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The Effect of Government Debt on Private Investment in Advanced Economies: Does Institutional Quality Matter? Scientific Annals of Economics and Business Pub Date : 2022-03-16 Van Bon Nguyen
Unlike developing economies, advanced economies easily borrow debt to finance budget deficits. Government debt is one of the active measures of fiscal policy in these economies to run the economy and overcome its cyclicality. Most related studies note that government debt reduces private investment. Does it hold for advanced economies? Does institutional quality significantly affect the government
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Interrelation of Bitcoin and Some Traditional Assets Scientific Annals of Economics and Business Pub Date : 2022-03-16 Ekrem Tufan,Bahattin Hamarat,Aykut Yalvaç
In the research, the causal relationships between Bitcoin, gold and oil prices were examined. The data of the research covers the period from 2015 to July 2020 and consists of daily price values. Augmented Dickey-Fuller Unit Root Test was used to see whether the stochastic process changes with time. Bitcoin and gold series do not contain a unit root since the oil series is stationary at the level while
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Effects of Capital Control Actions on Cross-Border Trade Scientific Annals of Economics and Business Pub Date : 2022-03-16 Chokri Zehri
The evidence that capital controls adversely affect cross-border trade is debatable. This study proves that capital controls may support international trade by mitigating the negative effect of macroeconomic volatility. We use quarterly data from a sample of 25 emerging countries over the period 2011-2019. Using long- and short-standing capital controls dynamic panel models, and diversifying robust
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Financial Inclusion, Poverty, and Income Inequality: Evidence from High, Middle, and Low-income Countries Scientific Annals of Economics and Business Pub Date : 2022-03-11 Driss Tsouli
The past two decades have witnessed a high national importance to financial inclusion around the world. This paper intends to explore the impact of financial inclusion on poverty reduction and income inequality in the world, high, middle, and low-income countries. For this purpose, a new composite financial inclusion was constructed with three dimensions for finding various macroeconomic variables
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Joining the Anti-Brand Communities on the Internet: Who and Why Scientific Annals of Economics and Business Pub Date : 2022-03-10 Amélia Brandão,Paolo Popoli,Inês Passos Tomás
This paper aimed to empirically deepen our understanding of the growing phenomenon of negative consumer-brand relationships in the Internet, striving to investigate “who and why” consumers join anti-brand communities against the top ten global brands. In particular, this study aims to investigate whether the consumers’ profile affects whether they develop negative feelings or not, and the main reasons
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The Impact of Changes in Basel Capital Requirements on the Resilience of African Commercial Banks Scientific Annals of Economics and Business Pub Date : 2022-01-20 Damilola Oyetade,Adefemi A. Obalade,Paul-Francois Muzindutsi
Focusing on a panel sample of 41 commercial banks over the period of 2000-2018, this study examined the effect of capital adequacy on the resilience of commercial banks in Africa under changing Basel levels (II, III, and the proposed Basel IV). The study created sample representative banks for the proposed Basel IV and used two measures, namely Z-score and CAMELS, to capture bank resilience. Using
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The Effect of Earnings Volatility on Stock Price Delay Scientific Annals of Economics and Business Pub Date : 2022-01-20 Joong-Seok Cho
In this study, I examine the relation between earnings volatility and stock price response delay. I study the effect of the uncertainty of earnings and their components on the stock price response to value-relevant information. For more volatile earnings and earnings components, it is more complex for investors to reliably understand and impound information into stock prices. When earnings and components
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How to Measure Flamenco Performer Value? A Cultural Economic Approach Scientific Annals of Economics and Business Pub Date : 2021-12-06 Jesús Heredia-Carroza,Helena Saraiva,Carlos Chavarría-Ortíz
This article designs an empirical methodology to measure the perceived value of the performers, specifically using the significant example of flamenco performer. The methodology is based on an Ordered Logit Model whose dependent variable is the valuation of the flamenco performer by spectators, which complements the research carried out by Heredia-Carroza (2019). The results show that virtuosity, feelings
