US shale sector will grow cautiously

2021 ◽  
Keyword(s):  
Oil Prices ◽  
Energy Transition ◽  
Business Environment ◽  
Energy Sources ◽  
Content Type ◽  
Corporate Strategies ◽  
Value Growth

Significance With weaker oil prices possible next year, investors see better prospects in technologies and energy sources aligned with the green transition. While US shale output is set to grow, companies in the sector are likely to retain defensive corporate strategies. Impacts Divestment of non-core hydrocarbons assets by oil majors could provide opportunities for smaller shale players. The outlook for US oil services companies is improving but the business environment will remain very competitive. The shale sector is aware that investor perceptions of value growth are switching heavily towards energy transition technologies.

Energy transition demand will elevate aluminium prices

2021 ◽  
Keyword(s):  
Supply Chain ◽  
Middle East ◽  
High Power ◽  
Energy Transition ◽  
Green Energy ◽  
Power Markets ◽  
Energy Sources ◽  
Content Type

Significance Aluminium smelters are being hampered by high power prices and shortages amid the switch towards green energy sources. China has been forced to start importing aluminium at record levels to tackle domestic shortages. Impacts The green energy transition will strain power markets, increasing the challenge of producing energy-intensive aluminium. Supply will gradually diversify as outputs stagnates in China but looks set to rise in Argentina, Brazil, the Middle East and Russia. Consumers and governments in importing nations will increase aluminium recovery and recycling to cut pressure on the supply chain.

An examination of strategies under the financial tsunami

2010 ◽  
Vol 110 (9) ◽  
pp. 1319-1336 ◽  
Author(s):  
G.T.S. Ho ◽  
K.L. Choy ◽  
S.H. Chung ◽  
C.H.Y. Lam
Keyword(s):  
Hong Kong ◽  
Global Economy ◽  
Quantitative Research ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Business Environment ◽  
Content Type ◽  
Corporate Strategies ◽  
Medium Enterprises ◽  
The Impact

PurposeThe purpose of this paper is to identify the factors, such as the different strategies adopted and the size of the company, that have a significant determining impact on the financial performance of companies in extreme circumstances.Design/methodology/approachThe research target of this paper is the small and medium enterprises (SMEs) in Hong Kong. This is quantitative research and it is done on a survey basis, which includes hypothesis setting and statistical analysis. In addition, constructive suggestions are given to companies after analyzing the current situation.FindingsIn total, ten factors from four dimensions are determined as the critical strategies for the company to adopt in an uncertain financial situation. The result shows the influence of different factors on return on investment for the companies with different backgrounds.Practical implicationsThe business environment today is full of turbulence and uncertainties; this, along with the fierce global competition, means that manufacturers are all struggling to survive. The financial tsunami that has swept across the global economy is believed to be the most catastrophic in living memory. Therefore, this research will be especially valuable and useful to companies which wish to achieve excellence in business performance in spite of such a global disaster.Originality/valueManufacturers worldwide have suffered badly from the impact of the financial tsunami. The SMEs in Hong Kong are certainly not an exception. However, under the same adverse conditions, some have been able to maintain their stability or even thrive. The findings suggest some specific corporate strategies which will enable companies to survive and remain competitive.

Regulatory reform to hurt Angola business recovery

2015 ◽  
Keyword(s):  
Civil War ◽  
River Basin ◽  
Oil Prices ◽  
Regulatory Reform ◽  
Business Environment ◽  
Infrastructure Projects ◽  
Content Type ◽  
Congo River ◽  
Military Presence ◽  
Congo River Basin

Significance Firms tolerated the country's difficult business environment when oil prices were high and profits more certain. However, the price slump has hurt firms across the economy, including non-oil sectors. Together with mounting regulatory burdens, this has caused many to begin to re-evaluate their plans. Impacts Diamond output could rise thanks to the government's renewal of Lucapa's licence, potentially boosting Angola's largest alluvial project. However, extensive landmine coverage -- left over from the 1975-2002 civil war -- will hamper further exploration. Heavy military presence in areas surrounding the Congo River basin will ensure security for firms, potentially helping confidence. The Brazilian court finding that Odebrecht utilised slavery-like labour practices in Angola will undermine its SSA infrastructure projects.

