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Capital structure and its determinants in companies originating from two opposite sides of the European Union: Poland and Portugal Economics and Business Review Pub Date : 2022-01-01 Leszek Czerwonka,Jacek Jaworski
The aim of the paper is to identify differences in enterprises’ capital structure and its determinants in Poland and Portugal. The research applies statistical methods to the financial data of 22,775 Polish enterprises and 36,625 Portuguese enterprises for the years 2010–2017. The research results show that: (i) despite several years of ongoing economic integration in the EU differences in enterprises’
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Consumer perceived ethicality of banks in the era of digitalisation: The case of Poland Economics and Business Review Pub Date : 2022-01-01 Dariusz Piotrowski
Ethically conducted business has a positive impact on consumer trust, satisfaction and loyalty. The aim of this paper is to identify the bank activities that customers perceive as ethical and to what extent they affect consumer perceived ethicality. The binomial logit model applied in this study demonstrates that the honesty of financial advice, use of e-banking services and use of artificial intelligence
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Special state aid measures during COVID-19 and corporate dividend policy: Early evidence from Polish public companies Economics and Business Review Pub Date : 2022-01-01 Marta Kluzek,Katarzyna Schmidt-Jessa
The main aim of this paper is to verify whether companies that received special state aid as part of anti-crisis help to mitigate the negative effects of the coronavirus pandemic decided to pay dividends in 2020. The probability of paying dividend was lower for companies that were granted state aid, the variable was statistically significant and the impact was relevant. Among Polish listed companies
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Political alignment and the allocation of the COVID-19 response funds - evidence from municipalities in Poland Economics and Business Review Pub Date : 2022-01-01 Piotr Matuszak,Bartosz Totleben,Dawid Piątek
This paper aims to analyse the allocation of the COVID-19 response funds from the perspective of the political alignment hypothesis. The authors focus on the allocation of the second and third rounds of the Governmental Fund for Local Investments (part of the COVID-19 Response Fund) in Poland. Using the logit and OLS models and the regression discontinuity design the authors show that mayors aligned
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The monitoring role of multiple large shareholders and the catering effect of dividends: Evidence from Poland Economics and Business Review Pub Date : 2021-01-01 Aleksandra Pieloch-Babiarz
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Climate crisis, central banks and the IMF reform Economics and Business Review Pub Date : 2021-01-01 Anna Chmielewska,Andrzej Sławiński
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A synthesis of evolutionary and behavioural economics Economics and Business Review Pub Date : 2021-01-01 Jan Polowczyk
The article presents the current state of evolutionary economics against the backdrop of changes related to the potential use of the achievements of other social sciences, in particular psychology, as well as dynamically developing neuroscience. The article suggests a synthesis of evolutionary and behavioural economics concepts as a logical consequence of evolutionary cooperation processes in social
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Determinants of fiscal effort in sub-Saharan African countries: Does conflict matter? Economics and Business Review Pub Date : 2021-01-01 Princewill U. Okwoche,Chimere O. Iheonu
This study investigates the determinants of fiscal effort in sub-Saharan African (SSA) within the framework of fiscal reaction functions. Whereas previous studies focusing on SSA have mainly considered the economic non-debt determinants this study accounts for the role of conflict given its persistence in many SSA countries. It employs a variety of panel econometric methods that are applicable in tackling
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The EU Member States’ national healthcare systems compared using the single synthetic index Economics and Business Review Pub Date : 2021-01-01 Maciej Jankowiak
Implementation of health protection requires effective quantitative methods of its evaluation. Assessment could be based on usage of synthetic indices which aggregate couple input variables into a single measure. In this paper, the exploitation of a new synthetic index (by the author called HAI—the Healthcare Aggregated Index) was proposed with the aim of the assessment and long-term interstate comparisons
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Assessing the gender wage gap: Turkey in the years 2002–2019 Economics and Business Review Pub Date : 2021-01-01 Zeynep Aktaş Koral,Murat Anıl Mercan
Abstract This study investigates the wage differential and discrimination between genders in Turkey based on data taken from the nationally representative Turkish Household Labour Survey for 2002 to 2019. The Blinder–Oaxaca decomposition technique was used which was then integrated into the Heckman’s selection correction procedure. It was found that the gender wage gap is small in the Turkish labour
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The minimal-time growth problem and turnpike effect in the stationary Gale economy Economics and Business Review Pub Date : 2021-01-01 Emil Panek
