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A conference paper about financial globalization, corporate governance, and the development of home bias is presented. The author presents an overview of optimal ownership theory and its approach, an examination of what home bias is, as well as the incremental insights gained from this conference paper.

The article presents the authors' opinions on the publication of science and technology research by Chinese authors in the English language in American and British scholarly journals. The authors address the outflow of scientific research from Chinese scientists and argue that the flow should be stemmed so that Chinese journals could achieve a higher standing in the field of scholarly research. Topics include academic evaluation methods and internationalization.

This study investigated changes in the internationality of national publishers' journals for the period 1990-2013. The patterns of foreign and interregional authorship in papers and references of 4,199 journals from 3,529 publishers were analyzed. The results revealed that foreign authorship increased from 36% to 62% during the period, but interregional authorship only grew from 77% to 82%. The growth in internationality is not the same across disciplines and regions of the world. Agricultural sciences, psychiatry/ psychology, and economics and business have the least number of foreign authors, while journals in space science, mathematics, and physics have the most. According to the number of both foreign-authored papers and foreign-authored citations, clinical medicine is one of the least international fields. Latin America and Middle East publishers have a greater tendency to publish papers from authors in their countries. In contrast, national publishers in North America have become considerably more international over time. Russia, China, and Brazil publish the least number of foreign authored-papers in their journals, while Switzerland's journals publish the most. [ABSTRACT FROM AUTHOR]

The changes in journal internationality in mainstream science were examined using 1,398 journals and 2,557,229 papers during 1991-2014. The authors' country of affiliation in journals' papers and references of multinational and national publishers were analysed. The results showed that journals' papers and references have become more globalized over time. On average, older journals are more international than the newer ones. Although multinational publishers publish more international journals than the national ones do, journals from national publishers have internationalized faster than those from multinationals. The difference between these two groups of publishers is much greater in authoring compared to referencing. For both groups of publishers, the most changes in journal internationality occurred between the fourth and sixth year of indexing in Web of Science. Journals and papers in Humanities journals have the highest rate of increase of internationality although Natural Sciences and Engineering and Technology have the most international papers. Agricultural Sciences has the least international papers; however, these papers cite a wider range of countries' papers compared to other fields. Journals in Medical and Health Sciences, Natural Sciences, and Agricultural Sciences have the most international references. [ABSTRACT FROM AUTHOR]

This paper contributes to the literature on political corporate social responsibility (PCSR) by considering the forward‐looking, political responsibilities of corporations in relation to structural injustice, based on a critical engagement with Iris Marion Young's Social Connection Model (SCM) of responsibility. Although Young's SCM serves as a key reference point in the PCSR literature, engagement with her work tends to be superficial and lacks critical engagement. By offering a more developed engagement with Young's SCM, this paper addresses several themes that have been highlighted as being insufficiently developed in the PCSR literature. In particular, this paper considers (i) the grounds for corporate political responsibility in relation to structural injustice rather than globalization; (ii) the scope of corporate political responsibilities vis‐à‐vis other actors; and (iii) the role of power in relation to deliberative processes and in relation to scope. [ABSTRACT FROM AUTHOR]

Vertical specialization generated by the international fragmentation of production within global networks is driven not only by comparative advantage, but also by the locational decisions of lead firms which determine the role and bargaining power of local producers in their value chain. This study examines the consequences of such specialization in textiles and clothing for 26 labour-abundant countries from 1990 to 2007. Fixed effects regressions based on panel data reveal that the industry does not always reap the benefits of the resulting international trade integration. Rather, the authors observe a negative relationship between vertical specialization and relative real wages in the textile and clothing industry. [ABSTRACT FROM AUTHOR]

This paper presents data regarding the publication of Chinese English‐language journals (CELAJs), building on previously published information to investigate the status, growth, and international penetration of these journals. The article also presents three case studies of CELJs to demonstrate different strategies for achieving internationalization. We find that there has been rapid growth in CELJs between 2006 and 2011 but mostly in the science, technology and medicine disciplines. There are now 435 CELJs, of which 62.3% are published in association with a western publisher. Partnership has been shown to provide immediate benefits to an established successful journal (Cell Research), has helped to relaunch an established title in English (Bamboo and Silk), and has enabled the successful launch of a new journal (Global Health Research and Policy). The authors conclude that there are three criteria for successful international CELJs: increased visibility, good editorial boards, and international publishing partnerships. [ABSTRACT FROM AUTHOR]