Morocco challenges Algeria’s Gulf neutrality policies

2018 ◽  
Keyword(s):  
Foreign Policy ◽  
United Arab Emirates ◽  
Foreign Investment ◽  
Oil Prices ◽  
Business Environment ◽  
Steel Plant ◽  
Eastern Region ◽  
International Arbitration ◽  
Content Type ◽  
The Government

Subject Algeria's policy towards the Gulf. Significance The Algerian government in April concluded an agreement with a United Arab Emirates (UAE) company to invest in a steel plant in the eastern region of Annaba. The announcement of the deal comes amid friction with the UAE arising from the perception that Algeria is cultivating excessively friendly relations with Qatar, thereby taking sides in the bitter rivalry among Gulf Arab states that emerged in June 2017. Impacts Algeria will maintain its principle of non-interference and keep a low-key foreign policy. The government is looking to attract foreign investment generally as a result of low oil prices that have shrunk Algeria's revenues. The country’s restrictive business environment could see investors resort to international arbitration.

Abu Dhabi will boost oil output for energy transition

2021 ◽  
Keyword(s):  
Technological Innovation ◽  
Oil Prices ◽  
Energy Transition ◽  
Oil Price ◽  
Abu Dhabi ◽  
International Expansion ◽  
Annual Increase ◽  
Content Type ◽  
Oil Reserves ◽  
Speed Up

Significance This is part of a wider strategy to capture more value from hydrocarbons resources, launched after a major corporate restructuring following the 2015 oil price crash. The publicly owned oil firm reported on February 16 a 9.7% annual increase in net profits in 2020, despite pandemic-related problems. Impacts The discovery of vast unconventional oil reserves will drive technological innovation and partnerships with US shale firms. Downstream petrochemicals in Asia will be crucial to ADNOC’s international expansion plans. Lower oil prices and increased US scrutiny may speed up Abu Dhabi’s scaling-back of its interventionist foreign policy.

scholarly journals Improvements and Spatial Dependencies in Energy Transition Measures

Energies ◽  
2021 ◽  
Vol 14 (13) ◽  
pp. 3802
Author(s):  
Marta Ewa Kuc-Czarnecka ◽  
Magdalena Olczyk ◽  
Marek Zinecker
Keyword(s):  
Driving Forces ◽  
Energy Transition ◽  
Business Environment ◽  
Spatial Effects ◽  
World Economic Forum ◽  
Spatial Error ◽  
New Approach ◽  
Spatial Dependencies ◽  
World Economic ◽  
Transition Index

This article aims to improve one of the newest energy transition measures—the World Economic Forum WEF Energy Transition Index (ETI) and find its driving forces. This paper proposes a new approach to correct the ETI structure, i.e., sensitivity analysis, which allows assessing the accuracy of variable weights. Moreover, the novelty of the paper is the use the spatial error models to estimate determinants of the energy transition on different continents. The results show that ETI is unbalanced and includes many variables of marginal importance for the shape of the final ranking. The variables with the highest weights in ETI did not turn out to be its most important determinants, which means that they differentiate the analysed countries well; nonetheless, they do not have sufficient properties of approximating the values of the ETI components. The most important components of ETI (with the highest information load) belong to the CO2 emissions per capita, the innovative business environment, household electricity prices, or renewable capacity buildout. Moreover, we identified the clustering of both ETI and its two main pillars in Europe, which is not observed in America and Asia. The identified positive spatial effects showing that European countries need much deeper cooperation to reach a successful energy transition.

