Soft landing has become more likely in Central Europe

2019 ◽  
Keyword(s):  
Central Europe ◽  
Growth Model ◽  
Consumer Confidence ◽  
Demand Side ◽  
Soft Landing ◽  
Content Type ◽  
Business Confidence

Significance The NBP’s March Inflation Report lowers its forecast for average CPI significantly to 1.7%, from 3.2% in its November forecast; GDP is to grow by 4.0% (November: 3.6%). Outside Poland, a CPI spike will further dampen consumer confidence in Central Europe (CE). Impacts GDP performance in 2019 will be patchier in some countries, but CE will remain one of the EU’s fastest-growing regions. While CE’s growth model will remain tilted towards the demand side, the construction boom will support expansion, especially in Hungary. CE-EU tensions, as Article 7 proceedings continue against Poland and Hungary, could dampen business confidence. Fiscally expansive policies in Poland and Hungary will lead to fiscal deterioration, but deficits will stay under the EU’s 3% of GDP limit.

scholarly journals Air traffic will take years to return to 2019 levels

2020 ◽  
Keyword(s):  
Air Traffic ◽  
Consumer Confidence ◽  
Gdp Growth ◽  
Content Type ◽  
The World ◽  
Business Confidence ◽  
The Many ◽  
Cash Reserves

Significance However, it remains uncertain how evolving measures to curb the spread of COVID-19 will affect their operations, how long it will take for consumer confidence to recover, and perhaps most importantly, whether the average of two months' cash reserves airlines had going into this crisis will see them through it. Impacts Aviation suppliers including airports and aircraft manufacturers are forecast to suffer heavy losses. The world recession will hit consumer and business confidence, and disposable incomes, slowing the passenger and cargo traffic recovery. The UNWTO sees world tourism sales falling by 73% this year, hitting the many nations that rely on tourism as a key engine of GDP growth.

Impacts of Business Confidence and Consumer Confidence on VN-Index

2014 ◽  
Vol 222 ◽  
pp. 76-88
Author(s):  
THAN THI THU THUY ◽  
PHAM THI BICH THAO
Keyword(s):  
Consumer Confidence ◽  
Business Confidence

UK prime minister will likely remain in power for now

2022 ◽  
Keyword(s):  
Northern Ireland ◽  
Prime Minister ◽  
Conservative Party ◽  
Culture Wars ◽  
Consumer Confidence ◽  
Party Leader ◽  
Content Type ◽  
The Public ◽  
Net Zero ◽  
The Eu

Significance As many as a dozen lockdown parties are now alleged to have been held at Downing Street, significantly damaging Johnson’s support among the public and his Conservative Party. His position as party leader and prime minister is gravely threatened. Impacts Johnson’s domestic troubles, coupled with rising economic concerns, increase the chance of an agreement with the EU over Northern Ireland. Disillusionment with Johnson, opposition to net-zero and culture wars open the door for Nigel Farage’s Reform Party to revive its appeal. Rising inflation threatens to undermine consumer confidence and slow the economic recovery over the coming year.

Enhancing the firm’s strategic behaviour

2018 ◽  
Vol 34 (8) ◽  
pp. 1-3
Keyword(s):  
Design Methodology ◽  
Reading Time ◽  
External Factors ◽  
Demand Side ◽  
Content Type ◽  
Strategic Behaviour ◽  
Industry Life Cycle ◽  
Pertinent Information ◽  
Internal And External Factors ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context Findings Strategic behaviour is shaped considerably by demand-side internal and external factors. Through appropriate investment to acquire and enhance customer-related capabilities, firms can become better positioned than rivals to make effective decisions during along an industry life cycle. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

scholarly journals Supporting Ghanaian micro-entrepreneurships: the role of mobile technology

2019 ◽  
Vol 11 (3) ◽  
pp. 306-327 ◽  
Author(s):  
Emmanuel Mensah Asiedu ◽  
Susan Shortland ◽  
Yehia Sabri Nawar ◽  
Paul J. Jackson ◽  
Laura Baker
Keyword(s):  
Mobile Phone ◽  
Mobile Technology ◽  
Business Processes ◽  
Eastern Region ◽  
Exploratory Research ◽  
Structured Interviews ◽  
Content Type ◽  
Rural Ghana ◽  
Business Confidence

