95 results on '"Eleftherios Thalassinos"'
Search Results
2. Economic Activities and Management Issues for the Environment: An Environmental Kuznets Curve (EKC) and STIRPAT Analysis in Turkey
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Mortaza Ojaghlou, Erginbay Ugurlu, Marta Kadłubek, and Eleftherios Thalassinos
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CO2 emissions ,energy ,economics ,management ,environmental Kuznets curve ,STIRPAT ,Science - Abstract
The emission of air pollutants from energy production and consumption is a major cause of environmental problems. In addition, urbanisation and CO2 emissions have become major environmental concerns that are closely related to climate change and sustainable economic growth. The purpose of this paper is to investigate the long-run relationship among CO2 emissions, energy consumption, economic activities, and management issues for Turkey for the period between 1980 and 2021. The STIRPAT hypothesis and the environmental Kuznets curve (EKC) hypothesis were employed by using dynamic conditional correlation (DCC) and ARDL bound methodologies for these goals. The findings indicate that there is a long-run relationship between variables of the STIRPAT model. The coefficient of economic expansion and energy consumption affected CO2 emissions positively, which means that energy consumption and the expansion of economic activity have significant effects on environmental degradation. Those results are also confirmed by the environmental Kuznets curve (EKC) model. In addition, the N-shaped environmental Kuznets curve (EKC) is developed for Turkey. The DCC model also shows that economic growth increases CO2 emissions significantly, and energy productivity can be considered for decreasing CO2 emissions.
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- 2023
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3. A Comparison of Competing Asset Pricing Models: Empirical Evidence from Pakistan
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Eleftherios Thalassinos, Naveed Khan, Shakeel Ahmed, Hassan Zada, and Anjum Ihsan
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capital asset pricing model ,Fama–French models ,human capital ,Karachi stock exchange ,Insurance ,HG8011-9999 - Abstract
In recent years, the rapid and significant development of emerging markets has globally led to insight from potential investors and academicians seeking to assess these markets in terms of risk inheritance. Therefore, this study aims to explore the validity and applicability of the capital asset pricing model (henceforth CAPM) and multi-factor models, namely Fama–French models, in Pakistan’s stock market for the period of June 2010–June 2020. This study collects data on 173 non-financial firms listed on the Pakistan stock exchange, namely the KSE-100 index, and follows Fama-MacBeth’s regression methodology for empirical estimation. The empirical findings of this study conclude that small portfolios (small-size companies) earn considerably higher returns than big portfolios (large-size companies). Ultimately, the risk associated with portfolio returns is reported to be higher for small portfolios (small-size companies) than for big portfolios (large-size companies). According to the regression output, the CAPM was found to be valid for explaining the market risk premium above the risk-free rate. Similarly, the FF three-factor model was found to be valid for explaining time-series variation in excess portfolio returns. Later, we added human capital into FF three- and five-factor models. This study found that the human capital base six-factor model outperformed the other competing asset pricing models. The findings of this study indicate that small portfolios (small-size companies) earn more returns than big portfolios (large-size companies) to reward the investor for taking extra risks. Investors may benefit by timing their investments to maximize stock returns. Company investment in human capital adds reliable information, replicates the value of the company and, in the long term, helps investors make rational decisions.
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- 2023
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4. Optimal Structure of Real Estate Portfolio Using EVA: A Stochastic Markowitz Model Using Data from Greek Real Estate Market
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Theofanis Petropoulos, Konstantinos Liapis, and Eleftherios Thalassinos
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real estate risk models ,mathematical risk models ,finance ,decision making ,optimum risk ,Insurance ,HG8011-9999 - Abstract
The purpose of this paper is to examine the issue of portfolio optimization. Optimization consists of minimizing the risk for a given rate of return or achieving a bigger return for a given level of risk. We use historical data from the Bank of Greece to calculate the net return and the standard deviation (std) for each type of property that is available. The objective is to maximize the economic value added (EVA) of a property’s assets portfolio under a specific rate of standard deviation, following the classic Markowitz model (M-V). The stochastic procedure entry in the model uses the Monte Carlo Simulation method with debt to equity (DTE) following PERT distribution for the portfolio’s invested budget, and the net return for the normal distribution with the mean of the expected return and std are taken from historical data, correspondingly. The returns verify that they follow the base assumption of normality through the Lilliefors test in the Greek real estate market. We observe the maximization of EVA and the expected return maximizing concurrently, but the minimizing risk of EVA is diversified with the minimization of portfolio risk. We observe that the max weight that a residential asset takes is 22.7% because a bigger percent reduces both mean and std. The study provides an explicit portfolio optimization procedure under uncertainty in the real estate market and enriches the academic debate about EVA and revenue.
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- 2023
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5. Measuring active ageing within the European Union: implications on economic development
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Eleftherios Thalassinos, Mirela Cristea, and Gratiela Georgiana Noja
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active ageing index ,european union ,economic development ,labour market ,macro-econometric modelling ,Economic theory. Demography ,HB1-3840 - Abstract
Research background: The ageing phenomenon undermines the stability and equilibrium of the labour market and it affects the economic development of countries, as well as the welfare of older people aged over 65 years. Purpose of the article: Against this background, our research is conducted to assess the specific ways in which active ageing (measured through the active ageing index — AAI), correlated with other economic and labour market credentials, would impact the economic development of EU Member States. Methods: The research methodology consists of two econometric procedures, namely (i) cluster analysis performed on EU–28 countries to configure congruent groups according to similar features of the active ageing (measured through the Active Ageing Index — AAI) and Gross Domestic Product (GDP) levels, respectively (ii) panel data analysis, applied distinctly on two panels, EU–15 (old) and EU–13 (new), relying on four macro-econometric models (robust regression, panel corrected standard errors, spatial lag and spatial error), in order to test the direct influences of AAI and other economic and social selected variables on economic development. The analysis is made for the 2010–2018 lapse of time, by capturing all the available data for the AAI as reported by the European Commission. Findings & Value added: The results highlight important dissimilarities between the EU countries that require a rethinking of policies for the active ageing population support. Thereby, constant policy rethinking, adequate strategies, measures and tools for the active ageing population support become outlier keystones that entail a successful integration of the older people within all life dimensions.