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Who Participates in Popular Feasts and Festivals? An Empirical Approach from Cultural Economics Applied to the Carnival of Barranquilla (Colombia) Scientific Annals of Economics and Business Pub Date : 2021-12-02 Aaron Espinosa Espinosa,Luis Palma Martos,Luis Aguado Quintero
The empirical analysis of individual participation in local and popular feasts and festivals is a field little explored by cultural economists. This article proposes a methodological scheme to analyse the profile of the participants in local and popular feasts and carnivals, allowing the establishment of a taxonomy that captures the heterogeneity of the participants replicable to other festivities
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Cultural Participation and Subjective Well-Being in Latin America: Does Ethnic-Racial Ascription Matter? Scientific Annals of Economics and Business Pub Date : 2021-11-26 Javier Reyes-Martinez
Cultural participation has been evidenced to bring several benefits to the well-being of individuals. However, the analysis of this relationship has been addressed mostly in the context of Westernized countries, without considering the diversity of populations in Latin America. Therefore, the aim of this manuscript is to explore the association between cultural participation and subjective well-being
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Artificial Intelligence and Economic Growth: A Theoretical Framework Scientific Annals of Economics and Business Pub Date : 2021-11-26 Lei Wang,Provash Sarker,Kausar Alam,Shahneoaj Sumon
The growing adoption of Artificial Intelligence (AI) has sparked ubiquitous concerns worldwide. Artificial intelligence can affect economic growth and employment. The influence is assumed to be substantial because the adoption of AI technology may lead to increased productivity, lower wages, prices, and labor substitution. Artificial intelligence can affect global economic growth with its widespread
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Intellectual Capital, Technological Intensity and Firm Performance: The Case of Emerging Countries Scientific Annals of Economics and Business Pub Date : 2021-11-25 Mehtap Öner,Asli Aybars,Murat Çinko,Emin Avci
While neglecting the importance of technological intensity, most of the prior studies documented the positive contribution of intellectual capital (IC) to corporate financial performance. This study aims at analyzing the relation between IC and corporate financial performance addressing the technological intensity in different sectors from 17 emerging countries. The impact of IC, which is measured
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Instagram: Balancing Information Asymmetry of the Tourism Industry Scientific Annals of Economics and Business Pub Date : 2021-11-24 Josué Gutiérrez-Barroso,Alberto Javier Báez-García,Francisco Flores-Muñoz,Diego Valentinetti
This study focuses on the use of Instagram by tourism companies. Specifically, it aims to analyze how Instagram empowers individuals over corporations in the digital dialogue, thus balancing the information asymmetry between corporations and stakeholders. Four categories of metrics have been collected to analyze the use of Instagram by companies: presence, impact, conversation, and influence. Additionally
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Temporal Restriction and Interest for the Elderly on Cultural Participation. The Case of Spanish Performing Arts 2019 Scientific Annals of Economics and Business Pub Date : 2021-11-23 Blas DÍaz León,Ignacio Martinez Fernandez,Luis Palma Martos
This paper discusses the relationship of cultural participation in performing arts with the manifested interest. Using the data set from the Cultural Habits and Practices Survey 2018-2019 a binary probit model has been applied for the analysis. Emphasizing the role of aging in participation, especially for the group of the elderly and very old. The age variable is one of the most difficult variables
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Threshold Cointegration Approach for Assessing the Impact of US Economic Policy Uncertainty on Monetary Policy Decision of African Countries Scientific Annals of Economics and Business Pub Date : 2021-11-23 Prince Mensah Osei,Anokye Adam
This study uses threshold cointegration technique to ascertain the relationship between United States (US) economic policy uncertainty (EPU) and monetary policy rate (MPR) of each of the four African countries, namely Egypt, Ghana, Namibia and South Africa using monthly data from March 1998 to April 2020. The impact of US EPU on MPR of each country is assessed by examining the linear cointegration
