THE IMPACT OF GOVERNMENT INTERVENTION ON TECHNOLOGICAL REGIMES: THE SOURCING OF FINANCIAL INNOVATION

2018 ◽  
Vol 22 (03) ◽  
pp. 1850025
Author(s):  
PETER T. GIANIODIS ◽  
MATTHIAS THÜRER
Keyword(s):  
Government Intervention ◽  
Financial Innovation ◽  
Punctuated Equilibrium ◽  
Technological Regime ◽  
Knowledge Sourcing ◽  
Technological Regimes ◽  
Governmental Intervention ◽  
Disruptive Change ◽  
The Government ◽  
The Impact

Scholars and managers alike seek to better explain disruptive change and its effects on technological regimes. In this study, we apply two logics of change — Schumpeterian and punctuated equilibrium — and conduct a natural experiment to evaluate how a governmental intervention shock affected the sourcing of knowledge within an existing technological regime. In particular, we investigate the extent to which patterns of knowledge sourcing changed within the technological regime governing financial innovation. We find that patterns of knowledge sourcing change subsequent to the government intervention, but in more nuanced ways as predicted by Schumpeterian and punctuated equilibrium logic. Specifically, knowledge sourcing demonstrates an “accelerated” punctuated equilibrium change with knowledge convergence between incumbents and new entrants occurring under high levels of uncertainty, rather than when the regime stabilized. We discuss the implications on Schumpeter’s concept of creative destruction, as disruptive change may only undermine some aspects of an existing technological regime.

The Impact of Movement Control Order on Rural Livelihood in Malaysia

2021 ◽  
Vol 6 (2) ◽  
pp. 55
Author(s):  
Mohd Azren Hassan ◽  
Nur Atiqah Anuar Zabidi ◽  
Hidayati Ramli ◽  
Adam Aruldewan S. Muthuveeran ◽  
Yusfida Ayu Abdullah
Keyword(s):  
Rural Area ◽  
Rural Areas ◽  
Government Intervention ◽  
Movement Control ◽  
Financial Assets ◽  
Sustainable Livelihood ◽  
Substantial Impact ◽  
The Government ◽  
Control Order ◽  
The Impact

In 2020, the spread of Coronavirus (COVID-19) had a global impact on normal daily life. The Government of Malaysia officially declared the Movement Control Order (MCO), an official national lockdown, to reduce the virus’s spread. In the face of the unprecedented global health pandemic, Malaysia had struggled to protect its citizens’ welfare and livelihoods, particularly in the hardest-hit rural areas. Therefore, this study uses the sustainable livelihood approach (SLA) focusing on the aspect of financial assets and government intervention to enhance understanding on the vulnerability in rural area’s livelihood. Pasir Puteh, Kelantan was identified as the rural area for this study. The analysis was performed on a questionnaire survey based on convenience sampling of 62 respondents. Cross table analysis and a correlation test were used to examine the livelihood of the rural area concerning the financial assets, government intervention and vulnerability. The findings indicated that the MCO had a substantial impact on the rural area regarding the vulnerability toward the financial assets, such as employment status, job loss, increasing living costs, and an insufficient response to rural economic challenges. At the same time, there is no substantial government intervention in the welfare of rural areas. According to the results, the study concluded that the government should set up training courses to assist in the long-term recovery of rural areas due to the enforced lockdown, which has adversely affected rural livelihoods.

The Cyclone

2018 ◽  
pp. 51-78
Author(s):  
Benjamin Kingsbury
Keyword(s):  
Government Intervention ◽  
The Other ◽  
Substantial Contribution ◽  
Other Hand ◽  
The Government ◽  
The Impact

The first part follows news of the disaster as it reached the British district officers. Officials in Bakarganj recommended that the government make a substantial contribution to relief, but their views were discounted by higher-ranking officials outside the district who favored minimal government intervention. In Noakhali and Chittagong, on the other hand, a policy of minimal relief was adopted from the beginning. The second part describes the disaster’s immediate effects. Far from being a social leveler, the impact of the cyclone was distributed along lines of class, occupation, sex, and age.

