Template-Type: ReDIF-Paper 1.0 Author-Name: Joăo Bento Author-Name-First: Joăo Author-Name-Last: Bento Author-Email: jpbento@ua.pt Author-Workplace-Name: University of Aveiro Title: The moderating effects of FDI on the relationship between democratic institutions and CO2 emissions Abstract: This study aims to examine the direct effects of foreign direct investment (FDI) on the host-country environment. More specifically, how FDI moderates the relationship between democratic institutions and anthropogenic carbon dioxide emissions in a panel of 80 democratic nations during the period 1992-2018. The author uses the System Generalized Method of Moments, first difference and system estimators, which allows for the control for present reverse causality and endogeneity in the research design. For robustness checks, I use the cross-sectional dependence and Driscoll-Kraay robust errors panel regression method. Robust evidence is found in support of the pollution halo hypothesis, in a way that carbon dioxide emissions fall. The findings suggest that FDI moderates the relationship between several varieties of democratic institutions and carbon dioxide emissions. Length: 29 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 1-29 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=001&rid=15811 File-Function: First version, 0000 Number: 14115811 Classification-JEL: Q01, Q58, Q56 Keywords: FDI, Environmental impact, Anthropogenic emissions, Democratic institutions, Pollution halo, STRIPAT, GMM, Fixed effects Handle: RePEc:sek:iefpro:14115811 Template-Type: ReDIF-Paper 1.0 Author-Name: Carl Case Author-Name-First: Carl Author-Name-Last: Case Author-Email: ccase@sbu.edu Author-Workplace-Name: St. Bonaventure University Author-Name: Darwin L. King Author-Name-First: Darwin Author-Name-Last: L. King Author-Email: dking@sbu.edu Author-Workplace-Name: St. Bonaventure University Author-Name: Julie A. Case Author-Name-First: Julie Author-Name-Last: A. Case Author-Email: jcase@sbu.edu Author-Workplace-Name: St. Bonaventure University Title: The Electronic Resources Policy and Ethical Undergraduate Business Student Behavior: COVID-19 Pandemic Effects Abstract: Electronic resource policies are implemented to provide user guidelines, minimize negative activities, and encourage positive ethical behavior. This study was therefore conducted to longitudinally examine policy effectiveness for undergraduate business students and, in particular, examine possible COVID-19 pandemic effects. Results demonstrate that during the pandemic, unethical student behavior such as cheating on online exams greatly increased. However, by the end of the pandemic, behaviors nearly returned to pre-pandemic levels and the electronic resources policies are now increasingly perceived as being an effective deterrent to unethical behavior both for the student and others. Length: 14 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 30-43 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=002&rid=15946 File-Function: First version, 0000 Number: 14115946 Classification-JEL: Z00, L86, M19 Keywords: Electronic Resource Policies, Ethics, Cheating, Undergraduate Business Students Handle: RePEc:sek:iefpro:14115946 Template-Type: ReDIF-Paper 1.0 Author-Name: Ken Chan Author-Name-First: Ken Author-Name-Last: Chan Author-Email: kenneth.chan@edu.escp.eu Author-Workplace-Name: ESCP Business School, Paris Title: The collective voice of businesses: How companies can effectively use trade associations in corporate political activity Abstract: Companies undertake corporate political activity (CPA) to secure favorable policies and regulatory environments using internal capabilities and external resources, such as trade associations. This study examines how companies can effectively use trade associations for CPA by conducting qualitative interviews with 35 company executives. According to the interviews, companies expect trade associations to prioritize advocacy and public policy as their core businesses. The study identifies the following five ways in which trade associations provide value to companies: (1) be the critical voice for the industry, (2) represent collective interest, (3) provide policy and research support, (4) facilitate sector-wide collaboration, and (5) act as a sounding board for policymakers. This study also finds that companies benefit from active participation in trade associations. Through board and committee involvement, they can influence the organization?s strategic agendas. Length: 8 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 44-51 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=003&rid=15871 File-Function: First version, 0000 Number: 14115871 Classification-JEL: D71, D72, F23 Keywords: Corporate Political Activity, Government Relations, Lobbying, Nonmarket Strategy, Trade Associations Handle: RePEc:sek:iefpro:14115871 Template-Type: ReDIF-Paper 1.0 Author-Name: Mario Cruz Author-Name-First: Mario Author-Name-Last: Cruz Author-Email: macruz8@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Author-Name: Isabel Pilicita Author-Name-First: Isabel Author-Name-Last: Pilicita Author-Email: aipilicita@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Author-Name: Fanny Cevallos Author-Name-First: Fanny Author-Name-Last: Cevallos Author-Email: flcevallos@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Author-Name: Anabel Pilicita Author-Name-First: Anabel Author-Name-Last: Pilicita Author-Email: aepilicita@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Title: Integral Attention to Service Solutions Abstract: This article shows the compliance and improvement of service installation times (metering equipment) in the country's electricity distribution companies, as established in the Quality Regulation 004/001. In this context, the measurement of time was considered, from the moment the customer's request for service is received until its