0Multinational companies from emerging and developing economies (eMNcs) are becoming major players in the globalized world economy and are likely to wield growing influence on economic dynamics in OecD, emerging, and developing countries alike. this paper presents data gathered from Turkish firms investing in the transitional economies of the Central Asian Republics. 0Using an integrated risk management framework (Miller 1992) as a platform for investigating executives′ perceptions of environmental uncertainty in entry mode decisions, we extend the framework through the addition of variables, such as corruption, which synthesise institutional level factors. 0The findings indicate that greater ethical-societal uncertainties result in a preference for joint venture over wholly owned subsidiary. there is a strong correlation between the perceived risk of intervention and joint venture entry mode. We find only limited support for the Uppsala internationalisation model. ass. Prof. h. altay school of tourism and hotel administration,

This article reviews and examines the role of the public inquiry as a mechanism for investigating disasters within the United Kingdom. A number of authors have considered the growing penetration of technology into our lives, as well as economic liberalisation, societal fragmentation and the globalisation of business, as factors that have contributed to a post modern view of the world. Within this context, this article considers the efficacy of the public inquiry as a tool for learning from disaster. Is an instrument born of the late nineteenth century suited to the demands of the early twenty‐first century? Data are drawn from the football and rail industries, both of which have witnessed a sequence of large‐scale accidents investigated through the public inquiry mechanism. Drawing upon literature from the fields of socio‐legal studies and crisis management, three broad areas are critiqued: the process, underlying aims, and impartiality of the public inquiry process.

The Professional Service Firm (PSF) in a globalised economy: a study of the efficiency of securities firms in an emerging market AbstractThis study explores the efficiency of securities firms in Turkey and offers conceptual and managerial insights utilizing data envelopment analysis. Through a sample of local and foreign owned securities firms in Turkey, we examine the impact of liabilities of foreignness (LOF) and localness (LOL) upon knowledge intensive firm efficiency in an emerging market economy. We have extended this approach through our consideration of liability associated with market globalness (LOMG). Our findings indicate the importance of size for firm efficiency with bank affiliation and foreign ownership also having positive effects on efficiency. Our study makes a contribution conceptually, methodologically and empirically to a growing literature on emerging economies. We also make a valuable addition to the limited empirical work conducted on the securities industry to date. Finally, through our contextualization of Turkish securities firms as professional services firms (PSFs), our research extends the narrow focus on law and accounting which currently dominates the burgeoning research strand on PSFs.

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Recent years have seen flooding emerge as a significant risk facing United Kingdom (UK) businesses. This paper presents an overview of a framework aimed at improving such organisations response to and preparedness for floods in urban areas, reducing the disruption and economic loss associated with flooding, and strengthening the flood resilience of the wider economy and society. To achieve these aims an understanding will be gained of business continuity processes and how private and public sector organisations behave and interact in the immediate aftermath of floods. Based on this understanding, agent based modelling and simulation will be used to identify factors which influence organisations' behaviours to flood response and preparedness, and thus determine ways of improving business continuity. Economic analyses will establish the local impacts of flooding in a range of UK urban areas and the cascading effects to the wider economy. Iterations of agent based simulations will enable analyses of how changes in behaviour could influence these impacts and better enable organisational operational response and inform strategic decision making for long term flood preparedness. Thus, practical guidance will be developed to inform organisations how to better adapt to flood risk through more effective business continuity planning, thereby increasing flood resilience.