Peer‐reviewed journals are routinely monitored in the world of science, especially on the basis of their performance in international scholarly indexes such as Web of Science and Scopus. While critics have highlighted the bias and 'unintended consequences' of these instruments, it is not at all clear how these indexes are changing the ways in which research takes place. In this paper, we discuss the opportunities and problems facing scientific journals within this environment. By means of 12 qualitative interviews with editors‐in‐chief of WoS‐indexed journals edited in Chile, we analyse the editors' perceptions and strategies to surf within this environment. The article highlights the current tensions that indexation brings for the journals and some strategies to cope with them, the negotiation processes with their traditional audiences, and the conflicts that emerge in the current internationalization processes led by international scientific indexes. Finally, the paper concludes by reflecting on the possibilities and pitfalls that index‐led internationalization has for journals, especially in so‐called semi‐peripheral communities. [ABSTRACT FROM AUTHOR]

Although theory predicts that family firms should be less willing to bear risk than nonfamily firms, prior empirical papers have not found support for this prediction. In this paper, we focus on conditional currency risk because founding families can relatively easily influence their firms' currency exposure. We find that family firms have relatively lower conditional currency exposure. This result holds for both descendant‐led and nonfamily‐led family firms. Consistent with purposeful actions of founding families, we find that exposure decreases with control‐enhancing mechanisms, such as excess voting rights. The findings also support a wealth‐preservation motive, evidenced by a finding that exposure declines with the number of family beneficiaries. Additional analysis suggests that family firms achieve the relatively lower risk by reducing internationalization depth and limiting exposure to riskier currencies. [ABSTRACT FROM AUTHOR]

This paper examines how participating in domestic clustered networks in the agri‐food industry affects the export status and export intensity of small and medium‐sized enterprises (SMEs). The Uppsala internationalization process model has been revisited in light of the knowledge that these networks can contribute to promoting the presence of SMEs abroad. The study uses a sample of companies in the Spanish wine industry and characterizes 76 domestic clustered business networks (Protected Designations of Origin). The value and originality of the paper reside in its contribution in terms of measuring the degree of internationalization of domestic clustered networks to which SMEs belong. It also assesses the effect of these networks on the internationalization process of the agri‐food industry, considering that domestic clustered networks with a strong international commitment generate greater internationalization opportunities. [EconLit Citations: F14, M21, Q13, Q17]. [ABSTRACT FROM AUTHOR]

This paper asks whether history should change the way in which economists and economic historians think about populism. We use Müller's definition, according to which populism is 'an exclusionary form of identity politics, which is why it poses a threat to democracy'. We make three historical arguments. First, late‐nineteenth‐century US Populists were not populist. Second, there is no necessary relationship between populism and anti‐globalization sentiment. Third, economists have sometimes been on the wrong side of important policy debates involving opponents rightly or wrongly described as populist. History encourages us to avoid an overly simplistic view of populism and its correlates. [ABSTRACT FROM AUTHOR]

The aim of this paper is to examine the status of national learned societies in social sciences and humanities (SSH) in Europe. Previous research shows that learned societies serve diverse roles in higher education and suggests that national societies come under pressure given different developments, such as internationalization or open science adoption. We investigate a comprehensive range of aspects within national learned societies: primary goals, activities, internationalization, organization, funding, membership, and recent changes, addressing potential pressures arising from them. Using a cross‐national survey involving 194 learned societies across eight European countries, we study: (a) do the previous findings from individual countries or small selections of national societies hold for a broad range of learned societies in SSH across Europe, and (b) are national learned societies coming under pressure due to internationalization and commercialization processes? Our findings confirm previous results from single countries and single disciplines and expand them as our results show that national learned societies in SSH play an important role in Europe in promoting multilingualism in science, collaborating with many stakeholders, and fostering interdisciplinarity. Contrary to previous research, most SSH societies in our study have not undergone significant changes in the past 5 years, challenging expectations of their declining role. [ABSTRACT FROM AUTHOR]

