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Dear friends and colleagues,
In case you have missed the last issue of the
Journal of East-West Business, allow me to pitch these four interesting and pertinent papers:
“Sanctions and Countersanctions Concerning the Russian Federation: The Czech Business Perspective”
by Vít Hinčica, Hana Řezanková & Grace Worcester
https://doi.org/10.1080/10669868.2020.1755407
Abstract
The goal of the paper is to assess how Czech businesses have been impacted by the sanctions and countersanctions and their opinions on the issue. Companies being members of
the Chamber of Trade and Industry for CIS Countries were addressed. From the surveyed companies that traded with Russia before 2014 and are currently engaged in trade with Russia, it was made evident that their overall attitude regarding the sanctions and
countersanctions is rather negative. The research shows that business sector in the Czech Republic feels strong effects from the sanctions and countersanctions and believes it would benefit from their removal.
“Economic Sanctions Disruption on International Trade Patterns and Global Trade Dynamics: Analyzing the Effects of the European Union’s Sanctions on Russia”
by June Borge Doornich & Andreas Raspotnik
https://doi.org/10.1080/10669868.2020.1830912
Abstract
Governments frequently use economic sanctions to influence or undermine the political actions or regimes of other countries. This case study of the economic sanctions imposed
by the European Union on the Russian Federation in response to the annexation of the Crimean Peninsula serves as an illustrative example that provides new, in-depth insights into the implications of economic sanctions for international trade patterns and global
trade dynamics. We conclude that sanctions negatively affect bilateral trade between the sanctioner and the target country, and that sanctions constrain the target country’s integration into the global economy.
“Russian Territories of Outrunning Development in Mono-Cities: Current and Prospective Opportunities for Foreign Investment into Manufacturing”
by Igor Gurkov, Alexandra Kokorina & Zokirzhon Saidov
https://doi.org/10.1080/10669868.2020.1769794
Abstract
The paper describes a new form of investment attraction recently introduced in Russia—territories of outrunning socio-economic development (TOSEDs). These initiatives provide
tax and other benefits to 20 territories in the Far East and to 90 cities in which a considerable number of jobs are concentrated in a single factory (mono-cities). Using secondary sources and interviews, we present the initial legislation for TOSEDs, the
evolution of the initial legislation, and the functioning of TOSED residents. We also identify several opportunities for foreign investors who have installed or intend to install their new manufacturing facilities in TOSEDs.
“Earnings Manipulation and Financial Distress in the Eurozone and the Role of Auditor Size during the Current Recession”
by Maria I. Kyriakou
https://doi.org/10.1080/10669868.2020.1848963
Abstract
This study aims to investigate the impact of financial distress on discretionary accruals, i.e. earnings manipulation, and the role of the Big4 or non-Big4 auditors during the
economic recession. The four biggest Eurozone countries (Germany, France, Italy and Spain) are examined using the generalized method of moments (GMM) methodology, and the years have been separated into pre-crisis and in-crisis periods based on the negative
and positive change in GDP, respectively. The findings suggest that earnings manipulation is prevalent in Italy for non-financial companies audited by both Big4 and non-Big4 auditors during the two periods.
I hope you enjoy reading!
J
Prof. Dr. Desislava Dikova
WU | Vienna University of Economics and Business | IB Institute
Head of Competence Center for Emerging Markets and CEE
Editor in Chief
Journal of East-West Business
Associate Editor
European Management Review
Associate Editor Journal of International Management
European International Business Academy
national representative (Austria)
Welthandelsplatz 1, D1, floor 5
A-1020 Vienna, Austria
phone: +43 1 313 36 / 5480; + 43 676 821 35 480
fax: +43 1 313 36 / 905015
http://www.wu.ac.at/iib/team/faculty/dikova