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Complementarities of Knowledge Worker Productivity: Insights from an Online Experiment of Software Programmers with Innovative Cognitive Style Contemporary Economics Pub Date : 2020-06-01 Natallia Pashkevich, Darek M. Haftor
Complementarities of knowledge worker productivity: Insights from an online experiment of software programmers with innovative cognitive style.
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Financial Vulnerability of Working Adults in Malaysia Contemporary Economics Pub Date : 2017-06-30 Yiing Jia Loke
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Does Okun’s Law Exist in Nigeria? Evidence from the ARDL Bounds Testing Approach Contemporary Economics Pub Date : 2017-06-30 Nurudeen Abu
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Offshoring in the European Union: a Study of the Evolution of the Tax Burden Contemporary Economics Pub Date : 2017-06-30 Elisabeth Bustos-Contell, Salvador Climent-Serrano, Gregorio Labatut-Serer
One of the most serious effects of offshoring is tax avoidance, which harms the economies of the affected regions. In an attempt to eradicate tax avoidance, the EU seeks to establish tax harmonization across its Member States. Based on data for 2006–2014, this study analyzes the historical evolution and current trends of a convergence or divergence of the tax burden for 15 EU Member States. The effective
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Scenario-based stress tests: are they painful enough? Contemporary Economics Pub Date : 2017-06-30 Colin Ellis
Forecasts, models and stress tests are important tools for policymakers and business planners. Recent developments in these related spheres have seen greater emphasis placed on stress tests from a regulatory perspective, while at the same time forecasting performance has been criticized. Given the inter linkages between the two, similar limitations apply to stress tests as to forecasts, and should
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Making work pay: increasing labour supply of secondary earners in low income families with children Contemporary Economics Pub Date : 2017-06-30 Anna Kurowska, Michał Myck, Katharina Wrohlich
In-work support through the tax-benefit system has proved to be an effective way of increasing labour supply of lone mothers and first earners in couples in a number of OECD countries. At the same time these instruments usually create negative employment incentives for secondary earners. This in turn reduces the potential of in-work support to address the joint objectives of higher employment and lower
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Director Training and Financial Disclosure: Asian Insights Contemporary Economics Pub Date : 2017-06-30 Qaiser Rafique Yasser, Abdullah Al Mamun, Marcus Rodrigs
We provide evidence regarding the relationship between director training programs and improved financial reporting. Director Training Programs (DTP) help directors better understand the specific context in which a firm operates, including its operations and environment; awareness of business norms and values; standards of probity and accountability; and their fiduciary duties as an agent of investors
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Market reactions to dividends announcements and payouts. Empirical evidence from the Warsaw Stock Exchange Contemporary Economics Pub Date : 2017-06-30 Urszula Mrzygłód, Sabina Nowak
The main goal of this paper is the empirical examination of the Polish stock market reactions to dividend announcements and dividend payouts made by the companies listed on the Warsaw Stock Exchange (WSE). The research sample comprises 56 companies (WIG index constituents) that announced dividend payments and completed the payout during 2013. In the analysis, event study methodology is employed including
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Combining Equity Country Selection Strategies Contemporary Economics Pub Date : 2017-03-31 Adam Zaremba
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Revisiting the Phillips Curve: Visualization from a Multidimensional Graphical Perspective Contemporary Economics Pub Date : 2017-03-31 Mario Arturo Ruiz Estrada,Su-Fei Yap,Noor Azina Binti Ismail
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Improving Value-at-Risk Estimation from the Normal EGARCH Model Contemporary Economics Pub Date : 2017-03-31 Mahsa Gorji, Rasoul Sajjad
Returns in financial assets display consistent excess kurtosis and skewness, implying the presence of large fluctuations not forecasted by Gaussian models. This paper applies a resampling method based on the bootstrap and a bias-correction step to improve Value-at-Risk (VaR) forecasting ability of the n-EGARCH (normal EGARCH) model and correct the VaR for both long and short positions. Our aim is to
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The relationship between employees’ competences and the consequences and manner of exercising emotional labour (EL) Contemporary Economics Pub Date : 2017-03-31 Agnieszka Springer, Karolina Oleksa
Many job posts require one to display emotions specified by organisational standards. Such work is referred to as emotional labour (EL) and consists in producing particular emotional reactions in contacts with a customer as well as suppressing the actual emotional reactions that could be seen negatively by the other party. An employee may cope with such work by choosing one of two strategies: surface
