Geopolitical Risk and Firm Profitability in Complex Socio-Economic Systems: A Heterogeneous Dynamics Perspective
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| Publicado en: | Systems vol. 13, no. 11 (2025), p. 945-963 |
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| Autor principal: | |
| Otros Autores: | , , , , |
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MDPI AG
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| Acceso en línea: | Citation/Abstract Full Text + Graphics Full Text - PDF |
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| 024 | 7 | |a 10.3390/systems13110945 |2 doi | |
| 035 | |a 3275564678 | ||
| 045 | 2 | |b d20250101 |b d20251231 | |
| 084 | |a 231636 |2 nlm | ||
| 100 | 1 | |a Duca Ioana |u Department of Finance, Banking and Business Administration, Titu Maiorescu University, 040051 Bucharest, Romania; ioana.duca@prof.utm.ro | |
| 245 | 1 | |a Geopolitical Risk and Firm Profitability in Complex Socio-Economic Systems: A Heterogeneous Dynamics Perspective | |
| 260 | |b MDPI AG |c 2025 | ||
| 513 | |a Journal Article | ||
| 520 | 3 | |a This paper investigates how geopolitical risk influences firm profitability worldwide. Using a global panel of 7126 listed companies from 2013 to 2023, the analysis reveals that geopolitical shocks do not affect firms uniformly. Less profitable and financially fragile firms experience the strongest declines in profitability when geopolitical tensions rise, while more profitable firms show greater resilience and, in some cases, strategic gains. The results also indicate that financial structure, liquidity, tangibility, and innovation capacity explain much of this heterogeneity, highlighting that vulnerability is rooted in both balance sheet fragility and adaptive capability. These findings suggest that geopolitical instability reinforces performance asymmetries across firms and industries, with implications for corporate strategy, investor behavior, and financial stability in an increasingly uncertain global environment. | |
| 653 | |a Economic policy | ||
| 653 | |a Macroeconomics | ||
| 653 | |a Borrowing | ||
| 653 | |a Banking industry | ||
| 653 | |a Geopolitics | ||
| 653 | |a Energy industry | ||
| 653 | |a Costs | ||
| 653 | |a Operating leverage | ||
| 653 | |a International relations | ||
| 653 | |a Profits | ||
| 653 | |a Capital structure | ||
| 653 | |a Volatility | ||
| 653 | |a Fragility | ||
| 653 | |a Supply chains | ||
| 653 | |a Political risk | ||
| 653 | |a Bank technology | ||
| 653 | |a Heterogeneity | ||
| 653 | |a Profitability | ||
| 653 | |a Liquidity | ||
| 700 | 1 | |a Dumitrescu, Bogdan Andrei |u “Victor Slăvescu” Centre for Financial and Monetary Research, Calea 13 Septembrie, 050711 Bucharest, Romania; ionel.leonida@icfm.ro | |
| 700 | 1 | |a Tănăsescu, Paul |u Faculty of Finance and Banking, Bucharest University of Economic Studies, Piața Romană 6, 010374 Bucharest, Romania; paul.tanasescu@fin.ase.ro (P.T.); andreea.bozagiu@fin.ase.ro (A.-M.B.) | |
| 700 | 1 | |a Leonida Ionel |u “Victor Slăvescu” Centre for Financial and Monetary Research, Calea 13 Septembrie, 050711 Bucharest, Romania; ionel.leonida@icfm.ro | |
| 700 | 1 | |a Andreea-Mădălina, Bozagiu |u Faculty of Finance and Banking, Bucharest University of Economic Studies, Piața Romană 6, 010374 Bucharest, Romania; paul.tanasescu@fin.ase.ro (P.T.); andreea.bozagiu@fin.ase.ro (A.-M.B.) | |
| 700 | 1 | |a Poleac Dalia |u Faculty of Business Administration in Foreign Languages, Bucharest University of Economic Studies, 010961 Bucharest, Romania; dalia.poleac@fabiz.ase.ro | |
| 773 | 0 | |t Systems |g vol. 13, no. 11 (2025), p. 945-963 | |
| 786 | 0 | |d ProQuest |t Advanced Technologies & Aerospace Database | |
| 856 | 4 | 1 | |3 Citation/Abstract |u https://www.proquest.com/docview/3275564678/abstract/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text + Graphics |u https://www.proquest.com/docview/3275564678/fulltextwithgraphics/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |
| 856 | 4 | 0 | |3 Full Text - PDF |u https://www.proquest.com/docview/3275564678/fulltextPDF/embedded/7BTGNMKEMPT1V9Z2?source=fedsrch |