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Public Funding of Research into Ethnological Activities in Andalusia (Spain): Boosting the Academic Career of Researchers Scientific Annals of Economics and Business Pub Date : 2021-11-23 Celeste Jiménez de Madariaga,Juan José García del Hoyo
The advent of democracy in Spain and the establishment of the different autonomous communities marked the beginning of a process to transfer political, economic and other competences over Culture and Cultural Heritage. Following its creation in 1984, the Ministry of Culture of the Andalusian Autonomous Government incorporated a Directorate-General for Cultural Assets into its organisational structure
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Volatility Exchange Rate and Economic Growth: Insight from ASEAN Member Countries Scientific Annals of Economics and Business Pub Date : 2021-11-23 Gatot Nazir Ahmad,Haryo Kuncoro,Harmuzan Tazril,Dicky Iranto
This study aims to determine the effect of exchange rate volatility on economic growth in the ASEAN member countries (Indonesia, Thailand, Vietnam, and Cambodia) through investment. Based on the previous studies, the researcher focuses on developing the initial research analysis because it can control different company levels' characteristics and then determine the impact of exchange rate changes on
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Determining the Return Volatility of Major Stock Markets Before and During the COVID-19 Pandemic by Applying the EGARCH Model Scientific Annals of Economics and Business Pub Date : 2021-10-18 Letife Özdemir,Ercan OZEN,Simon Grima,Inna Romānova
With this study, we aim to determine the effect of the Covid-19 pandemic on the return volatility of the DJI, the DAX, the FTSE100 and the CAC40 stock indexes. We take return volatility between 1st January 2019 and 17th July 2020 and split it into two separate periods - before the Covid-19 pandemic outbreak and the first wave of the ‘In-Pandemic’ period. Only the so-called first wave of the pandemic
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Advanced empirical research based on structural equation modeling (SEM) regarding the impact of tax revenue on GDP dynamics at EU-28 level Scientific Annals of Economics and Business Pub Date : 2021-09-27 Cristi Spulbar,Mohammad Ehsanifar,Ramona Birau,Arezoo Babaie,Daniel Iulius Doagă
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Do National Cultures Impact Mortgage and Financial Well-Being Levels? Evidence from Europe Scientific Annals of Economics and Business Pub Date : 2021-09-27 Rashed Isam Ashqar,Júlio Lobão
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To What Extent does CEO Behavior Enhance Risk-Taking? A Banking Sector Related Evidence Scientific Annals of Economics and Business Pub Date : 2021-09-27 Wafa Jilani,Jamel Chouaibi
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Changes in marketing management induced by the COVID-19 pandemic: Lithuanian organisations’ marketing landscape Scientific Annals of Economics and Business Pub Date : 2021-09-27 Miglė Šontaitė-Petkevičienė,Asta Kyguolienė,Viktorija Grigaliūnaitė
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Impact of motivations to buy and offer gifts in consumerism at Christmas Scientific Annals of Economics and Business Pub Date : 2021-09-27 Eulália Santos,Ana Diogo,Vanessa Ratten,Fernando Oliveira Tavares
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Teleworking and Emotional Experience and Wellbeing: The Case in the Turkish Financial Services Industry During COVID-19 Scientific Annals of Economics and Business Pub Date : 2021-09-27 Ercan Özen,Simon Grima,Bahattin Hamarat
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Effectiveness of monetary policy: Application of modified Peter and Clark (PC) algorithms under Graph-Theoretic Approach Scientific Annals of Economics and Business Pub Date : 2021-09-27 Rizwan Fazal,Md. Shabbir Alam,Umar Hayat,Naushad Alam
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Reposition of Forward-to-Backward Input-Output Analysis Scientific Annals of Economics and Business Pub Date : 2021-06-22 Argyrios D. Kolokontes
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COVID-19 and Stock Market Liquidity: An Analysis of Emerging and Developed Markets Scientific Annals of Economics and Business Pub Date : 2021-06-22 Godfrey Marozva,Margaret Rutendo Magwedere
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Productivity and Real Exchange Rate: Investigating the Balassa-Samuelson Effect and misalignment in Five African Countries Scientific Annals of Economics and Business Pub Date : 2021-06-22 Joel Hinaunye Eita,Zitsile Zamantungwa Khumalo,Ireen Choga
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Oil Price Shocks and Stock Markets in Oil Importing Countries: Evidence from Egypt, Morocco, and Jordan Scientific Annals of Economics and Business Pub Date : 2021-06-22 Demeh Daradkah,Josanco Floreani,Stefano Miani
