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Article
Publication date: 4 September 2023

Ahmed Diab

This study analyses the socioeconomic impact of COVID-19 on government accountability regarding the employment of both national and migrant workforces by bringing evidence from an…

1087

Abstract

Purpose

This study analyses the socioeconomic impact of COVID-19 on government accountability regarding the employment of both national and migrant workforces by bringing evidence from an emerging market. In doing so, this study addresses if/how the government discharged its accountability to the public during this recent global health crisis, which started in late 2019, with its effects still being felt today.

Design/methodology/approach

This study is based on a close reading of the relevant news media (local and international), published research and official reports, as well as ten conversations with business managers to analyse the socioeconomic impact of COVID-19 on government accountability in the Kingdom of Saudi Arabia (KSA). This study draws on insights from public choice theory in trying to understand why some governments take an economic perspective while exercising accountability to their population during the pandemic.

Findings

It was found that COVID-19 led the government to pursue plans for the localization of the professions and increase employment rates among nationals vs. foreigners or migrant workers. The crisis was exploited by the government to achieve macro socio-political and economic goals, demonstrating its accountability to citizens, rather than foreign workers. This shift shows that difficult and exceptional circumstances can present opportunities for policymakers in emerging markets to achieve national policy and political aims.

Originality/value

This study enhances the author’s understanding of accountability during crises (i.e. crises-induced accountability) in emerging markets. The analyses presented enrich the crisis management literature by highlighting the implicit actions of national leaders that affect the lives and well-being of their constituents, especially vulnerable groups.

Details

Journal of Accounting in Emerging Economies, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2042-1168

Keywords

Article
Publication date: 2 November 2015

Syed Tariq Anwar

The purpose of this paper is to investigate textual issues and communication patterns of CEOs/chairmen/presidents’ letters to shareholders in the post-2008 financial crisis

Abstract

Purpose

The purpose of this paper is to investigate textual issues and communication patterns of CEOs/chairmen/presidents’ letters to shareholders in the post-2008 financial crisis period. By taking a global perspective, the work specifically explores how 307 banks from 15 countries communicated the issues of financial crisis with shareholders, customers and other stakeholders in their letters to shareholders published in the banks’ annual reports.

Design/methodology/approach

By using content analysis and qualitative research, the work specifically analyzes 307 letters to shareholders that constitute 1,028 pages.

Findings

Results of the work suggest that textual features and communication patterns of letters to shareholders remain distinct regarding corporate messages that banks delivered to their shareholders. There was little resemblance between financial institutions regarding their communicative patterns. This could be the result of cultural issues, diverse business environments, regulatory standards, discursive information and hidden business practices.

Research limitations/implications

Within our limited data (307 banks), the significance of this paper lies in its timeliness and relevance to the post-2008 financial crisis period and its worldwide business disruptions.

Practical implications

Practitioners need to use the results of this research and should be familiar with the main causes of the crisis that remain controversial and complex.

Social implications

Global markets and society as a whole were impacted by the severity and longevity of this crisis because of losses, socioeconomic disruptions and business bankruptcies.

Originality/value

Original value of this work falls within the domains of global financial markets and multinational banks.

Details

International Journal of Commerce and Management, vol. 25 no. 4
Type: Research Article
ISSN: 1056-9219

Keywords

Article
Publication date: 14 November 2016

Belén Ruiz, Juan A. García and Antonio J. Revilla

The purpose of this paper is to identify the key antecedents and consequences of bank reputation and whether their relative importance varies across countries.

1659

Abstract

Purpose

The purpose of this paper is to identify the key antecedents and consequences of bank reputation and whether their relative importance varies across countries.

Design/methodology/approach

The sample consists of 900 bank customers, representative of the national populations in the UK (500) and Spain (400), two of the countries in which the weight of the financial system on the gross domestic product is much bigger than that of other European countries. The research hypotheses were tested by conducting a multi-group analysis with covariance-based structural equation modelling.

