tariffs on Chinese imports starting in 2018. American firms that rely on Chinese imports were allowed to apply for exclusions for products. In this paper, we investigate political factors affecting the approval rates for these tariff exclusions. We also consider factors that may impact this estimate, such as firm selection into requesting and legitimacy of request. We find that tariff exclusion is increasing in the Republican vote share. Counties with a 10 percentage point higher Republican vote share experience a 10% higher probability of tariff exclusion approval.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"36 1","pages":"483-516"},"PeriodicalIF":1.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127872382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Public–private partnership, cost of debt and accounting conservatism","authors":"Qu Deng, Hezun Li, Hong Yue","doi":"10.1111/ecpo.12259","DOIUrl":"10.1111/ecpo.12259","url":null,"abstract":"<p>Using a manually collected data set of Chinese publicly traded firms from 2010 to 2017, this study examines how public–private partnerships (PPP) affect the cost of debt and financial reporting. We argue that a firm gains political capital through a PPP and thus may access debt markets at a lower cost. Consistent with our expectation, we find that participants of PPP enjoy significantly lower bank loan interest rates than other firms. This is more pronounced for nonstate-owned enterprises, for firms without politically connected CEOs, and for loans from state-owned banks. However, these participants reduce their accounting conservatism, suggesting a substitution between financial reporting and political connections. Also, participating in PPP does not improve firms' financial performance. Thus, the lower interest rates are not justified by economic fundamentals or financial reporting quality. Overall, our study suggests that PPP distort state-owned banks' lending decisions and lower accounting conservatism, highlighting the potential cost of PPP to society.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"36 1","pages":"432-482"},"PeriodicalIF":1.0,"publicationDate":"2023-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123729365","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Growth impact of status seeking behavior: A counter example","authors":"Hamid Beladi, Sugata Marjit, Koushik Kumar Hati","doi":"10.1111/ecpo.12257","DOIUrl":"10.1111/ecpo.12257","url":null,"abstract":"<p>This paper analyzes the impact of status seeking behavior on the growth of income. Conventional wisdom suggests that such behavior should stimulate the growth rate. We introduce a general status indicator as an average of relative income and another that reflects relative expenditure on a status good in a simple dynamic model. We show that the conventional approach, which includes only concern for relative income, matters for growth. Otherwise, higher relative expenditure on a status good does not have any additional impact on optimal growth beyond the golden rule. Thus, the accepted wisdom that relative status concern always stimulates incentive for growth is called into question and provides fresh policy perspective.</p>","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"36 1","pages":"398-406"},"PeriodicalIF":1.0,"publicationDate":"2023-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129324617","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Possibilities of Regional Integration of Financial Institutions of Georgia","authors":"Xatuna Shalamberidze Xatuna Shalamberidze","doi":"10.36962/ecs105/5-7/2023-40","DOIUrl":"https://doi.org/10.36962/ecs105/5-7/2023-40","url":null,"abstract":"Georgia is located in the South Caucasus, at the crossroads of Europe and Asia. The general strategy of the country's development is freedom, rapid development, prosperity.\u0000The purpose of the research is to find out the involvement of the financial institutions of Georgia and neighboring states in achieving regional economic results, to analyze the current situation and to determine the development prospects. Along with the priorities of the country strategy, the main strategic task is regional cooperation and integration - balanced development of the economy, greater functionality of urban areas, reduction of poverty and inequality, strengthening of governance and institutional capacity, involvement of banking, insurance and other financial institutions, which will help Georgia to make the most of its valuable advantages , including geographic location.\u0000The implemented measures result in a variety of financing instruments. New financial institutions, together with the banking sector and insurance companies, will increase the quality of financial intermediation and, therefore, the effective placement of investment resources through risk insurance, which will ultimately improve access to finance both in the country and among the countries of the Black Sea region. In cooperation with financial institutions, new lending schemes will be introduced and new financial products will be developed.\u0000Keywords: regional cooperation and integration; Strengthening economic ties; Opportunities for regional integration of financial institutions (banks, insurance companies).","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"80 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83832422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Possibilities of Air Transport Cluster Formation in Georgia","authors":"Mariam Churchelauri Mariam Churchelauri","doi":"10.36962/ecs105/5-7/2023-51","DOIUrl":"https://doi.org/10.36962/ecs105/5-7/2023-51","url":null,"abstract":"Aerial transport is one of the fastest and dynamically developing sectors of the world economy and holds an increasingly extremely strong position in the global transport system every year. The international air transport system consists not only of international airlines and airports but also of the states that connect with each other on international airlines and ensure communication in the area of air transportation, as well as for efficient operation and safety. International transport network currently includes all geographic regions and more than 150 countries of the world.