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An Empirical Model of Motivation for Social Entrepreneurship Scientific Annals of Economics and Business Pub Date : 2021-01-01 Sorin Ioan Blaga
This paper responds to calls for more empirical research in social entrepreneurship (SE) and aims to empirically establish the role of intrinsic, extrinsic, and complex motivations, alongside employment status and the existence of start-up capital on motivation for SE. A quantitative methodology is employed, using multiple linear regressions (MLR). Six hypotheses are tested and the results reported
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House Price Shock and Business Cycle: The French Case Scientific Annals of Economics and Business Pub Date : 2021-01-01 Asma Ben Saad,Ahmad Alqatan,Muhammad Arslan
This study examined the relationship between house prices and the business cycle. Specifically, we examined the effect of house price and stock price in the French business cycle. After presenting the transmission channels from house price to the business cycle, we analyzed the cyclical properties of house prices and compared them with the Gross Domestic Product (GDP) cycle. The question arises: are
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Assessing the Benefits of an ERP Implementation in SMEs. An Approach from the Scientific Annals of Economics and Business Pub Date : 2021-01-01 Raquel Pérez Estébanez
The aim of the present study is to investigate by first-hand the level of satisfaction of the CEOs with the ERP system testing the benefits of its implementation on the company in four aspects, accounting, organizational, external or internal, that the adoption of an ERP system may entail to small and medium sized enterprises. A survey was designed to measure the accountants’ perception of the level
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What is Behind Extreme Negative Returns co-movement in the South Eastern European Stock Markets? Scientific Annals of Economics and Business Pub Date : 2021-01-01 Dragan Tevdovski,Viktor Stojkoski
This paper examines co-movement of extreme negative returns in the South Eastern European (SEE) stock markets during the period covering the recent financial crisis and sovereign debt crisis. The analysis is based on negative co-exceedances - joint occurrences of negative extreme returns in different countries stock markets. To provide a valuable insight on how persistence, asset class, volatility
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The Impact of Audit Characteristics on Corporate Tax Avoidance: The Moderating Role of Gender Diversity Scientific Annals of Economics and Business Pub Date : 2021-01-01 Rakia Riguen,Bassem Salhi,Anis Jarboui
The purpose of this paper is to investigate the relation between audit characteristics and corporate tax avoidance and how board gender diversity (BGDs) moderates this relationship. Using a sample of 270 UK firms over the 2005-2017 period, we find that audit characteristics influence the corporate tax avoidance. Two of them (specialization and audit fees) had a negative effect; the other one (audit
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The Effect of Economic Growth on Employment in GCC Countries Scientific Annals of Economics and Business Pub Date : 2021-01-01 Ousama Ben-Salha,Mourad Zmami
The objective of this research is to analyze the employment intensity of growth in six Gulf Cooperation Council countries between 1970 and 2017. To this end, a two-step econometric methodology is proposed. First, we estimate the time-varying employment intensity of growth using the time-varying parameters model based on the Kalman filter. Second, we identify the short and long-run determinants of the
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Unemployment Hysteresis: Attached or Mismatched? Scientific Annals of Economics and Business Pub Date : 2021-01-01 Özdemir Onur
This paper investigates the empirical significance of the unemployment problem whether it is structural or temporary on the basis of region-based, income-based and aggregate classifications of different countries for the yearly data from 1991 to 2018. In the first part of the paper, we examine the stationary position of unemployment series by way of using individual unit-root tests. Since the series
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University Behavior under Borrowing Constraints: The Effect of Students' Abilities Distribution Scientific Annals of Economics and Business Pub Date : 2021-01-01 Bralind Kiri
The interaction between a university and potential students is examined under the assumptions of financial constraints and of students' abilities following the pattern of a triangular distribution. Subsequently, a comparative statics analysis in terms of welfare and vectors composed of three components – namely quality, tuition fee and ability threshold – is provided. Results suggest that the mode
