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Microenterprises in emerging economies are known to operate in turbulent and resource-scarce environments. We test our hypothesis that a more comprehensive “Integrated Capital-Based Model” (ICBM) is needed when explaining the performance of microenterprises in such an environment. The model combines traditionally researched financial, human and social capital with more recently emphasized psychological and cognitive capital, providing greater explanatory power than models using only the traditional types of capital.

We use a pooled linear regression to analyze an existing survey of more than 900 independent business owners who were interviewed seven times between 2008 and 2012 in the Accra and Tema marketplaces in Ghana. We measure the performance of microenterprises using three dependent variables (revenue, profits, and productivity). We contrast the explanatory power of ICBM models against the more traditional models.

The ICBM has significantly higher levels of explanatory power over the traditional models in examining the performance of these microenterprises. These results highlight the importance of psychological and cognitive capital in emerging economies.

We advocate for a more comprehensive view of capital as shown in our ICBM. However, the data were gathered only in an urban setting, which limits the generalizability to rural parts of emerging economies.

These findings suggest the utility of government and appropriate agencies finding ways to enhance the level of psychological and cognitive capital of microenterprise owners.

This paper's originality stems from hypothesizing and empirically confirming the higher predictive efficacy of ICBM against more traditionally researched capital sources.

International expansion is an inevitable consequence for companies that are seeking revenue growth. Foreign direct investment (FDI) by global enterprises is a common route of such expansion. As companies invest abroad, competing interests cause concerns over the impact (both positive and negative) on the local labor force (necessitating corporate social responsibility) caused by FDI. Therefore, there is a logical link between FDI, a country’s labor force and globalization. The purpose of this study is to explore this untested relationship.

This panel study uses cross-country data from the World Bank to understand the pattern of influence of globalization on worker injury. A secondary data set of 36 developed and developing countries from 2003 to 2007 are gathered for this paper to analyze.

The results of this paper indicate that, companies are seeking to maintain higher levels of social responsibility should not only consider a framework such as ISO 26000 themselves but also they should encourage compliance from their upstream suppliers as well.

Goods for these companies are manufactured in Bangladesh, but unfortunately, a serious tragedy occurred when a building collapsed, resulting in the death of 1,127 people, which was not the first of such events in Bangladesh (The Associated Press, 2013). Inspired by this recent tragedy, this study examines possible connections between globalization and the factors that are associated with the incidences of worker injury. Globalization is a well-studied phenomenon, however very little has been done to examine its impact on worker injuries; this paper helps fill that gap.