Globalization and the Fallout of the COVID-19 Pandemic

World, Journal Year: 2025, Volume and Issue: 6(1), P. 4 - 4

Published: Jan. 1, 2025

The COVID-19 pandemic has significantly impacted globalization by disrupting the course of international economic integration, reducing interpersonal interaction and communication, lessening significance global governance political interactions. This unprecedented event altered supply chains, MNEs’ operations FDI, trade patterns, it favored protectionist border policies. Meanwhile, travel restrictions social-distancing measures reduced human mobility hindered intercultural exchanges. study explores short-term long-term effects on while also reflecting its implications for social globalization. analysis underlines that encouraged many governments to assess their strategies vis-à-vis seeking a certain equilibrium between engagement, regional retreat, national seclusion. Despite adverse implications, some positive outcomes have emerged via COVID-19-induced digital transformation reconfiguration chains improve resilience against future exogenous shocks. exposed shortcomings current system emphasized necessity post-COVID-19 “re-designed” mitigate anti-globalization sentiments expand benefits across countries/geo-economic regions different segments society.

Language: Английский

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Competition and firm recovery post-COVID-19

Small Business Economics, Journal Year: 2023, Volume and Issue: 61(4), P. 1555 - 1586

Published: May 3, 2023

Language: Английский

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Firm performance and markets: survival analysis of medium and large manufacturing enterprises in Indonesia

Journal of Industrial and Business Economics, Journal Year: 2024, Volume and Issue: 52(1), P. 107 - 151

Published: March 25, 2024

Abstract This study identifies the effect of firm performance, especially efficiency, on survival. applies efficiency calculations using a translog model based both time-invariant and time-varying production functions Ackerberg–Caves–Frazer (ACF) to overcome endogeneity problem in estimation function. The data used are firm-level data, which medium large manufacturing company censuses with an observation period from 1995 2015. two techniques: Cox proportional hazard Poisson regression. I estimate regression whereas is estimated aggregate for 2-digit ISIC. Estimates at ISIC level intended not only see companies that survive but also enter exit. Firm-level evidence shows company’s reduces ratio or increases its survival time. Moreover, consistent results, aggregate-level chances entry into Indonesia rate exit Indonesian market. company's technical makes important contribution Indonesia.

Language: Английский

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Who died, who survived? COVID-19 epidemic, industrial dynamics and urban economic resilience

Sustainable Cities and Society, Journal Year: 2024, Volume and Issue: 107, P. 105469 - 105469

Published: April 23, 2024

Language: Английский

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Impact of financial support expansion on restaurant entries and exits during the COVID-19 pandemic

Small Business Economics, Journal Year: 2024, Volume and Issue: unknown

Published: April 23, 2024

Abstract This study examines the impact of an expansion financial support to compensate for business hour restrictions during early COVID-19 pandemic on entry dine-in restaurants in market. During this period, local governments provided all alleviate urgent need relief. was given regardless their past performance, and it coincidentally opportunity new entrants that met certain criteria receive support. Based Japanese administrative data a difference-in-differences estimation, our shows led increase number restaurants. We also observed is more significant areas with lower opening operating costs, but does not vary based index potential sales. These results confirm indiscriminate reduction barriers could lead less profitable marginal firms. Moreover, decrease restaurant exits, especially low-productive ones.

Language: Английский

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Cyberattack, cyber risk mitigation capabilities, and firm productivity in Kenya

Small Business Economics, Journal Year: 2024, Volume and Issue: unknown

Published: July 5, 2024

Abstract Most scholarly work has focused on the positive effects of digitalisation in Sub-Saharan Africa without accounting for associated risks and mitigation measures at firm level. Using 2016 Enterprise ICT Survey Kenya which provides a rich source information use among firms, we examine effect cybersecurity breach labour productivity show how this is moderated by cyber risk capabilities We find that reduces also upskilling mitigates negative especially Small Medium-sized Enterprises. The results further suggest while Information Technology Policy Security can enable firms to improve productivity, these are not sufficient offset adverse productivity. Together imply an effective measure against breaches level therefore should be integral part overarching IT governance strategy firms.

Language: Английский

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The Fox Versus the Hedgehog: Firm Survival During Unprecedented Crises

Published: Jan. 1, 2025

This study joins and extends prior research in exploring various factors that constitute a business' resilience to unprecedented crises such as the most recent COVID-19 pandemic. Drawing on sample of 10,828 private firms across 31 developing countries, we find embodying an open mindset diverse array sales channels, akin foxes, are more likely survive during pandemic, compared their hedgehog counterparts which focus one particular task. Moreover, impact fox-like traits firm survival is moderated by female leadership, corporate innovation, bribery. As navigate future marked uncertainty, our finding with diversified channels have better chance especially relevant. Today's ever-evolving business landscape calls for characterized openness, diversity, willingness embrace unknown, mirroring agility versatility exemplified foxes.

Language: Английский

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The impact of strategic agility on the strategic orientation during the Covid-19 crisis in Jordanian medical and pharmaceutical industries companies

Journal of Islamic accounting and business research, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 14, 2025

Purpose This study aims to explore the impact of strategic agility on orientation and its dimensions (retrenchment, perseverance, innovation exit strategies) in Jordanian medical pharmaceutical industries companies during COVID-19 crisis. Design/methodology/approach The researchers relied a descriptive-analytic methodology. population consisted 23 Amman, Jordan. sampling units were top managers these companies, represented by chief executive officers main department managers. sample size was 193. Questionnaires distributed collect data, while valid for analysis 165 questionnaires. Findings results showed that has positive effect orientation, as well on, strategies, but it an opposite retrenchment strategy. However, no statistically significant Originality/value pioneering is uniquely valuable through filling gap literature examining dynamic relationship between offering practical insights decision-makers enhance resilience contributes overcoming future crises.

Language: Английский

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Local fiscal pressure and new firm entry

International Review of Financial Analysis, Journal Year: 2025, Volume and Issue: unknown, P. 103937 - 103937

Published: Jan. 1, 2025

Language: Английский

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The Gendered Impact of Social Norms on Financial Access and Capital Misallocation

Published: Jan. 1, 2025

Language: Английский

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