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- 2019
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6. Editorial: Risk Management Models and Theories Volume II
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Simon Grima and Eleftherios Thalassinos
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Risk models ,Risk management ,Risk measurement ,Risk forecasting ,Risk theories ,Applied mathematics. Quantitative methods ,T57-57.97 ,Probabilities. Mathematical statistics ,QA273-280 - Published
- 2021
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7. Intelligent Transportation System Applications and Logistics Resources for Logistics Customer Service in Road Freight Transport Enterprises
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Marta Kadłubek, Eleftherios Thalassinos, Joanna Domagała, Sandra Grabowska, and Sebastian Saniuk
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smart mobility ,smart city ,logistics customer service ,management ,Intelligent Transportation System application ,logistics resources ,Technology - Abstract
Road freight transport involves many adversities, along with the growing effect of carbon dioxide transmitted by vehicles on the natural environment, greenhouse gas emissions, or extensive energy use. Within the smart mobility concept, the acknowledged management of enterprises’ relationships with customers within their service is profoundly determined by the deployment of compelling Intelligent Transportation Systems (ITSs) applications in forming united cooperation with the customers. The paper proposes selected ITS applications as an advancement of logistics customer service in road freight transport enterprises that is divided into a group of six applications which are critical within the area of vehicle support, improving the energy efficiency of transport and reducing the negative impact of transport on the natural environment, reducing transport time but increasing connectivity and comfort, as well as a group of ten different applications chosen as crucial for general management support and increasing accessibility, cohesiveness, and control in management processes in road freight transport enterprises. The study also presents the effect of ITS applications on logistics customer service as dependent on an alignment between the group of ITS applications and logistics resources of road freight transport enterprises. The model proposed in the paper was analyzed based on the survey data obtained from 164 road freight transport enterprises in Poland.
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- 2022
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8. Managerial Issues Regarding the Role of Natural Gas in the Transition of Energy and the Impact of Natural Gas Consumption on the GDP of Selected Countries
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Eleftherios Thalassinos, Marta Kadłubek, Le Minh Thong, Tran Van Hiep, and Erginbay Ugurlu
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natural gas ,unconventional gas ,shale gas ,energy transition ,energy management model ,Science - Abstract
Natural gas is considered an important bridge in the transition of energy in the world. However, the development and management of unconventional gas now face many challenges. This paper aims to provide an overview of what would be required to formulate and implement the trend of energy transition and natural gas use in the world. Selected managerial issues regarding the role of natural gas are presented, including chosen statistical data on natural gas consumption, forecasts for the demand for natural gas, and the potential of unconventional gas. The empirical part of the study examines the impact of natural gas consumption on the GDP of 14 G20 countries during the period of 1994 to 2018. The pooled mean group model (PMG) is employed in this study. Based on the cointegration test results, it was found that natural gas consumption and population have a long-run relationship with CO2 emissions. Consistent with other studies, we found a positive relationship between CO2 emissions and natural gas consumption, GDP, and population.
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- 2022
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9. Environmental, Social and Governance Credentials of Agricultural Companies—The Interplay with Company Size
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Mirela Cristea, Graţiela Georgiana Noja, Eleftherios Thalassinos, Daniel Cîrciumaru, Constantin Ștefan Ponea, and Carmen Claudia Durău
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agricultural companies ,environmental ,social ,and governance measures ,resource management ,the size of the companies ,Science - Abstract
Based on the significance of the corporate social responsibility (CSR) activities, respectively, the Environmental, Social and Governance (ESG) measures, for companies’ advancement in the fields of agriculture, the purpose of our study is to appraise how the ESG measures influence the size of public companies from the agricultural sectors, with particular attention on the environmental pillar. The research methodology consists in applying two econometric procedures to assess the direct effects of the ESG activities on the size of public agricultural firms by models of robust regression (RREG) and to appraise global implications of ESG measures on companies’ dimension by models of structural equations (SEM). Data encloses the ESG indicators, focusing on environmental indicators and agricultural companies’ size (proxied by total assets), extracted from the Thomson Reuters Refinitiv Eikon database for the fiscal year 2020. Main results reveal that several components of the ESG measures, especially the environmental ones, may influence the size of the agricultural companies, given the significant companies’ strengths in implementing CSR actions to ensure sustainable resource management. We propose adequate strategies for companies to provide robust resource management and proper integration of the environmental credentials.
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- 2022
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10. Editorial: Risk Management Models and Theories
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Simon Grima, Jonathan V. Spiteri, and Eleftherios Thalassinos
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risk models ,risk management ,risk measurement ,risk forecasting ,risk theories ,Applied mathematics. Quantitative methods ,T57-57.97 ,Probabilities. Mathematical statistics ,QA273-280 - Published
- 2020
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11. Interlinkages between Government Resources Management, Environmental Support, and Good Public Governance. Advanced Insights from the European Union
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Gratiela Georgiana Noja, Mirela Cristea, Eleftherios Thalassinos, and Marta Kadłubek
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government spending management ,environmental support ,good governance ,economic welfare ,European Union ,Science - Abstract
Good governance requires efficiency and effectiveness in public sector management, a sound legal framework, enhanced coordination, credibility, and transparency of the actions that support financial stability. Connecting these actions, there are significant interlinkages between government spending management and economic development. The research conducted within this paper is set to assess the overall relationships within general government spending management, with a keen focus on government support for environmental protection and good public governance at the European Union (EU) level. The study investigates the cumulative effects of good public governance dimensions on economic welfare and poverty lessening. The dataset covers the period 1995–2017, and the methodological credentials are based on the structural equation modelling technique. The main results indicate that not only does government expenditure (including environmental support) shape good public governance, but the enhancements in good governance dimensions also have important spillovers on government spending regarding significant bidirectional connections. As for the overall implications, the estimations show that only general government expenditure has induced welfare increases, while environmental support does not generate the same positive effects. Ultimately, the all-embracing impact of considered governance dimensions is beneficial, leading to a downsizing of poverty within the EU.
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- 2021
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12. The Regulation Framework for the Banking Sector: The EMU, European Banks and Rating Agencies before and during the Recent Financial and Debt Crisis
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Eleftherios Thalassinos
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Banking ,Regulations ,Financial Crisis ,Debt Crisis ,EMU ,Political science (General) ,JA1-92 - Abstract
A regulation framework for the banking sector should be characterised by transparency,responsibility and performance in several important areas. These areas are the global and Europeanframework for corporate financial reporting (CFR), risk management (RM), stockholder value creation(SVC), corporate governance (CG), corporate social responsibility (CSR) and sustainable development (SD).The regulation framework for the banking sector must also consider the fiscal and monetary environment inwhich a banking institution operates. The global rating system and the rating agencies will also have animportant impact on any regulation framework for the banking sector. These two factors play a key role whena financial, credit or debt crisis occurs. In this article, a holistic regulation framework for the banking sector ispresented. The article is based on European banks that are part of the European Monetary Union (EMU).Initially, it focuses on the timelines and review the integration of the European Monetary Union, relevantlegislation and information on member countries’ banking sectors. This information creates the frameworkfor the proposed model. The article considers all of the above factors in creating a holistic regulationframework for the banking sector to present in the context of the recent financial, credit and debt crises thathave taken place in the EMU.
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- 2012
13. THE STRUCTURAL FUNDS AND THE ECONOMIC AND SOCIAL COHESION PROCESS
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Diana-Mihaela Pociovălişteanu and Eleftherios Thalassinos
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structural funds ,cohesion policy ,economic development ,Commercial geography. Economic geography ,HF1021-1027 ,Economics as a science ,HB71-74 - Abstract
The cohesion policy adopted by European Union can not materialize without the existence of structural funds. The economic and social disparities between the member countries of European Union and between the regions of EU, too, is reduce through these instruments. The integration of Romania in European Union in 2007, and the use of structural funds in present and in the future, is an opportunity which contribute at the economic development of our country.