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The Role of Car Aesthetics on Consumers’ Decisions: An Example from Romania Scientific Annals of Economics and Business Pub Date : 2020-03-01 Corina Paula Tarţa,Ioana Plăiaş,Luis F. Martinez,Luisa M. Martinez
Visual impact is essential when consumers are assessing car preferences. The purpose of this paper is to present a holistic model focusing on car aesthetic dimensions and its impact on consumers’ purchase decisions. Our findings are based on a questionnaire completed by 388 participants and analyzed with SPSS and AMOS. The results show not only that the aesthetic dimensions such as color, shape and
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Environmental Audit and Environmental Disclosure Quality Scientific Annals of Economics and Business Pub Date : 2020-03-01 Moalla Marwa,Bassem Salhi,Anis Jarboui
In this study we explore the association between environmental audit and the quality of environmental disclosure as measured by voluntary and timely disclosure. Relying on a multiple theory framework and using a sample of 81 French non-financial companies listed on the SBF 120 index covering the six-year period from 2012 to 2017, we found a positive and statistically significant relationship between
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Does Polarized Political Environment Hamper Foreign Investors? The Evidence from Parliamentary Democracies Scientific Annals of Economics and Business Pub Date : 2020-03-01 Nino Kokashvili,Irakli Barbakadze
The socio-political characteristics of the host environment influence investment decisions. The complexity of the political setup strengthens the need for advanced research in the field. The main contribution of this article is to identify the party polarization as a separate dimension of the political system. This paper examines the relationship between the foreign direct investment (FDI) inflows
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Exploring Hedging Strategies Identified by Fractal Dimensions Scientific Annals of Economics and Business Pub Date : 2020-03-01 Lodewikus Jacobus Basson, Gary van Vuuren
A hedging strategy is designed to increase the likelihood of desired financial out-comes. Market speculators hedge investment positions if they are worth protecting against potential negative outcomes on the underlying investment. Such negative outcomes cannot be avoided altogether, but effective hedging can reduce impact severity. The investment strategy includes an index held by investors (long position)
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You Need Three Butterflies to Cause a Hurricane Scientific Annals of Economics and Business Pub Date : 2020-03-01 Gianluca Piero Maria Virgilio
The aim of this study is verifying the impact of high volatility, scarce liquidity and stop-loss orders on abnormal events like the May 6, 2010 Flash Crash. The paper assumes those three factors to be the main drivers, proposes a mathematical model based upon them and analyses audit trail data to verify whether those factors actually were at the origin of that event. It uses the concept of 'run', an
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The Transmission of Global Commodity Prices to Consumer Prices in a Commodity Import-Dependent Country: Evidence from Morocco Scientific Annals of Economics and Business Pub Date : 2020-03-01 Mounir El-Karimi, El-Ghini Ahmed
This paper uses the Breitung and Candelon (2006) causality test to examine the effect of global oil and food price changes on the inflation in Morocco over the period from 1998Q1 to 2018Q1. The results show significant transmission from oil and food prices to domestic inflation. Specifically, the food prices are shown more important than oil prices in explaining inflation in the short-run, which reflects
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A Conceptual Model of Social Entrepreneurial Motivation Scientific Annals of Economics and Business Pub Date : 2020-01-01 Sorin Ioan Blaga
This paper contributes to the theory of social entrepreneurship (SE) by analysing five generic motivations (extrinsic, intrinsic and complex motivations; employment status; and start-up capital) that credibly influence individuals’ intention to engage in SE. This research uses an exploratory and inductive methodology in analysing the literature across four schools of thought based on the research conceptual
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Audit Quality: A Bibliometric Analysis (1981-2020) Scientific Annals of Economics and Business Pub Date : 2020-01-01 Aysegul Ciger