Crisis or opportunity: Marks and Spencer’s tryst with Indian retail

2020 ◽  
Vol 16 (6) ◽  
pp. 671-690
Author(s):  
Arunima Rana ◽  
Ravi Shankar
Keyword(s):  
Decision Making ◽  
International Business ◽  
Brand Management ◽  
Secondary Data ◽  
Business Environment ◽  
Special Focus ◽  
Retail Sector ◽  
Content Type ◽  
Competitor Analysis ◽  
Fashion Retail

Research methodology The case is written using secondary data sources (namely, research documents, press information, journal articles and published interviews). Publicly declared company information has further been leveraged to augment case facts. All information sources have been duly acknowledged in the reference section. Case overview/synopsis The case is written in the backdrop of COVID-19 pandemic and its effect on the Indian retail industry, revolving around scenarios in which a multinational retailer has to decide on its long- and short-term strategy in such an economic crisis. The case story has been developed around Marks and Spencer’s retail venture in the Indian market. With the COVID-19 pandemic impacting business at various levels, with countries moving to lock down and economies shrinking to recessionary levels, one of the worst affected sectors is retail. The teaching case builds upon Mark and Spencer’s initial decision of not entering and extending its food/grocery business in India. While it remained a dominant player in Indian fashion retail for almost two decades, it needs to re-think its decision of entering food retail owing to a pandemic situation affecting its offline sales/store footfall and increasing competition from global fashion brands such as Zara and H&M that had flooded the Indian fashion retail sector. The case provides a context for students to perform environmental factor and competitor analysis for a sector, with special focus on decision making in a changing crisis scenario. Complexity academic level This case could be used in undergraduate and MBA classroom programme, across subjects such as retail management, marketing management, international business, international business environment and strategic business management. This case fits while discussing topics such as business environmental factors, competitor analysis, decision-making under crisis, market entry decision, omnichannel retail strategy, consumer behaviour and brand management.

Corporate governance practices and capital structure decisions: the moderating effect of gender diversity

2020 ◽  
Vol 20 (5) ◽  
pp. 939-964
Author(s):  
Mohammad A.A Zaid ◽  
Man Wang ◽  
Sara T.F. Abuhijleh ◽  
Ayman Issa ◽  
Mohammed W.A. Saleh ◽  
...  
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Capital Structure ◽  
Generalized Method Of Moments ◽  
Gender Diversity ◽  
Business Environment ◽  
Board Structure ◽  
Content Type ◽  
Financing Decisions ◽  
The Impact

Purpose Motivated by the agency theory, this study aims to empirically examine the nexus between board attributes and a firm’s financing decisions of non-financial listed firms in Palestine and how the previous relationship is moderated and shaped by the level of gender diversity. Design/methodology/approach Multiple regression analysis on a panel data was used. Further, we applied three different approaches of static panel data “pooled OLS, fixed effect and random effect.” Fixed-effects estimator was selected as the optimal and most appropriate model. In addition, to control for the potential endogeneity problem and to profoundly analyze the study data, the authors perform the one-step system generalized method of moments (GMM) estimator. Dynamic panel GMM specification was superior in generating robust findings. Findings The findings clearly unveil that all explanatory variables in the study model have a significant influence on the firm’s financing decisions. Moreover, the results report that the impact of board size and board independence are more positive under conditions of a high level of gender diversity, whereas the influence of CEO duality on the firm’s leverage level turned from negative to positive. In a nutshell, gender diversity moderates the effect of board structure on a firm’s financing decisions. Research limitations/implications This study was restricted to one institutional context (Palestine); therefore, the results reflect the attributes of the Palestinian business environment. In this vein, it is possible to generate different findings in other countries, particularly in developed markets. Practical implications The findings of this study can draw responsible parties and policymakers’ attention in developing countries to introduce and contextualize new mechanisms that can lead to better monitoring process and help firms in attracting better resources and establishing an optimal capital structure. For instance, entities should mandate a minimum quota for the proportion of women incorporation in boardrooms. Originality/value This study provides empirical evidence on the moderating role of gender diversity on the effect of board structure on firm’s financing decisions, something that was predominantly neglected by the earlier studies and has not yet examined by ancestors. Thereby, to protrude nuanced understanding of this novel and unprecedented idea, this study thoroughly bridges this research gap and contributes practically and theoretically to the existing corporate governance–capital structure literature.