The paper examines the causal relationships and interdependence between inflation and globalisation over centuries: in the sixteenth century, in the age of Spanish silver; then in the first age of modern globalisation from in the middle of the nineteenth century; and finally in the new globalisation that took off in the 1970s. In the latter cases, inflation was a response to a negative supply shock, and eventually generated policy decisions on economic opening. Both recent globalisations may be explained as technologically driven, and some of the most important productivity gains involved the cost of transport, but the fundamental innovations substantially pre‐dated the moment at which they were economically transformative. Scarcity dramatically changes relative prices, but not the overall price level. Initially inflation became a policy solution, an attractive way of meeting the challenges of scarcity, but then its increasing costs became apparent, and more, rather than less, global integration looked like a way of reducing costs and minimising social pressure. Policy choices were involved in generating the globalised world: not only the removal of impediments to commerce, but also a consensus around a stable and internationally applicable monetary framework, whether the gold standard in the late nineteenth century or a modern inflation targeting regime in the late twentieth century. [ABSTRACT FROM AUTHOR]

This paper compares and contrasts the mode of foreign market entry decision from the transaction cost/internalization and organizational capability perspectives. Each of these perspectives operates at a different level of analysis, respectively the transaction and the firm, and consequently differs in the primary arena of attention, namely transaction characteristics and the capabilities of firms. In making the comparison, a key distinction is made between the cost and the value aspects in the management of know-how, based on which issues pertaining to the transfer of knowledge within and across firm boundaries and the exploitation and enhancement of competitive advantage are closely examined. The main purpose of this paper is to demonstrate the implications of a shift in frame from cost to value in the analysis of decisions related to firm boundaries. Entry into foreign markets is used primarily as a vehicle for the accomplishment of this purpose. The paper shows how the value-based framework of the organizational capability perspective radically and fundamentally shifts the approach towards the governance of firm boundaries and argues that, even though TC/internalization theory raises some valid concerns, the organizational capability framework may be more in tune with today's business context. Some of the assumptions of the TC/internalization perspective, both direct opportunism, exploitation of existing advantage--and indirect--preservation of the value of know-how across locational contexts, asymmetry between bounded rationality for transaction and production purposes--are critically examined and questioned. Implications of a shift from a cost to a value-based framework are discussed and the need for a shift in research focus is also emphasized. [ABSTRACT FROM AUTHOR]

Copyright of Canadian Journal of Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Using an original dataset and theoretical framework, this paper offers a reinterpretation of the French wine international trade after external shocks during wine globalisation based on trade policy. To maintain its external position, particularly after the arrival of phylloxera in the 1860s, French authorities promoted the development of Algerian vineyards by complex discrimination in tariffs. We highlight a negative relationship between discrimination in tariff policy and market share for wine trade partners to the detriment of Spain, Italy, and Portugal and in favour of Algeria. By combining a counterfactual analysis and two theoretical models, we consider Algeria as a new competitor in an imperfect competition. Moreover, using data of wine quality at a disaggregated level, we reveal that the control of imports by France allowed the diversification of the range of exports and maximisation of profits. [ABSTRACT FROM AUTHOR]

This paper examines whether the S‐shaped and M‐shaped hypotheses explain the internalization firm's productivity relationship. The internationalization–performance (I–P) literature uses accounting‐based performance indicators in order to examine such a relationship. In contrast to the mainstream literature, productivity and its components (efficiency and technical change) are used as a firm's performance measures. Utilizing a semi‐parametric model based on artificial neural network techniques, accounting for potential heterogeneity, firms' productivity, efficiency and technical change levels are estimated. The innovative methodological framework is applied in a sample of large, experienced non‐financial firms over the period 1992–2019. The empirical evidence suggests that firms' internationalization in relation to their productivity and efficiency levels exhibits an inverted U‐shaped relationship. This finding corresponds to the last two stages of the S‐shaped and M‐shaped hypotheses. Furthermore, the evidence suggests that internationalization has a positive nonlinear effect on firms' innovation capacity (technical change). Overall, the empirical findings from data‐driven techniques applied, support the view that the effect of internationalization on firms' productivity levels is asymmetric. [ABSTRACT FROM AUTHOR]

