Riding the storm out: the short- and long-term effects of export promotion on firm performance during an economic downturn
This study evaluates the short- and long-term impact of export promotion by focusing on a Spanish program to support beginning exporters. Based on the observations of 1884 firms over the period of 20052014, the findings demonstrate that the program had a positive impact on participants export and economic performance, and the effects were persistent. The paper concludes that focusing on export promotion towards SMEs and beginning exporters and ensuring a balanced mix of various forms of assistance is critical to the effectiveness and lasting effects of export promotion. It also shows that, during the recent great trade collapse starting in 2008, firms using this type of assistance outperformed firms in the control group and the national average regarding both export growth and survival rates. These results are encouraging regarding the countercyclical potential of export promotion. The findings have significant implications for scholars, managers and policymakers.
In this article, we describe the switch_probit command, which implements the maximum likelihood method to fit the model of the binary choice with binary endogenous regressors.
Future representations during transition into adulthood were investigated. 90 senior pupils from three different development contexts participated in the study, namely, respondents with diagnosis “infantile cerebral paralysis” (ICP), orphans, and normative adolescents. The “Purpose in life” scale (adapted by D.A. Leontiev) and essay “My future” were used. Longitudinal study included three measurements, when respondents were aged 15-16, 17, and 18. Two hypotheses were set up: the future representations content and dynamics depended on a) development context, and b) transition phase. The both hypotheses confirmed. The future representations have been becoming more negative in participants with ICP, contradictory and non-realistic in orphans, and positive and realistic in normative group during transition. In addition, future representations changes differed in the three groups very strong. In participants with ICP, the most intensive change was in phase between the first and second measurement, in normative group – in the end of the crisis, and in orphans the dynamics was all slowed.
This book is a theoretical, methodological and empirical study, the aim of which is the presentation and systematics of the scientific and practical output concerning selected thematic areas. The publication is a result of cooperation of the Cracow university of economics with the representatives of various Polish and foreign scientific centers and persons representing the economic practice.
The chapter deals with the ambiguities of informal entrepreneurial activity and its specific contextual framing under transition in Russia as an example of a fragile mid-income economy. It stresses the transition-specific reasons of its sustainability, contrary to the most current literature explaining it as a the Soviet heritage etc. (the 'path dependence' argument). The author uses the results of the two first waves of the own longitudinal survey of 13 Muscovite entrepreneurs and start-ups (2013-2014). The paper contains some policy recommendations.
The results of the analysis of the state of industrial small and medium-sized enterprises in EU-28 and Russia are presented. The measures are proposed to support and stimulate innovations in the SME sector, taking into account regional features.
This article is devoted to the issue of government export promotion activities (export support) available to the Russian companies and focused on removing (or mitigating) various economic barriers, which can prevent the enterprises from participation in the international trade. The article puts forward several objectives, which should be set by the government in order to achieve the most effective results in helping the firm develop its abilities and increase exports at any stage of internationalization. Besides the article contains a list of economic restrictive measures imposed by foreign governments against Russian products and provides certain recommendations concerning possible ways to improve the existing system of government export support.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.
портовый менеджмент, показатели деятельности, анализ эффективности, система учета, распределение издержек, методы анализа деятельности портовой системы
At present many industries reveal tendency for setting up of vertically integrated companies (VIC) the structure of which unites all technological processes. This tendency proved its efficiency in oil industry where coordination of all successive stages of technological process, namely, oil prospecting and production -oil transportation - oil processing - oil chemistry - oil products and oil chemicals marketing, is necessary. The article considers specific features of introduction of "personnel management" module at enterprises of oil and gas industry.
vertically integrated companies; personnel management