[PDF] The Impact Of Cultural Aversion On Economic Exchange eBook

Author : Raymond J. Fisman
Publisher :
Page : 35 pages
File Size : 46,77 MB
Release : 2014
Category :
ISBN :

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We study the impact of cultural aversion on international economic relations by analyzing market reaction to two major adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure decline disproportionately during each event window; Chinese companies with high Japanese exports similarly suffer relative declines. The effect on Japanese companies is concentrated in industries dominated by Chinese state-owned enterprises, where there is greater incentive and ability to intervene, while the negative impact on Chinese firms is primarily for consumer-focused companies. Our results suggest an important impact of cultural frictions on economic relations, and highlight that institutional context is important for understanding the mechanisms underlying this effect.

Author : Diana Ingenhoff
Publisher : Routledge
Page : 320 pages
File Size : 37,89 MB
Release : 2018-11-09
Category : Language Arts & Disciplines
ISBN : 135198442X

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Country image and related constructs, such as country reputation, brand, and identity, have been subjects of debate in fields such as marketing, psychology, sociology, communication, and political science. This volume provides an overview of current scholarship, places related research interests across disciplines in a common context, and illustrates connections among the constructs. Discussing how different scholarly perspectives can be applied to answer a broad range of related research questions, this volume aims to contribute to the emergence of a more theoretical, open, and interdisciplinary study of country image, reputation, brand, and identity.

Author : Thorsten Hens
Publisher : World Scientific
Page : 573 pages
File Size : 14,90 MB
Release : 2020-10-29
Category : Business & Economics
ISBN : 9811221960

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This book provides a comprehensive overview of the emerging field of cultural finance. It summarizes research results of cultural differences in financial decision making and financial markets. Many of the results have been published in leading academic journals over the last ten years but some are presented here for the first time. The book is based on an international survey on risk and time preferences — the INTRA study, conducted in 53 countries worldwide. Applications to financial markets include the equity premium puzzle, the value premium, dividend payout policies and asset allocations.

Author : Laura E. Grube
Publisher : Edward Elgar Publishing
Page : 480 pages
File Size : 23,73 MB
Release : 2015-06-29
Category : Political Science
ISBN : 0857931733

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This edited volume, a collection of both theoretical essays and empirical studies, presents an Austrian economics perspective on the role of culture in economic action. The authors illustrate that culture cannot be separated from economic action, but t

Author : Kristin Vekasi
Publisher : Routledge
Page : 199 pages
File Size : 11,92 MB
Release : 2019-06-14
Category : Business & Economics
ISBN : 0429557310

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In the context of political tensions and rising economic interdependence between Japan and China, this book studies how Japanese multinational companies try to minimize damages and manage their own fear and uncertainty to sustain their business interests. Using a qualitative approach, including over 150 interviews with Japanese and Chinese business and industry leaders, combined with statistical analysis of unique firm-level data, this book brings a ‘firm-level view’ to this crucial case of political conflict amid economic interdependence. It argues that there is wide variation in the degree of material damages Japanese multinationals sustain in the aftermath of political disputes, and how threatening they perceive the risks of political conflict to be. This book then goes on to evaluate the different responses to risk, from promoting Japan's culture through privately funded tactics and building common cause with the government, to diversifying a portion of assets abroad and even leaving China entirely. Presenting a new angle on economic globalization in the Asia Pacific region, Risk Management Strategies of Japanese Companies in China will be useful to students and scholars of Asian politics, business, and economics as well as international political economy.

Author : Virgil Storr
Publisher : Routledge
Page : 170 pages
File Size : 21,71 MB
Release : 2013-05-20
Category : Business & Economics
ISBN : 1136214119