The increase in the number of studies on audit quality and the interest of both researchers and authorities in the subject in recent years has been the motivation of the study. Bibliometry was chosen as a method in the study because it provides the opportunity to look at the literature of the area studied from a broad perspective. The study aims to make a bibliometric analysis of studies published
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See Now, Buy Now Model: A Passport to Fashion Brand Equity Scientific Annals of Economics and Business Pub Date : 2020-01-01 Amélia Maria Pinto da Cunha Brandão,Pedro Dourado,Luis Palma Martos
In a market accentuated by globalization and digital consolidation, high fashion brands start to rethink the way of producing, communicating and distributing their supply, adopting the See Now, Buy Now (SNBN) model to guarantee the possibility of instant gratification. Literature has been scarce concerning SNBN as a new paradigm of contemporary fashion, more particularly, in what concerns its relationship
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Brexit: An Exploratory Analysis of the Macroeconomic Effects on the British Economy Scientific Annals of Economics and Business Pub Date : 2020-01-01 João Alves Bento,António Portugal Duarte
This paper investigates the effects of the Brexit announcement on the British economy. For this, we use a counterfactual analysis methodology, predicting a set of macroeconomic variables of the British economy in a scenario where the Brexit announcement did not happen and measuring what drifted away from its effective value. To forecast the variables we use the ARIMA method. Our conclusions are that
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Using Machine Learning to Profit on the Risk Premium of the Nordic Electricity Futures Scientific Annals of Economics and Business Pub Date : 2020-01-01 Sebastião Helder,Pedro Godinho,Sjur Westgaard
This study investigates the use of several trading strategies, based on Machine Learning methods, to profit on the risk premium of the Nordic electricity base-load week futures. The information set is only composed by financial data from January 02, 2006 to November 15, 2017. The results point out that the Support Vector Machine is the best method, but, most importantly, they highlight that all individual
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Development Impact Bonds in Financing Flood Risk Management Scientific Annals of Economics and Business Pub Date : 2020-01-01 Marcin Wiśniewski,Krzysztof Łyskawa
In this paper, the authors propose a new innovative solution to financing flood prevention and financing its consequences using the development impact bonds model. Firstly, the necessity of financing the flood problem is to be described as a public task, including the presentation of previous methods and solutions. Secondly, the authors derive a new model for financing flood problems basing on development
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General Patterns and Drivers of Changes in Employment Structure: Evidence from Five European Countries Scientific Annals of Economics and Business Pub Date : 2020-01-01 Larysa Yakymova
This paper seeks to answer whether the general patterns and drivers of the sectoral employment shifts depend on a country’s level of development. To accomplish this, we examined employment in Germany, Hungary, Poland, Romania and Ukraine at the national level (1998-2018) using econometric analysis, and at the regional NUTS2 level (2009-2018) using shift-share analysis. We obtained evidence that the
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Automated vs Manual Content Analysis – A Retrospective Look Scientific Annals of Economics and Business Pub Date : 2020-01-01 Ionuț-Daniel Anastasiei,Mircea Radu Georgescu
Content Analysis, which is a part of qualitative analysis, has mainly been studied in scientific articles from health and medicine domains. With the emerge of social networks, there are new opportunities for content analysis, which can be used to analyse user generated content, from various sources. Nevertheless, the companies are investing millions of dollars in content analysis, which is often known
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Sponsoring Esports to Improve Brand Image Scientific Annals of Economics and Business Pub Date : 2020-01-01 Bruno Duarte Abreu Freitas,Ruth Sofia Contreras-Espinosa,Pedro Álvaro Pereira Correia
This research aimed to identify how esports sponsorships affect the sponsors’ brand image. An exploratory focus was adopted along with a convergent-parallel mixed method with equal status. Twenty-two experts in esports sponsorships were interviewed and 5,638 esports fans were surveyed. Quantitative data was processed on SPSS 25 and qualitative data on NVivo 10. The two data sets were analysed separately
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Short-term Overreaction in American Depository Receipts Scientific Annals of Economics and Business Pub Date : 2020-01-01 Júlio Lobão,Maria Eva Jerke
