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Article
Publication date: 25 February 2022

Wenjing Wang, Taiyi He and Zhenhui Li

This paper aims to explore the impact of digital inclusive finance (DIF) on regional economic growth and innovation-driven development.

Abstract

Purpose

This paper aims to explore the impact of digital inclusive finance (DIF) on regional economic growth and innovation-driven development.

Design/methodology/approach

Based on the panel data of 31 provinces (autonomous regions and municipalities directly under the central government) in China from 2011 to 2018, this paper explores the impact of DIF on economic growth and innovative development.

Findings

(1) DIF has a direct positive effect on economic growth and innovative development; (2) there is significant regional heterogeneity in the impact of DIF on economic growth and innovative development. (3) DIF can indirectly affect economic growth and innovative development by increasing residents’ personal disposable income, increasing fiscal expenditure and improving educational level.

Social implications

Exploring the relationship between them and digital inclusive financial development can provide a reference for national productivity construction and development.

Originality/value

Economic growth and innovation-driven development have been one of the main concerns of China’s policymakers. Exploring the relationship between them, digital inclusive financial development can provide a reference for national productivity construction and development.

Details

Kybernetes, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0368-492X

Keywords

Book part
Publication date: 26 July 2007

Walid Hejazi

It has been demonstrated by Rugman and his colleagues that a majority of the activities undertaken by the world's largest 500 MNEs, such as sales, assets, and employment…

Abstract

It has been demonstrated by Rugman and his colleagues that a majority of the activities undertaken by the world's largest 500 MNEs, such as sales, assets, and employment, are regional in nature. This evidence has also been extended to trade and FDI patterns of OECD countries. Given the costs associated with doing business in foreign and distant markets, one may expect there to be a regional concentration in such activities. That is, the concentration of MNE activities in regional markets may be consistent with a transactions cost model. The objective of the analysis undertaken in this paper is to measure the extent to which the concentrations of OECD MNE activities can be explained by a formal transactions costs model (the gravity model in this case). These results are important for two main reasons. To the extent the concentrations are consistent with a formal model, then, first, this would provide further theoretical arguments in support of Rugman's hypotheses, and second, this would indicate that MNE managers have it right – that is, the activities of the corporations they manage are as global as they should be. On the other hand, if the activities are not fully explainable by atransactions cost model, the implications would be quite different. Theresults indicate that although some activities can be explained by a gravity model, many dimensions of OECD MNE activities, especially within the EU, are not explainable using a gravity model. That is, many of the activities of EU MNEs are more regionally concentrated than would be predicted by transactions costs.

Details

Regional Aspects of Multinationality and Performance
Type: Book
ISBN: 978-0-7623-1395-2

Book part
Publication date: 26 July 2007

Alan M. Rugman

In the field of international business one of the most basic issues is the relationship between multinationality and performance. Several hundred studies have examined the…

Abstract

In the field of international business one of the most basic issues is the relationship between multinationality and performance. Several hundred studies have examined the nature of this relationship, with somewhat inconclusive results. This literature is reviewed and extended in Part B of this book. However, the main contribution of this book lies in Parts A and C which explore the regional dimension of multinationality and performance.

Details

Regional Aspects of Multinationality and Performance
Type: Book
ISBN: 978-0-7623-1395-2

Article
Publication date: 24 May 2013

Michael Devaney and William L. Weber

The purpose of this paper is to investigate the effects of the 2008 SEC short‐sell moratorium on regional bank risk and return. The paper also examines the decline in…

Abstract

Purpose

The purpose of this paper is to investigate the effects of the 2008 SEC short‐sell moratorium on regional bank risk and return. The paper also examines the decline in “failures to deliver” securities in the wake of SEC short‐sell moratorium.

Design/methodology/approach

In total, six regional bank portfolios are derived and the beta coefficients from a CAPM model are estimated using the integrated generalized autoregressive conditional heteroskedasticity (IGARCH) method accounting for the short‐sell moratorium. Data on 110 regional banks in six US regions from January 2002 to December 30, 2011 are used to estimate the model.

