scholarly journals Financial conservatism, firm value and international business risk: Evidence from emerging economies around the global financial crisis

2020 ◽  
Author(s):  
Michael Machokoto ◽  
Geofry Areneke ◽  
Davis Nyangara
Keyword(s):  
Financial Crisis ◽  
International Business ◽  
Emerging Economies ◽  
Firm Value ◽  
Global Financial Crisis ◽  
Business Risk ◽  
Financial Conservatism ◽  
The Global Financial Crisis

Investigating the Economic Vulnerability Factors of Emerging Markets After the Global Financial Crisis of 2008 With a Hybrid Multi-Criteria Decision-Making Approach

2018 ◽  
pp. 2114-2134
Author(s):  
Hasan Dinçer ◽  
Ümit Hacıoğlu
Keyword(s):  
Decision Making ◽  
Financial Crisis ◽  
Emerging Markets ◽  
Emerging Economies ◽  
Global Financial Crisis ◽  
Multi Criteria Decision Making ◽  
Vulnerability Factors ◽  
Economic Vulnerability ◽  
The Global Financial Crisis ◽  
The Relationship

The latest global financial crisis and its effects on emerging economies engaged researchers' attention to the relationship between economic vulnerability factors and financial crisis. Especially, infrastructure and growth-based factors directly impact on the economic vulnerability of emerging economies. In this study, it is aimed to investigate the economic vulnerability factors indicating the infrastructure and growth of emerging markets after the global financial crisis of 2008 with a hybrid multi criteria decision making approach. To clarify the relationship between the subjective causality structures of the real world problems DEMATEL and PROMETHEE techniques have been employed in the hybrid model. The results illustrate that (1) Nigeria has the highest degree of the economic vulnerability in each year after the global financial crisis, and (2) Mexico for 2009, Turkey for 2012, and Korea for 2015 have the lowest degree of exogenous economic and environmental shocks among the selected emerging markets.

Transparency, Institutions and Firm Value: Evidence from the Global Financial Crisis

2010 ◽  
Author(s):  
Irek Akhunianov ◽  
Ruben Enikolopov ◽  
Alexei Goriaev ◽  
Maria Petrova
Keyword(s):  
Financial Crisis ◽  
Firm Value ◽  
Global Financial Crisis ◽  
The Global Financial Crisis

scholarly journals Patents and small business risk: longitudinal evidence from the global financial crisis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Roberto Barontini ◽  
Jonathan Taglialatela
Keyword(s):  
Financial Crisis ◽  
Small Business ◽  
Small Firms ◽  
Global Financial Crisis ◽  
Business Risk ◽  
Firm Risk ◽  
Content Type ◽  
Patent Applications ◽  
The Global Financial Crisis ◽  
The Impact

PurposeThe purpose of this study is to shed light on the relationship between patent applications and long-term risk for small firms across the global financial crisis of 2008. During a crisis, firm risk often skyrockets, and small and medium enterprises face significant dangers to their business continuity. However, managers have a set of strategies that could be implemented to increase a firm’s resilience, sustaining competitive advantages and improving access to financial resource. The authors focused on the investigating the impact of patenting activities on small business risk in a time of crisis.Design/methodology/approachThis is a quantitative study based on a sample of Italian firms that applied for a patent in 2005. The changes in corporate credit ratings over a five-year period are related to different proxies of patent activity using multivariate regression analysis.FindingsFirms that filed for a patent were more resilient, compared to the control sample, during the financial crisis. Innovative activities resulting in patent application seem to deliver strategic resources useful to tackle the crisis rather than increase riskiness. The moderating effect of patents on risk sensitivity is stronger for small firms and when the number of patents or the patent intensity is larger.Originality/valueLimited evidence is available on how patent applications are related to risks for small firms during an economic crisis. The authors highlight that the innovative efforts resulting in patent applications can support small business resilience. The authors also point out that the implementation of patent information in small firms' credit score modeling is still an uncommon practice, while it is useful in estimating firm risk in a way more robust to exogenous credit shocks.

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