Abstract In mathematical economics there is a number of so called “turnpike theorems” proved mainly on the basis of multiproduct models of economic dynamics. According to these theorems, all optimal paths of economic growth over a long period of time converge to a certain path (turnpike) in which the economy achieves the highest growth rate while remaining in a specific dynamic (von Neumann) equilibrium
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The relationship between information and communication technologies and female labour force participation in Turke Economics and Business Review Pub Date : 2021-01-01 Samet Tüzemen,Özge Barış-Tüzemen,Ali Kemal Çelik
Abstract The elimination of all forms of discrimination between the sexes is not only a fundamental human right but it also is very important to support all other areas of development, particularly sustainable development. The aim of this study is to empirically investigate the role of information and communication technologies on employment inequality in Turkey. Therefore, the relationship between
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Does volatility mediate the impact of analyst recommendations on herding in Malaysian stock market? Economics and Business Review Pub Date : 2021-01-01 Ooi Kok Loang,Zamri Ahmad
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Analysis of the relationship between countercyclical capital buffer and performance and risk indicators of the banking sector Economics and Business Review Pub Date : 2021-01-01 Furkan Yıldırım
Abstract This study aims to explain the association between the quarterly data obtained over the period 2007: Q2–2020: Q3 for Turkey and the countercyclical capital buffer (CCyB) proposed within the framework of Basel III with banking performance and risk indicators. For this purpose the association among the variables was analyzed using the ARDL model and by performing the Toda Yamamoto (T-Y) causality
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Distortionary effects of economic crises on policy coordination in Turkey: Threshold GMM approach Economics and Business Review Pub Date : 2021-01-01 Metin Tetik,Mustafa Ozan Yıldırım
This study investigates the interaction between fiscal and monetary policies and how crises affect the coordination between policymakers in Turkey. This study’s novelty is that a nonlinear Taylor rule indicating monetary policy response function is estimated based on the Threshold Generalized Method of Moments (Threshold GMM) methodology over the period January 2006—March 2020. The empirical findings
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Financial sustainability: An annotated bibliography Economics and Business Review Pub Date : 2021-01-01 Shivam Kakati,Arup Roy
The literature on financial sustainability is scattered in such a way that a synthesis is indispensable. The present study on an annotated bibliography of financial sustainability seeks to fill this particular gap by presenting a collation of published literature in the sphere. The sectorial analysis depicted that ability to cover the costs from its own resources and ability to pay debt were the key
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Economic fluctuations in a model with an overlapping structure of employment Economics and Business Review Pub Date : 2021-01-01 Toyoki Matsue
This study presents a dynamic general equilibrium model with an explicit employment period and investigates economic fluctuations to a temporary productivity shock. Numerical experiments indicate oscillatory responses of new hiring and employment to the shock which are not observed in a standard flexible price model. The explicit employment period constructs an overlapping structure of employment which
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Escalation of commitment is independent of numeracy and cognitive reflection. Failed replication and extension of Staw (1976) Economics and Business Review Pub Date : 2021-01-01 Michał Białek,Michał Węgrzyn,Ethan A. Meyers
First demonstrated by Staw (1976), escalation of commitment is the tendency for an individual to increase their commitment to a failing course of action when they are personally responsible for the negative consequences. An attempt was made to replicate this finding and test whether individual differences in numeracy and cognitive reflection could help explain such an effect. No evidence for escalation
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Fostering sustainable development through the European Digital Single Market Economics and Business Review Pub Date : 2021-01-01 Ewa Latoszek
Abstract The aim of the study is twofold. Firstly, it is believed to be the first study of its kind to explore the interconnectivity of the current stage of the EU’s Digital Single Market (DSM)3 (European Commission, 2015c) and its development prospects within the framework of the EU and its Member States’ SD approach. Secondly, it provides further evidence for the policy debate on the essential priorities
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“Every knock is a boost”. Cyber risk behaviour among Poles Economics and Business Review Pub Date : 2021-01-01 Ewa Cichowicz,Małgorzata Iwanicz-Drozdowska,Łukasz Kurowski
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Agricultural commodities: An integrated approach to assess the volatility spillover and dynamic connectedness Economics and Business Review Pub Date : 2021-01-01 Arunendra Mishra,R Prasanth Kumar
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What did it take for Lucas to set up ‘useful’ analogue systems in monetary business cycle theory? Economics and Business Review Pub Date : 2021-01-01 Peter Galbács
This paper provides a look into what Lucas meant by the term ‘analogue systems’ and how he conceived making them useful. It is argued that any model with remarkable predictive success can be regarded as an analogue system, the term is thus neutral in terms of usefulness. To be useful Lucas supposed models to meet further requirements. These prerequisites are introduced in two steps in the paper. First