Findings

In contrast with previous studies, it was discovered that the most important cognitive antecedent of banks’ reputation is reliability/financial strength. This study reinforces the prominence of satisfaction as a key emotional aspect of reputation. Differences between the UK and Spain were found in the impact of employer branding and corporate social responsibility. The positive effect of bank reputation on consumer behaviour (loyalty and word of mouth) and the existence of cross-country differences as regards loyalty were also confirmed.

Originality/value

This is a systematic cross-country analysis of corporate reputation which includes not only cognitive antecedents but also emotional determinants that have been repeatedly ignored. This paper sheds light on whether the antecedents and consequences of corporate reputation vary across countries. The choice of the banking sector provides a unique opportunity to observe the determinants and outcomes of corporate reputation following an unstable time in the banking sector.

Details

International Marketing Review, vol. 33 no. 6
Type: Research Article
ISSN: 0265-1335

Keywords

Book part
Publication date: 20 April 2023

Didem Saygın

International crises are events that develop suddenly in different areas around the world. These crises have different effects on countries. The European Union (EU), a…

Abstract

International crises are events that develop suddenly in different areas around the world. These crises have different effects on countries. The European Union (EU), a supranational organization, was established in 1951 with the Paris Agreement and remains a gradually evolving structure to this day. In this process, the EU has a growing structure with both enlargement and deepening movements. As it advances its deepening, it also completes its institutional development within its own structure. In the almost 71 years of its existence, the EU has also been confronted with various global crises, which it has survived during this long period. These crises can sometimes be in security, sometimes in the area of economics, and sometimes in the form of a global epidemic such as the recent COVID-19 pandemic.

The COVID-19 pandemic was first identified in China in December 2019 and quickly spread around the world. This pandemic, which is transmitted through human contact and respiration, quickly spread around the world and became a deadly virus. This situation caused panic in the world and forced countries to take various measures and methods to protect themselves from epidemics. Countries that made a serious test were faced with a deadly epidemic after a long time. At this point, the attitude of the EU, which has 27 member countries, is the main subject of this study. The study mainly aims to present the attitude of the EU toward different types of crises by briefly mentioning the global crises that the EU faced. Then, the strategies created by the EU, which faced a global epidemic for the first time, are examined.

Details

The European Union in the Twenty-First Century
Type: Book
ISBN: 978-1-80382-537-3

Keywords

Article
Publication date: 1 March 1993

Ernest Raiklin

Attempts to discover an internal logic in the high‐speed eventstaking place in the former Soviet Union. In addressing the problems ofthe country′s disintegration, examines the…

554

Abstract

Attempts to discover an internal logic in the high‐speed events taking place in the former Soviet Union. In addressing the problems of the country′s disintegration, examines the issue in its socioeconomic, political and territorial‐administrative aspects. Analyses, for this purpose, the nature of Soviet society prior to Gorbachev′s reforms, its present transitional stage and its probable direction in the near future.

Details

International Journal of Social Economics, vol. 20 no. 3/4
Type: Research Article
ISSN: 0306-8293

Keywords

Content available
Book part
Publication date: 4 July 2019

Abstract

Details

“Conflict-Free” Socio-Economic Systems
Type: Book
ISBN: 978-1-78769-994-6

Article
Publication date: 4 July 2018

Niki Kyriakidou and Sofia Triliva

The purpose of this paper is to focus on how mental health professionals involved in the therapeutic treatment of children in public mental health facilities in Greece experience…

Abstract

Purpose

The purpose of this paper is to focus on how mental health professionals involved in the therapeutic treatment of children in public mental health facilities in Greece experience and talk about the impact of the socioeconomic crises on the psychotherapeutic process.

Design/methodology/approach

In all, 21 semi-structured interviews were conducted and phenomenologically informed thematic analysis was used in analysing the data.