installation by the Distributor; compliance with two guiding objectives, SATISFIED CUSTOMERS AND HEALTHY FINANCES. The type of research was quantitative and user surveys were used as a research technique. The results obtained showed customer satisfaction with respect to the quality, timeliness and cost of the service. Finally, this methodology was implemented in the Commercial Service Quality Regulation, as regards civil works, as a measurement system and it is currently in charge of Distributors within their operating costs. Length: 14 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 52-65 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=004&rid=16009 File-Function: First version, 0000 Number: 14116009 Classification-JEL: M19 Keywords: Efficient resource management Handle: RePEc:sek:iefpro:14116009 Template-Type: ReDIF-Paper 1.0 Author-Name: Ádám Csápai Author-Name-First: Ádám Author-Name-Last: Csápai Author-Email: adam.csapai@euba.sk Author-Workplace-Name: University of Economics in Bratislava Title: Macroeconomic Forecasting Using Machine Learning: A Case of Slovakia Abstract: We assess the forecasting performance of the selected machine learning methods. According to previous research, they can enhance short-term forecasting performance. We forecast industrial production, inflation and unemployment in Slovakia. We compare the forecasting performance of the models using the mean absolute error and root-mean-squared error. We forecast the variables using ensemble machine learning techniques, such as random forest, bagging and boosting. Additionally, we explore regularized least squares models, such as ridge regression, lasso regression, and elastic net models. Finally, we examine the forecasting performance of neural networks and compare the mean and trimmed mean of model forecasts with individual model performance. Our findings affirm that these methods can enhance forecast accuracy of short-term forecasts, particularly when a relatively large dataset is available. Individual machine learning models prove themselves to be even more accurate than the averages of model forecasts. Length: 14 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 66-79 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=005&rid=15967 File-Function: First version, 0000 Number: 14115967 Classification-JEL: C53, E37, E27 Keywords: Economic forecasting, Slovakia, Ensemble machine learning, Regularized least squares, Neural networks Handle: RePEc:sek:iefpro:14115967 Template-Type: ReDIF-Paper 1.0 Author-Name: Katarína ?ulková Author-Name-First: Katarína Author-Name-Last: ?ulková Author-Email: katarina.culkova@tuke.sk Author-Workplace-Name: Technical University of Ko?ice Author-Name: Mária Jano?ková Author-Name-First: Mária Author-Name-Last: Jano?ková Author-Email: maria.ria.janoskova@euba.sk Author-Workplace-Name: Faculty of Business Economics in Ko?ice, University of Economics in Bratislava Title: Use of Controlling in SMEs Management Abstract: Over the last thirty years, controlling has become so established in corporate management that it occupies a leading position in the management of modern companies. The paper deals with the use of controlling tools in corporate governance in a selected region of Slovakia on the basis of a questionnaire survey on the current state in management in small and medium enterprises. The results show that mostly in small companies there are no separate controlling departments. Based on the results the conditions for the implementation of controlling into business practice were defined, which can contribute to the development of the business. Length: 10 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 80-89 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=006&rid=16022 File-Function: First version, 0000 Number: 14116022 Classification-JEL: D23, G32, M20 Keywords: Controlling tools, Enterprise management, Questionnaire research, Slovakia Handle: RePEc:sek:iefpro:14116022 Template-Type: ReDIF-Paper 1.0 Author-Name: Jacobus Johannes de Jongh Author-Name-First: Jacobus Johannes Author-Name-Last: de Jongh Author-Email: jacques.dejongh@nwu.ac.za Author-Workplace-Name: School of Economic Sciences, North-West University Title: Exploring the moderating role of globalisation on the relationship between industrialisation and economic development in South Africa Abstract: Industrialisation and globalisation are two critical factors that have shaped the economic development of many countries around the world. South Africa has been no exception, as the country has witnessed significant changes in its economy, particularly since the move to a more liberal and democratic orientation. While integration has afforded the country many benefits in this regard, so too have concerns been raised on the causal effects of re-primarisation, rising inequality and even the onset of premature deindustrialisation. The main aim of this study was therefore to explore the moderating role of globalisation on the relationship between industrialisation and economic development in the country. It made use of a quantitative research approach using secondary time-series data from 1980 to 2021. The analysis included the use of the combined cointegration test of Bayer and Hanck, and three different estimation techniques, namely the fully modified ordinary least squares, dynamic ordinary least squares and canonical cointegrating regressions. Moreover, it employed the Toda-Yamamoto Granger causality test to determine the causal links between the variables. The results of the study show that industrialisation has had a significant positive effect on the country?s development process. However, it seems that globalisation moderates this relationship, with a negative interaction effect. This suggests that the positive effect of industrialisation on economic development is deterred by the way the country has integrated into the global economy, pointing