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- 2009
14. How to Avoid Financial Crises.
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Eleftherios Thalassinos and Yannis Thalassinos
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- 2018
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15. Logistics Customer Service and Sustainability-Focused Freight Transport Practices of Enterprises: Joint Influence of Organizational Competencies and Competitiveness
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Marta Kadłubek, Eleftherios Thalassinos, Gratiela Georgiana Noja, and Mirela Cristea
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The paper presents the results of research on the influence of logistics customer service on sustainability-focused freight transport practices of enterprises. Additionally, the extended perspective of the key relation through the inclusion of the joint effect of selected organizational competencies of the companies and their competitiveness in interaction with logistics customer service was introduced. The adopted research procedure included the use of several different statistical methods with regard to data collected in 275 freight transport enterprises. First, the Kaiser-Meyer-Olkin test and the Bartlett Sphericity test were determined, then a factor analysis was carried out with the intention of performing a reliability analysis and discriminant validity assessment, and finally, correlations and hierarchical multiple regression were determined. The findings of the research suggest a primal concluding explication that sustainability-focused freight transport practices are conditioned by auxiliary logistics processes realized by the enterprise within logistics customer service, joint competencies within the organization’s management, as well as peripheral circumstances of competitiveness.
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- 2022
16. The Mediation Effect of Entrepreneurial Self-Efficacy in the Relationship Between Entrepreneurial Passion and Leadership Styles*
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Diego Norena-Chavez and Eleftherios Thalassinos
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- 2022
17. The impact of digital transformation on performance: Evidence from Vietnamese commercial banks
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Doan Trang Do, Anh Hoang Le, Eleftherios Thalassinos, and An Pham
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Bayes ,DEA ,digital transformation ,performance ,HD61 ,HG1-9999 ,ddc:330 ,Risk in industry. Risk management ,Finance - Abstract
The role of digital transformation in creating value for commercial banks has been interesting to researchers for a long time. While many commercial banks have significantly investigated digital transformation, researchers and managers have still met many difficulties examining the distribution of digital transformation to business performance. This paper aims to evaluate the impact of digital transformation on Vietnamese commercial banks’ performance by different sizes, from there proposing policy implications of digital transformation to improve the banking performance. To achieve this goal, we used a quantitative research method. Specifically, we applied the GMM system (SGMM) of Blundell and Bond for the data of 13 joint-stock commercial banks in Vietnam in the period from 2011 to 2019. Then Bayesian analysis is performed to test the robustness of the models estimated by the SGMM method. The result shows that the digital transformation has a positive impact on the performance of Vietnamese commercial banks. Besides, we also find that the larger the banks, the greater the positive impact of digital transformation on bank performance. Therefore, the efficiency of digital transformation depends on a bank scale.
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- 2022
18. Deterministic chaos and forecasting in Amazon’s share prices
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Lykourgos Magafas, M. P. Hanias, Loukas Zachilas, Eleftherios Thalassinos, and Stefanos Tsakonas
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010302 applied physics ,Economics and Econometrics ,Correlation dimension ,Econophysics ,Amazon rainforest ,Computer science ,lcsh:Economic theory. Demography ,Economics, Econometrics and Finance (miscellaneous) ,Chaotic ,forecasting ,Lyapunov exponent ,01 natural sciences ,Chaos theory ,010305 fluids & plasmas ,Grouped data ,lcsh:HB1-3840 ,symbols.namesake ,econophysics ,0103 physical sciences ,Econometrics ,symbols ,chaos theory ,time series ,Stock (geology) - Abstract
Research background: The application of non-linear analysis and chaos theory modelling on financial time series in the discipline of Econophysics. Purpose of the article: The main aim of the article is to identify the deterministic chaotic behavior of stock prices with reference to Amazon using daily data from Nasdaq-100. Methods: The paper uses nonlinear methods, in particular chaos theory modelling, in a case study exploring and forecasting the daily Amazon stock price. Findings & Value added: The results suggest that the Amazon stock price time series is a deterministic chaotic series with a lot of noise. We calculated the invariant parameters such as the maxi-mum Lyapunov exponent as well as the correlation dimension, managed a two-days-ahead forecast through phase space reconstruction and a grouped data handling method.
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- 2020
19. Ideas for a Regulatory Definition of FinTech
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Ramona Rupeika-Apoga and Eleftherios Thalassinos
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Value (ethics) ,Government ,business.industry ,media_common.quotation_subject ,05 social sciences ,Legislation ,Accounting ,02 engineering and technology ,Service provider ,Payment ,General Business, Management and Accounting ,Originality ,020204 information systems ,0502 economics and business ,0202 electrical engineering, electronic engineering, information engineering ,050211 marketing ,business ,General Economics, Econometrics and Finance ,Inclusion (education) ,media_common ,Qualitative research - Abstract
Purpose: The aim of the paper is to develop the approach to a legal definition of FinTech. Design/Methodology/Approach: In this paper we evolve possible approaches of FinTech legal definition, investigate existing approaches at the international level and examine the policies applied at the national levels. Document analysis, as a form of qualitative research, was used in this study. Findings: We found that in most countries the legislation does not specifically address fintech companies, and the legal framework equally regulates the activities of traditional service providers and fintech operators. In our opinion, no specific legislation for FinTech companies needed, each type of activity provided by a financial or technology company is subject to a specific legislation/regulation with primary focus on services and products provided as payments, insurance, investments etc. Practical Implications: The term FinTech is freely used by policy makers, regulators, companies, researchers, academics and the public, both nationally and internationally. According to international organizations such as the IMF, the World Bank and the OECD, FinTech offers the opportunity to accelerate economic growth and expand financial affordability/inclusion in all countries. Some countries are increasingly striving to become global or international regional hubs for FinTech and are working hard to develop interagency government strategies with a supportive legal environment. Originality/Value: There is still confusion about the nature and dynamics of FinTech among politicians, scientists and practitioners, as well as about the legal framework of this area. The value of this article is to clarify and propose an apprach to definition of FinTech by combining different approaches in a very original and innovative way.
