Economy & Finance

Advances in Accounting Education is a refereed, academic research publication whose purpose is to help meet the needs of faculty members and administrators who are interested in ways to improve teaching, learning and curriculum development in the accounting area at the college and university level.

Empirical studies and theoretical analyses examine the causes and consequences of disruptions in cross-border economic relationships, including political conflict, economic sanctions, and institutional collapse. Cross-border economic relationships gradually strengthened in the decades after World War II; for most of the postwar period, international trade and investment have grown faster than output, a process often termed "globalization." In recent years, however, economic relationships have grown more fragile, subject to disruption by such factors as political conflict, economic sanctions, and the dissolution of institutional arrangements. This timely CESifo volume offers empirical studies and theoretical analyses that examine the causes and consequences of these disrupted economic relationships. Contributors propose a new theoretical framework for understanding the economic impact of intergroup conflict and develop a predictive model to analyze the contagion of regional wars. They offer empirical studies of the economic effect of targeted sanctions and boycotts, including those imposed upon Iran, Russia, and Myanmar; argue provocatively that natural disasters are associated with increased international trade; analyze trade duration, finding previously identified explanatory factors to be insufficient for explaining variations in trade survival over time; and critically review the hypothesis that oil was a crucial factor in the collapse of the Soviet Union. ContributorsDaniel P. Ahn, Tibor Besedes, Kilian Heilmann, Wolfgang Hess, Julian Hinz, Melise Jaud, Tristan Kohl, Madina Kukenova, Chenmei Li, Rodney D. Ludema, Volker Nitsch, Maria Persson, Chiel Klein Reesink, Arthur Silve, Enrico Spolaore, Martin Strieborny, Marvin Suesse, Peter A. G. van Bergeijk, Thierry Verdier, Romain Wacziarg

Topics covered in this volume include, CEO characteristics and CSR, green finance and investment in emerging economies, behavioral finance, intellectual capital, MIS, and financial performance, capital structure during COVID-19, the online search volume index, working capital, stock return, and banks' risk taking, as well as social capital.

In the last decades it has become more and more imperative for our societies, and for decision makers in all areas of society, to understand the dynamics through which innovation systems develop and through which socio-technical systems transform themselves. As both innovation and transformation are strongly intertwined, it has equally become imperative to analyse their dynamics as well as their interplay.This open access volume reflects on the research fields that have developed in the last five decades to do exactly that. It defines and delineates research on systems and innovation as encompassing the scientific study of, first, the conditions, dynamics and impacts associated with the generation and uptake of innovations and, second, the development and transformation of functional systems satisfying essential needs such as the provision of energy or water. Further, the area of Systems and Innovation Research (SIR) is characterised by problem and stakeholder oriented research. We chose five decades as time frame because we noted that roughly 50 years ago a number of research institutes dedicated to SIR were founded and the SIR area started to grow significantly. We present a systematic history of nine selected fields within the area of SIR (Innovation policy, Innovation indicators, Foresight, Policy Evaluation, Technology Assessment, Production Paradigms, Renewable Energies, Energy Efficiency, Water Use). We also present a conceptual framework to understand the processes by which the research fields have developed.This allows to draw general lessons as to what drives fields throughout their development and how their role vis-à-vis policy, businesses and societies changes over time. It also allows to speculate about future challenges and trends in the SIR area. This is important because, if anything, the need to govern transformation through innovation will further grow in the future, and with it the need to understand the underlying dynamics.