PurposeThe purpose of this paper is to explore the role of mobile technology and related service platforms in supporting informal micro-entrepreneurships in rural Ghana. It aims to extend our knowledge through the development of a conceptual model.Design/methodology/approachA qualitative research design used in-depth semi-structured interviews with five micro-entrepreneurship owners in the Kwahu South District in the Eastern region of Ghana. Identification of potential case firms was facilitated by a local official. Interview data were analysed thematically.FindingsMobile technology engendered pride and emotional connectedness and, being easy to use, helped to increase business confidence. Adoption advantages included improved communications with customers and business partners, and effective stock control, providing competitive advantage. Further understanding of mobile technology’s role in improving business processes is needed.Research limitations/implicationsThis exploratory research is based on five micro-entrepreneurships in one Ghanaian rural area. Further research is needed using larger samples, additional locations and sectors and larger businesses, to identify other factors influencing mobile technology adoption and associated benefits and problems.Practical implicationsGovernment policy supporting growth of informal micro-entrepreneurships using mobile phone technology could increase economic advantage. Micro-business owners need education and training in understanding business processes. Telecommunications companies can highlight technological, business and socio-cultural benefits of mobile phone adoption in rural Ghana.Originality/valueThe paper draws upon the experiences of a range of rural-based Ghanaian micro-entrepreneurships to propose a model setting out and linking the technical, business and socio-cultural benefits of mobile phone adoption in supporting business processes.

The factors of consumer confidence recovery after scandals in food supply chain safety

2018 ◽  
Vol 30 (5) ◽  
pp. 1379-1400 ◽  
Author(s):  
Shuhui Wang ◽  
Paul Alexander
Keyword(s):  
Decision Making ◽  
Food Safety ◽  
Supply Chains ◽  
Large Scale ◽  
Deductive Reasoning ◽  
Consumer Confidence ◽  
Milk Formula ◽  
Extended Model ◽  
Content Type ◽  
Before And After

Purpose Viewing consumer confidence as a set of static factors has informed previous research and underpinned strategies used in recovering from food safety quality failures, but this approach has not delivered reliable and quick recovery from large-scale food safety scandals. The purpose of this paper is to examine extant models and the factors they are composed of, and suggest an extended model that has a better potential for consumer confidence. The paper focuses on food products where supply chains are visible, and use these features to group the findings. Design/methodology/approach In this study principal components and logit analyses are used to assess the role of 30 variables operating in a consumer confidence model constructed from several existing in the literature. This combined model considers emotional, cognitive, trust and sociodemographic factors. In total, 14 independent factors are identified. The authors examine the factors, and from these, the decision-making mechanisms before and after the Sanlu Infant Milk Formula (IMF) scandal of 2008. Findings The authors find that the factors considered by consumers are different for different IMF supply chains, and different again before and after the scandal. The authors develop the argument for an extension to the existing models, incorporating a dynamic consumer confidence system. Research limitations/implications The paper uses a single survey after the focus event to establish “before” and “after” decision-making factors. Since the IMF scandal is recent and of very high profile, this is likely valid even if it carries memory bias effects. The study is directly applicable to food safety scandals in a Chinese context. Deductive reasoning extends our assertions to a wider context. They are logically validated but have not been formally tested. Practical implications Using this system as a framework a checklist for recovery from a similar food safety scandal is suggested. The authors also suggest more general use for use where supply chains features are visible to consumers. Originality/value Models for food safety consumer confidence recovery have previously focused on identifying models and the static factors they consist of. These do represent a reflection of how this phenomenon operates, but using the principals of this model nevertheless does not result in good recovery from extreme food safety failures. This paper contributes by extending these models to one that can be applied for better recovery.

scholarly journals Economic policy and confidence of economic agents – a causal relationship?

2020 ◽  
Vol 20 (4) ◽  
pp. 471-484
Author(s):  
Silvo Dajčman
Keyword(s):  
Fiscal Policy ◽  
Granger Causality ◽  
Government Spending ◽  
Government Expenditure ◽  
Policy Instruments ◽  
Consumer Confidence ◽  
Causality Analysis ◽  
Economic Agents ◽  
Business Confidence ◽  
The Government

AbstractThe purpose of this paper is to study whether innovations in monetary and fiscal policy are a leading indicator of future business and consumer confidence and reverse applying the panel Granger causality analysis to two periods in the history of the euro area: before and after the start of the Great Recession. The results show that Granger causality interaction between the confidence of economic agents and the stance of monetary policy (measured by the shadow rate) is stronger than between the former and the fiscal policy instruments. The European Central Bank (ECB) shadow rate innovations Granger caused business and consumer confidence in both periods, but also indicators of confidence Granger caused the shadow rate. No such feedback could be established between two fiscal policy instruments (government expenditure and revenue growth) and the indicators of confidence. Government spending and revenues Granger caused business confidence in the first subperiod, but not in the second subperiod when the causality reversed. The government revenues Granger caused consumer confidence in the first subperiod, while government expenditures in the second subperiod. Consumer confidence Granger caused government spending in the first subperiod.

