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1 – 2 of 2The article focuses on cross-sectoral analysis concerning services, especially ICT services, flowing from China to European manufacturing. The aim of the study is to analyse…
Abstract
Purpose
The article focuses on cross-sectoral analysis concerning services, especially ICT services, flowing from China to European manufacturing. The aim of the study is to analyse Sino-European relations in terms of ICT servicification. The article attempts to answer the following questions: does China’s relationship with Europe in terms of the servicification of manufacturing align with global servicification trends? Have global economic shocks, such as decoupling policies, diminished the flows of Chinese ICT services in European advanced manufacturing sectors?
Design/methodology/approach
This study employed input–output models to analyse the increasing role of China as a supplier of ICT services to European manufacturing. It also identified the industries that are most dependent on Chinese ICT services.
Findings
The analysis highlights the increasing reliance of European manufacturing on Chinese ICT services, with a notable rise across both Western Europe and CEE. This dependency is particularly strong in advanced sectors such as automotive and electronics, and there is no evidence of decoupling from China, even amidst global shocks or geopolitical tensions like the Trump presidency. Additionally, the BRI had limited direct impact, as the servicification trends appear driven more by broader globalization processes.
Originality/value
The study investigates all European countries and their manufacturing sectors’ reliance on Chinese services. It concentrates on services related to high technology, specifically ICT. Moreover, the previous research has focused on servicification of manufacturing, in general, neglecting industry-specific analysis. It contributes to the literature by providing insights into the relationships between developing and developed economies in terms of GVCs in the context of digital servicification and decoupling conditions.
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Kevin Campbell and Magdalena Jerzemowska
The purpose of this paper is to provide an understanding of the importance of socioemotional wealth (SEW) to family firms in Poland viewed through the lens of the events…
Abstract
Purpose
The purpose of this paper is to provide an understanding of the importance of socioemotional wealth (SEW) to family firms in Poland viewed through the lens of the events surrounding the first hostile takeover bid of the post-communist era on the Warsaw Stock Exchange when the clothing company Vistula & Wólczanka (V&W) made an unsolicited, leveraged bid for the family-controlled jewelry company W. Kruk.
Design/methodology/approach
The 2008 takeover and its aftermath are described in the context of the corporate governance and legal environment in Poland. The case study events demonstrate the connection between firm behavior and SEW theory.
Findings
After the acquisition of W. Kruk by V&W, the Kruk family purchased stock in the newly named Vistula Group and gained influence over the supervisory board in concert with a business ally, eventually wresting back control of the company in the style of a Pac-Man “defense.” The case study illustrates the importance of SEW in family firm takeovers.
Research limitations/implications
The case study design has limitations for generalizability. Nevertheless the research highlights the important role of SEW preservation in understanding the market for corporate control of listed family firms in Poland.
Practical implications
Understanding the reaction by family firms to takeover bids requires recognition that there is a tradeoff between financial and SEW considerations, not just financial gains and losses.
Originality/value
The case study demonstrates the importance of SEW to family firms and suggests that the balance of power in takeovers on the Polish stock market rests with incumbent management.
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