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Organizational Conditioning of Job Satisfaction. A Model of Job Satisfaction Contemporary Economics Pub Date : 2017-03-31 Marcin Wnuk
Job satisfaction is an important predictor of job switching. Knowledge of the predictors of job satisfaction offers business owners and management staff the ability to shape the work environment so that the most valuable, loyal, and experienced employees can be retained in the company. The objective of this project is to test a model of job satisfaction based on person-organization fit (P-O fit), perceived
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The Impact of Multinational Companies from Romania on Increasing the Level of Corporate Social Responsibility Awareness Contemporary Economics Pub Date : 2017-03-31 Codruţa Dura, Imola Drigă
The Romanian business scene has recently borrowed the concept of corporate social responsibility (CSR), and this evolution was due to the presence of multinational companies (MNCs) that implemented new practices and activities in this area. Our paper aims to provide a presentation of social responsibility in Romania, based on public reports of multinational companies, studies and reports of several
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In Search of Key HR Practices for Improvement of Productivity of Employees in the KIBS Sector Contemporary Economics Pub Date : 2017-03-31 Agnieszka Wojtczuk-Turek
The objective of this article is to present research devoted to the relationships between HR practices and productivity (understood as behavior and results) of employees in the KIBS sector (knowledge intensive business services sector). The operations of companies in this sector are based on the application of expert knowledge to create services satisfying the needs of personalized clients. Because
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Scenarios of Business Development in the Agricultural Machinery Market Under Conditions of International Trade Integration Contemporary Economics Pub Date : 2016-12-31 Tatiana N. Litvinova, Galina A. Khmeleva, Lilia V. Ermolina, Tatiana V. Alferova, Irina V. Cheryomushkina
The purpose of the article is to identify and analyze scenarios of business development in the agricultural machinery market under conditions of international trade integration using the case of present-day Russia and to determine the need for state support for domestic production. As a methodological provision, we use the scenario analysis method adapted by the authors for the determination and analysis
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Theoretical and Methodological Aspects of Innovation Development in Modern Economic Systems Contemporary Economics Pub Date : 2016-12-31 Irina V. Gashenko, Svetlana G. Vokina, Dmitry G. Romanov, Tatiana L. Bezrukova, Yuri А. Kozenko
The purpose of this article is to classify existing approaches to analyzing theoretical and methodological aspects of innovation development in modern economic systems. We also present a new approach based on existing ones that combines advantages, eliminates drawbacks, and offers means of analyzing innovation development in modern economic systems and that presents optimal models of innovation development
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Regional Innovation Development as a Feature of Competitiveness in the XXI Century Contemporary Economics Pub Date : 2016-12-31 Irina S. Zinovyeva, Yuri А. Kozenko, Kirill B. Gerasimov, Yulia I. Dubova, Margarita S. Irizepova
The authors of this paper hypothesize that one of the most significant features of regional competitiveness in the global economy is innovation development and that through innovation application, underdeveloped regions can reduce the gap between them and leading regions and can in turn surpass leading regions. The purpose of the article is to verify this hypothesis, to determine the role and significance
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Innovations and Fighting Global Economic Problems Contemporary Economics Pub Date : 2016-12-31 Natalia G. Vovchenko, Olga B. Ivanova, Elena D. Kostoglodova, Marina O. Otrishko, Olga S. Dzhu
The authors proffer the hypothesis that the most important issue in all of the previously studied global economic problems is the imperfection of the production process. Innovations stimulate the improvement of the production process and provide solutions to global economic problems. Thus, the purpose of this article is to verify this hypothesis and determine the role of innovations in overcoming global
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Innovational Development for Transitional Economy – Russia Case Study Contemporary Economics Pub Date : 2016-12-31 Valeria A. Arsenyevа, Svetlana A. Litvinova, Valentina N. Parakhina, Zinaida N. Kozenko, Mikhail Y. Denisov
The purpose of this article is to develop mechanisms of innovational development for countries with transitional economies. The methodological base of the research consists of a factor analysis of the structure of GDP adapted to the analysis of the innovational development of countries with a transitional economy, distinguishing the innovational sphere of the economy, the structure of manufactured
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Global Innovational Networks: Sense and Role in Development of Global Economy Contemporary Economics Pub Date : 2016-12-31 Egor V. Dudukalov, Natalia D. Rodionova, Yana E. Sivakova, Elena Vyugova, Irina V. Cheryomushkina, Elena G. Popkova