Italy’s elections threaten the cohesion of the right

2021 ◽  
Keyword(s):  
Policy Framework ◽  
National Unity ◽  
Content Type ◽  
Election Result ◽  
Dominant Party ◽  
Strong Position ◽  
Business Confidence ◽  
Election Results ◽  
The Stability ◽  
The Right

Significance The results have destabilised relations within the alliance involving the League, Brothers of Italy (FdI) and Forza Italia (FI), and increased speculation that FI may ally with moderate parties instead. The election results reflect the popularity of Prime Minister Mario Draghi’s government of national unity. Impacts The stability of Draghi’s government may boost Italy’s chances of influencing reforms to the EU’s fiscal policy framework. The election result reflects the wider recovery in business confidence already evidenced in Italy. Based on polling trends, Giorgia Meloni’s FdI is in a strong position to be the leading populist party after the next election. Meloni’s rise could increase tensions between FdI and the League, as the latter is accustomed to being the dominant party in the polls.

Culture and income across countries: evidence from family ties

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sokchea Lim ◽  
Simran K. Kahai ◽  
Channary Khun
Keyword(s):  
Survey Data ◽  
Growth Model ◽  
Design Methodology ◽  
Macro Level ◽  
Second Step ◽  
Content Type ◽  
Family Ties ◽  
Highly Educated ◽  
Married Individuals ◽  
The Impact

PurposeThe purpose of the paper is to examine how much difference in income can be explained by familial culture that persists in different societies.Design/methodology/approachWe employ a two-step methodology to evaluate the impact of familial culture on income across countries. In the first step, we construct the macro measures of familial culture from micro survey data. In the second step, the growth model is estimated.FindingsFirst-step micro regression results show that family is more important to female, richer, highly educated, unemployed and married individuals. Male, poorer, less educated and unemployed individuals are more likely to respect and love parents unconditionally. The same group is also more likely to think that parents must do the best for their kids. Finally, the macro results show that the strength of national familial ties explains significant differences in income across countries.Research limitations/implicationsWe show that countries with weak family ties are richer than those with strong family ties. These results are useful for policymakers who design public policies that accommodate the type of familial culture that persists in their society.Originality/valueWe construct the macro measures of familial culture from the micro survey data. The paper adds to the literature on the effect of culture on income at the macro level.

Women leaders' views on demand-side strategies

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Alyson Byrne ◽  
Ingrid C. Chadwick ◽  
Amanda J. Hancock
Keyword(s):  
Women Leaders ◽  
Past Research ◽  
Women In Leadership ◽  
Career Stage ◽  
Leadership Roles ◽  
Management Support ◽  
Demand Side ◽  
Engaged Scholarship ◽  
Female Leaders ◽  
Content Type

PurposeThe purpose of this paper is to examine female leaders' attitudes toward demand-side strategies to close the gender-leadership gap and discuss implications for organizations.Design/methodology/approachThis article describes the process of knowledge co-creation that took place using an engaged scholarship epistemology over 23 interviews with North American women in senior leadership roles.FindingsFive key themes related to women leaders' attitudes toward demand-side strategies are discussed. Some felt uncertain or opposed toward these strategies, whereas others supported them. Support for these strategies was dependent on perceptions of backlash regarding the implementation of these strategies and the participants' career stage. Finally, participants acknowledged that demand-side strategies are insufficient in isolation and require additional organizational supports.Research limitations/implicationsThese findings enhance our understanding and provide theoretical refinement of the mechanisms that drive female leaders' reactions to demand-side strategies to close the gender-leadership gap.Practical implicationsParticipants advocated for certain practices to be considered when organizations contemplate the adoption of demand-side strategies. Importantly, participants advocated that the implementation of demand-side strategies would be insufficient unless organizations encourage greater dialogue regarding the gender-leadership gap, that top management support more gender inclusive leadership, and that male colleagues act as allies for women in leadership.Originality/valueThis article extends past research and theory by integrating the pragmatic perspectives of successful female leaders with previous empirical evidence to illustrate different reactions to demand-side strategies and ways for organizations to manage those in their efforts to close the gender-leadership gap.

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