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Copyright of Management international / International Management / Gestiòn Internacional is the property of Management International and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Purpose: Empirical evidence of the value creation process through which internationalizing small and medium-sized enterprises (SMEs) develop international branding capability (IBC) to build a value-creating brand in international markets is incomplete. This research aims to investigate a theoretical framework for the determinants and outcomes of IBC in internationalizing SMEs. Design/methodology/approach: Using surveys of 519 internationalizing SMEs, this research empirically verified the antecedents to and effects of IBC on SMEs' value creation, which thus translates into superior performance. Furthermore, this research explores contextual factors influencing the value creation process in SME internationalization. Findings: Findings show that SMEs with strong international marketing resource orchestration (IMRO) and relational capability are more competent in developing IBC, which assists resource-constrained SMEs to create value, as manifested through international brand equity (IBE) and improved international performance. Moreover, environmental uncertainty enhances the interplay between IMRO, relational capability, and IBC, while new entrant pressure strengthens the relationship between IBC and IBE, and price competition pressure magnifies the impact of IBE on international performance. Originality/value: Our study pioneers conceptualization of the value creation process through which SMEs develop IBC to build value-creating brands in international markets, overcoming the liabilities of smallness and outsidership. [ABSTRACT FROM AUTHOR]

Copyright of Dilemas Contemporáneos: Educación, Política y Valores is the property of Dilemas Contemporaneos: Educacion, Politica y Valores and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Canadian Journal of Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research is about the role of Export Market Orientation as mediation of Entrepreneurship Orientation and Learning Orientation on Export SME Performance in Indonesia. The main phenomenon is the total contribution of non-oil and gas exports (SMEs) which has a tendency to stagnate or even decrease since 2015 of 15.73%, then in 2019 it becomes 14.38%, far from the target set by the government at 17%, this is due to the lack of Indonesian UKM products interested in the global market. This causes the products of Indonesian SMEs to be unable to compete with SMEs of other countries in terms of export earnings. There are many factors that can cause this to happen, such as: lack of good standardization, many entrepreneurs only cater to the domestic market because they do not understand how to export, limited competent human resources and lack of access to financial institutions. Due to the limitations of the research model, especially those studying exports in developing countries, research using a quantitative approach with the SEM-PLS data analysis method is considered appropriate. The choice of the SEM-PLS method, because this research is predictive in nature, will of course be able to better represent the research model. In this study, there were 84 SMEs respondents who were registered with the Ministry of SMEs and Cooperatives. The results revealed that export market orientation had an effect as a mediating relationship between learning orientation and the performance of export SMEs, however, in an indirect relationship between entrepreneurial orientation and export performance, the mediating role of export market orientation not significant. This confirms that information related to export data needs good collaboration between company owners and employees. [ABSTRACT FROM AUTHOR]

The present study addresses the limited discussion on the equity market in the Middle East and North African region (MENA) concerning the spill-over effects from international equity markets. By employing time series techniques, we examine the integration and causality of interdependencies among five major stock exchange markets worldwide: USA, UK, Malaysia, Hong Kong, and Japan, along with their relationship with the Egypt Stock Exchange market. Spanning from March 1998 to January 2018, our study uniquely considers the interaction between developed and developing countries. Our cointegration findings reveal the limitations of international diversification for investors with long holding periods. We highlight the importance of seeking non-co-integrated markets, such as Malaysia and Hong Kong, which were found to be insignificant in this study, for investors aiming to diversify their portfolios and explore interesting long and short-term investment opportunities. [ABSTRACT FROM AUTHOR]

The expectile-based Value at Risk (EVaR) has gained popularity as it is more sensitive to the magnitude of extreme losses than the conventional quantile-based VaR (QVaR). This paper applies the expectile regression approach to evaluate the EVaR of stock market indices of Australia and Japan. We use an expectile regression model that considers lagged returns and common risk factors to calculate the EVaR for each stock market and to evaluate the interdependence of downside risk between the two markets. Our findings suggest that both Australian and Japanese stock markets are affected by their past development and the international stock markets. Additionally, ASX 200 index has significant impact on Nikkei 225 in terms of downside tail risk, while the impact of Nikkei 225 on ASX is not significant. [ABSTRACT FROM AUTHOR]