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- 2020
20. Exploring the Trend of Czech FDIs and their Effect to Institutional Environment
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Irena Jindřichovská, Eleftherios Thalassinos, and Erginbay Ugurlu
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Czech ,International relations ,Economic development -- Czech Republic ,Foreign direct investment ,Exports -- Czech Republic ,General Business, Management and Accounting ,Metropolitan area ,language.human_language ,Political science ,language ,Regional science ,Foreign trade regulation -- Czech Republic ,Investments, Foreign -- Law and legislation -- Czech Republic ,Investments, Foreign -- Czech Republic ,General Economics, Econometrics and Finance ,Strategic development - Abstract
This paper is the result of Metropolitan University Prague research project no. 68-02“Territorial Studies, Economics, International Relations” (2019) based on a grant from the Institutional Fund for the Long-term Strategic Development of Research Organisations. The authors would like to thank for useful comments and suggestions professors and participants of the 7th edition of the Conference IFRS Global Rules and Local Use - Beyond the Numbers in Prague 2019 and participants at conference ICABE 2019 in Thessaloniki Greece., Purpose: The goal of this paper is to explore the trend of FDIs in the Czech Republic and its changes in recent years using the gravity model. Apart from traditional variables used in FDI models we also introduce IFRS in national accounting rules. Design/Methodology/Approach: We use open-source data from the World Bank and FDI data from the Czech national bank, to analyse a panel data of bilateral FDI for 19 EU countries over the period 2008–2017 by PPML specification. Findings: We have observed significant effect of positive impact on broader introduction of IFRS in 2010 in terms of country imports and exports. We observed lower significance of IFRS dummy in the gravity model, where dependent variable is the sum of FDI inflow and FDI outflow it is not significant in the models which dependent variables are FDI inward and FDI outward for FDIs. Practical Implications: In general, FDIs increased productivity in the Czech Republic, especially in 1990s. We assess the effect and possible contribution of traditional variables like size, GDP, border and distance to Czech FDIs. Originality/Value: We find that the positive effect of IFRS exists at 10 percent significance for FDIs. Nevertheless we claim that this effect is mixed with other institutional issues, namely institutional isomorphism. Further tests will be needed after the forthcoming change of the Czech accounting act, which is approaching after 2020., peer-reviewed
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- 2020
21. Tourism Development and Economic Growth: A Comparative Study for the G-6 Leaders
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Antonios Adamopoulos and Eleftherios Thalassinos
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Consumption (economics) ,media_common.quotation_subject ,General Business, Management and Accounting ,Interest rate ,Order (exchange) ,Originality ,Value (economics) ,Openness to experience ,Economics ,Classical economics ,General Economics, Econometrics and Finance ,Developed country ,Tourism ,media_common - Abstract
Purpose: The paper investigates the relationship between tourism development and economic growth for the six richest countries globally for the period 1995-2017 by estimating a simultaneous system equations model. The purpose of this paper is to examine the long-run relationship between these variables by the use of the two-stage least squared methodology. Design/Methodology/Approach: A structural system equation model is estimated for the G-6 leader countries and then we apply a Monte Carlo simulation method, in order to find out the predictive ability of the equation model. Findings: The results of this study indicated that there is a positive relationship between tourism development and economic growth taking into account the negative effect of interest rates and the positive effect of investments, trade openness, and consumption on economic growth. Practical Implications: The group of six leader countries is a group consisting of Canada, France, Germany, Italy, United Kingdom, and USA regarded as the most industrialized countries in the world. Originality/Value: The study offers an in-depth insight into econometric modelling of economic growth.
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- 2020
22. The Greek VAT Gap: The Influence of Individual Economic Sectors
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Anna, Christou, primary, Nikolaos, Eriotis, additional, Ioannis, Lomis, additional, Spyros, Papadakis, additional, and Eleftherios, Thalassinos, additional
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- 2021
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23. Sustainable Survival: Resource Management Strategy in Micro and Small Enterprises in the Rubber Products Market in Poland during the COVID-19 Pandemic
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Katarzyna Czainska, Aleksandra Sus, and Eleftherios Thalassinos
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Interview ,business.industry ,media_common.quotation_subject ,Science ,SME ,COVID-19 ,Management, Monitoring, Policy and Law ,Customer relationship management ,Pessimism ,sustainability ,relations ,Sustainable management ,Critical success factor ,Sustainability ,Loyalty ,Resource management ,resource management ,rubber products market ,business ,Industrial organization ,Nature and Landscape Conservation ,media_common - Abstract
The COVID-19 epidemic surprised economic operators around the world. The very existence of many businesses, and thus jobs, was at stake. However, one year after the WHO declared the outbreak a pandemic, contrary to the pessimistic forecasts of business analysts, some industries did not experience the predicted negative effects of the crisis. This article presents the results of a pilot study on micro and small enterprises in the rubber products industry in Poland during the COVID-19 pandemic, with the aim of analyzing the phenomenon of sustainable resource management that led not only to the survival of these enterprises but also to a significant increase in their turnover. Therefore, the purpose of the study was to analyze the key success factors of the indicated economic entities, with particular emphasis on the perspective of sustainable resource management and relationship management. On the basis of best research practices, a triangulation of research methods was applied (integrative literature review, computer-assisted telephone interviewing, and individual in-depth interview). A relationship was observed between the sustainable management of resources and the structure of the relationship network and the strength of its connections. In micro and small enterprises in the rubber products sector in Poland, sustainable resource management is related to the structure of the network of relations and the strength of connections in the network (relations/networking), as enterprises form a group of entities with a high level of loyalty, especially between the suppliers and buyers of raw materials. The formulated conclusions will become the basis for further in-depth research that can be conducted (a) in the same group of respondents, but using a representative research group, (b) in the same industry among a group of large enterprises, and (c) in a group of small and medium-sized enterprises (SMEs) from other industries.
- Published
- 2021
24. Editorial: Risk Management Models and Theories Volume II
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Eleftherios Thalassinos and Simon Grima
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Risk theories ,Statistics and Probability ,T57-57.97 ,Applied mathematics. Quantitative methods ,Actuarial science ,business.industry ,Applied Mathematics ,Risk measurement ,QA273-280 ,Risk forecasting ,Risk management ,Risk models ,Economics ,business ,Probabilities. Mathematical statistics ,Volume (compression) - Published
- 2021
25. The Impact of Bank Specific and Macro-Economic Factors on Non-Performing Loans in the Banking Sector: Evidence from an Emerging Economy
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Shakeel Ahmed, Eleftherios Thalassinos, Yannis Thalassinos, and M. Ejaz Majeed
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050208 finance ,Political risk ,Net interest margin ,media_common.quotation_subject ,05 social sciences ,Diversification (finance) ,non-performing loans ,Context (language use) ,Monetary economics ,Interest rate ,bank specific and macroeconomic variables ,GMM model ,HD61 ,Loan ,HG1-9999 ,0502 economics and business ,ddc:330 ,Risk in industry. Risk management ,Business ,050207 economics ,Emerging markets ,Non-performing loan ,Finance ,media_common - Abstract
The current study examines macro-economic and bank specific determinants of non-performing loans (NPLs) for commercial banks from 2008–2018. The Pakistani banking sector has observed a significant increase in NPLs. In addition, the current study is undertaken to fill this gap in the literature as most of the prior studies focus on the developed markets. In the current study, we prefer the system GMM estimator. Its reliability depends on the validity of the instruments. To testing the second-order serial correlation, we apply the J test for testing the validity of the instruments and the Arellano–Bond AR (2) test. Using dynamic-GMM estimations, we find that credit growth, net interest margin, loan loss provision, and bank diversification significantly increase NPLs, while operating efficiency, bank size, and ROA lower NPLs. In addition, higher interest rates, exchange rates, and political risk significantly increase NPLs, while GDP growth decreases NPLs. This paper provides a timely insight to management and policy makers about the determinants of NPLs. The findings help management to take corrective actions and policy makers may take into consideration the significance of macro-economic conditions while formulating policy regarding NPLs. Likewise, the study provides insight to potential investors to consider the findings while selecting better investment opportunity. The current study is the first of its kind focusing on the link among bank specific, macroeconomic variables, and non-performing loans within the specific context of an emerging economy, Pakistan.