\u0000 The geopolitical location and transit function of Georgia itself create the country’s natural competition preferred. By creating a competitive transport and logistic system, the country has the real opportunity to become part of the global transport system. The transport system is a collection of all kinds of vehicles (maritime, air, traffic, railroad, railroad, pipelines) requiring a complex approach and simultaneous management. This implies the coordinated development of vehicles, cooperation between the state and the private sectors, development of unified transport s policy and strategy that will promote complex development of transport infrastructure. This is best accomplished in an economic cluster that will certainly accelerate the efficient functioning of the sector. \u0000 Keywords: air-transport cluster, transport infrastructure, transit function, transport logistics.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"1 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85129424","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Marketing Research of Financial Literacy Factors and Sustainable Development of the Region","authors":"Maia Akhvlediani Maia Akhvlediani, Irine Kopalini Irine Kopalini, Natela Janelidze Natela Janelidze","doi":"10.36962/ecs105/5-7/2023-17","DOIUrl":"https://doi.org/10.36962/ecs105/5-7/2023-17","url":null,"abstract":"In the modern world money and all issues connected with financial wellbeing take an extremely important place. The relevance of the research topic is explained by the fact that nowadays it is necessary the regular monitoring of the mood and needs of citizens and tracking the dynamic of demand for certain financial products, identifying errors and misunderstanding that citizens face when making financial decisions. The Georgian consumer is unique and his financial behaviour has an expressed national, cultural and geographical specificity. The financial culture, literacy and experience of our population are just starting to take shape. This research aims to deepen regional studies concerning various factors of financial literacy (financial skills, financial behaviour, values, style of money management, financial knowledge), in particular, to study the level of financial education of students and young people. \u0000 In the article, we studied the influence of financial literacy factors on the financial behaviour of pupils and students, using the synthesis and analysis of various scientific approaches, questionnaires and statistic processing methods, concerning the research problem. A financial education center was established at Akaki Tsereteli State University for the first time in the region, based on the analyses and the data obtained as a result of marketing research. Based on the centre, various measures have already been implemented in terms of improving the financial literacy of students and pupils. The main goal of the centre for the future will be the promotion of the culture of financial education of students and pupils within the available resources.\u0000 Keywords: financial knowledge, financial culture, financial behavior, financial skills, financial institutions, financial education, financial competence, values.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"47 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90348405","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"THE ROLE OF ACCOUNTING AND INTERNAL CONTROL IN THE ENTERPRISE MANAGEMENT SYSTEM","authors":"Dezdemona Maglakelidze Dezdemona Maglakelidze, Natela Vashakidze Natela Vashakidze, Diana Uglava Diana Uglava","doi":"10.36962/ecs105/5-7/2023-66","DOIUrl":"https://doi.org/10.36962/ecs105/5-7/2023-66","url":null,"abstract":"For the development of international economic relations in Georgia, the role of accounting as the language of business is great, which requires compliance of accounting and reporting with the norms and rules recognized by the international practice of accounting. Because of this, a national accounting-reporting model was created in our country, for which the main normative documents of accounting regulation, the Law of Entrepreneurs and others were developed and put into effect. In enterprises, when the economic activity increases, it becomes necessary to create an internal control system for the protection of the current accounting and reporting legislation. In order for the internal control system to be fully involved in the management of enterprises, the main element of which is the internal audit, its goals must be realized, awareness raising, which is the goal of the abovementioned paper. Internal audit - this is the internal control of the enterprise, which is organized as a separate service in the enterprise, and their main task is to help accounting workers to perform their duties as efficiently and effectively as possible. Because of this, it is the duty of the internal auditors to check the accuracy of accounting information and to make recommendations for their improvement, thus they contribute to raising the quality of accounting and reporting in the enterprise.\u0000 Keywords: accounting, financial reporting, internal control, internal audit.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"62 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90205842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A Brief Review of the International Experience of Commercialization of Scientific Research","authors":"Ana Polodashvili Ana Polodashvili","doi":"10.36962/ecs105/5-7/2023-141","DOIUrl":"https://doi.org/10.36962/ecs105/5-7/2023-141","url":null,"abstract":"Today, it is impossible to achieve sustainable development of the country's economy without scientific research. At the same time, it is necessary to disseminate research results and practical use through commercialization. It should be noted that the knowledge transfer, technologies and inventions from research to commercialization is a rather complex process and requires the joint involvement of both - science and business, as well as political decision-makers. In this paper, the difficulties and opportunities related to commercialization, as well as the role and purpose of universities in this process, are discussed on the example of different countries. There must be mentioned that along with the general defining framework conditions, personal factors such as risk attitude, motivation, self-satisfaction and others play a decisive role in connecting science and business. Scientific fields with special commercial potential in different countries are also discussed in the paper. On the example of some countries, political decisions that directly or indirectly influence the implementation and commercialization of academic research results in the real environment are also presented.\u0000Keywords: Commercialization, Scientific research, Technology transfer, Commercialization promoting policies, University research.","PeriodicalId":47220,"journal":{"name":"Economics & Politics","volume":"31 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73085894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}