Copyright of Papers in Regional Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Regional Science Policy & Practice is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Papers in Regional Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The paper studies how well‐being of women is impacted by the interaction of prevalent corruption levels with the forces of globalisation. Given that corruption disproportionately affect women and girls as they generally start from low level of endowments on most socio‐economic aspects, it tests if the benefits of trade and investment linkages, information flows and political globalisation gets nullified by public sector corruption thereby actually reducing women's well‐being across seventy countries. Two‐stage least square estimates as well as GMM estimates confirm that higher levels of existing corruption can interact with trade linkages and capital mobility between countries to unambiguously reduce women empowerment. Sample split regressions show that the effect of the intensity of corruption remains significant in all cases and inversely affects women empowerment. The results are robust to alternate measures of corruption. [ABSTRACT FROM AUTHOR]

This paper investigates the globalization process at one traditionally ethnocentric firm. Whereas there has been substantial research on how multinational corporations (MNC) structure and manage worldwide activities, little research has investigated how MNCs move toward proposed integrated network structures. The paper develops an evolutionary perspective of this process at traditionally ethnocentric firms, suggesting that it is driven by a shifting mix of strategic objectives over time, each of which differs in its impact on various functions. The paper suggests that globalization occurs at the level of the function, rather than the firm, and highlights important differences in the timing, sequence, and objectives of the process across functions. It also describes the importance of development patterns across functions, as changes in one function create opportunities and requirements for changes in others. Finally, the paper develops a framework of the process that can be tested at subsequent sites. [ABSTRACT FROM AUTHOR]

This paper challenges the common view that mature industries are always ripe for global strategies. Based on data from the European Domestic Appliance industry, this paper shows how changing economic conditions can diminish the value of global strategies. Critical in these shifts were simultaneous rises in demand for variety (that eroded the benefits of scale and continental market share) and decreases in manufacturing scale (that permitted new supply options), which reduced the extent of the strategic market to national dimensions. They added complexity that decreased the profitability of the global players and increased that of national strategies. The fluctuating fortunes of leading firms are shown to have been caused primarily by choices of strategy, not by national factor costs. [ABSTRACT FROM AUTHOR]

The primary concern of this paper is the structural characteristics of an industry that generate returns to transnational integration: manufacturing scale economies and technological intensity. Integration is operationalized as intrafirm flows of resources. Intrafirm trade as a proportion of all international sales is used as an index of integration across 56 manufacturing industries containing U.S.-based firms. Ordinary least-squares analysis of the determinants of integration--technological intensity, manufacturing scale, advertising intensity, and internationalization (as a control) reveals that technological intensity, advertising intensity, and the control are significant and scale is not. I argue that technology is the primary determinant of cross-border integration and the importance of manufacturing scale has been overemphasized, and conclude by discussing the implications of the increasing cost and complexity of technology for the state-based political system. [ABSTRACT FROM AUTHOR]

In a financially integrated global market, the conditionally expected return on a portfolio of securities from a particular country is determined by the country's world risk exposure. This paper measures the conditional risk of 17 countries. The reward per unit of risk is the world price of covariance risk. Although the tests provide evidence on the conditional mean variance efficiency of the benchmark portfolio, the results show that countries' risk exposures help explain differences in performance. Evidence is also presented which indicates that these risk exposures change through time and that the world price of covariance risk is not constant. [ABSTRACT FROM AUTHOR]

The paper argues that many of the exaggerated claims that globalization has been an important factor in lowering inflation in recent years just do not hold up. Globalization does, however, have the potential to be stabilizing for individual economies and has been a key factor in promoting economic growth. The paper then examines four questions about the impact of globalization on the monetary transmission mechanism and arrives at the following answers: (i) Has globalization led to a decline in the sensitivity of inflation to domestic output gaps and thus to domestic monetary policy? No. (ii) Are foreign output gaps playing a more prominent role in the domestic inflation process, so that domestic monetary policy has more difficulty stabilizing inflation? No. (iii) Can domestic monetary policy still control domestic interest rates and so stabilize both inflation and output? Yes. (iv) Are there other ways, besides possible influences on inflation and interest rates, in which globalization may have affected the transmission mechanism of monetary policy? Yes. [ABSTRACT FROM AUTHOR]