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- 2021
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26. EU Regulatory Measures Following the Crises: What Impact on Corporate Governance of Financial Institutions?
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Eleftherios Thalassinos, Peter Schiffauer, and Izabela Jedrzejowska-Schiffauer
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Finance ,business.industry ,Corporate governance ,05 social sciences ,Legislature ,General Business, Management and Accounting ,Public interest ,Shareholder ,Blueprint ,0502 economics and business ,050211 marketing ,Applied research ,business ,General Economics, Econometrics and Finance ,050203 business & management ,Risk management ,Soft law - Abstract
Purpose: This study investigates the relevance of certain EU regulatory measures introduced in response to the financial and sovereign debt crises for corporate governance and their possible impact on the modalities of company operation, notably in terms of risk assessment and management. Design/Methodology/Approach: The contribution is based on a review of literature and an analysis of EU legislative and soft law measures agreed in 2008 onwards pertinent to corporate governance, notably of financial institutions due to their systemic relevance. The applied research methodology includes a combination of theoretical and analytical methods. Findings: It is submitted that there is an observable trend of extending the power of shareholders and of regulation in the public interest at the cost of the management power. Moreover, certain aspects of corporate governance seem to steadily evolve from code-based 'soft law' norms to mandatory rules. Practical Implications: EU regulatory-corrective measures constitute ‘grosso-modo’ a desirable progress towards a more transnational approach. However, there can be no single blueprint for reforms given the differences between national systems of corporate governance, including their scope, contents, and means of implementation. Hence, the potentials of an incentive-oriented approach should be better exploited in both national and EU level regulatory activities. Originality/Value: The study offers an updated account of the most recent EU legislative activity in the area up to the end of the 8th term of the European Parliament. It may be used for corporate governance practitioners allowing for informed adapting to the new regulatory framework and trends in the foreseeable future.
- Published
- 2019
27. Design of a Socio-economic Processes Monitoring System Based on Network Analysis and Big Data
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Eleftherios Thalassinos, A. G. Polyakova, A. I. Serebrennikova, and M. P. Loginov
- Subjects
Process management ,Economic development ,Big data -- Economic aspects ,Computer science ,Population ,Big data ,Socioeconomic development ,Representativeness heuristic ,03 medical and health sciences ,Information system ,Digital economy ,education ,030304 developmental biology ,0303 health sciences ,Government ,education.field_of_study ,business.industry ,04 agricultural and veterinary sciences ,General Business, Management and Accounting ,Economics -- Sociological aspects ,Economic development -- Social aspects ,040103 agronomy & agriculture ,0401 agriculture, forestry, and fisheries ,business ,General Economics, Econometrics and Finance ,Network analysis - Abstract
Socio-economic policy should satisfy the interests of the society as much as possible and contribute to improving the quality of life. This actualizes the role of developing the theoretical and methodological foundations for building an innovative information system for monitoring the socio-economic situation and population responses. The study built and tested an algorithm for supporting management decisions based on the collection of large data sets of socio-economic information based on the principles of the digital economy and processing them through network analysis. The algorithm is focused on building a monitoring system that presupposes a synergy of the authorities and the society, not only in its pensionary part, but also among the masses, which are diverse in their representativeness. The result of the study was the formation of a theoretical and methodological framework for creating a system for making management decisions and assessing the effectiveness of the activities of government bodies, based on the principles of reflection of the final beneficiaries of economic policy., peer-reviewed
- Published
- 2019
28. Bank Stability: The Case of Nordic and Non-Nordic Banks in Latvia
- Author
-
Yannis Thalassinos, Eleftherios Thalassinos, Syeda Hina Zaidi, and Ramona Rupeika-Apoga
- Subjects
Inflation ,business.industry ,media_common.quotation_subject ,Stability (learning theory) ,Financial system ,Liquidity risk ,01 natural sciences ,General Business, Management and Accounting ,Banking industry ,010305 fluids & plasmas ,Market liquidity ,03 medical and health sciences ,0302 clinical medicine ,0103 physical sciences ,Profitability index ,030212 general & internal medicine ,business ,General Economics, Econometrics and Finance ,Risk management ,media_common ,Credit risk - Abstract
The banking industry is facing huge challenges due to technology-enabled innovation, to changes in customer preferences, to bank de-risking and to new regulatory initiatives. To go through all these changes, banks need to be stable. The present study contributes to the empirical literature by identifying the determinants of stability of banks in the Latvian Banking Industry. This study covers both bank-specific (endogenous) factors and macroeconomic (exogenous) factors that impact the stability of banks. The data set used in this study is the annual financial statements of Latvian banks operated in the period 2003-2016. Using multivariate regression analysis techniques, we found evidence that credit risk and efficiency ratio have a significant negative impact on banks\' stability, whereas size of the bank, liquidity ratio, profitability, inflation and GDP growth have significant positive impact on bank\'s stability. We made comparison of bank-specific variables performance for Nordic-owned and non-Nordic-owned banks. Credit and liquidity risks, as well as efficiency ratio for Nordic-owned banks during the research period were higher, whereas size of the banks and profitability were better. Comparing measurement results of stability of banks, we received that Nordic-owned banks performance between 2003 to 2016 was better than non-Nordic-owned banks performance.
- Published
- 2018
29. The Interplay between Board Characteristics, Financial Performance, and Risk Management Disclosure in the Financial Services Sector: New Empirical Evidence from Europe
- Author
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Gratiela Georgiana Noja, Mirela Cristea, Irina Maria Grecu, and Eleftherios Thalassinos
- Subjects
Gender diversity ,board characteristics ,lcsh:Risk in industry. Risk management ,Accounting ,financial services ,risk management ,Skills management ,Fiscal year ,financial performance ,lcsh:Finance ,lcsh:HG1-9999 ,0502 economics and business ,ddc:330 ,Empirical evidence ,Risk management ,Financial services ,050208 finance ,business.industry ,05 social sciences ,financial econometrics ,lcsh:HD61 ,Profitability index ,Financial econometrics ,business ,strategy ,050203 business & management - Abstract
This paper empirically evidences the role played by board characteristics (skills, diversity, structure, independence) in supporting risk management disclosure and shaping the financial performance of European companies operating in the financial services sector. We exploit data selected from Thomson Reuters Eikon database in 2020 for the last fiscal year 2019 (FY0) on a longitudinal sample of 144 companies with the head offices in Europe (25 countries). Following an original empirical approach based on two modern financial econometric techniques, namely structural equation modelling (SEM) and network analysis through Gaussian graphical models (GGMs), the research endeavor outlines the decisive importance of an optimal board size, enhanced management skills, upward gender diversity (encompassed by women participation on board management), and structure (mainly a two-tier type, one management board, and a distinctive supervisory board) as fundamentals of risk management strategies, leading to improved financial achievements and a higher profitability for the analyzed companies.