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How does culture impact economic life? Is culture like a ball and chain that actors must lug around as they pursue their material interests? Or, is culture like a tool-kit from which entrepreneurs can draw resources to aid them in their efforts? Or, is being immersed in a culture like wearing a pair of blinders? Or, is culture like wearing a pair of glasses with tinted lenses? Understanding the Culture of Markets explores how culture shapes economic activity and describes how social scientists (especially economists) should incorporate considerations of culture into their analysis. Although most social scientists recognize that culture shapes economic behavior and outcomes, the majority of economists are not very interested in culture. Understanding the Culture of Markets begins with a discussion of the reasons why economists are reluctant to incorporate culture into economic analysis. It then goes on to describe how culture shapes economic life, and critiques those few efforts by economists to discuss the relationship between culture and markets. Finally, building on the work of Max Weber, it outlines and defends an approach to understanding the culture of markets. In order to understand real world markets, economists must pay attention to how culture shapes economic activity. If culture does indeed color economic life, economists cannot really avoid culture. Instead, the choice that they face is not whether or not to incorporate culture into their analysis but whether to employ culture implicitly or explicitly. Ignoring culture may be possible but avoiding culture is impossible. Understanding the Culture of Markets will appeal to economists interested in how culture impacts economic life, in addition to economic anthropologists and economic sociologists. It should be useful in graduate and undergraduate courses in all of those fields.

Author : Yushi Jiang
Publisher : Springer Nature
Page : 1906 pages
File Size : 11,21 MB
Release : 2023-05-11
Category : Business & Economics
ISBN : 9464630361

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This is an open access book. With the support of universities and the research of AEIC Academic Exchange Center, The 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022) will be held in Dali from June 24th to 26th. Compared with previous conferences, it will discuss more in-depth economic independent innovation, open cooperation and innovative business culture under the background of the new development stage, new situation and new journey era. There will be a broad exchange environment. Well-known experts, scholars or entrepreneurs in the field will be invited to make keynote reports. Contributing authors are also very welcome to actively participate in the conference and build an academic exchange ceremony.

Author : Lisa L. Martin
Publisher : Oxford University Press
Page : 672 pages
File Size : 15,58 MB
Release : 2015-03-27
Category : Political Science
ISBN : 0199981760

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The Oxford Handbook of the Political Economy of International Trade surveys the literature on the politics of international trade and highlights the most exciting recent scholarly developments. The Handbook is focused on work by political scientists that draws extensively on work in economics, but is distinctive in its applications and attention to political features; that is, it takes politics seriously. The Handbook's framework is organized in part along the traditional lines of domestic society-domestic institutions - international interaction, but elaborates this basic framework to showcase the most important new developments in our understanding of the political economy of trade. Within the field of international political economy, international trade has long been and continues to be one of the most vibrant areas of study. Drawing on models of economic interests and integrating them with political models of institutions and society, political scientists have made great strides in understanding the sources of trade policy preferences and outcomes. The 27 chapters in the Handbook include contributions from prominent scholars around the globe, and from multiple theoretical and methodological traditions. The Handbook considers the development of concepts and policies about international trade; the influence of individuals, firms, and societies; the role of domestic and international institutions; and the interaction of trade and other issues, such as monetary policy, environmental challenges, and human rights. Showcasing both established theories and findings and cutting-edge new research, the Handbook is a valuable reference for scholars of political economy.

Author : Karl L. Hutterer
Publisher : U OF M CENTER FOR SOUTH EAST ASIAN STUDI
Page : 337 pages
File Size : 16,97 MB
Release : 1978-01-01
Category : Social Science
ISBN : 0891480137

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Economic behavior is governed by two major sets of boundary conditions: environmental and technological factors on the one hand, and conditions of social organization on the other hand. Indeed, social scientists are often particularly interested in the framework of exchange relationships: exchange of goods, services, personnel, and information. Economic exchanges lend concrete manifestations to social relations that themselves may transcend the economic realm and that otherwise are often difficult to trace. Yet in social science research in Southeast Asia, the area of economic studies has lagged behind, despite the great study potential represented by the tremendous diversity of its physical and human environment. Economic Exchange and Social Interaction in Southeast Asia attempts to take advantage of that opportunity. As a number of the contributions to this volume show, many if not most of the systems organized on very different levels of integration interact with each other. Taken as a whole, they provide evidence of the incredible diversity of economic and social systems that may be investigated in Southeast Asia.

Author : John H. Cochrane
Publisher : Now Publishers Inc
Page : 117 pages
File Size : 30,22 MB
Release : 2005
Category : Business & Economics
ISBN : 1933019158

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Financial Markets and the Real Economy reviews the current academic literature on the macroeconomics of finance.