By examining the econometric interrelationships of rice export prices of India, Thailand, Vietnam, Pakistan, the U.S. Argentina, Brazil, and Uruguay, this study examines the most influential rice-exporting countries in the international rice export market. The sampled countries are the source of more than 80% of the global rice exports. In the process, this study relies on online data portals of the United Nations and country-level sources for aromatic and non-aromatic rice export price information from India, Pakistan, and Thailand. This study employed the Prais-Winsten and Autoregressive Distributive Lag (ARDL) estimation processes with the error correction procedure. Combining the findings from both models, this study concludes that in terms of interactions, the non-aromatic long-grain rice price of the U.S. and the aromatic rice price of Pakistan are the most correlated prices in the international rice market. Considering the number of countries influenced by the price of a given country, our results indicate that Vietnam is the price leader in the non-aromatic long-grain market, followed by Argentina, Brazil, and India. India, the largest exporter, is the fourth top price leader. In the case of aromatic rice, Thailand is the absolute leader. Many countries in Asia and Africa rely on rice imports to meet domestic demand, where the food security situation is already precarious. Based on the findings, this study suggests closely monitoring rice production and export trends of Vietnam, Argentina, Brazil, India and Thailand to provide early warning when necessary to better manage supply shocks in the international rice market. [ABSTRACT FROM AUTHOR]

Moratorium is a common marine resource management strategy used by nation‐states that abruptly reclassifies the harvesting and trade of designated resources as 'illegal' for a defined period. Nation‐states use moratoria to help ecological stocks of overharvested marine species to recover. The Fijian state instituted a moratorium on the harvest and trade of beche‐de‐mer between 2017 and 2022 due to evidence of overfishing. Through ethnographic fieldwork with Fijian beche‐de‐mer fishers, traders and exporters, I examine how the moratorium affected relational trade flows of beche‐de‐mer. In precolonial Fiji, marine resources flowed through historically established regional socio‐cultural pathways. During the colonial period, Chinese migrants in Fiji occupied a unique relational positionality to indigenous (itaukei) communities, which allowed them bridge domestic and international resource markets. Through my ethnographic fieldwork, I detail how beche‐de‐mer continued to be traded during and post moratorium within such a relational resource geography. I argue that the relational ties between itaukei communities and Chinese‐Fijian buyers that subsequently connect to international markets undermined the moratorium restrictions, as well as the new conditionalities of trade after the moratorium was lifted. Such relationality in the marine resource trade renders moratoria an ineffective marine resource management strategy as it is inattentive to Pacific context. [ABSTRACT FROM AUTHOR]

The energy transition is initiating long-term oil market trends that look likely to undermine the strategic importance of oil-producing countries for the US government. The trends suggest US voters and future US administrations will be less exposed to price swings and other risks in the global oil market. Diminishing risk exposure, in turn, reduces imperatives for US policymakers to spend so heavily on security provision in the Persian Gulf, or to resolve diplomatic rifts with major producers such as Saudi Arabia. Saudi policy changes since 2016, and the reduced willingness to use spare production capacity in ways that benefit Washington, may have amplified a pre-existing appetite for such a downgrade. [ABSTRACT FROM AUTHOR]

This study examines the systemic risk caused by major events in the international energy market (IEM) and proposes a management strategy to mitigate it. Using the tail-event driven network (TENET) method, this study constructed a tail-risk spillover network (TRSN) of IEM and simulated the dynamic spillover tail-risk process through the cascading failure mechanism. The study found that renewable energy markets contributed more to systemic risk during the Paris Agreement and the COVID-19 pandemic, while fossil energy markets played a larger role during the Russia-Ukraine conflict. This study identifies systemically important markets (SM) and critical tail-risk spillover paths as potential sources of systemic risk. The research confirms that cutting off the IEM risk spillover path can greatly reduce systemic risk and the influence of SM. This study offers insights into the management of systemic risk in IEM and provides policy recommendations to reduce the impact of shock events. [ABSTRACT FROM AUTHOR]