- Published
- 2021
- Full Text
- View/download PDF
30. Administrative Accounting Information to Control Profitability Under Certainty and Uncertainty of a Universal Bank
- Author
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Sotirios Trigkas, Eleftherios Thalassinos, and Konstantinos Liapis
- Subjects
Mixed model ,Universal bank ,Operations research ,Computer science ,media_common.quotation_subject ,Control (management) ,Monte Carlo method ,Accounting information system ,Profitability index ,Certainty ,media_common - Abstract
This chapter investigates how and to what extent, different types of endogenous and exogenous variables influence the performance of Greek Universal Banks (UBs) and the possibility of forming mixed models of decision making regarding the efficiency and profitability of UBs. The approach was carried out through a unified methodology of financial, accounting, and mathematical programming, with the simultaneous use of modern analytical tools and operational research methods such as Monte Carlo simulation and Genetic Algorithms (GAs).
- Published
- 2021
31. Decision-Making in Management
- Author
-
Eleftherios Thalassinos and Malgorzata Latuszynska
- Published
- 2021
32. Correction to: Decision-Making in Management: Methods and Behavioral Tools
- Author
-
Kesra Nermend, Małgorzata Łatuszyńska, and Eleftherios Thalassinos
- Subjects
Management science ,Computer science ,Management methods - Published
- 2021
33. Risk sharing, macro-prudential policy and welfare in an overlapping generations model (OLG) economy
- Author
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Amira Hakim and Eleftherios Thalassinos
- Subjects
Macroeconomics ,media_common.quotation_subject ,Overlapping generations model ,Stochastic analysis ,General Business, Management and Accounting ,Risk management ,Risk sharing ,Economics ,Welfare economics ,Macro ,General Economics, Econometrics and Finance ,Welfare ,media_common - Abstract
PURPOSE: The general purpose of this research was to examine the impact of banking regulation on risk sharing and welfare in an Overlapping Generations model economy., DESIGN/METHODOLOGY/APPROACH: The study uses a stochastic Overlapping Generation model with banking, limited liability, and deposit insurance, examining how the banking regulation affects welfare with the introduction of the principle of risk sharing in the economy., FINDINGS: The results indicated support on previous studies and demonstrated that, using data from Turkey, banking regulation may lead to a welfare loss, a positive effect of optimal regulation on social welfare., PRACTICAL IMPLICATIONS: The main results show that the trade-off between risk sharing, and financial stabilization depends on the level of capital requirements, and the risk sharing behavior of the economy. The risk sharing model for both specifications (risky and safe) confirm that the introduction of behavior of risk sharing on the economy has a positive impact on the welfare., ORIGINALITY/VALUE: This model allows us to evaluate quantitatively the key trade-off of risk sharing banking regulation and social welfare., peer-reviewed
- Published
- 2021
34. Digital Transformation, Strategic Resilience, Cyber Security and Risk Management
- Author
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Simon Grima, Eleftherios Thalassinos, Graţiela Georgiana Noja, Theodore V. Stamataopoulos, Tatjana Vasiljeva, Tatjana Volkova, Simon Grima, Eleftherios Thalassinos, Graţiela Georgiana Noja, Theodore V. Stamataopoulos, Tatjana Vasiljeva, and Tatjana Volkova
- Abstract
Digitization of economic and management processes allows for the delivery of new value and higher efficiency in the implementation of strategic goals. This is due to the inclusion of digital technologies in the existing rules of functioning among partners involved in the flow of resources, and from their readiness for digital transformation. A significant challenge, in practical, organizational, and scientific terms is to understand the opportunities and threats resulting from digital transformation, to identify optimal strategies for the development of business entities in new economic and management conditions, taking care to adopt collateral and proper management of new risks. Addressing this challenge to the readers - contributors indicate the latest theoretical advances, and practical examples in FinTech, The Internet of Things, and AI, among others. This results in a synthetic look at the complex digital transformation processes of the modern world, both in terms of the underlying causes and the vast effects of the transformations and digitization of social and economic life. Contemporary Studies in Economic and Financial Analysis publishes a series of current and relevant themed volumes within the fields of economics and finance.
- Published
- 2023
35. Editorial: Risk Management Models and Theories
- Author
-
Jonathan Spiteri, Simon Grima, and Eleftherios Thalassinos
- Subjects
Statistics and Probability ,Financial economics ,Risk management -- Mathematical models ,risk management ,Risk forecasting ,Environmental Sustainability Index ,Economics ,Risk management ,risk measurement ,business.industry ,Applied Mathematics ,lcsh:T57-57.97 ,Corporations -- Finance ,risk theories ,risk models ,Banks and banking -- Mathematical models ,Forecasting -- Economic aspects ,Financial crisis ,lcsh:Applied mathematics. Quantitative methods ,Volatility (finance) ,risk forecasting ,lcsh:Probabilities. Mathematical statistics ,business ,lcsh:QA273-280 ,Decision making ,Value at risk - Abstract
The aim of this Research Topic—“Risk Management Models and Theories” is to create a platform for authors to explore, analyze and discuss current and innovative financial models and theories that firms use/prescribe to determine, measure, monitor, forecast, and manage risk in the face of disruptors, such as the increased use of artificial intelligence and technology, change in regulations, climate change, etc., peer-reviewed