Governments across the world are thinking about their expatriate populations in new ways. These new understandings of expatriates emerged as the problem of ‘human capital’ became central to development strategies premised on increased participation in the globalising economy. The ‘expertise’ of expatriates has also been re-imagined through a series of interlinked ideas relating to knowledge, brokerage and leadership. This paper examines recent attempts to link expatriate experts to national economic development projects through a case study of the New Zealand diaspora strategy. Drawing on literature reviews, internet searches, key informant interviews and participation in London-based New Zealand expatriate initiatives, the paper shows how the interaction of governmental strategies and individual mobilities is bringing globalising spaces and subjects into being. [ABSTRACT FROM AUTHOR]

The paper presents an analysis of the interrelationship of law, policy and knowledge under conditions of globalization. The paper's basic premise is that the emergence of the sustainable development policy has been driven by an expanding awareness of the world as a singular and interdependent entity. The principal argument is that the policy of sustainable development is part of a wider epistemic shift, which means that the global community at large understands the world differently today than 50–60 years ago when the United Nations and the Bretton Woods-inspired institutions were established. The theory of change underlying these policies represents, therefore, a shift from the model of economic development, which builds on the idea of separation and functional specialization, to a model of sustainable development, which builds on interdependence and integration. It is suggested that the sustainable development policy provides us with a key to develop a common theoretical framework for explaining the implications of the epistemic shift, but, giving effect to the shift will require research and co-operation between a wide range of disciplines. It is further suggested that expanding the concept of law provides a necessary condition for making the epistemic shift operational as a new paradigm in a global governance context. In conclusion, the paper proposes that the theoretical insight from policymaking provides the resources to answer the post-modern crisis of truth, which in essence is a crisis of reality, self and language. And further, that sustainable development has the potential for enabling a change equivalent to that of the Copernican revolution, which concerned man's place in the cosmos, while sustainable development concerns man's place in the biosphere. Effectuating the change will, however, require a fundamental willingness of the global scholarly community to engage with—and not merely describe, prescribe, and measure—reality and the human condition. Copyright © 2007 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

This paper examines a key aspect of how the global geometries of finance and trade articulate the euro–dollar relationship. Here, European integration extends into a global financial and trading system replete with contradictions. The paper examines these, drawing upon a literature from international political economy, foregrounding the spatialities that they signal. [ABSTRACT FROM AUTHOR]

China is developing its BeiDou Satellite‐Based Augmentation System (BDSBAS) in accordance with international standards, and it has provided initial Single Frequency (SF) and Dual‐Frequency Multi‐Constellation (DFMC) services since July 2020. This paper gives a comprehensive introduction to BDSBAS from the aspects of its general design, system time datum, coordinate reference system and signal characteristics. The performance requirements and internationalization endeavors of BDSBAS also are presented. Additionally, the initial performance tests of BDSBAS SF service had been carried out based on the first two BDSBAS Geosynchronous Earth Orbit (GEO) satellites, including the quality of signal‐in‐space, and initial accuracy, integrity and availability. The results show that the characteristics of BDSBAS signal‐in‐space can well meet the requirements of the International Civil Aviation Organization (ICAO), and the initial performance of BDSBAS SF service can basically meet the requirements of Approach with Vertical guidance I (APV‐I). Finally, before the application of BDSBAS services into civil aviation uses, testing and certification will be organized by the Civil Aviation Administration of China (CAAC) and carried out in three steps. In the future, China will continue to promote the development of BDSBAS in a steady manner in order to provide aviation integrity services compatible with the ICAO standards in China and the surrounding areas as soon as possible. [ABSTRACT FROM AUTHOR]

Copyright of Regional Science Policy & Practice is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Research on organizational learning, innovation and internationalization has traditionally linked these concepts through linear causality, by considering any one of them as the cause of another, an approach that might be considered contradictory and static. This paper aims to clarify these relationships and proposes a dynamic theoretical model that has mutual causality at its core and is based on ideas originating in complexity theory. The final model results from case studies of two clothing sector firms. The authors consider that the three concepts constitute a complex system and can adapt and transcend, as any alteration can take the system to the edge of chaos. Adaptability is fostered by concentration, improvement and discussion. Transcendence is fostered by attention, dialogue and inquiry. The different paces of the two case study companies led their systems to two different models: the incremental complex adaptive system model and the global complex generative system model. The incremental model is characterized by adaptive learning, incremental innovation and low internationalization; and the global system is characterized by generative learning, radical innovation and global internationalization. The paper ends with an exploration of the academic and management implications of the model. [ABSTRACT FROM AUTHOR]