This study, which aims to analyze the causes of Cameroon's permanent dependence on rice imports, is inspired by the observation that the expense linked to rice imports has a very negative influence on the Cameroonian trade balance; however, the country produces rice which is mainly exported to certain neighboring countries. To carry out this study, the objectives were set to analyze the marketing channels of Cameroonian rice, and to identify the factors that favors rice consumption. The target populations are traders and consumers of rice in Cameroon. The regions covered are those of the Far North, North, and Center, which produce most of the rice in Cameroon. To collect data in the field, questionnaires and interview guides were developed. As for the traders, an interview guide was used to collect information, after carrying out a categorization. For this purpose, local wholesalers of paddy rice, foreign wholesalers of paddy rice, foreign wholesalers of processed rice, retailers of markets close to production areas, local wholesalers of processed rice, wholesale retailers, supermarkets, and shopswere identified. At the consumer level, populations residing in production areas, populations in metropolises close to production areas, and populations in metropolises far from production areas were identified. The data collected was analyzed using software such as SPSS and Excel spreadsheet. The tables and figures made it possible to clearly present the results, and thus facilitate their interpretation. It therefore appears that wholesalers of paddy rice who sell it directly to foreign buyers, making a gross margin for an 80 kg bag which varies between 2,000 and 3,000 FCFA, while those who process before reselling on the local market make barely a margin of 500 FCFA. In addition to this observation, we observe that wholesalers of processed rice who sell their products in metropolises far from the production basins have a gross margin which is completely double that observed in the metropolises close to the production basins; which is justified by the presence of intermediaries, and the transport costs necessary to ensure the transition of rice from production areas to consumption centers. The results show that 43.2% of Cameroonians consume on average 1 kg of rice per day; but unfortunately, most are not aware of the existence of locally produced rice, and even those who are aware of it cannot easily find it on the market. In the metropolises of the southern zone of Cameroon, for example, we have around 50% of the population who are not aware of the fact that there is rice produced in Cameroon, 30% of the population who are informed but never had the opportunity to consume it. In view of all these parameters, Cameroonian rice is oriented primarily towards neighboring countries which are closer to the production basins, while the country continues to import rice from outside to satisfy the needs of its populations. [ABSTRACT FROM AUTHOR]

The article explores the rise of green advertising and sustainability marketing in response to global environmental concerns. It discusses the organizations and regulations involved in sustainability, such as the United Nations, the Federal Trade Commission, and the Environmental Protection Agency. The article also examines recent lawsuits and proposes a framework for evaluating sustainability claims in marketing. It emphasizes the importance of crafting honest and fair sustainability advertising and considers the perspectives of consumers, businesses, and regulators. The text provides insights into the complexities and challenges of sustainability marketing and highlights the need for clear and objective frameworks to evaluate sustainability claims. It discusses the role of government agencies in addressing sustainability marketing and greenwashing, as well as the need for accurate information and objective analysis. The article also discusses the use of the terms "sustainable" and "sustainability" in various contexts and highlights the need for transparency and legal compliance. It discusses two lawsuits involving Coca-Cola and BlueTriton Brands, focusing on issues such as plastic pollution, fossil fuel usage, and water resource depletion. The article proposes a framework for evaluating sustainability claims and emphasizes the importance of reasonableness and transparency. It also highlights the need for ongoing sustainability conversations and engagement with consumer expectations. The text suggests that the Federal Trade Commission should include sustainability in its Green Guides and emphasizes the distinction between the Green Guides and the Securities and Exchange Commission's climate risk disclosure rules. The article proposes language for sustainable guidance and calls for a balanced approach that encourages positive environmental efforts while providing guidance for stakeholders. The proposed sustainability analysis and guidance [Extracted from the article]

This study focuses on the specific case of Albanian firms operating in the fashion industry and examines the significance of the "Made in Albania" label in their internationalization endeavors. It seeks to analyze the challenges and opportunities these firms encounter throughout the internationalization process, shedding light on the dynamics of the global fashion market. Multiple case studies are used in this investigation, focusing on Albanian firms that brand their products with the "Made in Albania" label. By employing a qualitative research approach, this study aims to provide an understanding of the factors influencing the internationalization efforts of these firms. Through in-depth interviews, document analysis, and on-site observations, the research explores the strategic decisions made by these companies in leveraging their national identity for global success. The findings of this research contribute to both academic discourse and practical insights for businesses seeking to investigate the complexities of internationalization. By analyzing the multifaceted nature of the "Made in Albania" label's impact, this study offers valuable recommendations for policymakers, industry stakeholders, and business leaders aiming to enhance the global competitiveness of Albanian firms in the fashion sector. The integration of these elements not only adds value but also reinforces the cultural authenticity of Albanian fashion. [ABSTRACT FROM AUTHOR]

