scholarly journals The Impact of Geopolitical Risks on Tourism Supply in Developing Economies: The Moderating Role of Social Globalization

2021 ◽  
pp. 004728752110047
Author(s):  
Giray Gozgor ◽  
Marco Chi Keung Lau ◽  
Yan Zeng ◽  
Cheng Yan ◽  
Zhibin Lin
Keyword(s):  
Fixed Effects ◽  
Capital Investment ◽  
Developing Economies ◽  
Sustainable Tourism ◽  
Global Pandemic ◽  
The Media ◽  
Factor Data ◽  
The Impact ◽  
Moderating Role ◽  
Geopolitical Risks

Capital investment is vital for sustainable tourism growth, particularly in times of geopolitical turmoil. This study examines how tourism investment was influenced by geopolitical risks considering social globalization as a moderating factor. Data were collected from 18 developing economies between 1995 and 2018. The results from the fixed effects and the least squares dummy variable–corrected methods show that the geopolitical risks negatively affect capital investment in tourism, with social globalization playing a moderating role in alleviating the adverse effect. The results were robust to different measures and analyses. The study advances our understanding of sustainable tourism growth amid geopolitical turmoil. Policymakers, especially those from developing economies, are suggested to be vigilant about the media atmosphere of geopolitics and enhancing social globalization as a countermeasure against politically turbulent times. The study also provides implications for alleviating the impact of the global pandemic on tourism investment.

PARTICIPATIVE STRATEGIC PLANNING AND INNOVATION CAPABILITY: MODERATING ROLE OF IDEATION STRATEGY

2019 ◽  
Vol 24 (07) ◽  
pp. 2050066
Author(s):  
BAHRAM JABBARZADEH KARBASI ◽  
HOSSEIN RAHMANSERESHT
Keyword(s):  
Strategic Planning ◽  
Developing Economies ◽  
Positive Impact ◽  
Innovation Capability ◽  
Promotion Focus ◽  
Top Managers ◽  
Participative Strategic Planning ◽  
The Impact ◽  
Moderating Role

Enriching the limited knowledge and research on linkage between strategic management, human resource and innovation in developing economies, this paper focuses on the role of participative strategic planning (PSP), promotion focus and flexible role orientation (FRO) on innovation capability in Iranian SMEs. Furthermore, the moderating role of ideation strategy will be investigated. A total of 252 samples were collected from Iranian SME managers and employees in the different sectors through a quantitative method. A questionnaire was used for the data collection, and AMOS-SEM was employed for data analysis. The results indicate that PSP has a positive and significant impact on promotion focus, FRO, and innovation capability. In addition, it is shown that ideation strategy moderates the impact of promotion focus and FRO on innovation capabilities. Given the positive impact of PSP on promotion focus, FRO, and innovation capability, it is suggested that SME’s top managers use staff and managers with different levels in strategic planning processes and long-term organisation goals.

Diversification, family involvement and firm performance

2016 ◽  
Vol 35 (5) ◽  
pp. 663-680 ◽  
Author(s):  
Emanuela Delbufalo ◽  
Sara Poggesi ◽  
Simone Borra
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Fixed Effects ◽  
Product Diversification ◽  
Geographic Diversification ◽  
Content Type ◽  
The Status ◽  
The Impact ◽  
Italian Manufacturing Firms ◽  
Moderating Role

Purpose – The purpose of this paper is to investigate the effect of product and geographic diversification on the performance of Italian manufacturing firms and evaluate the moderating role of family involvement. Design/methodology/approach – The hypotheses have been tested by using a fixed-effects panel data regression model. Findings – Results show a linear relationship between product diversification and firm performance and an inverted U-shaped relationship between geographic diversification and firm performance. Moreover, when considering the status of the family firm, family ties have a negative moderating role on the performance of companies that are product and internationally diversified. Originality/value – By providing theoretical explanations and empirical evidence, the study extends the diversification-performance research by testing this relationship in an unexplored context (i.e. Italy), and by identifying a still not well explored contingency factor (i.e. family involvement). In doing so, diversification and family involvement literatures are brought together and the results show the importance of the type of owner regarding the impact of product and international diversification on firm performance.

