Muamalah Market Disruption in The Middle of Modern Markets in Islamic Economic Perspective

The Muamalah market and the use of dinars and dirhams in the community are not merely tools for buying and selling activities. However, it contains a noble goal, namely, to provide benefits to humans, especially in buying and selling activities. The phenomenon of the muamalah market seems to be the answer to concerns about the existence and monopoly activities of conventional markets (eg malls and supermarkets). The results of this study (qualitative) reveal: first, the muamalah market has been disrupted due to the inability to compete with the conventional market presence and the delay in responding to the conventional market presence, especially from the aspect of using technology. Second, the muamalah market does not yet have a fixed place. Third, the use of dinars and dirhams during their implementation does not yet have legality in their use. Fourth, the government still has not looked at the muamalah market to make an economic contribution to the country. The implication of this research is the urgency of the presence of the muamalah market and the use of dinars and dirhams. The use of technology will provide muamalah market opportunities and the use of dinars and dirhams so that they can be useful for the community. So that this can be the answer to economic problems in the community and even for the country.

Euro-Mediterranean Financial Markets Reaction to Political Elections

This paper studies a sample of Euro-Mediterranean countries to test the link of political-financial interdependencies. We focus specifically on the impact of the occurrence of national elections on the reaction of financial markets. We used the GARCH (1,1) model and the concept of the volatility multiplier to test our hypotheses. The results established that political elections have a significant impact on stock market performance and volatility for Euro-Mediterranean countries. We detected anomalous behavior in stock market returns. Stock market returns on election day and in the days following the election are inversely higher as uncertainty about the election outcome decreases. Investor uncertainty, combined with the consequences of the multiparty system in Euro-Mediterranean countries, leads to negative abnormal returns around elections. In terms of volatility, we found that the greater degree of uncertainty about the situation and the market disruption affected by the media and social networks increase volatility before election day.

Emerging Economies: The Impact of Context on Global Strategic Management

This chapter begins by exploring what defines emerging economies based on how they are different from the viewpoint of strategy making. Then the chapter turns to examine the strategies adopted by leading domestic firms in emerging economies and emerging market multinationals, highlighting their potential for market disruption and the implications for the study and practice of global strategic management. Acknowledging the growing importance of emerging economies in the global economy, the chapter explores the implications of the emerging economies context for the strategies of multinationals from developed economies. The chapter concludes by proposing avenues for future research on how emerging economies impact global strategic management, including the need to recognize that they are complex dynamic systems with rising economic complexity that demand new types of dynamic capabilities and innovative sources of competitive advantage to enable success.

Paninvasion severity assessment of a US grape pest to disrupt the global wine market

Economic impacts from plant pests are often felt at the regional scale, yet some impacts expand to the global scale through the alignment of a pest's invasion potentials. Such globally invasive species (i.e., paninvasives) are like the human pathogens that cause pandemics; and like pandemics, assessing paninvasion risk for an emerging regional pest is key for stakeholders to take early actions that avoid market disruption. Here, we develop the paninvasion severity assessment framework and use it to assess a rapidly spreading regional US grape pest, the spotted lanternfly planthopper (Lycorma delicatula; SLF), to spread and disrupt the global wine market. We found that SLF invasion potentials are aligned globally because important viticultural regions with suitable environments for SLF establishment also heavily trade with invaded US states. If the US acts as an invasive bridgehead, Italy, France, Spain, and other important wine exporters are likely to experience the next SLF introductions. Risk to the global wine market is high unless stakeholders work to reduce SLF invasion potentials in the US and globally.

Sovereign wealth fund investments in private funds: selected tax planning considerations in the US, EU and UK

Purpose To discuss US, EU and UK tax-related issues that sovereign wealth funds should consider when investing in private funds. Design/methodology/approach Discusses various tax-related structuring, operational, risk-allocation, and economic matters that private funds, sovereign wealth funds and other non-US institutional investors should consider a series when evaluating potential private fund investments. Findings Despite the market disruption caused by the COVID-19 pandemic, sovereign wealth funds continued to make significant capital commitments to private funds in 2020 and, as the world emerges from the pandemic, are expected to make similar or greater commitments in 2021 and beyond. Originality/value Practical guidance from lawyers with wide experience in international tax planning and investment fund structuring.

Interfirm collaboration as a performance-enhancing survival strategy within the business models of ethnic minority-owned urban restaurants affected by COVID-19

PurposeGuided by resource-based theory, this investigation examines the extent to which knowledge sharing as part of interfirm collaboration serves as a performance-enhancing strategy; that is, in the context of assisting ethnic minority-owned urban restaurants to survive during a major market disruption. Specifically, the study features owner-managers' perceptions concerning the evolving environmental circumstances associated with the novel coronavirus (COVID-19) pandemic.Design/methodology/approachData collection took place among owner-managers of urban restaurants in a Canadian city during the COVID-19 pandemic in late 2020. This featured semi-structured interviews with restaurants' owner-managers originating from various ethnic origins together with secondary data where possible. Data analysis followed an adapted Gioia approach.FindingsExamples of interfirm collaboration include restaurants' owner-managers leveraging social capital and sharing knowledge about the effects of legislation and health guidelines on operating procedures, together with good and bad practices where firms have pivoted their business models via take-outs, patio dining and in-room dining. Irrespective of the strength of network ties (within and across ethnic communities), owner-managers were motivated to share information to facilitate their survival. Nevertheless, this study raises questions over the extent that certain decision-makers exhibit strategic flexibility responding to environmental conditions together with their respective ability to engage/retain customers plus service-oriented employees. In addition, a question is whether some owner-managers will continue to collaborate with their competitors after COVID-19 ends, and if so, with whom and the magnitude of activities. In particular, “trust” via psychological contracts and “complementary strategies” among partners across coethnic and different ethnic origins are key considerations.Originality/valueA body of knowledge exists addressing the notions of both interfirm collaboration and market disruptions in the broader cross-disciplinary literature. However, the interfirm collaborative practices of small firms with ethnic minority ownership that are otherwise rivals remain under-researched. More specifically, interfirm collaboration as a survival strategy for owner-managers during the market disruption arising from a crisis situation features as an original contribution.

Preparing for market disruption: circuit breakers and discretionary trading halts

Purpose This article provides a resource for traders and other market participants by providing an overview of certain automatic circuit breaker mechanisms and discretionary powers that the U.S. Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and the U.S. president, as applicable, can exercise to pause or stop the trading of individual securities or trading activities across exchanges during extreme market volatility, each of which can cause interruptions to trading activity. Design/methodology/approach This article surveys automatic and discretionary mechanisms to halt trading activity under extreme market conditions. In particular, the article examines automatic cross-market circuit breakers, limit up-limit down pauses, the alternative uptick rule, as well as discretionary authority to stop short selling of particular securities and to stop trading across exchanges. Findings The article concludes that market participants must be cognizant not only of automatic cross-market circuit breakers, but also several other forms of potential market disruptions that may occur due to increased market volatility during the COVID-19 pandemic and beyond. Originality/value By exploring various mechanisms that respond to market disruption, this article provides a valuable resource for traders and other market participants looking to identify and respond to potential interruptions to their trading activity.