Copyright of Comparative Economic Research is the property of Wydawnictwo Uniwersytetu Lodzkiego and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The present study builds on Social Capital as a construct related to the biased preference for the global, represented by intention to purchase a global brand and xenocentrism in Brazil. Survey data were analyzed using Structural Equation Modeling, regression for mediating effects, completed by latent class analysis to better comprehend the phenomenon. Results suggest that social ties and networked relationships are stimuli for global brand preference bias through three heterogeneous profiles in a developing country when mediated by xenocentrism and extension of the self. The study advances knowledge of international marketing and social capital literature. Theoretical and practical implications are discussed. [ABSTRACT FROM AUTHOR]

This paper quantitatively investigated the historical transition of return transmission, volatility spillovers, and correlations between the US, UK, and Japanese stock markets. Applying a vector autoregressive (VAR)-dynamic conditional correlation (DCC)-multivariate exponential generalized autoregressive conditional heteroscedasticity (MEGARCH) model, we derived new evidence for four historical periods between 1984 and 2024. First, we found that the return transmission from the US to the other markets has historically become stronger, whereas recently, the return transmission from the UK to the US has disappeared. Second, we clarified that volatility spillovers from the US to the other markets have historically become stronger, whereas recently, volatility spillovers from the UK to the US have also disappeared. Third, our analyses of the historical constant correlations and DCCs revealed that stock market connectedness has gradually tightened between the US and Japan and between the UK and Japan, whereas recently, the connectedness between the US and UK has weakened. Fourth, our VAR-DCC analyses also revealed that volatility spillovers between the US, UK, and Japanese stock markets have been asymmetric. Fifth, we further showed that the skew- t errors incorporated into our VAR-DCC model are effective in estimating the dynamic stock return linkages between the US, the UK, and Japan. Finally, based on our findings, we derived many significant and beneficial interpretations and implications for historically and deeply considering return transmission, volatility spillovers, and DCCs between international stock markets. [ABSTRACT FROM AUTHOR]

Copyright of JBES: Brazilian Journal of Health Economics / Jornal Brasileiro de Economia da Saúde is the property of JBES: Brazilian Journal of Health Economics and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The pandemic caused by the novel coronavirus COVID‐19 has impact the economies of countries across the world. In a short period of time, researchers have begun to analyse the effect of the pandemic on global stock markets. Although the most known measurements of COVID‐19 are the number of new cases and deaths, there are more robust indicators. In particular, the effective reproductive number is one of the most important indicators to analyse the pandemic which indicates the degree to which the spread is under control. In this paper, we assess the impact that the Effective Reproductive Number (Rt) has on 26 countries around the world (32 stock market indexes) comparing the performance of various forms of Generalized AutoRegressive Conditional Heteroskedasticity models. The results demonstrate that of the 32 stock markets analysed, 37.5% had a negative effect with respect to Rt and only in 12.5% of the cases was the effect of the variation of Rt positive. This implies that in more than a third of the stock markets analysed as the pandemic progressed uncontrolled the result was a decrease in the value of the market index. The 11 of the 26 countries analysed had a negative and significant effect (Brazil, Germany, Indonesia, Israel, Italy, Japan, Russia, South Korea, Sweden, Taiwan, and United States). Findings suggest that the Effective Reproductive Number volatility had a significant impact on 10 of the 26 countries analysed (38.5%) (Australia, Brazil, Canada, China, India, Italy, Mexico, Russia, Singapore and United Kingdom). [ABSTRACT FROM AUTHOR]

Using a diagonal BEKK model, this paper estimates a spillover effect from the international crude oil market to the Korean stock market. Empirical results suggest that shocks and volatility in Dubai oil prices are significantly transmitted into twenty portfolios of the Korean stock market. Also, it was found that these spillover effects dramatically rose during the year 2020, when the threat of COVID-19 was the most serious. More specifically, oil-oriented portfolios, such as the power and gas firms' portfolio and chemical firms' portfolio, had a greater spillover effect from the international crude oil market rather than other portfolios. Further, compared to larger-capitalization firm portfolios, small-capitalization firm portfolios had a relatively greater spillover effect. Several implications and important avenues for further research are identified. [ABSTRACT FROM AUTHOR]