scholarly journals The governance-performance relationship: evidence from Ghana

2016 ◽  
Vol 17 (3) ◽  
pp. 285-310 ◽  
Author(s):  
Andrews Owusu ◽  
Charlie Weir
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Fixed Effects ◽  
Developing Economies ◽  
Policy Makers ◽  
Content Type ◽  
Governance Index ◽  
Code Of Corporate Governance ◽  
The Impact ◽  
Post Code

Purpose The purpose of this paper is to investigate the impact corporate governance, measured by a governance index, on the performance of listed firms in a developing economy, Ghana. It also evaluates the effect of the introduction of a code of corporate governance on compliance rates across Ghanaian firms as well as assessing the impact of the code’s introduction on firm performance for the study period 2000-2009. Design/methodology/approach The paper develops a Ghanaian corporate governance index (GCGI) containing 33 provisions to measure corporate governance quality during the pre-code and the post-code sub-periods. The authors use a panel data analytical framework and fixed effects regressions to analyse the governance-performance relationships. Findings After controlling for endogeneity, the authors find a statistically significant and positive relationship between the GCGI and firm performance. The analysis shows evidence of a statistically significant increase in the degree of compliance with the Ghanaian Code from the pre-2003 sub-period to the post-2003 sub-period. The authors also find that the introduction of the code has led to improved firm performance. However, not all elements of corporate governance appear to have a significant effect on firm performance. Research limitations/implications One limitation of this study is the development of a corporate governance index. The binary coding used to construct the GCGI may not reflect the relative importance of the different corporate governance provisions. This means that all elements included in the index are given equal weighting. Future research may assign weights to each of the corporate governance provisions but this may have the disadvantage of making subjective judgements relative to the importance of each corporate governance provision recommended by the Ghanaian Code. Practical implications These results have important implications for both policy makers and companies. For policy makers, it is encouraging for the development of a code of corporate governance to regulate firms rather than enforcing rigid laws that may not be value relevant. For companies, the improvement in compliance with a code of corporate governance can provide a means of achieving improved performance. Originality/value This paper adds to the limited evidence on the governance-performance relationship in developing economies and in particular it analyses the role of a governance index. It is also the first paper to compare the pre- and the post-code governance index-performance relationship in an African or developing country.

What precipitates growth in CO2 emissions?

2019 ◽  
Vol 13 (2) ◽  
pp. 277-297 ◽  
Author(s):  
Abimelech Paye Gbatu ◽  
Zhen Wang ◽  
Presley K. Wesseh ◽  
Vamuyan A. Sesay
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fixed Effects ◽  
Developing Economies ◽  
Natural Habitat ◽  
Pollutant Emissions ◽  
Real Output ◽  
Fixed Effects Model ◽  
Content Type ◽  
The Impact

Purpose The degradation of the natural habitat at the expense of economic development is a harmful growth that warrants environmental policy actions. For instance, the economic impacts of environmental pollution are quite visible in developed and developing economies, where human health is compromised by rapid economic growth and energy induced pollution. Therefore, the purpose of this study is to investigate the impact of CO2 emissions on economic development. Design/methodology/approach This paper investigates the correlation between pollutant emissions and key economic variables within the economic community of West African states (ECOWAS) region by applying fixed effects model to unbalanced time-series panel data for the period 1980-2014. This paper examines the full ECOWAS panel and sub-panels with export-and-import-dependent countries. Findings The authors argue that energy consumption (EC) and real output exert causal influences on CO2 emissions for the full ECOWAS panel and the sub-panels with export-and-import-dependent countries. Practical implications The results imply that increase in EC is the main factor that promotes economic growth in the region. Additionally, growth in EC and real output stimulates CO2 emissions growth. Originality/value Therefore, it is argued that technological innovations that increase energy efficiency through new carbon-free technologies that minimize CO2 emissions growth without impairing economic growth and development must be introduced in the region.