- Published
- 2020
36. Financial Derivatives: A Blessing or a Curse?
- Author
-
Eleftherios Thalassinos and Simon Grima
- Subjects
Curse ,Blessing ,Monetary economics ,Business - Published
- 2020
37. Appendix: Summary of Cases
- Author
-
Eleftherios Thalassinos and Simon Grima
- Subjects
medicine.medical_specialty ,History ,medicine.anatomical_structure ,General surgery ,medicine ,Appendix - Published
- 2020
38. The Perception on Financial Derivatives: The Underlying Problems and Doubts
- Author
-
Eleftherios Thalassinos and Simon Grima
- Subjects
Perception ,media_common.quotation_subject ,Positive economics ,Psychology ,media_common - Published
- 2020
39. Financial Derivatives Use: A Literature Review
- Author
-
Eleftherios Thalassinos and Simon Grima
- Subjects
business.industry ,Accounting ,business - Published
- 2020
40. A Thematic Analysis and a Revisit to Literature on Cases of Improper Use of Derivatives
- Author
-
Simon Grima and Eleftherios Thalassinos
- Subjects
Thematic analysis ,Psychology ,Epistemology - Published
- 2020
41. The Financial Derivatives Myths and Doubts: A Conclusion
- Author
-
Eleftherios Thalassinos and Simon Grima
- Subjects
Economics ,Mythology ,Positive economics - Published
- 2020
42. Corona Virus Pandemic Paving Ways to Next Generation of Learning and Teaching: Futuristic Cloud Based Educational Model
- Author
-
Shahnawaz Khan, Mustafa Raza Rabbani, Mohd. Atif, and Eleftherios Thalassinos
- Subjects
Economic growth ,media_common.quotation_subject ,Wage ,Globe ,World economy ,medicine.anatomical_structure ,Scale (social sciences) ,Political science ,Financial crisis ,Pandemic ,Great Depression ,medicine ,Virtual learning environment ,media_common - Abstract
Corona Virus pandemic also known as COVID-19 has adversely affected the billions of people across the globe. There is very little positive to look into this crisis. Thousands of people have lost their lives, millions are infected, millions of people are going to lose their jobs, daily wage laborers and poor’s are fighting for the essentials, small scale industries are fighting for the survival, economies are on the verge of collapse and economists are fearing the greater crisis than the global financial crisis of the 2000s and the great depression of 1930s combined. But there is hope, it has some positives as it has united the people and the economies and it is expected that the world economy will recover from this pandemic and will become stronger. It has provided great hope for the education sector as most of the educational institutes around the world have shifted to online learning and teaching and they are doing quite well. The present study considers this as an opportunity for educational institutions to learn from this situation and develop a learning and teaching model for the future generation. The study proposes a Futuristic cloud-based educational model that will be unaffected by the crisis such as a pandemic, war, decreasing student number enrolment, etc.
- Published
- 2020
43. The Impact of COVID-19 on Malta and its Economy and Sustainable Strategies
- Author
-
Eleftherios Thalassinos, Rebecca Dalli Gonzi, and Simon Grima
- Subjects
Estimation ,education.field_of_study ,Government ,business.industry ,media_common.quotation_subject ,Population ,Embarrassment ,Economy ,Preparedness ,Political science ,Workforce ,Economic impact analysis ,education ,business ,Risk management ,media_common - Abstract
Research background: The preparedness for outbreaks of pandemics such as the COVID-19 is a major concern for health authorities and leaders as extensive studies in the past have been reported and well documented. However, engaging with the response to an outbreak demands many decisions with enormous implications on a population and its regions. A review of past response mechanisms sheds light on different scenarios to provide an understanding of the challenges that will emerge, depicting trends, changes to GDP, and the impact on the economy and employment. Purpose of the article: With this article, we aim to identify and bring to light the challenges faced by Malta during the pandemic we are currently facing - COVID-19. This will help risk managers and leaders understand the devastating social and economic impact of such disruptions and act proactively to avoid repetition and embarrassment of being unprepared. Moreover, we aim to provide an understanding of the expected cascading economic domino effect, which may result from the workforce unavailability, during a pandemic and the mistakes in the estimation, if any, that could have been avoided. Methods: A desk research study technique was adopted whereby data was collected from existing sources, including government websites, online statistics, published reports, trends, and internal data to the local Maltese markets. Findings and Value-added: The COVID-19 phenomena led to new measures being taken worldwide as professionals, leaders, academics, and businesses took on unprecedented steps to change their business as usual strategies. This in turn brought about various questions and discussions on how islands like Malta controlled their situation.
- Published
- 2020
44. FinTech, blockchain and Islamic finance : an extensive literature review
- Author
-
Shahnawaz Khan, Eleftherios Thalassinos, and Mustafa Raza Rabbani
- Subjects
Financial institutions -- Religious aspects -- Islam ,Cryptocurrency ,media_common.quotation_subject ,Accounting ,02 engineering and technology ,01 natural sciences ,FinTech ,010104 statistics & probability ,Originality ,Sharia ,Banking law (Islamic law) ,0202 electrical engineering, electronic engineering, information engineering ,0101 mathematics ,Electronic funds transfers ,Electronic funds transfer ,media_common ,business.industry ,Islam ,Competitor analysis ,General Business, Management and Accounting ,Blockchains (Databases) ,Financial services industry -- Technological innovations ,020201 artificial intelligence & image processing ,Customer satisfaction ,Business ,General Economics, Econometrics and Finance ,Banks and banking -- Religious aspects -- Islam ,Bitcoin - Abstract
Purpose: The paper aims to review the academic research work done in the area of Islamic financial technology. The Islamic FinTech area has been classified into three broad categories of the Islamic FinTech, Islamic Financial technology opportunities and challenges, Cryptocurrency/Blockchain sharia compliance and law/regulation. Finally, the study identifies and highlights the opportunities and challenges that Islamic Financial institutions can learn from the conventional FinTech organization across the world. Approach/Methodology/Design: The study collected 133 research studies (50 from Social Science Research Network (SSRN), 30 from Research gate, 33 from Google Scholar and 20 from other sources) in the area of Islamic Financial Technology. The study presents the systematic review of the above studies. Findings: The study classifies the Islamic FinTech into three broad categories namely, Islamic FinTech opportunities and challenges, Cryptocurrency/Blockchain sharia compliance and law/regulation. The study identifies that the sharia compliance related to the cryptocurrency/Blockchain is the biggest challenge which Islamic FinTech organizations are facing. During our review we also find that Islamic FinTech organizations are to be considered as partners by the Islamic Financial Institutions (IFI’s) than the competitors. If Islamic Financial institutions want to increase efficiency, transparency and customer satisfaction they have to adopt FinTech and become partners with the FinTech companies. Practical Implications: The study will contribute positively to the understanding of Islamic Fintech for the academia, industry, regulators, investors and other FinTech users. Originality/Value: The study believes to contribute positively to understanding of Fintech based technology like cryptocurrency/Blockchain from sharia perspective., peer-reviewed
- Published
- 2020
45. Theoretical Models for Sport Participation: Literature Review
- Author
-
Eleftherios Thalassinos, Simon Grima, Jonathan Spiteri, Alan Grima, and Sharon Seychell
- Subjects
Sports -- Psychological aspects ,media_common.quotation_subject ,Increased physical activity ,Theoretical models ,Age and sports ,030229 sport sciences ,Commit ,Standard of living ,General Business, Management and Accounting ,Sports -- Social aspects ,03 medical and health sciences ,0302 clinical medicine ,Turnover ,Happiness ,030212 general & internal medicine ,Psychology ,human activities ,General Economics, Econometrics and Finance ,Social psychology ,Recreation ,School system ,media_common - Abstract