This study investigates the impact of green equity indices on global market dynamics using a time-varying parameter vector autoregression (TVP-VAR) model. We uncover a significant shift in the role of the global market, transitioning from a shock transmitter to a shock receiver, as the influence of green finance grows. By directly comparing green equity indices with their corresponding global parent indices, we adopt a global perspective that transcends the limitations of studies focusing on specific regions, such as the USA, China, or Europe. This novel approach minimizes the potential biases in the transmission channels within regional markets, enabling a more comprehensive understanding of the relationship between green finance and global market dynamics. Moreover, by focusing on equity indices we ensure a consistent comparison of financial instruments, avoiding the complexities that arise when comparing different asset classes such as green bonds and conventional equities. For global investors, our results highlight the importance of dynamic and flexible hedging strategies that adapt to the distinct characteristics of green assets and their growing influence on the global market. Risk managers should incorporate these time-varying spillover effects into their models to better assess and mitigate potential risks. Policymakers should consider the growing influence of green finance on the broader market when formulating regulations and incentives to support sustainable investing, as our findings underscore the increasing importance of this sector in shaping market dynamics. [ABSTRACT FROM AUTHOR]

Financial well-being—the evaluation of current personal finances and expectations for the financial future—has gained attention in research, practice, and policy. Yet, there is no consensus on its conceptualization or its operationalization. The authors contribute to this area of research by proposing a conceptual framework and reassessing a measure used in data on subjective financial well-being from 16 countries. The findings highlight methodological concerns in international marketing studies and show not only financial well-being but also its measures to be context dependent. Furthermore, although many studies use unidimensional financial well-being measures, some conceptualizations have at least two components: a current and a future element. The authors analyze the effects of individual and contextual factors on current and future financial well-being and explore their possible interaction. They observe income to be a significant predictor of both components of financial well-being, while institutional settings are correlated with current financial well-being and national culture with future financial well-being. They conclude that initiatives aimed at increasing financial well-being need to clearly target either its current or its future component as their antecedents differ. [ABSTRACT FROM AUTHOR]

Does collectivism influence an individual's willingness to trust others? Conflicting empirical results from previous research and the role of trust in international marketing make this question important to resolve. The authors investigate this question across cultures and at the individual level with four studies using multiple methods. Study 1 establishes correlational evidence between societal-level collectivism and individual-level trust propensity with results from a multilevel analysis of data from over 6,000 respondents in 36 countries. Study 2 offers an individual-level analysis using the trust game, introducing a more rigorous behavioral outcome variable. Study 3 contributes causal evidence at the individual level based on experiments in both the United States and China and offers evidence of social projection as the explanatory mechanism. Finally, Study 4 demonstrates managerial relevance by using advertising to prime collectivism and assessing its effect on trust in the firm. [ABSTRACT FROM AUTHOR]

We show that constraints on using leverage for foreign positions can act as an international investment barrier. Guided by an international CAPM with leverage constraints, we use observed stock prices to measure the variation in the magnitude and the implicit cost of such cross-border funding barriers. Our measure helps explain the dynamics of global market integration and, in particular, its reversals documented in the literature, but not explained by other international investment barriers. We confirm our results using alternative financial integration measures, international capital flows, and institutional portfolio holdings. [ABSTRACT FROM AUTHOR]

Despite being one of the world's primary producers, Indonesia faces challenges in increasing mango exports. The government has been promoting mango exports to boost economic growth in the agricultural sector. The purpose of this study is to identify opportunities and challenges that are associated with increasing mango exports from Indonesia. We conducted a qualitative assessment through in-depth interviews with 20 Indonesian mango exporters and government officials, to identify opportunities and challenges associated with increasing mango exports from Indonesia. Our findings reveal that the physical qualities demanded by export markets do not significantly differ from those required by modern domestic markets. We also found that despite global mango markets typically favouring red and yellow mango, there is potential for Harumanis, a sweet green mango variety primarily grown in Indonesia, to be exported to East Asia and several Eastern European countries, which also do not require strict non-physical requirements for imported mangoes. However, the shortage of export-quality mangoes from the on-farm level hinders this effort, together with the lack of advanced postharvest and logistics management, and the absence of quality certification. We recommend to improving physical quality and meeting non-physical requirements, such as certification, at every level of the mango industry value chain. [ABSTRACT FROM AUTHOR]