to adverse consequences concerning its peripheral GVC participation, lack of economic diversification and formation of trade relationships. Based on this, it is recommended that policymakers prioritise the development of IWOSS industries, facilitate broader and deeper regional partnership formation as well as improve the diversification of its export base with adequate support directed towards developing the private sector. Length: 23 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 90-112 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=007&rid=15863 File-Function: First version, 0000 Number: 14115863 Classification-JEL: F15, F63, O14 Keywords: Globalisation, Industrialisation, Economic development, South Africa Handle: RePEc:sek:iefpro:14115863 Template-Type: ReDIF-Paper 1.0 Author-Name: Jacques De Jongh Author-Name-First: Jacques Author-Name-Last: De Jongh Author-Email: Jacques.Dejongh@nwu.ac.za Author-Workplace-Name: School of Economic Sciences, North-West University Author-Name: Precious Mncayi Author-Name-First: Precious Author-Name-Last: Mncayi Author-Email: Precious.Mncayi@nwu.ac.za Author-Workplace-Name: School of Economic Sciences, North-West University Title: The impact of economic globalisation on gender inequality in SACU countries: A panel econometric analysis Abstract: An interconnected and globalised world has arguably been one of the most prominent features of the 21st century. Globalisation, as a process, has altered many socio-economic features, and the gendered aspects of society have been among the most prominent. Ongoing debates suggest that the modern wave of neoliberal and technologically inclined integration has seen a more significant improvement in the socioeconomic position of females. Though from the developing world, concerns have been raised on the skill-biased nature of the process, its creation of a gendered division of labour, and trade liberalisation practices that have mainly benefited male-dominated sectors. Therefore, the study's main objective was to determine the impact of economic globalisation on gender inequality in Southern African Customs Union (SACU) countries. This study utilised a novel panel econometric approach, accounting for structural breaks, cross-sectional dependence and heterogenous slopes by employing the dynamic common correlated effects estimator. Causal links were identified using a Dumitrescu-Hurlin causality test. The main findings indicate that economic globalisation improves gender inequality in SACU countries. There is also evidence of a bidirectional causal relationship between the variables, suggesting that the way these countries integrate into the global economy is both a cause and effect of gender income distributions. It is therefore recommended that policies aimed at reducing gender inequality within the customs union consider the broader economic and social context in which economic globalisation is embedded. Strategies must promote gender-sensitive trade practices and improve women's education and training in preparation for employment in export-oriented sectors. Moreover, policymakers should prioritise attracting investments that enable the cohort and their communities while improving women-owned businesses' participation in global value chains. Length: 25 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 113-137 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=008&rid=15872 File-Function: First version, 0000 Number: 14115872 Classification-JEL: F00, F63, F15 Keywords: Globalisation; Economic globalisation; Inequality; Gender inequality; SACU; Southern Africa Handle: RePEc:sek:iefpro:14115872 Template-Type: ReDIF-Paper 1.0 Author-Name: Krzysztof Drachal Author-Name-First: Krzysztof Author-Name-Last: Drachal Author-Email: kdrachal@wne.uw.edu.pl Author-Workplace-Name: Faculty of Economic Sciences, University of Warsaw Title: Choosing Parameters for Bayesian Symbolic Regression: An Application to Modelling Commodities Prices Abstract: This study examines the application of Bayesian Symbolic Regression (BSR) for in-sample modelling of various commodities spot prices. The studied method is a novel one, and it shows promising potential as a forecasting tool. Additionally, BSR offers capabilities for handling variable selection (feature selection) challenges in econometric modeling. The focus of the presented research is to analyze the suitable selection of the initial parameters for BSR in the context of modelling commodities spot prices. Generally, it is a challenge for (conventional) symbolic regression to properly specify the set of operators (functions). Here, the analysis is primarily focused on specific time-series, making the presented considerations especially tailored to time-series representing commodities markets. The analysis is done with an aim to assess the ability of BSR to fit the observed data effectively. The out-of-sample forecasting performance analysis is deferred for investigations elsewhere. Herein, the main objective is to analyze how the selection of initial parameters impacts the accuracy of the BSR model. Indeed, the already known simulations were based on synthetic data. Therefore, herein real-word data from commodities markets are used. The outcomes can be useful for researchers and practitioners further interested in econometric and financial applications of BSR. (Research funded by the grant of the National Science Centre, Poland, under the contract number DEC-2018/31/B/HS4/02021.) Length: 11 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 138-148 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=009&rid=16014 File-Function: First version, 0000 Number: 14116014 Classification-JEL: C32, C53, Q02 Keywords: Bayesian symbolic regression, Commodities, Genetic algorithms, Modelling, Symbolic regression, Time-series Handle: RePEc:sek:iefpro:14116014 Template-Type: ReDIF-Paper 1.0 Author-Name: Marko