scholarly journals When the rainy day is the worst hurricane ever: the effects of governmental policies on SMEs during COVID-19

2021 ◽  
Author(s):  
Yacine Belghitar ◽  
Andrea Moro ◽  
Nemanja Radić
Keyword(s):  
At Risk ◽  
Government Intervention ◽  
Residual Life ◽  
Government Support ◽  
The Government ◽  
The Impact ◽  
Negative Earnings

AbstractWe investigate the impact of COVID-19 on 42,401 UK SMEs and how government intervention affects their capability to survive the pandemic. The results show that, without governmental mitigation schemes, 59% of UK SMEs report negative earnings and that their residual life is reduced from 164 to 139 days. The analysis shows that government support scheme reduces the number of SMEs with negative earnings to 49% and allows extending the residual life for SMEs with negative earnings to 194 days. In addition, the support scheme reduces the number of jobs at risk in our sample by around 20%. However, our results suggest that weaker firms benefit more than strong ones. Besides, industries that are worst hit by COVID-19 are not those that benefit most from the government support scheme. We ascribe this result to the fact that the schemes do not discriminate between those firms that deserve support and those that do not deserve it.

Fundamental and Technical Trading in the Emerging Market of an Oil-Based Economy

2019 ◽  
Vol 22 (01) ◽  
pp. 1950006
Author(s):  
Sulaiman Al-Jassar
Keyword(s):  
Stock Market ◽  
Stock Prices ◽  
Stock Price ◽  
Emerging Market ◽  
Fundamental Analysis ◽  
Price Determination ◽  
Technical Trading ◽  
Governmental Intervention ◽  
The Government ◽  
The Impact

This paper investigates the roles played by technicians and fundamentalists in the emerging stock market of Kuwait. The impact on stock prices of traders whose actions are founded on technical analysis is differentiated from the impact of traders whose actions are based on fundamental analysis. This differentiation is performed by formulating, estimating and testing a model relating changes in stock prices to the actions of fundamentalists, technicians and the government. Both technicians and fundamentalists are found to contribute to stock price determination, with the former contribution appearing more significant, even when accounting for governmental intervention. Some explanations for these findings are presented.

scholarly journals A qualitative study of innovation diffusion: the novel case of a small firm and KTP

2013 ◽  
Vol 20 (4) ◽  
pp. 889-912 ◽  
Author(s):  
Jyoti Choudrie ◽  
Nigel Culkin
Keyword(s):  
Small Firm ◽  
Government Intervention ◽  
Role Of Government ◽  
Content Type ◽  
Government Interventions ◽  
Mere Presence ◽  
Archival Documentation ◽  
The Government ◽  
The Impact

Purpose – Using the case study of a small firm this research study aims to understand the actions required for diffusion of an innovation in a small firm. Design/methodology/approach – The research used a qualitative approach involving interviews, referring to archival documentation and observations to understand the actions required for diffusing an innovation in an SME. Findings – From this case study various institutional actions specific to a small firm were identified as a result of government intervention. Classic theories of adoption and use such as, TAM, TPB, TRA or DoI can quantify measures but cannot explain the impact of the actions that the applied King et al. framework did. Further, although these actions are not directly evident, using the qualitative findings and analysis it can be seen that they are important for the diffusion of an innovation. It can also be learnt that these institutional actions can be vitally important for the growth and development of a future innovation. Although the role of government intervention was small in monetary terms, the mere presence of government representation was critical to ensure that the proposed plans and measures were implemented in the appropriate manner and at the appropriate time, both for the small firm and for the government. In terms of the theoretical framework's institutional actions it can be learnt that not all action outcomes are clearly visible. Some are tangible, while others are not. This implies that to diffuse innovation, there needs to be an understanding of monetary, human and other such resources to form a better understanding. However, most importantly it can be concluded that the diffusion framework developed by King et al. provides a clear picture of the diffusion of an innovation and is most useful for understanding not only national government interventions that previous research identified. Previous institutional actions research has not clearly shown how a micro understanding of the impacts of the various actions can be obtained, of which this study provides further evidence. Originality/value – Collaborative arrangements between HEIs, SMEs and government funding agencies are increasingly encouraged. This paper examines and understands the impacts of strategies used for diffusing innovations, of which the SME and KTP contexts have fewer studies.