Wheat market integration between the US and the UK before the "first era of globalization" (in the second half of the nineteenth century) was frequently interrupted by policy and "exogenous" events such as wars. This paper adds Canada to this story by looking at trade and price data, as well as contemporary debates. This allows us to triangulate the role of policy and wars, since Canada as a small open economy was part of the British Empire. We find that, despite its privileged access to British markets, Canada faced similar barriers to the US, suggesting that membership of the British Empire provided only a modest benefit to trade. We also describe the limitations she faced accessing the US market, in particular after American independence. [ABSTRACT FROM AUTHOR]

International trade in table grapes is expanding rapidly, with Peru overtaking South Africa as the second-largest exporter from the Southern Hemisphere behind Chile. The primary objective of the study was to the determine whether South Africa, with 75% of its exports destined for Europe, will be negatively affected by changes in Peru and Chile's export orientation. This question is addressed by breaking it down into four key factors. The first is the role of policy by applying Anderson et al.'s (2006) empirical framework of nominal rate of assistance (NRA) followed by measures of competitiveness, namely relative trade advantage (RTA), normalised revealed comparative advantage (NRCA) and the logarithmic relative export advantage (InRXA). The last two measures – indirect freight cost and trade barriers - zoom in on trade from one country to a specific destination. The results and discussion highlight that Peru, operating in close to a zero-distorted environment, has the potential to increase its competitiveness in the global table grape market. Whilst South Africa's table grape exporters also have this potential, given the advantages of a depreciating rand, broader and more favourable market access outside the EU and UK is paramount. [ABSTRACT FROM AUTHOR]

The rice cultivar ‘Baekokhyang,’ a high-quality late maturing aromatic rice developed by Chungcheongnam-do Agricultural Research and Extension Services, was developed to cope with rising temperatures due to global warming and the market demand for various rice cultivars. ‘Baekokhyang’ was derived from a cross between ‘Ungwang,’ a multi-disease-resistant early-maturing rice cultivar as the maternal parent, and ‘Okhyangheugchal,’ an aromatic black rice as the paternal parent. Subsequently, a pedigree breeding method was used and yield trials were conducted from 2017 to 2018, followed by local adaptability tests from 2018 to 2019. ‘Baekokhyang’ is a late-maturing rice cultivar with the heading date of August 25th, demonstrating a slower maturation tendency compared to other medium-maturing cultivars, and this trait enables it to be ripened at an appropriate temperature after the heading date. ‘Baekokhyang’ exhibited tolerance to lodging, indicating high cultivation stability and more grains per panicle than ‘Samgwang. ’ Yield of milled rice was approximately 6.42 MT/ha under normal fertilizer levels in the local adaptability tests, which was 0.38 MT/ha higher than that of ‘Samgwang’. Additionally, the weight of 1,000 brown grains was 26 g which was 4.4 g heavier than that of ‘Samgwang’. The width/length ratio was 1.97, indicating the characteristic of long grains.The new rice cultivar ‘Baekokhyang’ is expected to enhance the competitiveness of rice production in Chungnam Province by diversifying the rice market which is currently dominated by non-glutinous and short-grain rice (Registration No. 8608). [ABSTRACT FROM AUTHOR]

Research background: Conventional CAPM is a well-known and tested theory on various capital markets. It was also repeatedly rejected as a model of capital pricing. This article proposes a different approach to both CAPM testing and the use of other risk measures. In addition, research is global, including emerging countries. Purpose of the article: This paper investigates the standard CAPM, and this model is based on higher moments of the return distribution for the global emerging market. In addition, this paper aims to compare the conventional and downside CAPM versions using the beta coefficient and co-moments. Methods: Contrary to the classical unconditional tests for the risk premium, conditional relationships are also estimated considering the market portfolio condition. Moreover, the studies considered conventional and downside approaches to risk measures. The cross-sectional regressions are based on the Fama-MacBeth (F-M) procedure and panel models. Findings & value added: The findings contribute to the debate on whether beta coefficient and higher order co-moments in conventional and downside approaches can explain the crosssectional emerging indices returns. The unconditional models using all measures do not significantly describe the cross-sectional volatility of returns. The cross-sectional regressions in up and down-market based on both the classic F-M procedure and panel models show that the beta and co-kurtosis risk premium is significant and depends on market conditions. The risk premium for co-skewness is not valid, and the direction of the relationships is opposite than expected. Research also demonstrates that the test results of CAPM relationships are not robust to the presence of outliers and shocks resulting from the Covid-19 pandemic in the context of risk-return space. Research provides strong support for the importance of downside risk in the context of standard CAPM and, above all, higher co-moments. [ABSTRACT FROM AUTHOR]