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Small area quantile estimation based on distribution function using linear mixed models Economics and Business Review Pub Date : 2021-01-01 Tomasz Stachurski
In economic studies researchers are often interested in the estimation of the distribution function or certain functions of the distribution function such as quantiles. This work focuses on the estimation quantiles as inverses of the estimates of the distribution function in the presence of auxiliary information that is correlated with the study variable. In the paper a plug-in estimator of the distribution
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The impact of environmental, social and corporate governance responsibility on the cost of short- and long-term debt Economics and Business Review Pub Date : 2021-01-01 Piotr Ratajczak,Grzegorz Mikołajewicz
The aim of the paper is to examine the impact of environmental, social and corporate governance (ESG) responsibility on the short- and long-term cost of debt. Linear regression was applied to a unique dataset on CSR and cost of debt for 300 companies recognized in 2017 by Corporate Knights as the most sustainable companies in the world. The question about the link between CSR and cost of debt is important
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On some analogies between one-criterion decision making under uncertainty and multi-criteria decision making under certainty Economics and Business Review Pub Date : 2021-01-01 Helena Gaspars-Wieloch
One-criterion decision making under uncertainty (1-DM/U) is related to situations in which the decision maker (DM) evaluates the alternatives on the basis of one objective, but e.g. due to numerous uncertain future factors some parameters of the problem are not deterministic. Instead of entirely known paramaters, a set of possible scenarios is available. Multi-criteria decision making under certainty
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Factors influencing the use of trade credit in financing Polish listed companies Economics and Business Review Pub Date : 2021-01-01 Aleksandra Duliniec,Natalia Świda
Abstract The aim of this article is to identify the most important factors influencing the use of trade credit and to assess their significance for Polish listed companies taking into consideration the role of trade credit as a source of financing. Theoretical and empirical literature does not provide clear guidance regarding factors influencing the use of trade credit. In this study the linear regression
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Germany’s attitude towards the enlargement of the eurozone Economics and Business Review Pub Date : 2021-01-01 Sebastian Płóciennik
Abstract The purpose of this paper is to answer the question as to why Germany is cautious towards a faster enlargement of the euro area. The usual explanation focuses on concerns that some of the candidate countries are not economically ready to adopt the common currency and their membership could destabilize the monetary union. However, such an approach does not take into account other factors that
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Repeated weighting in mixed-mode censuses Economics and Business Review Pub Date : 2021-01-01 Marcin Szymkowiak,Kamil Wilak
Abstract The main aim of the paper is to use the repeated weighting (RW) method on data from the National Census of Population and Housing 2011 (NCPH) and Labour Force Survey (LFS) to ensure consistency between margins of final tables derived from different statistical sources. This technique, based on different data sources, would ensure consistency between estimates in final output tables. This is
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Financial cooperation initiatives in Latin America: Conditions of origins, subsistence and eventual vanishing Economics and Business Review Pub Date : 2020-01-01 Elia Elisa Cia Alves,André Martins Biancarelli
Abstract Why do countries engage in Regional Financial Cooperation (RFC) initiatives and why they may give up on them? Under which conditions are those mechanisms born and how may changes affect their performance? Although comparative studies have been a prolific strategy to investigate RFC the focus on the experiences of a specific region may reveal new insights. Therefore the aim of this paper is
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(Re)-Structuring the CEO's Compensation-the Case of Israel Economics and Business Review Pub Date : 2020-01-01 Katarzyna Mroczek-Dąbrowska,Yaron Shemesh
The executive compensation issue continues to cause protest due to the increasing number of cases of an unjustifiably high level of pay. The main conflict arises from the misalignment of interests between the short-term expectations of the manager and long-term needs of the shareholders. Since there are no universal rules on how to price the executive performance companies reach for different means
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Searching for similarities in EU corporate income taxes for their harmonization Economics and Business Review Pub Date : 2020-01-01 Edyta Małecka-Ziembińska,Anna Siwiec
Abstract The purpose of this paper is to answer the question whether, despite the differentiation of the corporate income tax in the European Union, there are similarity patterns allowing for the harmonization of the bases of this tax. The analysed CIT static data both quantitative and qualitative concerns the years 2018 and 2020. The method of hierarchical cluster analysis allowed a grouping of EU
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Inequality and politics in Brazil: Bolsa Familia and beyond Economics and Business Review Pub Date : 2020-01-01 Ladislau Dowbor
