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The purpose of this paper is to examine the effects of political orientation on corporate social (ir)responsibility. In specific, it investigates CEO political liberalism, and its moderation with government political liberalism on corporate social responsibility (CSR) and corporate social irresponsibility (CSIR).

Panel regression analysis was conducted using 3,136 firm-year observations of 751 CEOs in the USA.

Results show that the effects of CEO liberalism are positive on CSR and negative on CSIR. During the reign of a democrat president, however, CEO political liberalism shows different impacts on CSR and CSIR. Interactions between the same political orientations are negatively associated with CSR, but not significantly associated with CSIR.

The primary contribution of this paper is in presenting the interactive effects of external environment and CEO attributions on CSIR.

Motivated by the scant available evidence, this paper explores the relationship between government political party orientation and infant mortality.

A panel quantile methodology is applied to a data set that consists of 15 countries of the G20 group over the period 2000–2018. The authors control for heterogeneous parameters across countries and quantiles and obtain estimates across the different points of the conditional distribution of the dependent variable.

The findings support the hypothesis that political party orientation has a significant effect on a population health indicator such as infant mortality. The analysis suggests that, to a great extent, left-wing government parties contribute to better health outcomes – when compared to right and centre political parties – both individually as well as interacted with government health expenditure. Moreover, the impact of redistributing policies appears to be of a paramount importance in alleviating infant mortality, while more education and lower unemployment can also contribute to better health outcomes.

The authors explore the relationship between the nature of government political party orientation (i.e. right, centre and left) and infant mortality whilst at the same time gauging the mediating effect of party orientation via government health expenditure on infant mortality. Additional aspects of the impact of other control variables, such as income inequality, unemployment and education on infant mortality are also investigated.

The purpose of this paper is to examine the influence of the political partisanship of government in charges of returns on the European stock markets. The authors found a large body of research investigating this issue for the case of US stock market but less evidence for the European stock markets.

The authors employ a panel data model with fixed-effects and an additional dynamic panel model using the bias-corrected LSDV estimator on a data set consisting of monthly and quarterly data. The data range from 2000 to 2010 and cover 20 European Union (EU) countries. The authors test several hypotheses, and run distinct regressions using political, financial, and economic variables. The authors also divide the data set into two sub-samples in order to reveal the distinctions between advanced and emerging economies in the EU.

The authors find that stock markets perform better under right-wing administrations. The result is consistent for the advanced EU economies, but the authors found no robust evidence in that sense for emerging countries. Additionally, the authors show that European stock market preferences for right/left-wing administrations is not necessarily related to the beliefs about the size of unemployment, inflation, deficit, and/or debt, which opens the field for further research in this area.

The study contributes to existing knowledge. It examines if Wall Street folklore, asserting for many decades that stock markets perform better under right-wing governments, also holds for European stock markets given the distinctions in the political and financial systems between USA and Europe. Moreover, the authors underline the introduction in the analysis of the Central and Eastern European countries.

This chapter explores the case of post-socialist education transformations in Nicaragua. While less commonly known to have been a full participant in the Cold War, Nicaragua's conflict with the United States during the 1980s was underlain by a socialist/capitalist struggle. Education reforms in Nicaragua thus present an important example of a complex interplay between socialism and post-socialism in the context of Latin America. The case of Nicaragua is also significant because of its recent reelection of the same government that was in power during the socialist period, thus reflecting a reemerging mix of capitalist and socialist elements in education. The analysis focuses on important political periods in the last 30 years and responds to the following questions: What are the post-socialist education transformations that have occurred in Nicaragua? And, how have the directions of the reforms been shaped by international, national, and local political and economic factors? Drawing on qualitative policy analysis and interviews with various groups of education stakeholders, the findings highlight three specific dynamics of reforms. These dynamics highlight the complex nature of the reform processes, including the Nicaraguan government's relationship with and the role of international donor organizations, differing notions of “local participation” that signify the shifting role of civil society, and continuities and discontinuities in policy processes.

The purpose of this paper is to describe and evaluate red tourism in China and, in doing so, shed light on the complex relationships between tourism, heritage and identity politics.

Mixed methods – literature review, document analysis, interviews with government officials, travel agents and tourists.

Red tourism is an initiative to preserve, promote and pass down China’s communist past that is underpinned by political purposes. It has resulted in an imbalance between the government’s designation of communist heritage sites all over the country and the concentration of visitors in a small number of popular destinations. Red tourism fosters allegiance to the Communist Party of China. At the same time, it is expected to bring economic opportunities to remote locations through tourism spending and the branding opportunities that it provides. However, a different emphasis can be discerned at the national and local levels, whereby the former emphasizes political cohesion and the latter stresses local economic development.

Four sites are investigated in detail out of the hundreds that might have been explored.

Recommendations are made to: diversify the product, increase stakeholder involvement, enhance heritage conservation plans, improve interpretation.

Many implications for relationships between governments at all levels and the Chinese population. Also implications for the economic well-being of places and people adjacent to red tourism sites.

One of very few papers in either English or Chinese that addresses the red tourism policy in detail and with substantial empirical materials.

