The impact of the economic crisis on the financial performance of multinational corporations

Zhao, Xin; Jiang, Xianling; Li, Zhaoyang

doi:10.1016/j.iref.2014.11.013

Cited by 10 publications

(11 citation statements)

References 18 publications

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“…These include the works by (Aytaç et al, 2015;Capello et al, 2015;Galbraith, 2012;Guttmann, 2015;Heinrich et al, 2016;Hieronymi, 2016;McMaster, 2015;Rodriguez et al, 2014;Zhao et al, 2015).…”

Section: Methodsmentioning

confidence: 99%

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Developing Countries as New Growth Poles of Post-Crisis Global Economy

Popkova

Meshkova

Karpunina

et al. 2016

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175This article is devoted to the search for a solution to overcoming the consequences of the global financial and economic crisis and the development of a post-crisis global economy. The purpose of this article is to determine perspectives and directions for the development of new growth poles in a post-crisis global economy and to develop tools for overcoming the consequences of the crisis and facilitating the global economic system entry into a new level of economic growth. The article uses the proprietary methodology for the calculation of "underdevelopment whirlpools, " which analyzes the dynamics of economic growth of the most prominent countries in this group and their ability to overcome "underdevelopment whirlpools" and transform into new growth poles for the global economy following the global financial crisis. The use of calculation tools for "underdevelopment whirlpools" determines the prospective of developing countries' transformation into new growth poles in a post-crisis global economy. China, Japan, Brazil, Russia, and India are such poles at present, and they will strengthen their positions in the near future. For this, the research offers the following perspective and directions for the development of new growth poles in a post-crisis global economy for the increase in rates and quality (stability and sustainability) of economic growth: an emphasis on the real sector development of the economy, realization of transnational cluster initiatives, and active creation and implementation of innovations into production. As tools for overcoming the consequences of the crisis and the global economic system entering a new level of economic growth, the author developed the mechanism of post-crisis global economy development. IntroductionOver several decades, the global economy has shown stable growth and development. However, despite positive forecasts, 2008 was marked by the global financial crisis, the consequences of which -unemployment, inflation, and reduction of economic growth -influenced even the most economically developed countries.At present, the global economic system is in postcrisis conditions. To overcome the current recession, it is necessary to reconsider traditional approaches to the provision of economic growth and search for new sources of growth. In this context, it is necessary to focus on the gradual restructuring trends of the global economy. Developing Countries as New GrowthPoles of Post-Crisis Global Economy ABSTRACT O110

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Section: Methodsmentioning

confidence: 99%

“…The author uses research materials by various authors in study of crises in economic systems as well as the sense and peculiarities of the global financial crisis that began in 2008, including (Aytaç, Rankin, & İbikoğlu, 2015;McMaster, 2015;Rodriguez, Turmo, & Vara, 2014;Zhao, Jiang & Li, 2015), among others.…”

Section: Literature Reviewmentioning

confidence: 99%

Developing Countries as New Growth Poles of Post-Crisis Global Economy

Popkova

Meshkova

Karpunina

et al. 2016

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“…In case of inbound deals in India, Reddy (2015) found that number and value of cross-border acquisitions have markedly declined both in continents and in industries around the crisis. Researchers across the globe investigated the impact of subprime crisis on the financial performance of the companies; Madaleno and Barbuta-Misu (2019) for non-financial firms from European countries, Yap, Mohamed, and Chong (2014) for Malaysian manufacturing companies, Lee, Chen, and Ning (2017) for Chinese companies, Kontogeorgos, Pendaraki, and Chatzitheodoridis (2017) for Greek Cheese companies, Zhao, Jiang and Li (2015) in Asia, Mahajan and Singh (2013) for Indian corporate sector and found mixed results. This article examined the effect of subprime crisis while empirically investigating the impact of M&As or corporate performance.…”

Section: Theoretical Constructmentioning

confidence: 99%

Role of mergers and acquisitions on corporate performance: emerging perspectives from Indian IT sector

Kar

Bhasin

Soni

2021

Transnational Corporations Review

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“…The Great Recession -adversely shaped the global and U.S. economies more universally than any economic downturn since the Great Depression‖ (Brooksbank, Subhan, Garland, & Rader, 2015;Rollins, Nickell, & Ennis, 2014, p. 2727Zhao, Jiang, & Li, 2015). Duffy, Northey and van Esch (2017) showed how the global financial crisis can contribute to -wicked problems‖ in the case of industries key to particular countries, using Iceland as an example.…”

Section: Marketers' Focus Post 2008 Financial Crisismentioning

confidence: 99%

Cultural Self-Identification within the Millennial Market: A Qualitative Examination

Thanos¹,

Clark²

2018

RES

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The goal of this study was to examine the degree of cultural self-identification among a sample of U.S. Millennials attending a New York City community college. A case study technique using personal interviews was employed, based on input from twelve Millennials in attendance at a large, public community college in New York City. The object was to explore participants’ knowledge regarding their cultural affiliations’ effects on ethnic food purchases and consumption. Results showed Millennials’ cultural self-identification with cultures differing from their original family background, as well as their knowledge of cultural pluralism. Participants tended to select ethnic foods from one culture above all other cultures. Findings from the present study buttress cultural pluralism as a segmentation method and can assist in development of marketing stratagem, while also furnishing an invaluable contribution to current literature.

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The impact of the economic crisis on the financial performance of multinational corporations

Cited by 10 publications

References 18 publications

Developing Countries as New Growth Poles of Post-Crisis Global Economy

Developing Countries as New Growth Poles of Post-Crisis Global Economy

Role of mergers and acquisitions on corporate performance: emerging perspectives from Indian IT sector

Cultural Self-Identification within the Millennial Market: A Qualitative Examination

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