Abstract The Bolsa Familia program of money transfers to the roughly 50 million poor at the bottom of the pyramid is internationally known but its success was grounded in a much wider set of 149 programs constituting an integrated and inter-sector policy. With inequality presently soaring not only in Brazil but throughout the world the aim of this paper is to understand how inclusive and sustainable
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Growth-Maximizing Public Debt in Turkey: an Empirical Investigation Economics and Business Review Pub Date : 2020-01-01 Gokay Canberk Bulus
The aim of the paper is to empirically estimate the growth-maximizing debtto-GDP ratio in the case of Turkey. To calculate the growth-maximizing debt-to-GDP ratio FMOLS, DOLS, and CCR estimators are used for the period from 1960-2013. According to the empirical findings the growth-maximizing debt-to-GDP ratio varies between 34.3% and 38.7%. Based on a comparison of these ratios to current data (29
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The Impact of Private Capital Flows on Economic Growth in the MENA Region Economics and Business Review Pub Date : 2020-01-01 Ben-Salha Ousama,Zmami Mourad
The aim of the article is to conduct an empirical analysis of the impact of aggregate and disaggregate private capital flows on economic growth in eleven MENA countries between 1980 and 2018. Unlike prior empirical studies, the fixed effect panel quantile approach developed by Canay (2011) is implemented. Findings suggest that there is a significant difference in the effects of private capital flows
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Importance and Motives of Preferential Trade Agreements in the EU's External Trade Economics and Business Review Pub Date : 2020-01-01 Elżbieta Kawecka-Wyrzykowska
As a result of previous multilateral negotiations tariff rates are generally low and cannot explain the reasons for recent proliferation of preferential trade agreements (PTAs). The aim of the paper is to look for other motivations of EU PTAs and to assess their importance for the EU. The main research methods are statistical, review and assessment of WTO documents and critical analysis of literature
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Efficiency of services in CEE countries—case study of Poland and Belarus Economics and Business Review Pub Date : 2020-01-01 Elżbieta Skąpska,Ewa Rollnik-Sadowska
Abstract The aim of the paper is to identify determinants of the efficiency of service companies from two Central and Eastern European (CEE) countries4—Poland and Belarus. These transition economies represent different economic and systemic conditions. That is why it is worth analyzing whether external conditions determine internal efficiency factors in service companies. In order to achieve that aim
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Income gaps: Education and inequality Economics and Business Review Pub Date : 2020-01-01 Julián Leone,Jorge Lo Cascio
Abstract The aim of this paper is to analyze the employment-related real income gaps according to the education level reached by the working population during the 1997–2017 period. Using a panel methodology (pseudo-cohorts) it sums up that throughout recession, employment-related real income gaps by education level are wider, amplifying income inequality. During the economic boom the narrowing of the
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Empirical Analysis of the Relationship between Trade Wars and Sea-Air Transportati Economics and Business Review Pub Date : 2020-01-01 Kasım Kiracı,Akan Ercan
The aim of this paper is to empirically analyse the relationship between the trade wars and modes of transport for selected countries. For this purpose the causality relationship between trade value and sea transport / air transportation for EU-G20 and US-G20 countries was examined. Panel causality analysis was used as a method in the study. The empirical findings of the study show the existence of
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Boardroom Leadership: the Board of Directors as a Source of Strategic Leadership Economics and Business Review Pub Date : 2020-01-01 Julio David Castellanos, Babu George
Abstract The aim of this paper is to bring together some of the foundational and recent literature interlinking corporate governance and the leadership role of the board of directors. Strategic leadership is widely assumed to be a responsibility that defaults to the Chief Executive Officers (CEOs). However, in practice, what most CEOs do is strategic management rather than strategic leadership. While
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Determinants of the non-Performing Loan Ratio in the European Union Banking Sectors with a High Level of Impaired Loans Economics and Business Review Pub Date : 2020-01-01 Radosław Ciukaj, Krzysztof Kil
Abstract In the article an attempt is made to identify the quality of credit exposure determinants of banks in European Union countries that were characterized by a high level of impaired loans at the end of 2017 (Bulgaria, Croatia, Cyprus, Italy, Ireland, Greece, Portugal). Using the static panel-based approach the non-performing loan (NPL) determinants for the period from 2011 to 2017 were analyzed
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Integration of Immigrants and the Role of Policy in the OECD Countries Economics and Business Review Pub Date : 2020-01-01 Katarzyna Woźniak
Abstract With the increase in global spatial mobility the importance of migration policy (including integration policy) is increasing day by day, both in developed countries and new market economies. In the course of the research on migration policy various measures were constructed. Even though the particular measures relate to different areas of migration policy, they do not refer to the effectiveness
