Impact Of Regulatory Environment Research Articles

An inquiry into the effect of trade facilitation on China's digital product exports to countries along the "Belt and Road"

We assess the trade facilitation level of 141 countries involved in the "Belt and Road" by constructing 4 primary indicators and 18 secondary indicators, and use the trade gravity model to explore its impact on China's digital product exports. The research results show that the overall level of trade facilitation is relatively low, and there is still plenty of room for improvement. The estimation results show that trade facilitation does improve the performance of China's digital exports, especially in terms of infrastructure construction and customs environment, while the impact of regulatory environment and finance & e-commerce on export performance is limited. The findings of this paper imply that promoting the continuous improvement in the level of trade facilitation is important for promoting China's digital product exports.

Internationalization and knowledge management strategies of service firms: impact of regulatory environment in regional markets

PurposeThis study aims to the influence and impact of regulations and highlights the barriers to market entry faced by Australian professional service firms in the European Union (EU) and their strategies to manage and transfer tacit knowledge.Design/methodology/approachThe authors collected data by reviewing relevant regulatory documents and conducting semi-structured interviews with key informants from Australian architecture firms and senior representatives from the professional, trade and regulatory bodies in Australia and Europe.FindingsHistorically, Australian professional service firms use the United Kingdom (UK) as their EU base. The mutual recognition of qualifications and prior experiences are barriers to intra-organizational expatriation and knowledge transfer. The study identifies the dual nationality of the architects as a way of circumventing the residency/nationality restrictions.Originality/valueThe study discusses Brexit and how the uncertainty surrounding the UK and EU’s agreement adds to the complexity for non-European firms’ market entry and operations in the region.

Impact of regulatory environment on accruals manipulation of bankrupt firms

ABSTRACT The aims of this study are twofold: first, to determine whether bankrupt firms manipulate signed accruals upwards compared with active firms with similar performance, and second, whether the regulatory environment influences pre-bankruptcy manipulation. Using the performance-matched discretionary accrual model and 500 firm-year observations, this study finds that bankrupt firms manipulate signed accruals upwards. Further, it examines subsamples of positive and negative accruals manipulation in the lightly regulated Alternative Investment Market (AIM) and the heavily regulated Main Market. Analysis of the first subsample reveals that bankrupt firms delisted from AIM manipulate accruals upwards more than bankrupt firms delisted from the Main Market. These results suggest that managers in bankrupt AIM firms have greater incentive and ability to manipulate accruals upwards compared with managers in Main Market firms. Finally, analysis of the negative accruals manipulation subsample shows that AIM bankrupt firms manipulate accruals downwards more than Main Market bankrupt firms.

Internationalization as a strategy for small and medium‐sized enterprises and the impact of regulatory environment: An emerging country perspective

AbstractThis study focuses on identification, categorization and comparison of regulatory barriers to internationalization for the small and medium‐sized enterprises (SMEs) from an emerging market context. Primary data were collected to develop and validate a structural model to assess the salient regulatory barriers of internationalization with a particular attention to the SMEs in Bangladesh. Structured questionnaire has been used to collect data from 212 SMEs operating in Bangladesh. The results indicate that both administrative and economic regulatory barriers are significant for the internationalization of SMEs whereby administrative regulatory barriers are slightly more substantial. This study provides further discussion from both theoretical and methodological aspects. By developing and validating structural model, this study contributes to the literature on small business and regulation with particular attention to the emerging markets.

The Impact of Regulatory Environment on the Effectiveness of Small and Medium Scale Enterprises: A Study of Selected Small and Medium Scale Enterprise in Owerri

This paper examines the impact of regulatory environment on the effectiveness of small and medium scale enterprises. The study employed a survey approach and used the questionnaire as its major source of data collection. In order to guide the study, two research questions and hypotheses that are consistent with the objectives of the study were raised. The population of study consists of 105 staff of selected five small and medium scale enterprises in Owerri. The researchers used purposive sampling technique to select 89 members of staff as the sampled unit. The mean score was the tool for data analysis, and from the findings, the researchers concludes that regulatory environment has significant impact on business competitiveness and innovativeness which were used to proxy effectiveness of small and medium scale enterprises. Based on the findings also, the researchers among others recommended that consultation between SME regulators and operators of SMEs can help address some of the harsh consequences of the regulatory environment.

A Contemporaneous Model of Electricity Market Interaction with Energy Stock Market Sectors

The motivation for this paper is to provide a methodology for tracking electricity market liberalization for policymakers and investors. The significance of country energy sector price changes in electricity price changes is evident in all countries studied, but the explanatory power varies. Even so, it is evident that the regulatory environmental impact on electricity pricing and in some cases elements of renewables costing would dominate the models, but these factors are embedded in the residuals.

Biodiversity offsets: adding to the conservation estate, or ‘no net loss’?

The Western Cape province of South Africa contains globally unique biodiversity, to which pressure for economic growth and development poses a significant threat. Legal and planning frameworks support biodiversity conservation and biodiversity offsets. Biodiversity plans at different scales provide a clear indication of spatial priorities for conservation. In this context, a draft guideline for biodiversity offsets in the Western Cape has been developed (DEA&DP, 2007) which introduces biodiversity offsets as an integral part of the regulatory environmental impact assessment and development authorization process. The approach focuses on area- and monetary-based compensation to secure and manage priority areas in the long term. The emphasis is on adding priority habitats to the conservation estate, rather than on achieving ‘no net loss’ in the strictest sense. This paper explains how the context of the Western Cape has shaped its approach to biodiversity offsets: the political, socioeconomic and institutional characteristics are as important in designing a guideline for offsets as biodiversity considerations. The paper notes key challenges facing the province in implementing the guideline.

The Impact of Regulatory Environments on Early Childhood Professional Practice and Job Satisfaction: A review of conflicting discourses

This article juxtaposes contrasting discourses concerning the impact that regulatory systems—such as the NSW Children's Services Regulation and the National Quality Improvement and Accreditation System—have on the professional practice and job satisfaction of early childhood professionals in NSW. Juxtaposing dominant government discourses with conflicting critical discourses raises theoretical and practical issues about how the regulatory environment is perceived, the place it holds in early childhood professionals' thinking about quality early childhood practices, and the impact it may have on their job satisfaction.