Findings

The ban on naked short selling and the SEC short‐sell moratorium significantly increased individual bank risk for a majority of banks in six geographic regions, but also increased return in three of three regions. There was also reduced naked short selling as failures to deliver securities declined sharply after the September 2008 moratorium took effect.

Originality/value

Regional banks have generally not achieved the size needed to be deemed “too big to fail” by policy‐makers. Thus, policy changes such as the SEC short‐sell moratorium might be expected to have larger effects on regional banks than on larger banks, which might be shielded from the policy change by having achieved “too big to fail” status. The authors' results are consistent with research that has shown that short‐sell restrictions increase risk by reducing liquidity and trading volume.

Details

Journal of Financial Economic Policy, vol. 5 no. 2
Type: Research Article
ISSN: 1757-6385

Keywords

Book part
Publication date: 18 August 2006

Alan M. Rugman and Nessara Sukpanich

This chapter is an extension of a recent work that has examined the intra-regional sales of large multinational enterprises (MNEs). First, we examine the interaction…

Abstract

This chapter is an extension of a recent work that has examined the intra-regional sales of large multinational enterprises (MNEs). First, we examine the interaction between the performance of MNEs and four proxies for their firm-specific advantages (FSAs). This includes: firm size, knowledge (as represented by research and development (R&D)), marketing ability, and industry type. We find that FSAs in R&D and service sector type are best exploited within the home region. In contrast, the FSA firm size is better exploited by global and bi-regional firms. Second, we find that a service MNE tends to be more home-region oriented and has a higher proportion of intra-regional sales than a manufacturing firm.

Details

Regional Economic Integration
Type: Book
ISBN: 978-0-76231-296-2

Book part
Publication date: 26 July 2007

Alan M. Rugman, Alina Kudina and George S. Yip

As multinational enterprises (MNEs) expand internationally (for example, as the ratio of foreign (F) to total (T) sales increases), there is a positive effect on firm…

Abstract

As multinational enterprises (MNEs) expand internationally (for example, as the ratio of foreign (F) to total (T) sales increases), there is a positive effect on firm performance (usually measured by return on total assets (ROTA). We advance this literature in three ways: (i) we focus on the recent performance of UK MNEs, in terms of ROTA, but also in terms of their return on foreign assets (ROFA); (ii) to supplement (F/T), we examine the ratio of European (E) to total (T) sales of these UK MNEs; and (iii) we test the relationship between (E/T) and both ROFA and ROTA, and find a significant non-linear fit.

Details

Regional Aspects of Multinationality and Performance
Type: Book
ISBN: 978-0-7623-1395-2

Article
Publication date: 1 October 2006

Scott England

To test the economic theory that economies with greater stability and diversity are also economies that are more insulated from economic shocks.

Abstract

Purpose

To test the economic theory that economies with greater stability and diversity are also economies that are more insulated from economic shocks.

Design/methodology/approach

Uses persistence profiles derived from the cointegrated systems of two regional economies within the state of Oregon; the urban Portland Metropolitan Area (PMA) and the rural Southwest (SW) region.

Findings

The results of the above process illustrate that the more stable and diverse PMA responds with a smaller frequency and returns to equilibrium more quickly than the SW.

Research limitations/implications

This paper only provides one set of observations, which is insufficient to prove the theory, but does enable a more extensive time series approach than that has been done previously. Also regional economies typically become more diversified over time, so the level of diversity can only be measured in relative terms not absolute.

Practical implications

The paper reveals the benefits a diversified a diversified economy has in creating stable employment opportunities, as deviations in unemployment rates decline as diversification increases.

Originality/value

The paper takes a widely accepted time series econometrics technique from macroeconomic literature, cointegration, and applies it at a regional level. Cointegration combined with persistence profiles enables the integration of both the time dynamics of an economy and their inter‐industry linkages to be analyzed. This methodology dramatically increases the depth of possible analysis into the stability/diversity debate that has been waged over the last 70 years.