Copyright of Canadian Geographer is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Papers in Regional Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Papers in Regional Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This paper reviews the research agenda lineage on public-private partnerships (PPPs) from Broadbent and Laughlin's seminal piece in 1999. The PPP phenomenon is viewed at five levels: project delivery, organisational form, policy, governance tool and as a phenomenon within a broader historical and cultural context. We argue that whilst a variety of research issues will continue to be relevant, five corresponding areas deserve future visibility for a renewed research agenda: (1) Financialisation of PPPs, (2) global PPP market actors, (3) internationalisation of policy on PPPs, (4) long-term complex contracts as a governing regime and (5) PPPs in BRICS and developing countries. [ABSTRACT FROM AUTHOR]

In the modern era of the wave of globalization, financial development is leading toward a higher rate of economic expansion and promoting energy innovation around the globe. Nevertheless, environmental impact of financial development has preoccupied government officials to circumvent adverse impact on environmental quality. Thus, this paper examines the nexus between financial development, economic growth, energy innovation, and environmental pollution for the period of 1990–2017 for the panel of Organization for Economic Cooperation and Development (OECD) countries. To obtain robust and unbiased results, this study utilizes Pooled Mean Group Autoregressive Distributed Lag (PMG/ARDL) estimator that counters the issue of heterogeneity and cross‐sectional dependence. Empirical evidence suggests that financial development promotes energy innovation and improves environmental quality. Globalization also has a long‐term relationship with energy innovation and reduces greenhouse gas (GHG) emissions. Moreover, findings validate the environmental Kuznets curve for OECD countries in the significance of financial development, globalization, and energy innovation. [ABSTRACT FROM AUTHOR]

Noninterest income is widely used in the literature to account for the degree of the universal business model by banks. This paper proposes a novel measure of universal banking constructed using the relative contribution of each operating segment to total assets using an entropy approach. We here propose a novel dataset containing the Universal Banking Index (UBI) at both country and bank levels. Using a sample of international banks, we evaluate the extent to which our proposed metric affects banks' profitability, stability, liquidity and capitalisation. Results suggest that a higher degree of diversification is associated with increased stability. In addition, banks that feature a more diversified business model, as proxied by the UBI, are also better capitalised, as opposed to banks with high noninterest income share. Our results suggest that regulatory‐induced restriction on universal banking may indeed reduce the benefits of risk sharing across operating segments, exposing banks to heightened risks. [ABSTRACT FROM AUTHOR]

This paper explores the role of local context in cross-border acquisitions by emerging economy multinational enterprises (EMNEs). It argues that the importance of local context has remained despite the increased global integration of the world economy. Hypotheses are tested using data on Indian acquisitions hosted in 70 countries over an eight-year period. Results, which are consistent across number and value of cross-border acquisitions, show that the local context in host countries offers contrasting benefits. Emerging economy multinational enterprises exploited these benefits by embedding in host countries through acquisitions. The acquisition strategy is conventional in the motives underpinning internationalization, but novel in its geographical clustering of host countries, and idiosyncratic owing to the EMNE's ability to draw on home country embeddedness. The paper develops theoretical implications and extends the concept of embeddedness, treating it as a series of internalization or quasi-internalization decisions across a variety of local contexts by multinationals. [ABSTRACT FROM AUTHOR]

Copyright of Papers in Regional Science is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

ABSTRACT This paper examines the foreign direct investment (FDI) versus exports decision of foreign oligopolistic firms under cost heterogeneity. An additional motivation for firms to invest abroad is the technological sourcing via spillovers, which flow from the host more efficient firm to foreign less advantaged firms. For intermediate values of the set-up costs associated with FDI entry, it is shown that foreign firms choose opposite entry strategies. An equilibrium where the less efficient foreign firm exports whereas the more efficient invests is more likely to happen when foreign firms become more heterogeneous, the larger the trade costs and not too big oligopolistic profitability. Interestingly, the opposite may also be an equilibrium thus finding that the more efficient firm does not choose to invest, a result that emphasizes the relevance of the strategic setting under consideration. The latter result identifies a market failure since welfare in the host market is higher when both firms undertake FDI; a finding that calls attention to how appropriate are host government policies towards internationalization strategies. [ABSTRACT FROM AUTHOR]