Dru?i? Author-Name-First: Marko Author-Name-Last: Dru?i? Author-Email: mdruzic@net.efzg.hr Author-Workplace-Name: Faculty of Economics and Business, University of Zagreb Author-Name: Tomislav Gelo Author-Name-First: Tomislav Author-Name-Last: Gelo Author-Email: tgelo@net.efzg.hr Author-Workplace-Name: Faculty of Economics and Business, University of Zagreb Title: The Effect of ICT on Productivity in Transition and Developed EU Members Abstract: The aim of the paper was to investigate the effects of the share of value added of the ICT sector on productivity within the EU, and also to investigate any systematic differences in the effects between east (transition countries) and west (developed) EU members. To analyze the effect we used a fixed effects panel framework on a total of 23 EU countries (12 countries in ?west? and 11 in ?east? Europe) in a 25 year time period (1995-2020). Our main finding is that overall the share of ICT value added is a relevant and statistically significant predictor of labor productivity in the entire EU region. Furthermore, we find that the effect is twice as strong in west as opposed to east EU countries, implying a greater efficiency in translating new technology into more output per worker in developed countries. Additionally, we find that government share of GDP is a negative predictor of labor productivity in both sets of countries, giving credence to the often heard criticisms of the inefficient EU labor market due to excessive regulation which is further exacerbated by high corruption levels in east EU countries. Finally, we find that GDP per capita has a statistically significant negative relationship with productivity also in both sets of countries, implying that there is a significant catch-up effect at work both within west and east EU, with higher GDP per capita levels corresponding with lower productivity growth. Length: 11 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 149-159 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=010&rid=15901 File-Function: First version, 0000 Number: 14115901 Classification-JEL: N10, O47, O57 Keywords: ICT, Productivity, Transition countries Handle: RePEc:sek:iefpro:14115901 Template-Type: ReDIF-Paper 1.0 Author-Name: Neviana Krasteva Author-Name-First: Neviana Author-Name-Last: Krasteva Author-Email: nevianak@feb.uni-sofia.bg Author-Workplace-Name: Sofia University ?St. Kliment Ohridski? Author-Name: Desislava Alexova Author-Name-First: Desislava Author-Name-Last: Alexova Author-Email: dalexova@ibsedu.bg Author-Workplace-Name: International Business School, Sofia Title: Based on gamification and observation positive online destination experience (ODE) survey for Bulgaria Abstract: Despite the ongoing scholarly debate on technology-driven tourism experiences, research on pre-travel online destination experiences (ODEs) is still in its infancy, and theoretical knowledge about the nature of ODEs is limited. In particular, a suitable instrument is lacking to measure to evaluate the value of the pre-travel experience on destination websites The present study applies a methodology to evaluate the pre-travel ODE of destination websites. In order to control non-incentive factors influencing ODE, while ensuring a high degree of personal relevance regarding the presented topic and destinations, the sample was composed of a homogeneous group, namely millennials (25?35 years old) living in Bulgaria with an affinity for vacation and an interest in traveling to at least one of the selected sample destinations. The narrowing of the sample to Bulgarian millennials is based on the fact that this target group has a strong preference for travel and online activities (Ketter 2021) and uses destination websites more often than average for inspiration or information before traveling (Godovykh M, Tasci AD (2020)). Several aspects guided the selection of target websites. Destinations should provide many natural and/or cultural attractions, making them potentially interesting for the target group. The combination of different destination categories (city, nation, region) should show that the scale is applicable regardless of destination scope. However, based on the experience marketing perspective, the most important selection criteria were experience design and website quality. The report presents the results of this study. Length: 10 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 160-169 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=011&rid=15965 File-Function: First version, 0000 Number: 14115965 Classification-JEL: M30, Z00, Z10 Keywords: Gamification, Online destination experiences, Pre-travel Handle: RePEc:sek:iefpro:14115965 Template-Type: ReDIF-Paper 1.0 Author-Name: Yicheng LIN Author-Name-First: Yicheng Author-Name-Last: LIN Author-Email: yclin809@outlook.com Author-Workplace-Name: University of Exeter Title: The effect of financial development on the gender unemployment differential in ASEAN4 economies Abstract: The study aims to analyse the short and long-run effect of financial development on the gender unemployment differential within the ASEAN4 (Thailand, Malaysia, the Philippines, and Indonesia) economies. The panel regression analysis includes a short-run period from 2009 to 2019 and a long-run period from 1980 to 2019. The results depicted a negative effect on financial development in the long run. In addition, inflation affects the unemployment differential negatively in the short and long run, while HCI depicts a positive effect. Length: 16 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 170-185 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=012&rid=16021 File-Function: First version, 0000 Number: 14116018 Classification-JEL: E44 Keywords: Financial Development, Gender unemployment differential, Human Capital Index Handle: RePEc:sek:iefpro:14116018 Template-Type: ReDIF-Paper 1.0 Author-Name: Precious Mncayi Author-Name-First: Precious Author-Name-Last: Mncayi Author-Email: Precious.Mncayi@nwu.ac.za Author-Workplace-Name: School of Economic Sciences, North-West University Author-Name: Jabulile Makhalima Author-Name-First: Jabulile Author-Name-Last: Makhalima Author-Email: Jabulile.Makhalima@nwu.ac.za Author-Workplace-Name: North-West University Title: EXPLORING FACTORS THAT INFLUENCE THE EMPLOYMENT OUTCOMES OF FEMALE UNIVERSITY GRADUATES: A SOUTH AFRICAN PERSPECTIVE Abstract: The South African labour market has long been known for its discriminatory nature. This remarkable feature stems from a racially divided past that persists even after more than 25 years of democracy. Females, in particular, face some of the highest unemployment rates among all groups in the country. While studies connecting gender to higher education have produced mixed results, it is worth noting that a greater percentage of females in South Africa have earned a bachelor?s degree than males, according to the 2021 South African Post-School Education Monitoring Report. Moreover, the graduation rate for females has been consistently higher than for males in the last decade. In fact, females have consistently held higher graduation rates over the last decade. Although the higher education sector in South Africa produces a larger number of female graduates and seems to integrate them into the labour market better, unemployment remains a persistent issue among this group. To better understand the factors impacting employment outcomes for South African female university graduates, this article examines data collected from a database of 559 South African female university graduates. The findings show that age (particularly those under 30 years of age), previous racially disadvantaged background, being single, and a bachelor?s degree in humanities are statistically significant factors that generate negative employment outcomes. The study recommends that the South African government and private sector take more active measures to encourage and empower females instead of relying solely on education. While education is important, the unique challenges of the South African labour market make it crucial for graduates to carefully consider their career choices and strive for academic excellence. Length: 22 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 186-207 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=013&rid=15883 File-Function: First version, 0000 Number: 14115883 Classification-JEL: A23, J01, J16 Keywords: Employment outcomes; university graduates; females; female graduates; graduate employment; South Africa Handle: RePEc:sek:iefpro:14115883 Template-Type: ReDIF-Paper 1.0 Author-Name: Amparo Isabel Pilicita Garrido Author-Name-First: Amparo Isabel Author-Name-Last: Pilicita Garrido Author-Email: aipilicita@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Author-Name: Mario Cruz Author-Name-First: Mario Author-Name-Last: Cruz Author-Email: macruz8@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Author-Name: Francisco Montufar Author-Name-First: Francisco Author-Name-Last: Montufar Author-Email: fxmontufar@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Author-Name: Fanny Cevallos Author-Name-First: Fanny Author-Name-Last: Cevallos Author-Email: flcevallos@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Author-Name: Angel Cruz Author-Name-First: Angel Author-Name-Last: Cruz Author-Email: agcruz2@espe.edu.ec Author-Workplace-Name: Universidad de la Fuerzas Armadas - ESPE Title: Strategic Planning for Metropolitan Commission of fighting Corruption (HONEST QUITO) Abstract: The Metropolitan Anti-Corruption Commission is a specialized unit in the city of Quito that prevents corruption and promotes transparency in Municipal Management. The purpose of this research was to propose strategic planning for the organization; the type of research was qualitative, and the interview with experts from the same institution was used as a research technique. The results showed that the strength of the organization is the specificity of its work and its experienced, dynamic, and motivated personnel; the opportunity is the awareness of citizens in the processes of transparency and accountability in municipal management; the threat is the ever-increasing budget cuts to public institutions. Finally, for follow-up and control, the Balanced Scorecard was applied, where the SWOT was placed in each of the defined perspectives and in this way, the strategic objectives were defined to build a culture of transparency in the Metropolitan District of Quito. Length: 12 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 208-219 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=014&rid=15994 File-Function: First version, 0000 Number: 14115994 Classification-JEL: M19 Keywords: Strategic Planning, Balanced Scorecard Handle: RePEc:sek:iefpro:14115994 Template-Type: ReDIF-Paper 1.0 Author-Name: Tharinee Pongsupatt Author-Name-First: Tharinee Author-Name-Last: Pongsupatt Author-Email: tharinee.p@ku.ac.th Author-Workplace-Name: Faculty of Business Administration, Kasetsart University Author-Name: Apichat Pongsupatt Author-Name-First: Apichat Author-Name-Last: Pongsupatt Author-Email: apichat.p@ku.ac.th Author-Workplace-Name: Faculty of Business Administration, Kasetsart University Title: DETERMINANTS OF CAPITAL STRUCTURE ON BANKING SECTOR CASE STUDY: LISTED COMPANY IN THAILAND STOCK EXCHANGE Abstract: The objective of this paper is to examine factors affecting capital structure in the banking sector. Two categories of explanatory variables consist of internal and external factors. Internal factors were divided into six variables including profitability, owner, market value, size, tangible assets, and intangible assets. External factors are economic determinants which are made up of interest rate and gross domestic product. Capital structure is measured by debt ratio. The study employed multiple regressions and panel data analysis in the capital structure in the banking sector. The population are 11 banks listed in Thailand stock exchange. The data is collected quarterly from the period of 2012 ? 