scholarly journals IMPACT OF GOVERNMENT POLICY AND RATIONALITY OF THE SMOKER TO THE CIGARETTE CONSUMPTION IN INDONESIA

2018 ◽  
Vol 1 (3) ◽  
pp. 167
Author(s):  
Noor Syaifuddin
Keyword(s):  
Government Policy ◽  
Government Intervention ◽  
Cigarette Consumption ◽  
Poor People ◽  
Cigarette Price ◽  
The People ◽  
Long Run ◽  
Cigarette Advertising ◽  
The Government ◽  
The Impact

Even though there is high need of the excise revenue from a cigarette, but the government of Indonesia needs to take into account the long run effect of cigarette to the people. There are poverty, health and education issues relating to the cigarette consumption. Therefore, the government intervention can help people to curb the cigarette consumption. This study attempts to find the impact of the government policy through the excise tariff policy, and the rationality of the smoker to the cigarette consumption in Indonesia. This study recommends the government intervention in order to control the cigarette consumptions in Indonesia by pushing the cigarette price and making cigarette less affordable for less rationale smoker (the young and poor people). Secondly, the government can take an action in delimiting the access of cigarette advertising and educate people about the danger of cigarette to the people.

scholarly journals Threshold Effect of the Government Intervention in the Relationship Between Business Cycle and Population Health: Evidence From China

2021 ◽  
Vol 9 ◽  
Author(s):  
Kuang-Cheng Chai ◽  
Yang Yang ◽  
Zhen-Xin Cui ◽  
Yang-Lu Ou ◽  
Ke-Chiun Chang
Keyword(s):  
Business Cycle ◽  
Population Health ◽  
Government Intervention ◽  
Threshold Value ◽  
Threshold Effect ◽  
Chinese Government ◽  
The Business Cycle ◽  
The Government ◽  
The Impact ◽  
The Relationship

China is an emerging country, and government intervention is always considered as an important part of the solutions when people facing challenges in China. Under the impact of the coronavirus disease 2019 (COVID-19) epidemic and the global economic downturn, the Chinese government quickly brought the epidemic under control and restored the positive economic growth through strong intervention. Based on the panel data of provincial level in China and the government intervention as the threshold variable, this paper empirically analyzed the non-linear effect of business cycle on population health by using the panel threshold regression model. The empirical results show that the impact of the business cycle on population health is significantly negative, and government intervention has a single threshold effect on the relationship between business cycle and population health. When the government intervention is below the threshold value, the business cycle has a significant negative effect on the improvement of the population health level; when the level of government intervention exceeds the threshold value, the relationship between business cycle and population health becomes significantly positive. To some extent, the conclusions of this paper can guide the formulation and revision of government health policy and help to adjust the direction and intensity of government intervention. The Chinese government and other governments of emerging countries should do more to harness the power of state intervention in their response to the business cycle.

scholarly journals Government Intervention, Nature of Ownership and Enterprise Investment Efficiency——An Empirical Research Based on Panel Data Analysis

2021 ◽  
Vol 292 ◽  
pp. 02005
Author(s):  
Menghao Lin
Keyword(s):  
Government Intervention ◽  
Panel Data Analysis ◽  
Economic Transformation ◽  
Investment Efficiency ◽  
Critical Stage ◽  
Rapid Economic Growth ◽  
The Government ◽  
The Impact ◽  
Enterprise Investment ◽  
Investment Behaviour

In the critical stage of economic transformation and upgrading, the government has a strong incentive to intervene in the investment behaviour of enterprises under the double assessment of political and economic indicators. This paper found that government intervention has a significant impact on enterprise investment, by providing financial support and other means to promote enterprises to expand investment, but due to the lack of effective guidance, it turns into over-investment. After further distinguishing the nature of ownership between state-owned enterprises and non-state-owned enterprises, the phenomenon that government intervention affects enterprise investment is more obvious in state-owned enterprises, which is reflected in promoting over-investment and restraining under-investment. Therefore, government intervention will affect the investment efficiency of state-owned enterprises to a greater extent and make them develop in the direction of over-investment. This paper provides an overall perspective to explore the impact of government intervention on enterprise investment behaviour under the rapid economic growth.

