Sustainability in international trade: the importance of political risk analysis
Küçük Resim Yok
Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Nature
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
SustainabilitySustainability in international tradeInternational trade is increasingly an important factor for companies. Political risk analysisPolitical risk analysis has great importance in this context. Political risk analysisPolitical risk analysis supports companies’ decision-making processes in international tradeInternational trade. This analysis helps them to determine the countries that are riskier to do business in and contributes to making strategic decisions to increase sustainabilitySustainability. Political risk analysisPolitical risk analysis also guides companies in identifying markets that align with their sustainabilitySustainability goals. Companies need to make decisions based on political risk analysisPolitical risk analysis results to minimize risks and carry out their business projects sustainably. Managing political risks positively affects the financial performance of companies. Minimizing risks increases confidence in long-term decision-making processes and makes businesses more attractive to investors. Companies can use political risk analysisPolitical risk analysis to protect their supply chains against political risks that could threaten sustainabilitySustainability. Political risk analysisPolitical risk analysis affects not only financial sustainabilitySustainability but also social and environmental sustainabilitySustainability. Within this scope the aim of this study is to examine the role and importance of political risk analysisPolitical risk analysis for the sustainabilitySustainability of international tradeInternational trade. Political risk, political risk factors, the dimensions of political risk factors, and the relationship between political risk and sustainabilitySustainability in international tradeInternational trade have been examined in detail in this context. This relationship has been handled globally depending on the political risk comparison of countries. The study found that the most significant political risks are political instability, changing political regulations, and customs and trade restrictions. In addition, it has been observed that some countries have better policies and regulations on environmental and social sustainabilitySustainability issues. As a result, political risk analysisPolitical risk analysis is a critical tool to help companies achieve sustainabilitySustainability goals in international business. It has also been considered that political risk analysisPolitical risk analysis is very important in identifying potential risks, guiding decision-making processes, and increasing sustainabilitySustainability.
Açıklama
Anahtar Kelimeler
International Trade, Political Risk, Sustainability
Kaynak
Accounting, Finance, Sustainability, Governance and Fraud
WoS Q Değeri
Scopus Q Değeri
Q4
Cilt
F4056
