We explore the impact of fear on demand for government intervention. Our empirical strategy takes advantage of a unique quasi-experiment: During our survey in Russia, a very popular television program misreported the riskiness of the Covid-19 virus, thereby providing short-term exogenous...

Global financial markets frequently experience extreme volatility, which poses significant challenges in forecasting stock returns, particularly following market crashes. Traditional models often falter under these conditions due to heightened investor sentiment and strong regulatory...

This study examines factors influencing full (FP) versus partial (PP) privatization and how markets respond to government control in PP and FP firms. Exploiting China's 2005 NTS reform as a natural experiment, we find that treated PP firms experienced significantly lower post-reform performance,...

In 2016, the IEA and EPICENTER launched the first edition of Dr Christopher Snowdon's 'Nanny State Index', which tries to measure the degree of restrictiveness of paternalistic policies that interfere with personal lifestyle choices in various areas. 'Nanny state' is obviously a pejorative term,...

State directed industrialization in developing countries became a common strategy after World War II. The success of a small number of countries in East Asia added new dimensions to the debates on the role of states in taming domestic and international market forces. However, it soon became...

Purpose - The purpose of this study is to investigate the impact of government policies adopted by the Tunisian government to cope with the COVID-19 sanitary crisis on stock market return. Design/methodology/approach - The author uses daily data from March 2, 2020, to July 23, 2021. Findings -...

We examine the ways in which political realities shape industrial policy through the lens of modern political economy. We consider two broad “governance constraints”: i) the political forces that shape how industrial policy is chosen and ii) the ways in which state capacity affects...

Formal conceptions of state capacity have mostly focused on indirect measures of state capacity - by, for instance, using the state's fiscal or extractive capacity as a proxy for its overall capacity. Yet, this input or extractive view of state capacity falls short, especially since...

This paper explores the impact of government environmental protection subsidies on corporate green innovation using panel data of listed companies from 2007 to 2019. The results show that such subsidies can significantly promote corporate green innovation, and the results are robust. Financing...

Formal conceptions of state capacity have mostly focused on indirect measures of state capacity - by, for instance, using the state's fiscal or extractive capacity as a proxy for its overall capacity. Yet, this input or extractive view of state capacity falls short, especially since...

On 24 March 2024, presidential elections were held in Senegal, with opposition politician Bassirou Diomaye Diakhar Faye, who was 43 at the time, emerging as the winner. On 2 April 2024, he was sworn in as the fifth President of the Republic of Senegal. This event may mark a turning point in the...

Die Zeitenwende nach dem russischen Angriffskrieg auf die Ukraine und die dadurch verschärfte Debatte über wirtschaftliche Sicherheit, strategische Autonomie und kritische Importabhängigkeiten haben zu Recht dazu geführt, dass Staatseingriffe stärker diskutiert werden. Kritische...

The rise of "new economic statecraft"-intervention in trade and investment for foreign policy reasons-is increasingly threatening the stability of the global economic system. Building on previous work, we consider the types of intervention we have seen, classifying state measures as behind the...

This article presents a theoretical framework for analysing corporate responsibility through the lens of critical state theory, focusing on the dynamic interplay between state and business. Traditionally, corporate responsibility is seen as voluntary corporate actions for public welfare....

This article analyzes the shifts in the global order that occurred in relation to governments' actions and their search for an increased global status within the capitalist global system. Examining the deliberate application of governmental economic interventions, the article examines how Brazil...

Business resilience and government intervention are critical in navigating crises. Guided by resilience theory and concepts of state intervention in global crises, this article examines firm-level strategies to the Covid-19 pandemic. The qualitative findings decipher adaptive resilience and...

Did the outbreak of the French Revolutionary and Napoleonic Wars influence technical change during the Industrial Revolution? We address this question by investigating an instance of state intervention into the market for inventions from 1793-1820: the introduction of a new proviso into British...

International law prohibits States from intervening in the internal and external affairs of other States, but only if the method of intervention is coercive. Building on recent developments in State practice, especially in the cyber context, this article argues that coercion can be understood in...

This paper investigates whether good firm environmental performance attracted government support. Furthermore, we explore the effect of different government measures such as access to new credit, cash transfers, fiscal exemptions or reductions, and wage subsidies. The COVID-19 data were...

This research aims to identify the challenges and opportunities of the Philippine government's role in the economy. The study draws on a range of sources that discuss the role of government in market economies, fiscal policy, financial markets, environmental protection, innovation,...

This chapter contributes to the ESG literature by drawing on the framework of the regulatory state, the developmental state and the predatory state in the management and political science literature to understand the problems and prospects related to promoting ESG in three distinct corporate law...

The intellectual competitors to liberalism that appeared in the late nineteenth century often failed to clearly differentiate themselves in popular and academic discourse. Progressivism and socialism both found foothold with promises to transform the economy and society via an activist state;...