2021 with total of 40 quarters. Secondary data was collected through Thailand Stock Exchange website and analyzed using multiple regression model with statistic testing at the significant level of 0.05. The result shows that the firm?s market value, tangibility, firm?s size and interest rate are positively associated with capital structure while firm?s profitability and ownership are negatively associated with leverage. The study recommends the bank managers, financial analysts and policy maker should better understanding about the factors which may influence the capital structure of Thailand banking sector. Length: 8 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 220-227 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=015&rid=15977 File-Function: First version, 0000 Number: 14115977 Classification-JEL: M19, M41, C12 Keywords: Capital Structure, Banking Sector, Leverage, Panel Data Handle: RePEc:sek:iefpro:14115977 Template-Type: ReDIF-Paper 1.0 Author-Name: Stefan Raychev Author-Name-First: Stefan Author-Name-Last: Raychev Author-Email: raychev.stefan@uni-plovdiv.bg Author-Workplace-Name: University of Plovdiv Paisii Hilendarski Author-Name: Yuliyan Mollov Author-Name-First: Yuliyan Author-Name-Last: Mollov Author-Email: jmollov@uni-plovdiv.bg Author-Workplace-Name: University of Plovdiv Paisii Hilendarski Title: Decentralization, Green economics, and Cohesion: A Comprehensive Analysis of European Regional Development Abstract: This article presents the cohesion policy in the EU and analyzes the role of decentralization for the sustainable development of the European regions at the NUTS 2 level. It examines the regional policy in the EU member states and its relationship with the decentralization and social progress of the regions. The study also covers sustainable urban development in Europe. Trends and effects of decentralization on economic growth and regional inequalities are discussed. A methodology based on statistical analysis is used to compare the social progress of European regions. A comprehensive approach is applied to reveal relationships and dependencies between indicators of a socio-economic nature within EU NUTS 2 level regions. In this sense, the methodology uses statistical software tools to reveal trends in the structural aspect of regional development and thus draw conclusions and recommendations for policies and measures aimed at increasing the effectiveness of fiscal regionalization. Incorporating principles of green economics into regional policy and decentralization efforts can drive the adoption of sustainable practices, such as renewable energy deployment, eco-friendly infrastructure development, and the promotion of green industries. The integration of green economic strategies within regional governance structures empowers regions to pursue environmentally conscious initiatives, contributing to the overall transition towards a low-carbon and resource-efficient economy. Length: 12 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 228-239 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=016&rid=15972 File-Function: First version, 0000 Number: 14115972 Classification-JEL: R11, Q01, R58 Keywords: Green transition, Region development, Social-progress index of regions, Decentralization, Cohesion, Sustainable development Handle: RePEc:sek:iefpro:14115972 Template-Type: ReDIF-Paper 1.0 Author-Name: Stefan Raychev Author-Name-First: Stefan Author-Name-Last: Raychev Author-Email: raychev.stefan@uni-plovdiv.bg Author-Workplace-Name: University of Plovdiv Paisii Hilendarski Author-Name: Dobrinka Stoyanova Author-Name-First: Dobrinka Author-Name-Last: Stoyanova Author-Email: d.stoyanova@uni-plovdiv.bg Author-Workplace-Name: University of Plovdiv Paisii Hilendarski Author-Name: Blaga Madzhurova Author-Name-First: Blaga Author-Name-Last: Madzhurova Author-Email: bmadzhurova@uni-plovdiv.bg Author-Workplace-Name: University of Plovdiv Paisii Hilendarski Title: Investigating the Relationship between Green Transition and Socio-Economic Dimensions ? a Way to ? Sustainable Future Abstract: The complex relationship between green transition and socio-economic factors implies a detailed and comprehensive analysis of the interdependencies between the indicators. The employment and unemployment variables will be particularly affected. Amounting research shows that the transformation to "green" jobs, if not supported by adequate policies, will put the labour market at risk. On the one hand, the need for new skills means higher public costs, and on the other hand, the drive to reduce carbon emissions, if not accompanied by unemployment control, will also put economic growth at risk. This implies a gradual transformation of the countries, which in turn requires updated social and fiscal pacts. Such countries must be adapted to the future, must tackle modern risk structure, must ensure the expansion of the scope of rights and urgently face the challenges of low productivity, social vulnerability and inequality, institutional weakness and technological and climate change. Length: 11 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 240-250 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=017&rid=15973 File-Function: First version, 0000 Number: 14115973 Classification-JEL: E24, Q01, G28 Keywords: Green transition, Labour market, Social-economic dimension, Unemployment, Growth, CO2 emissions Handle: RePEc:sek:iefpro:14115973 Template-Type: ReDIF-Paper 1.0 Author-Name: Stefan Raychev Author-Name-First: Stefan Author-Name-Last: Raychev Author-Email: raychev.stefan@uni-plovdiv.bg Author-Workplace-Name: Department of Economic Science, University of Plovdiv Paisii Hilendarski Author-Name: Blaga Madzhurova