Prinsip Kearifan Lokal dalam Pengembangan Strategi Kehumasan pada Pemerintah Daerah Kabupaten Bandung

2020 ◽  
Vol 4 (2) ◽  
pp. 229-248
Author(s):  
Betty Tresnawaty
Keyword(s):  
Public Relations ◽  
Local Knowledge ◽  
Case Study Approach ◽  
West Java ◽  
Study Approach ◽  
Positive Image ◽  
The Government ◽  
The Impact ◽  
Public Relations Strategy

Public Relations of the Bandung Regency Government realizes that its area has a lot of potential for various local wisdom and has a heterogeneous society. This study aims to explore and analyze the values of local knowledge in developing public relations strategies in the government of Bandung Regency, West Java province. This study uses a constructivist interpretive (subjective) paradigm through a case study approach. The results showed that the Bandung Regency Government runs its government based on local wisdom. Bandung Regency Public Relations utilizes local insight and the region's potential to develop a public relations strategy to build and maintain a positive image of Bandung Regency. The impact of this research is expected to become a source of new scientific references in the development of public relations strategies in every region of Indonesia, which is very rich with various philosophies.Humas Pemerintah Kabupaten Bandung menyadari wilayahnya memiliki banyak potensi kearifan lokal yang beragam, serta memiliki masyarakatnya yang heterogen. Penelitian ini bertujuan menggali dan menganalisis nilai-nilai kearifan lokal dalam pengembangan strategi kehumasan di pemerintahan Kabupaten Bandung provinsi Jawa Barat.  Penelitian ini menggunakan paradigma interpretif (subjektif) konstruktivis melalui pendekatan studi kasus. Hasil penelitian menunjukkan bahwa Pemerintah Kabupaten (Pemkab) Bandung menjalankan pemerintahannya berlandaskan pada kearifal lokal. Humas Pemkab Bandung memanfaatkan kearifan lokal dan potensi wilayahnya untuk mengembangkan strategi humas dalam membangun dan mempertahankan citra positif Kabupaten Bandung.Dampak penelitian ini diharapkan menjadi sumber rujukan ilmiah baru dalam pengembangan strategi kehumasan di setiap daerah Indonesia yang sangat kaya dengan beragam filosofi. 

Transport infrastructure of the Rostov Oblast: Problems and prospects for development in the context of national projects implementation

2020 ◽  
Vol 19 (6) ◽  
pp. 1015-1034
Author(s):  
O.Yu. Patrakeeva
Keyword(s):  
Time Series Data ◽  
Mutual Influence ◽  
Rostov Oblast ◽  
Transport Infrastructure ◽  
Series Data ◽  
Cointegration Tests ◽  
Level Of Economic Development ◽  
Short Run ◽  
The Government ◽  
The Impact

Subject. The paper considers national projects in the field of transport infrastructure, i.e. Safe and High-quality Roads and Comprehensive Plan for Modernization and Expansion of Trunk Infrastructure, and the specifics of their implementation in the Rostov Oblast. Objectives. The aim is to conduct a statistical assessment of the impact of transport infrastructure on the region’s economic performance and define prospects for and risks of the implementation of national infrastructure projects in conditions of a shrinking economy. Methods. I use available statistics and apply methods and approaches with time-series data, namely stationarity and cointegration tests, vector autoregression models. Results. The level of economic development has an impact on transport infrastructure in the short run. However, the mutual influence has not been statistically confirmed. The paper revealed that investments in the sphere of transport reduce risk of accidents on the roads of the Rostov Oblast. Improving the quality of roads with high traffic flow by reducing investments in the maintenance of subsidiary roads enables to decrease accident rate on the whole. Conclusions. In conditions of economy shrinking caused by the complex epidemiological situation and measures aimed at minimizing the spread of coronavirus, it is crucial to create a solid foundation for further economic recovery. At the government level, it is decided to continue implementing national projects as significant tools for recovery growth.

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