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Does the Inclusion of Exposure to Volatility into Diversified Portfolio Improve the Investment Results? Portfolio Construction from the Perspective of a Polish Inwestor Economics and Business Review Pub Date : 2020-01-01 Michał Latoszek, Robert Ślepaczuk
Abstract The main goal of this research is to analyse the investment benefits from an incorporation of the volatility exposure to the diversified portfolio from the perspective of a Polish investor. Volatility, treated as a new asset class, may improve the performance of the portfolio due to its negative correlation with most types of assets. This topic has been widely investigated for the United States
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Macroeconomic performance of the Israeli economy in the 21st millennium Economics and Business Review Pub Date : 2020-01-01 Yochanan Shachmurove, Ben-Zion Zilberfarb
Abstract The Israeli economy in the first two decades of the 21st century is an example of an economic transformation that may serve as a role model for addressing many challenges to economic growth. Data from this period have shown significant developments in economic growth over this relatively short period of time and indicate that these advances are attributable to policies targeting inflation
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Endogenous task-based technical change—factor scarcity and factor prices Economics and Business Review Pub Date : 2020-01-01 Andreas Irmen
Abstract This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless, labour scarcity induces labour productivity growth. There is a weak but no strong absolute equilibrium
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The dynamics of theories of economic growth: An impact of Unified Growth Theory Economics and Business Review Pub Date : 2020-01-01 Paweł Kawalec
Abstract The aim of this paper is to examine a complex pattern of mutual interdependence between Unified Growth Theory (subroutine) and the evolution of the entire field of economic growth theories (main routine) from a philosophical and methodological perspective. The analysis utilises the recently introduced concept of research routine (and respectively, subroutine) aimed at an explanation of the
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Editorial introduction Economics and Business Review Pub Date : 2020-01-01 Andreas Irmen
“Poverty has no causes, wealth has causes”—this statement, attributed to the development economist Peter Bauer (1915-2002),1 may serve as the title of a book on the entire history of growth theory since Adam Smith’s An inquiry into the nature and causes of the wealth of nations (Smith, 1776). Indeed to understand why the standard of living differs across people, countries and time we need to understand
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Almost “very strong” multilane turnpike effect in a non‑stationary Gale economy with a temporary von Neumann equilibrium and price constraints Economics and Business Review Pub Date : 2020-01-01 Emil Panek
Abstract Mathematical models of economic dynamics and growth are usually expressed in terms of differential equations/inclusions (in the case of continuous time) or difference equations/inclusions (if discrete time is assumed).3 This class of models includes von Neumann-Leontief-Gale type dynamic input-output models to which the paper refers. The paper focuses on the turnpike stability of optimal growth
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The journey of humanity: Roots of inequality in the wealth of nations Economics and Business Review Pub Date : 2020-01-01 Oded Galor
Abstract This essay explores the journey of humanity since the emergence of Homo sapiens 300,000 years ago. It analyses the critical role of Unified Growth Theory in resolving two fundamental mysteries that had characterized this journey: (i) The mystery of growth—why did living standards stagnate for most of human history and what led to their sudden soar 200 years ago? (ii) the mystery of inequality—what
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overnance and competitiveness in global value chains: A comparative study in the automobile and textile industries Economics and Business Review Pub Date : 2019-01-01 José Pla-Barber, Cristina Villar
Abstract In this paper the configuration of the value chains in the automobile and the textile industries building on a theoretical review of the value chain concept, its different typologies and governance models are analised. At the empirical level these chains are classified according to the most relevant participating actors, their interrelations and their methods of upgrading their competitiveness
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Prices of works of art by living and deceased artists auctioned in Poland from 1989 to 2012 Economics and Business Review Pub Date : 2019-01-01 Adrianna Szyszka, Sylwester Białowąs
Abstract Art is increasingly perceived as an investment asset among investors in Poland. In order to achieve high rates of return it is crucial to identify the main factors affecting the value of the works of art in the art market. Death of the artist seems to be one of the essential determinants influencing art market prices. The main aim of the study is to examine if the artist’s living status (i
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Mandatory audit rotation and audit market concentration – evidence from Poland Economics and Business Review Pub Date : 2019-01-01 Magdalena Indyk
