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1 – 10 of 486Karolina Lendák-Kabók, Stéphanie Mignot-Gerard and Marc Vanholsbeeck
The paper’s aim is to explore female academics’ publication aspirations and constraints in a less researched area of Central and Eastern Europe (CEE).
Abstract
Purpose
The paper’s aim is to explore female academics’ publication aspirations and constraints in a less researched area of Central and Eastern Europe (CEE).
Design/methodology/approach
The research data presented in this paper is part of a larger cross-European project involving semi-structured interviews conducted with Early Career Researchers (ECR) (PhD+ 8 years) from Social Sciences and Humanities (SSH) from seventeen European countries.
Findings
The findings show how ECR women from the CEE region in SSH encounter difficulties when trying to publish, which obstacles add to a strong economic and geopolitical dependence. Findings reveal that female ECRs use various publications strategies to enhance their scientific career and engage in the neoliberal model of academia, but mostly stay in their local scientific communities, without building internationally recognized scientific careers. Thus, they do wish for a global recognition, but they opt for a safer and more accessible choice of publishing in their local scientific communities.
Originality/value
Knowledge which academic women from the CEE region produce (mostly in their local languages) stays in their local and isolated enviroments, creating an imbalanced knowledge advancement in a international academic arena which recognizes only publications written in English and in renowed journals.
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With the current gas transit deal between Russia and Ukraine expiring at the end of the year, the event highlights the fragility of the region’s gas supply.
Details
DOI: 10.1108/OXAN-DB289339
ISSN: 2633-304X
Keywords
Geographic
Topical
The positive illiquidity–return relationship (so-called liquidity premium) is a well-established pattern in international developed stock markets. The magnitude of liquidity…
Abstract
Purpose
The positive illiquidity–return relationship (so-called liquidity premium) is a well-established pattern in international developed stock markets. The magnitude of liquidity premium should increase with market illiquidity. Existing studies, however, do not confirm this conjecture with regard to frontier markets. This may result from applying different approaches to the investors' holding period. The paper aims to identify the role of the holding period in shaping the illiquidity–return relationship in emerging and frontier stock markets, which are arguably considered illiquid.
Design/methodology/approach
The authors utilise the data on stocks listed on fourteen exchanges in Central and Eastern Europe. The authors regress stock returns on liquidity measures variously transformed to reflect the clientele effect in a liquidity–return relationship.
Findings
The authors show that the investors' holding period moderates the illiquidity–return relationship in CEE markets and also show that the liquidity premium in these markets is statistically and economically relevant.
Practical implications
The findings may be of great interest to investors, companies and regulators. Investors and companies should take liquidity into account when making decisions; regulators should employ liquidity-enhancing actions to decrease companies' cost of capital and expand firms' investment opportunities, which will improve growth perspectives for the entire economy.
Originality/value
These findings enrich the understanding of the role that the investors' holding period plays in the illiquidity–return relationship in CEE markets. To the best knowledge, this is the first study which investigates the effect of holding period on liquidity premium in emerging and frontier markets.
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Even in Poland, a bright spot for the region, manufacturing activity remains in contraction territory, while private consumption and investment continue to expand modestly…
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DOI: 10.1108/OXAN-DB289654
ISSN: 2633-304X
Keywords
Geographic
Topical
Elton Beqiraj, Giovanni Di Bartolomeo, Marco Di Pietro and Carolina Serpieri
In the fashion of Martin (2012), we develop an innovative application to a standard, well-grounded methodology to investigate resilience in two critical dimensions: recovery and…
Abstract
Purpose
In the fashion of Martin (2012), we develop an innovative application to a standard, well-grounded methodology to investigate resilience in two critical dimensions: recovery and resistance. Our novel approach allows us to investigate the resilience performance to the 2008 financial crisis within countries of this macro-region according to their shock isolation and absorptive capacities.
Design/methodology/approach
By individually estimating six open economy DSGE models within the Central Europe and Baltic macro-region, we identify the business-cycle-volatility drivers for each country. Then, we use the outcome of our six estimates to conduct a principal component analysis to determine structural common characteristics required to explain economic resilience in the CEB macro-region.
Findings
In terms of resilience, Central European economies exhibit quite similar paths in terms of recovery, meaning they have similar economic structures. By contrast, Baltic countries behave differently, being outliers in opposite extreme positions. The contrary occurs for resistance: Baltic countries share a similar ranking, whereas Central European economies exhibit substantial differences.
Research limitations/implications
It is important to acknowledge that a limitation of the analysis is that we explicitly consider each country as a stand-alone open economy which are subject to stochastic disturbances. Precisely, we do not model trade or other interactions across countries within the CEB region and with the rest of the world. Consequently, spillover effects in the aftermath of the shock are not accounted for.
Originality/value
We estimate the relative vulnerability or sensitivity of economies within the macro-region to disturbances and disruptions (resistance) and the speed and extent of recovery from such a disruption or recession (recovery). First, we built two different kinds of measures of resilience by aggregating the estimated parameters through non-centered and centered principal component analysis. Then, we use our model to investigate the relation between financial shock and the economic resilience across the region. The approach can be applied to several case studies, parsimoniously.