The starting point for this research is the authors’ hypothesis that global innovational networks play an important role in the development of the modern global economy because they stimulate international cooperation in the innovational sphere, the translation of knowledge in the global economic system, and general scientific and technological development and production development. The purpose of
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Connectivity in the Technology Transfer Process among Local ASEAN Firms Contemporary Economics Pub Date : 2016-09-30 Masatsugu Tsuji,Hiroki Idota,Yasushi Ueki,Hidenori Shigeno,Teruyuki Bunno
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An empirical approach to marketing innovation in small and medium retailers: an application to the Spanish sector Contemporary Economics Pub Date : 2016-09-30 Natalia Medrano,Cristina Olarte-Pascual
Although numerous studies explore innovation, most of them focus on technological innovations. It is currently difficult to focus exclusively on products and processes when discussing innovation because new ideas can transform any part of an organization’s value chain. Indeed, marketing innovation is essential for small and medium firms and its study is extremely important given the current lack of
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Franchise fairs: A relevant signal in franchise choice in social activity Contemporary Economics Pub Date : 2016-09-30 Leonardo Martin Mastrangelo, Esther Calderon-Monge, Pilar Huerta-Zavala
Potential franchisees encounter difficulties in gaining knowledge about a franchise before embarking on their first start-up venture. For this reason, it is necessary to research which information signals help potential franchisees choose the franchise chains with which they wish to enter into business. Working within the framework of signaling theory, this study’s aim is to analyze the relationship
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Two-Stage Data Envelopment Analysis of Spanish Regions: Efficiency Determinants and Stability Analysis Contemporary Economics Pub Date : 2016-09-30 José Solana-Ibáñez, Manuel Caravaca-Garratón, Lorena Para-González
The purpose of this paper is to examine the hypothesis that the efficiency of Spanish tourism regions for the period 2005-2013 is determined by a group of contextual variables. In contrast with monitoring reports based on descriptive methods, this paper uses the Data Envelopment Analysis (DEA) bootstrap semiparametric procedure to investigate efficiency determinants. An innovative analysis addresses
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Comparing dividend puzzle solutions by Polish, Canadian, Norwegian and American executives Contemporary Economics Pub Date : 2016-09-30 Agata Sierpińska-Sawicz
This study compares firms’ dividend policy antecedents in four countries. The author surveys managers of 230 companies listed on the Warsaw Stock Exchange that paid dividends over the 2001-12 period and compares the findings to survey reports from the USA, Canada, and Norway. The main antecedents of dividend policy in these countries are the level of current earnings, their stability over time, the
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Competitiveness and Resilience of the productive districts in Sicily. The behavior of the Sicilian production areas during the economic crisis Contemporary Economics Pub Date : 2016-09-30 Michele Sabatino
“Resilience�? refers to the ability of companies to adapt their strategies in response to economic circumstances that change from time to time. This definition seems appropriate to explain the behavior of the Sicilian productive districts in light of the recent economic crisis. These meta-producing districts of Sicily merit further study, particularly in terms of the concept of resilience and its accompanying
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Types of agglomeration economies: effects on business innovation Contemporary Economics Pub Date : 2016-09-30 Enrique Claver-Cortés, Bartolome Marco-Lajara, Encarnacion Manresa-Marhuenda
A review of the literature does not provide conclusive results about the effects caused by firm agglomeration on innovation. In order to shed light on this issue, this paper draws a distinction among three kinds of agglomeration economies and empirically tests their respective impact on business innovation. The advantage that external knowledge generated through concentration can bring to each company
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The Mega Distributed Lag Model Contemporary Economics Pub Date : 2016-06-30 Mario Arturo Ruiz Estrada,Evangelos Koutronas,Ross Knippenberg
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Financial Systems and Economic Growth: Empirical Evidence from Australia Contemporary Economics Pub Date : 2016-06-30 Sheilla Nyasha, Nicholas M. Odhiambo
This paper examines the dynamic impact of both bank- and market-based financial development on economic growth in Australia during the period from 1980 to 2012. The study uses the autoregressive distributed lag (ARDL) bounds testing approach to examine this linkage. Unlike certain previous studies, this study uses both bank- and market-based financial development indices to measure the level of financial
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Valuation of Contractual Assets Using Statistical Simulation Contemporary Economics Pub Date : 2016-06-30 Jan Vlachý