Abstract The new audit regulation came into force in Poland in 2017 and imposed mandatory audit rotation. The new regulation aims to strengthen the auditor’s independence but it might also affect concentration on the audit market. The aim of this paper was to analyse whether mandatory audit rotation has a potential to reduce the audit market concentration in Poland. The sample included 198 capital
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Does corporate governance influence firm performance? Evidence from India Economics and Business Review Pub Date : 2019-01-01 Rupjyoti Saha, Kailash Chandra Kabra
Abstract Corporate Governance (CG) in India has undergone major transformation in the recent past with the enactment of Companies Act, 2013 and revision of SEBI’s Listing Agreement. Though some studies were undertaken in the Indian context few conventional aspects of CG have been repetitively addressed with conflicting results. The aim of this study is to examine the impact of some prominent CG attributes
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An analysis of the logistics performance index of EU countries with an integrated MCDM model Economics and Business Review Pub Date : 2019-01-01 Alptekin Ulutaş, Çağatay Karaköy
Abstract Countries can check the performance of their logistics’ activities to determine their competitiveness in trade logistics. One way to check these performances is to analyze the country’s LPI value in detail which is released by the WB every two years. When calculating the LPI, six indicators (criteria) are taken into account. The weights (importance level) of these criteria are important for
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Unpacking the provision of the industrial commons in Industry 4.0 cluster Economics and Business Review Pub Date : 2019-01-01 Marta Götz
This paper argues that provision of industrial commons (IC), might be considered as a crucial factor of a cluster’s attractiveness in digital transformation, e.g. in Industry 4.0 (I4.0) time. By drawing on the qualitative case study method of Hamburg Aviation cluster (HAv), it aims at exploring the nature of IC in the leading German I4.0 cluster. Proximity emerges, even if sometimes not explicitly
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Competition and globalisation in economic sciences. Selected aspects Economics and Business Review Pub Date : 2019-01-01 Marian Gorynia
Abstract The aim of the paper is to identify and assess the role of economic sciences in relation to competitiveness and globalisation, two basic concepts of the market economy. This role is to explain and interpret their essence but also to determine their potential practical usefulness, primarily in the context of economic policy development. The considerations mentioned in the article are, as a
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The dimensions of national competitiveness: The empirical analysis based on The World Economic Forum’s data Economics and Business Review Pub Date : 2019-01-01 Hanna G. Adamkiewicz
Abstract The aim of this research is to determine the minimum number of uncorrelated dimensions which can describe national competitiveness (NC). NC is thought of as the ability of a nation to provide a conducive environment for its firms to prosper. It is shown that the environment affects national productivity catalytically through the interactions with the production factors while itself remaining
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Technological competitiveness of the EU member states in the era of the fourth industrial revolution Economics and Business Review Pub Date : 2019-01-01 Marzenna Anna Weresa
Abstract The aim of this paper is to investigate the implications of the fourth industrial revolution for technological competitiveness, its definition and measurement methods. An empirical part is aimed at identifying comparative advantages of the European Union in digital technologies. Recently new approaches have appeared to measure digital competitiveness, however they use a broad definition of
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Acceptance Address on the Occasion of the Award of an Honorary Doctorate from the Poznań University of Economics and Business Economics and Business Review Pub Date : 2019-01-01 Michael E. Porter
First let me thank all of you for this wonderful recognition and for the generous laudations. As I was listening, I could not help thinking about the history and evolution of my body of work. While my work covers a broad range of fields, it is all connected. Work in one field influences new thinking about others. All my work is based on a broad, systemic view of competition at multiple levels and its
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Exploring Service Quality of Low-Cost Airlines in Europe: an Integrated MCDM Approach Economics and Business Review Pub Date : 2019-01-01 Mahmut Bakır, Şahap Akan, Emrah Durmaz
Abstract This study aims to evaluate service quality performance of major LCCs (Low Cost Carriers) in Europe by the MCDM (Multi-Criteria Decision Making) methodology. In addition it focuses on managerial business models and includes the international airline service providers that have applied the cost leadership strategy. In the study passenger reviews based on customer-rating systems are adopted
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'Dark Matter' in the External Sector of the United States Economics and Business Review Pub Date : 2019-01-01 Konrad Sobański
Abstract The aim of this paper is to examine the ‘dark matter’ assets in the external sector of the United States in the period 1999:Q1-2018:Q3. The paper investigates data on the balance of payments and international investment position for the US and a group of 18 economies. The research reveals that the US is a privileged economy with respect to foreign income on international investments. The rates