Findings

The results coalesced into two all-encompassing thematic structures articulating the following: first, the socioeconomic crises have permeated society and therapeutic praxis like a torrential and chronic rain storm. This has resulted in a deluge in demand for therapeutic services within the public mental health sector; second, mental health professionals describe their positioning and work as “a constant tug-of-war” where they are inundated and often overwhelmed with work, find themselves identifying with service users and taking on several roles simultaneously, and being challenged to find solutions often in dire and complex situations. They describe how creativity and flexibility are in demand in their day-to-day interactions and if they are to intervene in place of a health and welfare system that is faltering. Doing therapeutic work under such circumstances appears to be both emotionally onerous and stimulating with regard to conceptualising new ways of intervening in such complex psychosocial situations.

Research limitations/implications

The study is limited in that only mental health professionals presented their experiences and service users were not included. The findings do highlight how severe austerity policies impact mental health services and peoples’ lives.

Practical implications

The study has implications for policy regarding the provision and organisation of mental health services in contexts where crises and economic turmoil prevail.

Social implications

The results associate severe austerity with major changes in family and community life.

Originality/value

The paper provides insights and implications on how mental health services are impacted by socioeconomic conditions.

Details

Mental Health Review Journal, vol. 23 no. 3
Type: Research Article
ISSN: 1361-9322

Keywords

Article
Publication date: 29 August 2023

Pham Tien Thanh and Pham Bao Duong

Women migrant street vendors are considered a vulnerable group in societies, thereby being hard hit during a crisis. This research aims to examine effects of COVID-19 social…

Abstract

Purpose

Women migrant street vendors are considered a vulnerable group in societies, thereby being hard hit during a crisis. This research aims to examine effects of COVID-19 social distancing on their businesses, consumption, health and general lives; solutions and mitigation strategies that they adopted in response to these adverse effects; and their recovery of socioeconomic lives after social distancing.

Design/methodology/approach

The data were collected from the women migrant street vendors in urban Vietnam. Descriptive statistics, probit model and ordered probit model were used for empirical analysis.

Findings

Women migrant street vendors faced immense challenges during social distancing. They also lacked solutions to sustain their businesses and were forced to resort to various mitigation strategies. Their socioeconomic lives were also slow to recover after social distancing. In addition, those experiencing greater business loss faced more adverse effects during social distancing and have more difficulties in the recovery of socioeconomic lives after social distancing.

Practical implications

This research highlights the importance of redesigning social policies to support women migrant street vendors during crises. It also emphasizes the need to formalize and legalize their activities to foster sustainable and inclusive development in the long term.

Originality/value

To the best of the authors’ knowledge, this research is among the first attempts to explore the effects of COVID-19 social distancing on the women migrant street vendors and to examine how they respond to these adverse effects.

Details

Journal of Enterprising Communities: People and Places in the Global Economy, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1750-6204

Keywords

Article
Publication date: 6 January 2021

Xavier Montagud Mayor

This study aims to examine the consequences of the last great recession on the child protection system (CPS) in Spain, to estimate whether there is any kind of relationship…

Abstract

Purpose

This study aims to examine the consequences of the last great recession on the child protection system (CPS) in Spain, to estimate whether there is any kind of relationship between the conditions of socio-economic crisis and its protective activity.

Design/methodology/approach

Data on child protection legal measures issued by the CPS and socio-economic data from 8 of the 17 regions of the country were cross-checked. Using the chi-square test, it was possible to determine the significance and intensity of the relationship between the different variables in each of the regions of the study.

Findings

During the crisis, the number of recorded cases fell most sharply in those regions with the worst socio-economic indicators. The study shows that there is a significant relationship between the socio-economic conditions of the regions and families and the activity of the CPS in each of them, so that the worsening of the former reduces the protective activity of their protection system.

Practical implications

The results ask about the influence of the socioeconomic situation in the decision-making of the CPS in Spain and the need to deepen in its study.

Originality/value

To the best of the author’s knowledge, this is the first longitudinal study on the effects of the economic crisis on CPS activity in Spain.

Details

Journal of Children's Services, vol. 16 no. 1
Type: Research Article
ISSN: 1746-6660

Keywords

Executive summary
Publication date: 9 August 2022

CUBA: Matanzas fire will compound socioeconomic crisis

Details

DOI: 10.1108/OXAN-ES271992

ISSN: 2633-304X

Keywords

Geographic
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