Tax policy and farm capital investment: Section 179 expensing and bonus depreciation

2016 ◽  
Vol 76 (2) ◽  
pp. 246-269 ◽  
Author(s):  
James M Williamson ◽  
Sarah Stutzman
Keyword(s):  
Fixed Effects ◽  
Capital Investment ◽  
Agricultural Sector ◽  
Physical Capital ◽  
Cost Recovery ◽  
Farm Income ◽  
Content Type ◽  
Bonus Depreciation ◽  
On Farm ◽  
The Impact

Purpose – The purpose of this paper is to estimate the impact of Internal Revenue Code cost recovery provisions – Section 179 and “bonus depreciation” – on farm capital investment. Design/methodology/approach – The authors construct a synthetic panel of data consisting of cohorts of similar farms based on state and production specialization using the USDA’s Agricultural Resource Management Survey for years 1996-2012. Employing panel data methods, the authors are able to control for time-invariant fixed effects, as well as the effects of past investment on current investment. Findings – The authors estimate statistically significant investment demand elasticities with respect to the Section 179 expensing deduction of between 0.28 and 0.50. A change in bonus depreciation, on average, had little impact on capital investment. Practical implications – The estimates suggest there is a modest effect of the cost recovery provisions on investment overall, but a stronger effect on farms that have more than $10,000 in gross cash farm income. There are other implications for the agricultural sector: the provisions may encourage technology adoption with its associated benefits, such as reduced cost of production and improved conservation practices. On the other hand, the policy could contribute to the growing concentration in production as large commercial farms expand their operated acreage to take advantage of increasingly efficient physical capital. Originality/value – To the authors’ knowledge, this is the first research to use a nationally representative dataset to estimate to impact of Section 179 and “bonus depreciation” on farm investment. The findings provide evidence of the provisions’ impact on farm capital purchases.

scholarly journals Digitalization of education in the function of economic development

2021 ◽  
Vol 1 (1) ◽  
pp. 29-40
Author(s):  
Jelena Stojanović ◽  
Zoran Nešić ◽  
Ivana Bulut-Bogdanović
Keyword(s):  
Digital Literacy ◽  
Teaching And Learning ◽  
Developing Economies ◽  
Global Pandemic ◽  
Fundamental Goal ◽  
Current Economic Crisis ◽  
Efficiency And Effectiveness ◽  
Business Efficiency ◽  
The Impact ◽  
Modern Technologies

This paper conducts theoretical and empirical research with the aim of analyzing the opportunities provided by digitalized education systems and the use of modern technologies in education in the current economic crisis and global pandemic and how it affects the process of teaching and developing future needs of the workforce towards developing economies. The fundamental goal of this paper is a meticulous study of the impact of digital literacy on the digitalization of education and the use of new approaches in teaching and learning to develop knowledge, abilities and skills by which the economy should improve business efficiency and effectiveness.

scholarly journals Health Disparities in COVID-19: Implications for Research, Policy, and Practice

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 197-197
Author(s):  
Chivon Mingo ◽  
Ronica Rooks
Keyword(s):  
Older Adults ◽  
Health Disparities ◽  
Low Income ◽  
Research Policy ◽  
Future Research ◽  
Policy And Practice ◽  
Global Pandemic ◽  
Rapid Transmission ◽  
The Media ◽  
The Impact

Abstract The rapid transmission of COVID-19 has resulted in more than 100 million confirmed cases in over 200 countries and continues to have wide-community spread. Consistently, it has been reported that older adults are at a greater risk for requiring hospitalization or dying from the virus compared to younger adults and children. In fact, compared to those age 18-29, age 65-74 are five times more likely to be hospitalized and 90 times more likely to experience death. The risk increases exponentially with age. Individuals 85 and older are 13 times more likely to require hospitalization and 630 times more likely to die from the disease. The physical health-age correlation has permeated the media and many discussions concerning the pandemic. However, fewer discussions have centered on the interaction of age and social variables that further exacerbate COVID-19 related burden or mortality such as race/ethnicity, socioeconomic status, and limited access to healthcare. Therefore, this symposium will bring direct attention to COVID-19 related health disparities that compromise public health, discuss implications on future research, policy, and practice, and discuss opportunities to reduce the burden and mitigate health inequities. The symposium presenters will specifically address the impact of social support during COVID-19, disparities in the effects of social distancing on health status, the economic impact on health, cognitive decline among low-income older adults navigating a global pandemic, and factors associated with higher rates of hospitalizations among racial/ethnic diverse older adults.

scholarly journals Distance learning in engineering education: Challenges and opportunities during COVID-19 pandemic crisis in Pakistan

