scholarly journals Innovation and Trade Policy Coordination: The Role of Firm Heterogeneity

World Economy ◽  
2015 ◽  
Vol 38 (8) ◽  
pp. 1205-1224 ◽  
Author(s):  
Antonio Navas ◽  
Davide Sala
Keyword(s):  
Trade Policy ◽  
Firm Heterogeneity ◽  
Policy Coordination

scholarly journals Firm Heterogeneity and Trade-Policy StancesEvidence from a Survey of Japanese Producers

2017 ◽  
Vol 19 (1) ◽  
pp. 1-40 ◽  
Author(s):  
Michael Plouffe
Keyword(s):  
Trade Policy ◽  
Firm Heterogeneity ◽  
International Political Economy ◽  
Policy Reform ◽  
Foreign Markets ◽  
Know How ◽  
Wide Range ◽  
Trade Politics ◽  
The Relationship

AbstractRecent research in international political economy has begun to explore the implications of producer heterogeneity for trade politics. Variations in productivity and size lead to systematic variations in market behaviors, especially with respect to firms’ abilities to engage foreign markets. This heterogeneity similarly leads to systematic variations in policy stances: Highly productive firms are more likely to favor trade liberalization than their less productive counterparts. I test the role of firm heterogeneity on trade-policy stances using original and representative survey data of Japanese manufacturers. I find that highly productive firms are more likely to favor liberalization than others, while a large portion of producers is indifferent to trade-policy reform. Other producers do not know how they would be impacted by liberalization; these tend to be smaller than their counterparts. The relationship between productivity and pro-trade attitudes is robust, even when controlling for a wide range of internationalization modes.

scholarly journals The Role of Internal Control in Firms’ Coping with the Impact of the COVID-19 Pandemic: Evidence from China

2021 ◽  
Vol 13 (11) ◽  
pp. 6294
Author(s):  
Peiqing Zhu ◽  
Jianbo Song
Keyword(s):  
Internal Control ◽  
Manufacturing Industry ◽  
Firm Heterogeneity ◽  
Negative Impact ◽  
Risk Prevention ◽  
High Tech ◽  
Obvious Effect ◽  
The Difference ◽  
The Impact

Internal control plays a role in risk prevention for firms when dealing with serious emergencies, which ensures the sustainable development of firms during a crisis. Based on the rapid outbreak of COVID-19 in China, this paper empirically tests whether internal control alleviates the negative impact of the pandemic on firm performance. Using a sample of Chinese listed firms from the first quarter of 2019 to the third quarter of 2020 and employing the difference-in-difference (DID) method, we find that the firms with a higher quality of internal control achieve better financial performance during the pandemic period; the more serious the pandemic is, the more obvious effect internal control plays. Furthermore, we consider the industry heterogeneity and firm heterogeneity of the risk resistance effect of internal control. In the manufacturing industry, which is a “disaster zone” of the pandemic, and the non-high-tech industry with a low degree of digitization, internal control can play a more important role in firms’ performance. Moreover, for state-owned enterprises, and firms with strong financing constraints, the role of internal control is more prominent. The above results provide empirical evidence for the risk prevention function of internal control and shed new light on the measures for firms to resist emergencies in the future.

How Can Economic Interests Influence Support for Free Trade?

2012 ◽  
Vol 66 (2) ◽  
pp. 311-328 ◽  
Author(s):  
Benjamin O. Fordham ◽  
Katja B. Kleinberg
Keyword(s):  
Trade Policy ◽  
Free Trade ◽  
Well Being ◽  
Economic Interests ◽  
Policy Attitudes ◽  
Self Interest ◽  
Close Relationship ◽  
Direction Of Causation ◽  
Complete Account

AbstractRecent research on the sources of individual attitudes toward trade policy comes to very different conclusions about the role of economic self-interest. The skeptical view suggests that long-standing symbolic predispositions and sociotropic perceptions shape trade policy opinions more than one's own material well-being. We believe this conclusion is premature for two reasons. First, the practice of using one attitude to predict another raises questions about direction of causation that cannot be answered with the data at hand. This problem is most obvious when questions about the expected impact of trade are used to predict opinions about trade policy. Second, the understanding of self-interest employed in most studies of trade policy attitudes is unrealistically narrow. In reality, the close relationship between individual economic interests and the interests of the groups in which individuals are embedded creates indirect pathways through which one's position in the economy can shape individual trade policy preferences. We use the data employed by Mansfield and Mutz to support our argument that a more complete account of trade attitude formation is needed and that in such an account economic interests may yet play an important role.1

TRANSFORMATION OF FOREIGN TRADE POLICY AMID THE COVID-19 PANDEMIC

2021 ◽  
pp. 74-82
Author(s):  
Vladimir M. Kutovoi ◽  
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
National Security ◽  
Economic Crisis ◽  
Foreign Investment ◽  
International Investment ◽  
Investment Climate ◽  
Foreign Trade Policy ◽  
Investment Policies

The ongoing coronavirus pandemic has seriously affected the international investment policies of the G20 countries. There has been a growing trend to introduce measures with reference to the protection of national security aiming at countering threats that may be associated with foreign investment. Given the role of international investment in alleviating the economic crisis, governments should continue to improve the investment climate while protecting their national security interests.

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