Author-Name-First: Blaga Author-Name-Last: Madzhurova Author-Email: bmadzhurova@uni-plovdiv.bg Author-Workplace-Name: Department of Economic Science, University of Plovdiv Paisii Hilendarski Author-Name: Dobrinka Stoyanova Author-Name-First: Dobrinka Author-Name-Last: Stoyanova Author-Email: d.stoyanova@uni-plovdiv.bg Author-Workplace-Name: Department of Economic Science, University of Plovdiv Paisii Hilendarski Title: To be rich or to be green- the dilemma between GDP and CO2 emissions per capita Abstract: The offered study tackles the problem of whether a country can be synchronously rich and "green". The toolkit applied to resolve this dilemma, on the one hand, involves a review of theoretical sources on the issue, and on the other hand, necessitates a conduct of an empirical study of the dependencies between economic growth, and in particular GDP per capita and carbon dioxide emissions (CO2 ) per capita. This is an assessment method of the eventual impact of economic growth on environmental degradation. An evaluation of the theories indicates that a relationship exists between economic growth and environmental degradation, however it is multidimensional. The outcomes of the in-depth analysis of the relationship between economic prosperity and environmental sustainability, after applying correlation and regression analyses, along with the RANSAC regressor, actually reveal that there is a positive relationship between CO2 emissions and GDP per capita. The visualization of the results gives a clear idea of the relationship for each year of the research period. These findings contribute to the current debate concerning the balance between economic growth and environmental protection. Length: 10 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 251-260 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=018&rid=16004 File-Function: First version, 0000 Number: 14116004 Classification-JEL: E01, O40, Q01 Keywords: Green transition, GDP per capita, Economic growth, CO2 emissions per capita Handle: RePEc:sek:iefpro:14116004 Template-Type: ReDIF-Paper 1.0 Author-Name: Rahmatali Saberi Haghayegh Author-Name-First: Rahmatali Author-Name-Last: Saberi Haghayegh Author-Email: Saberi118@ut.ac.ir Author-Workplace-Name: Bandar Anzali Branch, Islamic Azad University Author-Name: Alireza Farrokhbakht Foomani Author-Name-First: Alireza Author-Name-Last: Farrokhbakht Foomani Author-Email: alirezafoomani@gmail.com Author-Workplace-Name: Bandar Anzali Branch, Islamic Azad University Author-Name: Peiman Alidoust Zoghi Author-Name-First: Peiman Author-Name-Last: Alidoust Zoghi Author-Email: zoghipeiman@gmail.com Author-Workplace-Name: Bandar Anzali Branch, Islamic Azad University Author-Name: Amir Hossein Ebrahimizadeh Pishvari Author-Name-First: Amir Hossein Author-Name-Last: Ebrahimizadeh Pishvari Author-Email: Amirho3ein.ebrahimizadeh.1374@gmail.com Author-Workplace-Name: Bandar Anzali Branch, Islamic Azad University Title: Social responsibility role on customer loyalty in insurance industry Abstract: This research article deals with the effect of social responsibility on customer loyalty with the mediating role of company image, customer satisfaction and trust in the insurance industry. The noticeable decline of brand from the sales analysis can be the main problem of businesses regarding loyalty and also the rate of customer loss as the main evaluation criteria and proves the importance of attention and the influence of interpersonal relationships in them.This research is descriptive according to the purpose of applied research, according to the method of data collection, and correlative in terms of method. The statistical population of the research was all the customers of Iran Insurance Co. in Bandar Anzali. The number of 384 people was selected as a sample. The research data collection tool was a standard questionnaire and SPSS and PLS software were used for data analysis. The results showed that the social responsibility of the company with the mediating role of the company's image, satisfaction and trust has a positive effect on the loyalty of Iran insurance customers in Bandar Anzali. Also, the business capabilities moderates the effect of corporate social responsibility on customer loyalty.Based on these results, effective actions can be taken to improve customer loyalty and maintain them. These actions include: using integrated marketing communication tools, focusing on improving the feelings of regular customers, making customers more aware of core competencies, focusing on identifying and strengthening factors affecting the perceived quality of customers, and providing more facilities for regular customers. Length: 9 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 261-269 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=019&rid=15917 File-Function: First version, 0000 Number: 14115917 Classification-JEL: Keywords: Company image, Customer loyalty, Customer trust, Satisfaction, Social responsibility Handle: RePEc:sek:iefpro:14115917 Template-Type: ReDIF-Paper 1.0 Author-Name: Lamia SABOUR ALAOUI Author-Name-First: Lamia Author-Name-Last: SABOUR ALAOUI Author-Email: laammiia@hotmail.com Author-Workplace-Name: National School of Business and Management (ENCG) Title: THE DIFFICULTIES OF SMEs : A BENCHMARK STUDY BETWEEN MOROCCO AND TURKEY Abstract: SMEs have a high rate of disappearance, an SME in the course of its life may face the risk of failure. This failure is due to several micro or macro-economic factors. The objective of this article is to address the positioning of Moroccan small and medium enterprises in relation to Turkish SMEs. As such, we have chosen Turkey, as it is among the best economic powers in the world.The comparative analysis will focus on Turkey's strengths and advantages, notably in terms of the means to solve problems and difficulties related to R&D, competition from informal enterprises, access to