2021 ◽  
pp. 002072092098849
Author(s):  
Zeashan H Khan ◽  
Muhammad I Abid
Keyword(s):  
Engineering Education ◽  
Teaching And Learning ◽  
Developing Economies ◽  
Online Delivery ◽  
Web Technologies ◽  
Global Pandemic ◽  
Challenges And Opportunities ◽  
Assessment Techniques ◽  
The Impact ◽  
Remote Classrooms

This paper analyzes the impact of remote classrooms and labs as an outcome of “social distancing” during COVID-19 outbreak. It is important to analyze the emergence of web technologies and tools available for online learning and its impact on engineering education. The intended focus is to find a way out to address the issues regarding continued teaching and learning during long academic breaks due to this unpredicted pandemic. Some challenges in developing economies include the unavailability of internet services all over the country and limited resources accessible to large community to earn and learn during such epidemics. This study outlines various policy guidelines for online delivery of engineering courses and assessment techniques as experienced during this global pandemic. These guidelines will provide a roadmap for quality teaching and evaluation of online engineering courses.

scholarly journals The Role of Coordination, Decision Making and Special Data Infrastructure on the Disaster Management in Pakistan: Moderating Role of Information System

2021 ◽  
Vol 4 (1) ◽  
pp. 79-91
Author(s):  
Arshia Hashmi ◽  
Muhammad Azeem Ahmad ◽  
Muhammad Atif Nawaz
Keyword(s):  
Decision Making ◽  
Information Systems ◽  
Disaster Management ◽  
Developing Economies ◽  
Positive Association ◽  
Data Infrastructure ◽  
The Impact ◽  
Moderating Role ◽  
Role Of Information

Disaster management in developing economies has become a significant issue due to the uncertain situation in the country and has attained the focus of upcoming studies and policymakers. Thus, the present research investigates the impact of coordination, decision making, and special data infrastructure on disaster management in Pakistan. This research also examines the moderating role of information systems among the nexus of coordination, decision making, special data infrastructure, and disaster management in Pakistan. This research has followed the quantitative data collection methods and used questionnaires for this purpose. This study also executed the smart-PLS to investigates the relationships between understudy variables. The results indicated that coordination, decision making, and special data infrastructure have a positive association with disaster management in Pakistan. The findings also indicated that information systems moderates among the links of decision making, special data infrastructure, and disaster management in Pakistan. This study is beneficial for the regulators while formulating the regulations on disaster management in the country.

scholarly journals The effect of a new wave of COVID-19 on the stock market performance: Evidence from the twenty JSE listed companies in South Africa

2021 ◽  
Vol 18 (4) ◽  
pp. 67-79
Author(s):  
Gbenga Wilfred Akinola ◽  
Keji Sunday Anderu ◽  
Josue Mbonigaba
Keyword(s):  
South Africa ◽  
Stock Market ◽  
Fixed Effects ◽  
Listed Companies ◽  
Alternative Measure ◽  
New Wave ◽  
Global Pandemic ◽  
Stock Market Performance ◽  
Key Variables ◽  
The Impact

The lockdown shocks resulting from the global pandemic of COVID-19 in March 2020 brought untold economic imbalance to the financial sector in South Africa. The government’s proactive alternative measure of control to the new wave of COVID-19 must be investigated to offer policy suggestions for future economic and financial planning. Consequently, this study investigated the impact of the new wave of COVID-19 on the financial market with a special interest in the twenty JSE listed companies in South Africa. To enhance the quality in the frequency of study, daily panel data from November 2020 to January 2021 were sourced from S&P Capital IQ and Google online. The impact of COVID-19 was investigated alongside other variables that can influence the return of the stock markets on twenty JSE listed companies. The variables under investigation are daily exchange rate (dollar terms), dividend-adjusted share pricing, daily COVID-19 infection rate. Both robust descriptive and fixed effects time-variant analyses were adopted as the estimating techniques. The study provided empirical evidence that there is a direct but slow link between the daily incidence of infectious COVID-19 and returns on the stock market as key variables. This positive relationship indicates that both COVID-19 and financial activities could co-habit together to enhance greater return on the stock in South Africa. Hence, lockdown may not be most appropriate to the national economy of South Africa.

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