Public–Private Partnerships (PPPs) are used worldwide to reduce the infrastructure gap. Public entities encourage private sector involvement through PPPs, but the degree of such commitment is affected by several factors, related to the specific PPP project and to the institutional and economic environment in the host country. The purpose of this chapter is to perform an empirical analysis of the determinants of the degree of private sector participation in PPPs in developing and emerging countries. This chapter explores fractional response models to explain the degree of private participation in PPPs using data from 2000 to 2014, obtained from the World Bank’s PPI database. The results suggest that the type of project is a key determinant of the degree of private sector involvement. Favourable fiscal conditions and the existence of explicit support from the government (direct or indirect) increase the degree of private involvement. Multilateral support reduces private participation, emphasizing a substitution effect. In the same way, private sector involvement appears as a substitute to overcome failures in countries with poor financial systems. The results are particularly important for public authorities. This chapter identifies key factors that can foster private sector involvement in PPPs. Although the expansion of PPPs is a well-accepted reality, empirical studies that explore factors that affect the degree of private sector involvement are still lacking. This chapter particularly addresses this topic.

This paper studies the usability of LG financial statements as perceived by local councillors. By drawing on a comparative view of two countries with different periods of accrual accounting use in the public sector, the authors investigate how local councillors assess the usability of LG financial statements in order to question accounting reform success. Determinants that influence the usability assessment are explored.

Exploratory design: data were collected from questionnaires with 24 local councillors from five Finnish local governments (LGs) and 30 local councillors from six German LGs. An adjusted variant of the system usability scale was analysed with descriptive statistics and non-parametric group comparisons.

In both countries, the usability assessment of financial statements seems to be positive, indicating a successful reform process. In Finland, where the accrual government accounting reform has had a longer time to settle in, councillors seem to assess usability only partially better than German councillors. Several determinants of the usability assessment were detected, such as size and debt level of the LG as well as local councillors' gender, political orientation and education. Generally, councillors need more assistance and training in using financial statements.

The study is the first to conduct a quantitative assessment of the usability of LG financial statements as perceived by councillors. The system usability scale was adjusted to a public sector reporting context. The paper adopts a transnational comparative approach.

Most media evaluate Slovakia as the most successful European country in the fight against the spread of coronavirus disease 2019 (COVID-19). Such excellent results have been achieved in a really specific period – the change of the government overlapped the initial days of the outbreak of the pandemic in the country. The goal of this viewpoint paper is to investigate how individual public leaders (Prime Ministers) shaped the governance response, how these key political leaders have helped to make the transition to a new government so seamless in times of crisis.

Qualitative approach is used to map the situation and to show how key political leaders shaped the governance response to the crisis. The official government COVID-19 web page and core national media were investigated to collect the necessary information for our research.

The most positive finding of this article is the fact that the departing Prime Minister Pellegrini did not decide to wait till the end of office in a passive or moderate way, but managed during last days of office of “his” government to realize a set of really comprehensive measures to prevent the spread of COVID-19 in Slovakia. Politics has been set a bit aside; coalition and opposition parties prioritized the need to fight COVID-19 instead of the need for permanent political fights.

The article introduces the example of the political “takeover” during the crisis, which has been realized in such positive ways, especially thanks to the fact that Pellegrini behaved as a real national leader just a few days before leaving office.

Decades of research offer mixed results regarding the relationship between green product strategies and corporate financial performance. On the one hand, many scholars put forward green product strategies as a source of competitive advantage and in turn enhance financial performance. On the other hand, some studies suggest the opposite – that green product strategies may encounter managerial difficulties or are too costly, consequently leading to meager, if any, financial gain. This study explores cross-country contextual differences as a contingency to resolve this inconsistency. Thus, the research question is, “Do stakeholders of a country affect the link between green product strategies and financial performance?”

Using a meta-analytic approach, the authors examine three country-level contingencies related to stakeholders: the impact of regulatory (stringency of environmental regulators), economic (consumer economic wealth) and political conditions (democratic vs. authoritarian governments) of a country in which the effects of a green product strategy on financial performance may vary.

Consistent with our predictions, the meta-analysis of 26 studies published over a 20-year period reveals that green products positively relate to financial performance in countries with lax environmental regulation, low consumer economic status and authoritarian regimes.

The authors applied both (natural) resource-based and resource dependence theories by focusing on the interactions between firms' internal resources/capabilities and the external resources that firms can access. By doing so, the study adds to our understanding of stakeholders as resource providers to enhance financial benefits of green product strategies and provide insight into key boundary conditions of the link.

It has been eight years since the Eastern European nations decided to move away from a command economy and adopt free market economic policies. The transformation process has not been without problems, however their efforts and successes in many areas are commendable. Among the Eastern European nations, Hungary has been by far the most successful in transforming its economy and currently first in line for membership into the European Union and the enlarged North Atlantic Treaty Organization (NATO). The study assesses the attractiveness of Hungary for foreign investors, by using the country risk assessment model developed by Haner and Ewing (1985). Based on the discussion, this paper proposes recommendations for prospective investors.