Capital Flight for Family? Exploring the Moderating Effects of Social Connections on Capital Outflow of Family Business

Author(s):  
Bao Wu ◽  
Qi Wang ◽  
Chevy-Hanqing Fang ◽  
Fu-Sheng Tsai ◽  
Yuanze Xia
2020 ◽  
Vol 157 ◽  
pp. 03017
Author(s):  
Anahita Seifi ◽  
Samira Motaghi ◽  
Salah Ebrahim ◽  
Mojtaba Soltani Ahmadi

Behavioral economics has proven that negative emotions can influence investors’ decisions. One of the factors that have a negative impact on investors’ sentiment is terrorism as the new face of violence with economic consequences. The link between terrorism and capital outflow is a theoretical framework that explains how violence affects capital flight of a country. With this in mind, the purpose of this study is to investigate the effect of terrorist activities on capital flight in the Middle East countries during the period 2000-2016 using the Spatial Econometric Panel Data Approach. The results of this study show that terrorism and its spatial effects have a significant and positive impact on capital flight in the Middle East countries. Also, gross domestic production (GDP) and trade openness have negative effects on capital outflow. This study has important implications for policymakers in countries facing terrorist activity and investors’ trust building.


2021 ◽  
Vol 9 (2) ◽  
pp. 129-140
Author(s):  
Irwansyah Irwansyah ◽  
Ardi Paminto ◽  
Yana Ulfah ◽  
Muhammad Ikbal ◽  
Dio Caisar Darma

Purpose of the study: Entrepreneurship is one of the drivers of the national economy, youth and students are the main driving force for forming young entrepreneurs. Our research aimed at examining the students' intention towards action becoming an entrepreneur which is moderated by several factors, namely the background of family business ownership and the entrepreneurial university environment. Methodology: Data collection by using survey methods, with samples of students in several universities in Indonesia. From January 2020 to April 2020 there were 983 questionnaires sent by email, which apps or Instagram accounts owned by respondents. As many as 983 questionnaires were distributed, only 234 questionnaires returned, and 187 completed questionnaires and can be used. Main Findings: The analysis results showed variable of perceived desirability positively and have a significant effect on the intention to be entrepreneurial, while perceived feasibility does not have a significant effect on the respondents' intention for entrepreneurship, then the entrepreneurial intention describes the actions taken to implement the intention become entrepreneurs in the future. In the third stage, generate negative moderating effects from a family business background and not significant, as well as the entrepreneurial university environment produces positive but not significant moderating effects. Applications of this study: We used the planned behaviour theory an effort to test the intentions and desires of student entrepreneurship which are moderated by two factors. Novelty/Originality of this study: This study presents problems regarding family business, entrepreneurship within the University, and students' intentions in starting a business. The study object, analysis model, and study results show differences from previous studies, so it is very interesting to be used as references in the future.


2012 ◽  
Vol 26 (1) ◽  
pp. 10-31 ◽  
Author(s):  
Alfredo De Massis ◽  
Federico Frattini ◽  
Ulrich Lichtenthaler

The purpose of this article is to review and systematize prior work on technological innovation in family firms and to open up an agenda to guide future research into this promising area. The study shows that family involvement has direct effects on innovation inputs (e.g., R&D expenditures), activities (e.g., leadership in new product development projects), and outputs (e.g., number of new products), as well as moderating effects on the relationships between these steps of technological innovation. The article uses theories applied in family business research (e.g., agency theory) to discuss opportunities for extending technological innovation frameworks by considering family involvement.


1993 ◽  
Vol 32 (4II) ◽  
pp. 619-627 ◽  
Author(s):  
Khwaja Sarmad

An important and often ignored aspect of Pakistan's economy during the Seventies and the Eighties has been the high degree of mobility of domestic private capital despite the prevalence of explicit capital controls. In a foreign exchange constrained situation the capital outflow arising frOm increasing private claims abroad can have macroeconomic consequences leading to welfare loss through the reduction of domestic real investment, foreign exchange availability and a shrinking tax base, which result in the loss of potential growth. It is important to have some estimate of 'capital flight' in order to uncover the 'concealed' transactions in the balance of payments and to reveal the actual behaviour of institutional agents, since a part of the balance of payments difficulties are due to the deinand for foreign assets by the private sector channelled through unrecorded transactions. Because of their hidden nature these transactions have remained unrecorded in the official economic accounts and are consequently neglected. Thus, despite the importance of this phenomenon, often identified as 'capital flight', there have been few attempts to investigate the issue in Pakistan [with the exception of Khan and Haque (1987)]. The main reason for this being the difficulty in identifying 'capital flight' within the recorded balance of payments.


2018 ◽  
Vol 3 (18) ◽  
pp. 32-42 ◽  
Author(s):  
Judy P. Walker ◽  
Karlee Price ◽  
Jana Watson
Keyword(s):  

2013 ◽  
Vol 27 (4) ◽  
pp. 283-293 ◽  
Author(s):  
Lars Behrmann ◽  
Elmar Souvignier

Single studies suggest that the effectiveness of certain instructional activities depends on teachers' judgment accuracy. However, sufficient empirical data is still lacking. In this longitudinal study (N = 75 teachers and 1,865 students), we assessed if the effectiveness of teacher feedback was moderated by judgment accuracy in a standardized reading program. For the purpose of a discriminant validation, moderating effects of teachers' judgment accuracy on their classroom management skills were examined. As expected, multilevel analyses revealed larger reading comprehension gains when teachers provided students with a high number of feedbacks and simultaneously demonstrated high judgment accuracy. Neither interactions nor main effects were found for classroom management skills on reading comprehension. Moreover, no significant interactions with judgment accuracy but main effects were found for both feedback and classroom management skills concerning reading strategy knowledge gains. The implications of the results are discussed.


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