This paper develops a dynamic option-based model for the valuation of rental and other similarly structured lease contracts under the conditions of uncertainty that is then solved by statistical simulation (Monte Carlo). The motivation, research background and methodology of the paper follow up on a previously published general firm-theoretical approach by the author, who takes an interdisciplinary
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An Allocation Analysis of Polish Household Savings Invested in Financial Assets, 2003 – 2014 Contemporary Economics Pub Date : 2016-06-30 Wiesław Dębski, Bartosz Świderski
This article addresses the allocation of Polish household savings that are invested in financial assets. As an economic category, these savings are very important in every country because they determine investments in the national economy, thereby influencing a country’s further economic growth and development. From this point of view, investigating both the allocation of personal savings and their
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Costs of corporate bond issue in coal mining companies Contemporary Economics Pub Date : 2016-06-30 Agata Sierpińska-Sawicz, Patrycja Barbara Bąk
In Poland, more than 90% of electricity production is based on coal fuel. Meanwhile, the financial situation of the mining industry is quite challenging. Companies in this sector are in debt, generating losses caused by a sharp drop in coal prices and a simultaneous increase in extraction costs that result from descending into lower levels of coal deposits. At the same time, banks are reluctant to
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An Introduction to the Multidimensional Real-Time Economic Modeling Contemporary Economics Pub Date : 2016-03-31 Mario Arturo Ruiz Estrada,Vgr Chandran,Muhammad Tahir
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Financial market regulation, country governance, and bank efficiency: Evidence from East Asian countries Contemporary Economics Pub Date : 2016-03-31 Sok-Gee Chan, Mohd Zaini Abd Karim
This paper examines the relationship between financial market regulation, country governance and efficiency of commercial banks in East Asian economies during the period 2001-2008 using a twostage estimation technique. In the first stage, we employ a non-parametric approach — Data Envelopment Analysis (DEA) — to estimate the banks’ cost and profit efficiency scores and then Tobit estimation to analyze
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Implications of Unprofitable Horizontal Mergers: A Positive External Effect Does Not Suffice To Clear A Merger! Contemporary Economics Pub Date : 2016-03-31 Oliver Budzinski, Jürgen-Peter Kretschmer
Standard analysis of mergers in oligopolies along the lines of the popular Farrell-Shapiro Framework (FSF) relies, regarding its policy conclusions, on the assumption that rational agents will only propose privately profitable mergers. If this assumption were held, a positive external effect of a proposed merger would represent a sufficient condition to allow the merger. However, the empirical picture
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Aggregate matching in Spain. Time series analysis using cointegration techniques Contemporary Economics Pub Date : 2016-03-31 Ewa Gałecka-Burdziak
I analyze the matching process in the Spanish labor market from 1994-2005. I use monthly registered unemployment data and refer solely to public employment intermediation. This period reflects an upward movement along a downward sloping Beveridge curve; therefore, major changes in the process efficiency should not be observed. I narrow the considerations to a job queuing model, which is the most relevant
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Complementary Person-Environment Fit as a Predictor of Job Pursuit Intentions in the Service Industry Contemporary Economics Pub Date : 2016-03-31 Marlena A. Bednarska
There is an intrinsic link between the success of service firms and the availability of appropriate labor resources, making employee attraction and retention a critical concern for service organizations. Effects of recruitment efforts are influenced by applicants’ subjective person-environment (P-E) fit, referring to the compatibility between an individual and a work environment. The purpose of this
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A review of individual and systemic risk measures in terms of applicability for banking regulations Contemporary Economics Pub Date : 2016-03-31 Katarzyna Sum
The latest financial crisis has exposed substantial weaknesses in the bank risk models used by national regulators as well as the Basel Accords. The study is aimed at presenting the evolution and critique of risk measures and risk models in banking, with a special focus on the dynamically developing area of systemic risk measures. A discussion of the features of the respective measures allows us to
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Measuring Business Cycles: A Review Contemporary Economics Pub Date : 2016-03-31 Marinko Škare, Saša Stjepanović
This article summarizes the main findings on problems related to the measurement and identification of business cycles. The aim of this study is to define and identify the determinants of business cycles. This paper provides an overview of the methodology and its future course. Our investigation suggests that some methodological frameworks are available in the literature, but none is perfect. A new