Recent studies have analyzed theoretical models of sport participation. They claimed that sports activities relate to health and happiness and that there are various factors which determine sports participation, be it individual, sociological or psychological. Whilst some countries in Europe experienced an increase in sport activity over the past few decades, others saw a decline in the number of individuals who commit to physical activity. Several models have been constructed to explain and determine involvement in sports namely, ‘The Beckerian Approach’, ‘The SLOTH framework’ and ‘Green’s Model of Sport Development’. These models have unearthed specific important factors, which encourage people to take part in sports activities. These concerned age, gender, time constraints, income and level of education. In fact, findings has shown a positive and statistically significant relationship between age and frequency of sport participation and as age increased walking increased as well. Education plays an important role as well especially where adolescents are concerned. School was a key contributor to adolescents increased participation in physical activity and more specifically as they transitioned into secondary school. A successful example is that of Norway where a sport and physical recreation culture is deeply rooted in society and is supported by strategic socio-economic circumstances, high standards of living, equality between genders, abundant sporting facilities, a school system that keenly promotes physical activity, a strong voluntary sports clubs sector and high levels of parental contribution. Recent research has also focused on the sociological and psychological factors which contribute to increased physical activity. Social networks and friends significantly impact one’s decision to take part in sport, while the involvement of parents in sport affects sport frequency in a positive and significant way., peer-reviewed
- Published
- 2017
46. Board Characteristics, Audit Committee and Audit Quality: The Case of Indonesia
- Author
-
John E. Thalassinos, Tejo Suryanto, and Eleftherios Thalassinos
- Subjects
business.industry ,Corporate governance ,Audit committee ,ComputingMilieux_LEGALASPECTSOFCOMPUTING ,Subprime crisis ,Accounting ,Audit ,General Business, Management and Accounting ,language.human_language ,Research objectives ,Indonesian ,Quality audit ,Stock exchange ,language ,Business ,General Economics, Econometrics and Finance - Abstract
The purpose of this research is to examine the relationship between board size, number of non-executive directors, the financial expertise of the non-executive directors representing the audit committee and the audit quality.Data from non-financial firms listed in the Indonesian Stock Exchange have been used. To achieve the research objectives, we have used the logit regression. The data of 121 listed firms in a five-year period from 2012 to 2016 is collected from the printed audit accounts available on companies‘ websites. The emergence of corporate governance phenomena has brought upon many structural changes in firms‘ governance structure such as the audit committee role and the audit quality.The second decade which starts with the warmth of subprime crisis has seen a significant development in the code of corporate governance. The role of the audit committee is now significant and being recognized as the solution of prevention of internal fraud.The findings of the study have shown that in non-financial firms listed in the Indonesian Stock Exchange audit committee and board characteristics have significant effect on audit quality. This study will be helpful for students, auditors, policymakers and researchers to understand the impact of corporate governance in audit quality.
- Published
- 2017
47. Decision-Making in Management : Methods and Behavioral Tools
- Author
-
Kesra Nermend, Małgorzata Łatuszyńska, Eleftherios Thalassinos, Kesra Nermend, Małgorzata Łatuszyńska, and Eleftherios Thalassinos
- Subjects
- Industrial management--Decision making--Case studies, Industrial management--Decision making
- Abstract
Making important business decisions is usually a difficult and complicated task. In the modern economy where businesses have to solve increasingly complex decision-making problems, it is important to learn and use methods and techniques including the analysis of behavioral data to support decision-making in practice.This book presents various methods and solutions to problems in modern data acquisition techniques and practical aspects of decision making. In particular, it addresses such important issues as: business decision making, multi-criteria decision analysis (MCDA), multidimensional comparative analysis (MCA), decision games and data acquisition techniques for decision making (declarative techniques and cognitive neuroscience techniques). Important topics such as consumers'rational behavior, environmental management accounting, operational research methods, neuroscience including epigenetics, DEA analysis etc., as well as case studies related to decision making in management are also included.
- Published
- 2021
48. International Conference on Applied Business and Economics, ICABE 2019 (Table of Contents)
- Author
-
Simon Grima and Eleftherios Thalassinos
- Subjects
business.industry ,Political science ,Table of contents ,Accounting ,business ,Volume (compression) - Abstract
Selected articles presented in the conference have been included in this selective volume ICABE 2018. Articles are in economics, finance and management discipline related to latest development in ASEAN EC.
- Published
- 2019
49. Developments and Prospects of Business Economics and Finance in Muslim Countries
- Author
-
Eleftherios Thalassinos and Eleftherios Thalassinos
- Subjects
- Business enterprises--Islamic countries--Finance, Managerial economics--Islamic countries, Business enterprises--Islamic countries
- Abstract
This collective volume published by Nova Science Publishers, Inc. (NOVA) includes studies on “Developments and Prospects of Business Economics and Finance in Muslim Countries” written by several authors from Indonesian Universities and edited by Professor E. Thalassinos of the University of Piraeus, Editor-in-Chief of the European Research Studies Journal and the International Journal of Economics and Business Administration. As the title suggests, the Chapters are a mix of research studies on business economics, financial and managerial issues in Muslim countries with remarkable original research in some of them. Contributors, among them young researches, academics and professionals, have been invited to cover subjects related to their academic and professional expertise by providing innovative ideas and new initiatives for further development in business-economics and finance in Muslim countries which is the main aim of this volume. Initial submissions have been evaluated by external evaluators and the editor on a double-blind evaluation procedure before approval. In the second and third stage and in close cooperation with the authors, the approved submissions were revised, approved by the authors accordingly before their inclusion in the volume. The empirical work presented in the articles is in the sole responsibility of the authors since it was impossible for the Editor to check the results and the final conclusions made. The general intention of the volume and the strategic goal of the Editor was to include articles on a wide spectrum of economic and managerial issues to create a useful collective volume to be used by other researchers as an additional material tool as well as by academics in their teachings. The volume is also appropriate for University libraries and other research institutions to be used as a source of reference in issues related to Muslim countries. The content of the volume includes 13 chapters distributed in eight main fields. Chapters 1, 2, 4 and 8 are related to Islamic finance and investor's behavior in the environment of a Muslim country. Chapters 6 and 12 are related to MSMEs companies and their competitive advantage by operating in a Muslim country. Chapters 5, 7 and 10 are related to ethics, organizational culture, leadership and job satisfaction in a region with different characteristics compared to western economies. Chapter 13 is on housing and tourism with reference to special circumstances occurred in these sectors. Chapter 3 is on taxation, Chapter 9 on electronic leadership and the telecommunication industry and Chapter 11 on supply chain integration.
- Published
- 2019
50. Structural and Financial Deficiencies in the ASEAN EC: Strategies Moving Forward (Table of Contents)
- Author
-
Simon Grima and Eleftherios Thalassinos
- Subjects
Finance ,business.industry ,Table of contents ,Business - Abstract
A collective volume of articles presented in ICABE 2018 regarding structural and financial deficiencies in the ASEAN EC with strategies to move forward. Articles were selected by the scientific committee consisting of academics from Indonesia and European countries. Authors have analyzed economic and financial issues related to problems emerged in the ASEAN EC region.
- Published
- 2018
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