Details

Humanomics, vol. 22 no. 4
Type: Research Article
ISSN: 0828-8666

Keywords

Article
Publication date: 14 April 2014

B. Elango and Jamie R. Wieland

The importance of regional strategy as a separate paradigm in the international business literature has grown in recent years, and the initial connections between…

320

Abstract

Purpose

The importance of regional strategy as a separate paradigm in the international business literature has grown in recent years, and the initial connections between regionalization and firm performance appear promising. What is lacking, however, is an empirical analysis quantifying the impact of regional effects on firm profitability. This topic is an important one for the field of international business, as drivers of firm profitability are some of the key motivators of research in international strategy. The aim of this paper is to empirically quantify the role of regional effects on the performance of service firms in a manner such that regional effects can be directly compared with country and firm effects on firm profitability.

Design/methodology/approach

Using a hierarchical linear model (HLM) with four levels, the proportion of variation driven by regional effects is estimated. These estimates are obtained from a data panel of 48,083 units from 7,129 service firms across the three triad regions (North America, Europe, and Asia Pacific) over a ten-year time-frame (1999-2008).

Findings

It was found that regional effects, in terms of relative importance, explain approximately 9 percent of the variance in firm performance. This pattern of results is consistent when the analysis was conducted during periods of increasing or decreasing profits, firm type, and ownership structure.

Originality/value

Within the context of international business, work on regional strategy/regionalization has emerged as a separate stream of literature. This study is one of the first to quantify the influence of regional effects on performance using a 4-level HLM model. Additionally, this paper demonstrates the application of a 4-level model, potentially increasing awareness of this technique and usage in other multilevel topics in the IB literature, which offers several avenues for future research.

Details

Multinational Business Review, vol. 22 no. 1
Type: Research Article
ISSN: 1525-383X

Keywords

Article
Publication date: 14 June 2022

Xueqi Zhao, Xiaozhe Sun, Longwen Zhao and Yibing Xing

The purpose of this paper is to investigate the relations between the digital transformation of manufacturing enterprises and enterprise innovation to provide inspiration…

Abstract

Purpose

The purpose of this paper is to investigate the relations between the digital transformation of manufacturing enterprises and enterprise innovation to provide inspiration for promoting the digitization and upgrading of China's manufacturing industry and facilitate enterprises' innovative development.

Design/methodology/approach

Based on a panel data of 584 listed manufacturing companies in China from 2016 to 2020, and using a fixed effects approach, this paper empirically examines the impact of digital transformation on corporate innovation in manufacturing enterprises, as well as examining the influential mechanisms and heterogeneity.

Findings

The research shows that the digital transformation of manufacturing enterprises has effectively improved the innovation capacity of enterprises and verifies different situations through heterogeneity. At the same time, the research clarifies the mediating effect of the innovation investment mechanism, cost control mechanism, and profit guarantee mechanism on the relations between the digital transformation of manufacturing enterprises and the innovation capacity of enterprises.

Originality/value

Based on Chinese manufacturing enterprise samples, this paper empirically tests the influential mechanism of digital transformation on the innovation capability of manufacturing enterprises, therefore clarifying the main mediating effects. This paper could provide inspiration for manufacturing companies to make good use of digital transformation rules according to their own situation and improve their innovation capabilities, thereby enhancing competitiveness in the digital economy era.

Details

Business Process Management Journal, vol. 28 no. 4
Type: Research Article
ISSN: 1463-7154

Keywords

Article
Publication date: 1 June 1979

D. Jobber

The stimulus to this research project was an article by Thornycroft in the Financial Times where he wrote: “The old test marketing idea is virtually dead: it was too…

Abstract

The stimulus to this research project was an article by Thornycroft in the Financial Times where he wrote: “The old test marketing idea is virtually dead: it was too expensive. Once companies had committed themselves to manufacturing a new product for a launch in a sizable TV region they were almost bound by cash and executive conceit to proceed with it to a national launch, whatever the auguries. Now the most common procedure is a more selective test either through extensive consumer sampling or the Research Bureau's mini‐van operation or a Westminster Press test campaign, or a simulated supermarket or one of the other testing services on offer.” At the time this appeared a contentious statement—reducing conventional test marketing to little more than a shibboleth. In the event, it served as a hypothesis to study while, at the same time, provided scope for an examination of the newer methods of testing a product in the market‐place before national launch.

Details

Management Decision, vol. 17 no. 6
Type: Research Article
ISSN: 0025-1747

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