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EASTERN EUROPE: Floods will take a toll on region
Details
DOI: 10.1108/OXAN-ES289703
ISSN: 2633-304X
Keywords
Geographic
Topical
Yasmein Okour, Kawthar Alrayyan and Roa’a Zidan
This paper analyzes and illustrates the spatial distribution of publications in international urban planning journals from 2010 to 2020.
Abstract
Purpose
This paper analyzes and illustrates the spatial distribution of publications in international urban planning journals from 2010 to 2020.
Design/methodology/approach
The study employs the Biblioshiny bibliometrix package in R to analyze 44,123 articles from 95 international planning journals. To conduct the spatial scientometric analysis, we adopted the United Nations’ geoscheme focusing on three geographical scales: country, subregion, and region. Collaboration patterns at the country and subregional levels were examined using the VOSviewer tool.
Findings
The study found evidence of a spatial polarization of urban planning scholarly knowledge production. Scholars based in the United States and the United Kingdom consistently published at higher rates than any other country in our data set. The region producing the largest number of publications was Europe, consisting of 39.92% of the total publication count. However, urban planning scholars from the Global South authored only 20.96% of planning publications from 2010–2020. Centralization of planning research is also evident within each region and subregion. As such, both the Global North and the Global South should not be framed as homogenous entities and spatial patterns of knowledge production should not be generalized. The analysis also established the emerging role of Northern America as a major collaborator in inter-country and inter-subregional research collaborations. Co-authorship patterns indicate low intra-regional collaboration in planning research, except for Europe.
Originality/value
This article argues that a culture of exclusivity may be occurring in urban planning publication production. By highlighting the spatial disparities in knowledge production, we emphasize the need to examine the structural and institutional barriers that exclude urban planning knowledge emerging from the peripheries in international planning journals.
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Patrícia Becsky-Nagy and Balázs Fazekas
Venture capital (VC) is an essential element in healthy entrepreneurial environments; therefore, many countries in developing entrepreneurial economies support the industry via…
Abstract
Purpose
Venture capital (VC) is an essential element in healthy entrepreneurial environments; therefore, many countries in developing entrepreneurial economies support the industry via direct or indirect government interventions. The purpose of this study is to examine through the example of the Hungarian market, whether direct or hybrid state involvement has contributed more to the growth of the invested enterprises. The findings are relevant in the design of government VC schemes and in the contracts mitigating the moral hazards inherent in government funding.
Design/methodology/approach
The basis of empirical research is a unique hand-collected database covering Hungarian government-backed VC (GVC) investments. Based on the financial data of investee firms, the authors investigate whether firms financed by hybrid VC involving market participants are able to outperform firms that receive pure public financing using panel regression.
Findings
Based on Hungarian evidence, hybrid VC-backed firms generated lower growth and employment than their purely government-backed peers. Both schemes showed meagre innovation activity. The conclusion is that because of the conflict of private and economic policy objectives in hybrid financing, the exposure of hybrid risk capital to moral hazard is higher than that of pure public financing. Private interests in hybrid funds can only improve investment efficiency if they are structured along the lines of market-based independent financial intermediation and the contracts imitate the ones existing amongst limited and general partners in private schemes.
Research limitations/implications
The research covers the data of Hungarian government-backed firms by tracking the full range of 86 investments made in the purely government scheme and 340 firms that received funding in the hybrid scheme. The research focuses on two government initiatives, and the results are influenced by the specific regulation of the programs; therefore, the results cannot be generalized for all government agendas; they are indicative in the designs of the agendas.
Originality/value
There is a limited number of empirical studies investigating the impact of VC in developing markets, especially in the Central and Eastern Europe region. This firm-level research on the impact of public VC can help improve the effectiveness of development policies. By analysing the entirety of investments of a VC program that is near to its completion, the authors provide new insight into the efficiency and prospects of GVC schemes in the region.
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Judit Csákné Filep, Olga Anna Martyniuk and Marta Wojtyra-Perlejewska
The institutional context in which family firms operate influences their behaviour and performance, yet literature reviews seldom analyse family firms on a regional basis. To fill…
Abstract
Purpose
The institutional context in which family firms operate influences their behaviour and performance, yet literature reviews seldom analyse family firms on a regional basis. To fill this gap, this review aims to present research on family entrepreneurship in the transition economies of the Visegrád countries (V4). In this particular group of European economies, the current formal institutions have largely evolved along Western European lines. However, the transformation of informal institutions appears to be still in its infancy.
Design/methodology/approach
In order to identify the most representative authors, the methodologies used, the main research topics and to establish a future research agenda, the authors selected, through a systematic process, 112 papers from the Web of Science up to the year 2022. The authors performed a bibliographic analysis using clustering algorithms, complemented by a traditional literature review.
Findings
The performance of family firms in transition economies has been the subject of very little research. The results allowed the authors to identify four main areas of research: governance, innovation, sustainability, competitive advantage and considering the influence of the region's characteristics on family business behaviour.
Originality/value
Studies from transition economies can contribute to a broader understanding of family firms in terms of the impact of the institutional environment (especially the influence of sociological changes and specific historical experiences of family members) on their long-term planning, socioemotional wealth (SEW) protection and ethics. In light of recent events, research from the region may also contribute to the understanding of how and to what extent “familiness” influences crisis management or socially responsible behaviour in family firms.
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