ABSTRACT An acceleration of the wine industry globalization process has occurred in the last decades due to increased competition, the emergence of new producers and exporters, and the existence of new wine consuming countries. All this has led to global changes in production strategies and marketing. The aim of this paper is to analyze the changes that have occurred in the global wine export dynamics and define its determinants; to do so a gravity model was estimated in which (a) the main wine producers and consumers involved in international trade are present, (b) two distinctive scenarios are present: one of continuous change (1988-1999), and one of an established export dynamic (2002-2012), and (c) bulk and bottled wines are considered. The main results show that higher incomes, lower prices, cultural and geographical affinities, and trade agreements promote wine exports; the expansion of bottled wine trade, especially within the EU, is particularly highlighted. [EconLit citations: C40; F14; Q1]. [ABSTRACT FROM AUTHOR]

The article presents information on four papers discussed at the University of Nottingham conference held in June 2005. The papers focus on the determinants behind the decision making in global trade and the implications of globalization for firm-level adjustment. It states that the papers explains the three themes namely, exports, multinationals enterprises and outsourcing.

Presents information on the 47th Annual Conference of the International Society for the Systems Sciences. Theme of the conference; Topics discussed in the conference; Issues of globalization and cultural assimilation discussed in the conference.

The dynamic complexity of the social phenomena that characterize 'globalization' accentuates a divisive public discourse with strong arguments for and against the globalization process and its effects. To help unearth the dynamic processes underlying globalization, this paper makes three contributions. First, it shows the recursive relations among technology, institutional structures, beliefs and social behaviour, which sociologist Giddens has posited on globalization. It incorporates not only favourable conditions, such as the development of telecommunications and global economic integration, but also political transformations and transnational corporation growth. Second, selected Giddens' globalization concerns about unemployment and welfare outline the components of a system dynamics modelling example. The model analysis reveals the dynamic complexity of the phenomenon and, most importantly, it shows how welfare-support can fail in the long run. Third, the paper calls for a wider adoption of dynamic simulation modelling in the analysis of the globalization process and its effects. Copyright © 2010 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

This paper focuses on the adjustment costs of globalisation by studying the effects of international outsourcing on individual transitions out of jobs in the Danish manufacturing sector for the period 1990-2003. A competing risks duration model that distinguishes between job-to-job and job-to-unemployment transitions is estimated. Outsourcing is found to increase the unemployment risk of low-skilled workers, but the quantitative impact is modest. Outsourcing is also found to reduce the job change hazard rate for all education groups. Thus, the paper provides evidence for small adjustment costs of globalisation. [ABSTRACT FROM AUTHOR]

People across cultures solve problems differently, so do they theorize systems methodologies. Mainstream systems research has thus far managed to ignore the cultural dimension, which generates frustrations in cross-border conversation and application. Exploring how representative systems methodologies are theorized in different cultural settings, this paper aims to (1) stress that systems methodologies, like other management thoughts and practices, are cultural artefacts, (2) propose that a heightened sensitivity towards cultural differences is essential to systems research and practice in an era of deepened globalization. Copyright © 2010 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

Editorial. Discusses the need to promote the internationalization of the Society for Conservation Biology. Greater global participation in publishing; Role of the periodical 'Conservation Biology'; Special sections; Greater commitment to membership by professionals and students from outside the U.S.

In an era of globalisation the ‘global’ is very much implicated in the ‘local’. Local events like conflicts therefore need to be understood in the context of the dynamics of globalisation. This paper argues that neoliberal globalisation undergoes a thorough grounding in accordance with the pre-existing socio-cultural and economic specificities of places, which impact upon inter-community alienation and conflict. Using four case studies from a Hindu–Muslim conflict in a neoliberalising city, Ahmedabad, India, this paper illustrates how open market policies are implicated in local industrial restructuring and urban renewal that simultaneously utilise place-specific ethnocentrism to exclude and fragment the poor. [ABSTRACT FROM AUTHOR]

Copyright of Regional Science Policy & Practice is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)