In this paper we examine for the first time the short-term predictability of American Depository Receipts (ADRs) in reaction to extreme price movements. Based on an analysis of 2,911 extreme price movements that took place within either normal trading hours or after-hours in the period 2001-2019, we conclude that those extreme returns were on average followed by significant reversals. This response
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FDI Determinants in the European Union: Empirical Application Scientific Annals of Economics and Business Pub Date : 2020-01-01 Alena Dorakh
The purpose of this paper is to verify and estimate, besides gravity factors, the individual country specific determinants in influencing FDI inflows to the selected countries. More than standard factors, we revile additional factors, which could explain the investment in the EU. In this context, we take into account the neighboring effects as an important motive for FDI inflows last time. Our findings
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Taxes for the People or for the Government? A Global Governance Perspective Scientific Annals of Economics and Business Pub Date : 2020-01-01 Sebastian Lazăr, Bogdan Gabriel Zugravu, Adina Dornean
The paper investigates the determinants of taxes collected net of public services for a sample of 104 countries from all over the world over 1996-2016 period. Starting from the assumption that what really matters for the taxpayer is the tax money that actually return to the society, after paying the cost of government, we introduce the concept of taxes collected net of public services as the difference
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Capital Maintenance Evolution using Outputs from Accounting System Scientific Annals of Economics and Business Pub Date : 2020-01-01 Renata Pakšiová, Denisa Oriskóová
Decision making based on information provided by an enterprise accounting information system, is essential for sustainable development and enterprises growth. Besides widely used prediction models for an assessment of the financial distress, there is also a useful indicator of a capital maintenance evolution, that provides a deeper view to the enterprise growth or decline compared to traditional performance
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Higher Education Funding and Economic Growth: Empirical Evidence from Croatia Scientific Annals of Economics and Business Pub Date : 2020-01-01 Maja Nikšić Radić, Hana Paleka
Deprived of investment in education, no country can expect sustainable economic growth and development. Higher education is particularly a priceless tool in today's era of globalization that requires continuous education to keep up with new knowledge. According to UNESCO (2014) , higher education is no longer a luxury; it is essential to national, social and economic development. The impact of education
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Gender Diversity in Boardrooms and on Supervisory Boards and its Relation to Stock Prices Scientific Annals of Economics and Business Pub Date : 2020-01-01 Marie Ligocká
Despite the fact that the labour force participation rate of women declined in the company bodies of publicly traded companies in 2017, there has been a growing representation of women in these positions in Europe. The representation of women is important due to the use of available human resources, the improvement in the quality of human capital and the positive effect on economic development. Gender
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The Relationship between the Exchange Rate, Interest Rate and Inflation: The Case of Turkey Scientific Annals of Economics and Business Pub Date : 2020-01-01 Ercan Özen, Letife Özdemir, Simon Grima
The purpose of the study is to measure the effects of changes in exchange rates and interest rates on inflation and to determine which of the exchange rates or interest rates has a greater impact on inflation rate following the July 15, 2016 coup attempt in Turkey. Our expectation is that similar to most authors is to find that there is a long-term relationship between the inflation rates and both
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How Sponsors Should Bring Relevant-Added Value to Esports Scientific Annals of Economics and Business Pub Date : 2020-01-01 Bruno Duarte Abreu Freitas, Ruth Sofia Contreras-Espinosa, Pedro Álvaro Pereira Correia
This paper aimed to determine what types of relevant-added value esports fans most want sponsors to bring to them and to the competitive gaming industry. A review of the literature permitted the development of a conceptual model which was subsequently improved by analysing empirical data. A quantitative exploratory research was conducted on 1,359 esports fans who were sampled through a non-probability