Search results for "Market economy"
showing 10 items of 138 documents
Factors and Barriers of Implementing Early Warning, Support and Second Chance Support Systems for SMEs in the Baltic States
2021
COVID-19 creates insolvencies time bomb, even if economies are supported by the state. Following the liquidation or bankruptcy of a business, entrepreneurs in the EU mostly opt for a paid professional job rather than re-establishing their business [1]. Those entrepreneurs who re-establish their business after bankruptcy are experiencing faster growth than start-ups. The study points to significant current barriers and factors influencing the implementation of support, early warning and second chances in the Baltic States. There is a need to increase the competencies of both the businessmen and support providers on crisis management and the support already available in the broadest sense. By…
COMPETITIVENESS OF LATVIAN FIRMS IN CHINA
2012
The results of the firms’ performance are one of the key aspects in the research of competitiveness. The competitiveness of firms is a concept that involves many aspects of measurement. There are many models that can be used to assess the international competitiveness of firms, including the competitiveness of foreign firms in the Chinese market. The opportunities of Latvian firms to enter China market and the capabilities of Latvian firms to compete in China have not so far been sufficiently studied. In 2010 the export volume of Latvian firms to China was 25 million EUR and more than half of it was export of raw materials. The model of SME competitiveness is used to research the competitiv…
Supply and Use of Human Capital in the Spanish Regions
2009
Besides enrichment at personal level entailed by the increase in the cognitive and intellectual levels of the person associated with education, a large number of studies have verified the greater the human capital of a person, the greater is his employability, his participation in the labour market, his functional and geographical mobility and, thereby, his productivity. This results in higher wages and less likelihood of unemployment for individuals with more schooling. From the social point of view, the accumulation of resources associated to higher educational attainment levels permits societies to make sustained progress towards higher levels of welfare. It makes possible to adapt to gl…
Disregarding Wind Power: Introduction to Finnish Feed-in Tariff Policy
2011
In 2001, the Third Assessment Report (TAR) presented by the Intergovernmental Panel on Climate Change (IPCC) identified some major barriers inhibiting the deployment of technology that has the potential to reduce greenhouse gas (GHG) emissions. The TAR classifies such barriers into categories including prices; financing; trade and environment; market structure; institutional frameworks; information provision; and social, cultural, and behavioral norms and aspirations (IPCC 2001, 355). Similar categorizations have been made prior to and following the TAR (see e.g., Reiche and Bechberger 2004; Painuly 2001; Roos et al. 1999). This chapter examines the institutional framework of Finnish energy…
Innovation, Knowledge, Judgement and Decision Making as Virtuous Cycles
2018
Globalization of the economy has forced managers to develop new ways of thinking, acting, and managing. Managers must adopt practices that allow their organizations to survive and compete sustainab...
A new scenario for banks: glocal banking. A theoretical approach to propose for Europe
2017
In the early 1990s, with the development of information and communication technology (ICT), global banks began looking for a new world consisting of markets rather than relationships through the development of standardised services in the markets. However, in the early 21st century, with the collapse of the speculative bubble and the financial crisis of 2008, which caused financial instability and damaged the real economy, the entire banking system and the market itself suffered profound changes in profitability. Thus, began efforts to develop a new cultural relationship between banks and companies known as 'glocal banking'. These include: studying the needs of customers, planning and provi…
Subsidiary-specific advantages for inter-regional expansion: The role of intermediate units
2018
Abstract This paper explores the distinctive deployment of resources and capabilities by subsidiaries in order to develop an intermediate role within the MNC. Based on the regional management perspective, we focus on a specific intermediate role—the springboard subsidiary—that helps overcome the liability of inter-regional foreignness. Our results, which are based on a dataset covering 188 subsidiaries, show that the probability of taking on this role is contingent upon experiential knowledge about the target region, as well as a rich knowledge base derived from a wide range of activities and a broad geographical scope. Our findings also show that possession of slack resources does not nece…
Fair trade and global cognitive orientation: a focus on Spanish fair trade consumers
2007
In the past few years, there has been an increase in the ‘ethical consumer’, characterized by more reflexive values like solidarity, social responsibility, multiculturalism and ecology. This idea has found support in the appearance and development of proposals like fair trade, along with others, such as responsible consumption, the recycling business or sustainable development. In a parallel way, also during the past few years, various analysts have pointed out that the phenomenon of globalization is changing not only the aspect of the world but also our way of perceiving it, which is progressively becoming a ‘global orientation’. In the framework of these two tendencies, this paper examine…
Is the influence of the industrial district on international activities being eroded by globalization?
2009
Abstract This study provides insight into the impact of industrial districts on the international activities of firms, in the particular context of one traditional manufacturing industry: the Spanish home-textile industry. Using a sample of 128 manufacturing firms, the paper shows how location influences the timing and levels of exports and imports. Moreover, our results demonstrate how these influences have been diluted in recent years as the home-textile industry becomes more involved in the global arena. Our findings challenge some key arguments exploring the advantages of the district in the international activities of firms; in particular, first, in questioning the capacity of the dist…
Internationalization of knowledge-intensive SMEs: The role of network relationships in the entry to a psychically distant market
2009
Abstract Current research emphasizes the role of extant network relationships in the international development of small- and medium-sized enterprises (SMEs). Inevitably, these relationships are there, most likely, to provide linkages with and facilitate entry into psychically and geographically close markets. But what of firms entering psychically distant markets, for strategic reasons, as is usually the case with knowledge-intensive SMEs? Will existing network relationships remain important, and will they operate in a similar way. In this exploratory case study, in which eight Finnish software SMEs enter the Japanese market, the decision to enter these markets is found to be for strategic …