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This study examines whether the level of a country's resilience to shocks moderates the link between the size of the tourism industry and the economic policy response to the COVID-19 pandemic using...

We investigate the effect of migration rates on international tourism flows and whether linguistic networks and common languages affect the relationship between migration rates and tourist flows. We utilize the gravity data set consisting of 166 origin and 30 destination countries, over the 1995–2010 period for the empirical analysis. The results show that increased migration rates lead to higher international tourism flows in destination countries. This effect becomes even stronger when the destination country has a larger linguistic network. Migration matters less, however, when a country-pair shares closer linguistic ties. The findings of this study will help to inform public, and tourism industry policies aimed at boosting sustainable tourism flows, especially post COVID-19 pandemic. Targeted immigration policies, such as those that seek to attract foreign workers with specific skill sets, tend to enlarge linguistic networks and contribute to multilingualism, which in turn can boost international tourism flows.

This study investigates the effect of regional trade agreements (RTAs)—including preferential and free trade agreements, customs unions, and common markets—on bilateral tourism flows. We explore these effects using a panel gravity data set of 163 destination countries, 171 source countries, and 13,589 country-pairs from 1995 to 2015. This is the first large cross-country study to undertake such an integrated analysis using the gravity framework. Results show that all types of RTAs have a positive and significant effect on bilateral tourism flows. The overall indicator of RTAs that captures the combined effect of all types of RTAs on bilateral tourism flows is also positive and significant, on average, as well as when different regions are separately evaluated. These findings underscore the importance of strong economic integration in fostering international tourism flows. Policies aimed at improving a country’s economic integration with other countries can help promote international tourism flows.

Contains fulltext : 247676.pdf (Publisher’s version ) (Closed access) 23 november 2021

Contains fulltext : 225862.pdf (Publisher’s version ) (Open Access) 15 juni 2020 1 p.

We hypothesize that informal bank networks influence corporate credit access in China. Our sample comprises a panel of 515 corporations listed on China's stock exchanges with a total of 1,052 firm-year observations, holding a total of 7,009 major bank loans from 183 distinct banks between 2007 and 2012. Results support the hypothesis that closure in bank networks facilitates credit access. We further show that the positive closure-performance association offers fewer advantages if financial markets and the legal infrastructure are relatively well developed. Our findings contribute to an emergent literature examining how informal networks can productively substitute weak formal institutions, and how the interplay between informal networks and network embeddedness shapes individual and corporate strategies.

We apply a panel of 331 microfinance institutions from 37 countries to investigate the relationship between social beliefs and microfinance financial performance over the period of 2003-2011. We find that microfinance institutions in countries with higher levels of trust and more collectivist culture have lower operating and default costs and charge lower interest rates. These results provide the first large cross-country evidence that social beliefs are important determinants of microfinance performance. Copyright (c) 2014 John Wiley & Sons, Ltd.

Organizations in health care increasingly collaborate in multilevel networks to overcome the increasing complexity in health care delivery. However, these networks do not always obtain the goal or ...

Contains fulltext : 175854.pdf (Publisher’s version ) (Closed access) Contains fulltext : 175854_a.pdf (author's version ) (Open Access) Intending to clear space for rigorous integrative research bridging theory and research across East and West, we highlight four conclusions from exceptional data on the networks around Chinese entrepreneurs: (1) The broker networks associated with business success in the West are also associated with success in China; (2) The trust correlates of closed networks in the West are similarly correlated in China; (3) History and trust proven in events emerge as especially important to the Chinese entrepreneurs; (4) High-quality network data on Chinese business leaders are a practical reality. We use the results to define a network perspective on guanxi ties that can be common ground for integrating results across East and West, and guide future research on the role networks play in Chinese business. 16 mei 2017

That social capital matters in corporate lending relations is uncontested. While the literature has largely focused on the quality of dyadic firm-bank ties in explaining corporate credit access, we...

Contains fulltext : 158903.pdf (Publisher’s version ) (Open Access) China’s banking sector is dominated by four distinct organizational forms: policy banks (PBs), state-owned commercial banks (SOCBs), joint stock commercial banks (JSCBs), and rural credit cooperatives (RCCs). Economic analyses have especially focused on the development of bank efficiency and profitability over time. The equally important question, which of China’s banking institutions promote economic growth, has not been explored using macroeconomic data. Our study uses a novel data set covering the period 1997–2008 and employs Granger causality tests to estimate the finance–growth nexus of each of these bank types. Our results show that SOCBs and RCCs do not Granger-cause GDP growth and that SOCBs even have a negative effect on manufacturing growth. By contrast, PBs and JSCBs promote economic growth. 12 januari 2016

This is the first study to explore the determinants of the egocentric lending networks of stock listed companies in China. Egocentric lending networks are constructed using the public loan announcements of firms listed on China’s two stock exchanges combined with cross-ownership shares connecting the lending institutions. The data cover 2060 observations over the period from 2007 to 2012. The study shows that large, high-growth firms and firms with low leverage are more likely to have less-constrained lending networks. In contrast, highly indebted firms with poor performance tend to have more-constrained bank networks. The lending networks of firms with higher shares of state ownership, however, are not significantly related to leverage, suggesting that partly state-owned corporations in China still enjoy privileged access to bank financing in spite of substantial reforms and growing competition in China’s banking sector.

This study is the first to explore the determinants of the egocentric lending networks of stock listed companies in China. Egocentric lending networks are constructed using the public loan announce...