Embeddedness and entrepreneurial traditions

2019 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Maria Elo ◽  
Leo-Paul Dana
Keyword(s):  
Social Ties ◽  
Extended Family ◽  
Business Environment ◽  
Content Type ◽  
Original Culture ◽  
New Locations ◽  
Business Entities ◽  
Time Changes ◽  
The Individual ◽  
Context Specific

Purpose The purpose of this paper is to explore how entrepreneurship traditions evolve in diaspora. Design/methodology/approach A qualitative multiple case study examining the role of diaspora embeddedness, extended family, ethno-religious-, cultural- and social ties and relevant structures shaping diaspora entrepreneurship. Findings The authors found that social ties and diaspora embeddedness create dynamism fostering entrepreneurial identity as a part of the Bukharian culture, and as a preferred career option in the context of Bukharian Jews in diaspora. Diasporic family businesses are products of culture and tradition that migrate to new locations with families and communities, not as disconnected business entities. Research limitations/implications The ways in which families nurture a highly entrepreneurial culture that transfers across generations and contexts are context-specific and not per se generalizable to other diasporas. Practical implications Diasporans often continue their traditions and become again entrepreneurs after their settlement, or they may generate hybrid, circular solutions that allow them to employ their competences in the new contexts or connecting various contexts. This calls for transnational entrepreneurship-policymaking. Social implications Time changes diasporas. A long-term commitment to the business environment evolves and reduces the mobility of the individual diasporan; typically the children of these migrants become more integrated and develop divergent career paths. Hence, their plans are not necessarily including family entrepreneurship creating a challenge for continuation of the original culture of entrepreneurship. Originality/value Despite a notable tradition in Jewish studies, there is limited research on Jewish entrepreneurial diaspora and its contemporary entrepreneurial identity and tradition. Furthermore, the population of Bukharian Jews is an unknown and under-explored highly entrepreneurial group that may offer instrumental views to larger diasporic audiences being concerned about maintaining notions of ethnic heritage and identity.

Cross-cultural communication imperatives

2018 ◽  
Vol 14 (2/3) ◽  
pp. 170-187 ◽  
Author(s):  
James Baba Abugre
Keyword(s):  
Business Environment ◽  
Cross Cultural ◽  
Sub Saharan Africa ◽  
Work Outcomes ◽  
Cultural Communication ◽  
Global Business ◽  
Content Type ◽  
Local Staff ◽  
Cross Cultural Communication ◽  
Sub Saharan

Purpose Given the rising expansion of Western multinational companies (MNCs) to the African contexts, the development of expatriates and local employees has become increasingly important to the human resource management of these MNCs. This paper aims to provide critical lessons on cross-cultural communication competences for Western expatriates working in the sub-Saharan Africa business environment. Design/methodology/approach This paper is a qualitative phenomenology that makes use of lived experiences of senior expatriate staff working in Ghana in the form of direct interviews. Findings Results showed that cross-cultural communication competence is very important for Western expatriates’ functioning in sub-Saharan Africa. The findings also established a plethora of cross-cultural communication skills that are essential for Western expatriates’ successful adaptation and work outcomes in Africa. Practical implications This research argues that there is the need for the appreciations of the differing cultural patterns of expatriates and local staff, and this provides the underlying assumptions of intercultural and cross-cultural communication in global business. Originality/value A critical perspective of international business that has scarcely been studied offers lessons for Western expatriates working in sub-Saharan Africa.

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