The nutrient composition of plant-based burgers is a key factor when making their purchase/consumption decision to maintain a balanced diet. For this reason, ingredient list and nutritional information of burgers launched in the global market were retrieved from their labels. Products were classified based on the technology development, market position and region of the manufacturer. From the ingredient analysis, we observed a high heterogeneity in the ingredients used, a predominance of soy and wheat as main sources of proteins, and the increasing use of new protein sources (e.g. peas, other types of beans and pseudo-cereals). Oil was the most cited ingredient followed by salt. Nutritional composition varied mainly depending on the region with no clear pattern among countries. To less extent, technology development resulted in traditional products with lower amounts of protein and higher amounts of carbohydrates. Vegan and vegetarian products showed limited differences due to the high intra-heterogenicity. [ABSTRACT FROM AUTHOR]

The connectedness of stock markets is inevitable because of the rapid increases in global financialisation, financial liberalisation, and integration of national economies. This study therefore increases the number of stock markets included in the LASSO-VAR model to separately estimate the connectedness of the daily-frequency market returns and volatility of a sample comprising 50 selected stock markets between 2011 and 2021. We observe that the total connectedness index changes substantially over time, exhibiting the highest change during market turbulences, i.e., the beginning of COVID-19. We also show that the transmission of shocks originates from most European markets and then impacting Asian–Pacific markets, although their intensities exhibit significant time variations. Finally, we find that macroeconomic news and uncertainties are drivers of total connectedness, while directional total connectedness is mainly driven by global rather than domestic factors. [ABSTRACT FROM AUTHOR]

Regarding the huge negative effects of the COVID-19 pandemic on the tourism market of the US, we investigate the persistent degree of the shocks to three markets: overseas, Canada, and Mexico. To measure persistence degree and its dynamics, we apply the Fourier quantile unit root test and rolling-window indirect inference estimators. Overall results indicate (i) negative shocks to the US' tourist markets have more long-lasting effects than positive ones, (ii) degree of persistence of all three markets increased due to the COVID-19 pandemic, and (iii) Canada tourist marker displays more persistence behaviour than the other two markets. [ABSTRACT FROM AUTHOR]

Copyright of Serbian Journal of Management is the property of Serbian Journal of Management and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Motivated by the trend that a gray market such as overseas shopping is thriving on E-commerce platforms, this paper investigates the impacts of the gray market on global supply chain management. We consider a multinational firm (MNF) that outsources product manufacturing to a contract manufacturer (CM) in China and sells products in both the China market and overseas market. Owing to the price gap between the two markets, gray firms may purchase products in the low-price market and compete with the MNF in the high-price market. We build MNF-led Stackelberg game models under the two cases where the wholesale price between the CM and MNF is exogenously given or endogenously set by the CM. We also consider the impacts of China's partial value-added tax (VAT) refund policy and consumers' valuation discount for gray products. Our analysis shows that the gray market emerges if the two markets are highly asymmetric in size. Moreover, the gray market is more likely to emerge with lower values of valuation discount, substitutability, and VAT loss. We find that both the MNF and CM may be better off with the emergence of the gray market. When the gray market does not emerge but poses a threat, the MNF strategically adjusts her global pricing strategy to prevent the gray market. In this case, the threat of the gray market always hurts the MNF and CM under exogenous wholesale price, but may improve the MNF's profit under endogenous wholesale price, since the CM is motivated to lower wholesale price to restore demand. [ABSTRACT FROM AUTHOR]

We develop a model of inter-temporal and intra-temporal price discrimination by monopoly airlines to study the ability of different discriminatory pricing mechanisms to increase efficiency and the associated distributional implications. To estimate the model, we use unique data from international airline markets with flight-level variation in prices across time, cabins, and markets and information on passengers' reasons for travel and time of purchase. The current pricing practice yields approximately 77% of the first-best welfare. The source of this inefficiency arises primarily from private information about passenger valuations, not dynamic uncertainty about demand. We also find that if airlines could discriminate between business and leisure passengers, total welfare would improve at the expense of business passenger surplus. Also, replacing the current pricing that involves screening passengers across cabin classes with offering a single cabin class has minimal effect on total welfare. [ABSTRACT FROM AUTHOR]