finance, lack of managerial and entrepreneurial skills and the capacity of SMEs to participate in the exportable offer. Length: 10 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 270-279 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=020&rid=15841 File-Function: First version, 0000 Number: 14115841 Classification-JEL: A10 Keywords: SMEs, Benchmarking, Managerial skills, Informal enterprises, R&D, Morocco, Turkey. Handle: RePEc:sek:iefpro:14115841 Template-Type: ReDIF-Paper 1.0 Author-Name: Avraham Turgeman Author-Name-First: Avraham Author-Name-Last: Turgeman Author-Email: avraham.turgeman10@e-uvt.ro Author-Workplace-Name: West University of Timisoara Author-Name: Claudiu Botoc Author-Name-First: Claudiu Author-Name-Last: Botoc Author-Email: claudiu.botoc@e-uvt.ro Author-Workplace-Name: West University of Timisoara Author-Name: Marilen Pirtea Author-Name-First: Marilen Author-Name-Last: Pirtea Author-Email: marilen.pirtea@e-uvt.ro Author-Workplace-Name: West University of Timisoara Author-Name: Octavian Jude Author-Name-First: Octavian Author-Name-Last: Jude Author-Email: octavian.jude87@e-uvt.ro Author-Workplace-Name: West University of Timisoara Title: MODELLING INTRADAY REALIZED VOLATILITY: THE ROLE OF VIX, OIL AND GOLD Abstract: The main aim of the paper is to test an autoregressive implied volatility (IV) model that can significantly predict realized volatility (RV) of stock index. Subsequently, we want to test the predictive power of products that are external to the index of interest (S&P), by including certain commodities that are derived from VIX, i.e., crude oil and gold. The results do not reject the memory effect, given the predictive power of several lags for VIX over realized volatility. Furthermore, crude oil volatility is a significant predictor, alternatively in realized volatility and implied volatility. Finally, gold implied volatility (with higher lags) predicts stock returns volatility, which suggests a gap since traders tend to start gaining gold earlier to be on the safe side. Our findings have certain implications for trading and risk estimation. Length: 19 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 280-298 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=021&rid=15804 File-Function: First version, 0000 Number: 14115804 Classification-JEL: C22, G17 Keywords: Implied volatility, Realized volatility, AR model, Forecasting Handle: RePEc:sek:iefpro:14115804 Template-Type: ReDIF-Paper 1.0 Author-Name: Marlé van Eyk Author-Name-First: Marlé Author-Name-Last: van Eyk Author-Email: marle.vaneyk@mandela.ac.za Author-Workplace-Name: Department of Marketing Management, Nelson Mandela University Author-Name: Danie Ferreira Author-Name-First: Danie Author-Name-Last: Ferreira Author-Email: Danie.ferreira@mandela.ac.za Author-Workplace-Name: Department of Marketing Management, Nelson Mandela University Title: The characteristics of an online shopping experience within a retail context Abstract: Customer experience is influenced by many determining factors. The key characteristics of a customer experience imply personal interaction between the customer and organisation. In order to differentiate themselves and so remain relevant and competitive, retailers need to constantly improve customer experiences in both the traditional marketplace and online market space. The aim of the study is to theoretically identify and evaluate the characteristics of an online shopping experience in the retail environment. Based on previous research, five characteristics relevant to an online shopping experience were identified, namely product, shopping procedure, shopping environment, staff service and personalization. A quantitative research method was used by means of a web-based survey using both convenience and snowball sampling to obtain the responses from a sample of 400 respondents. The responses were statistically analysed using SPSS Version 27. Face validity of the measuring instrument was ensured by four experts in the marketing field and reliability of the measuring instrument was confirmed by calculating the Cronbach-alpha coefficient, which was above the recommended 0.7. Based on the results the CFA, the applicability of the five characteristics identified can be confirmed. The empirical results provided evidence that supports the existence of positive correlations between five independent experience factors (customer experience characteristics), with customer experience (dependent variable). Recommendations made from this study will be helpful to online retailers in delivering customer experience in order to gain a competitive advantage. Length: 12 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 299-310 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=022&rid=15925 File-Function: First version, 0000 Number: 14115925 Classification-JEL: M31 Keywords: Customer Experience, Online Shopping, Retail Context Handle: RePEc:sek:iefpro:14115925 Template-Type: ReDIF-Paper 1.0 Author-Name: Victor Vasnetsov Author-Name-First: Victor Author-Name-Last: Vasnetsov Author-Email: VV@c-edi.org Author-Workplace-Name: Caribbean Environmental Development Institute Author-Name: Catherine Vasnetsov Author-Name-First: Catherine Author-Name-Last: Vasnetsov Author-Email: CV@c-edi.org Author-Workplace-Name: Caribbean Environmental Development Institute Title: COVID Impact on Cross-Border M&A: Evidence from European Union Abstract: This paper investigates trends in cross-border Mergers and Acquisitions (M&A) in the European Union (EU), both pre-COVID and during the COVID epidemic, in its correlations with several major macroeconomic and financial factors. We established that EU cross-border M&A transaction volume during the 2000-2023 period was positively correlated to European stock market performance, exchange rate (Euro/US dollar), and EU economic uncertainty, and inversely correlated to stock market valuations and cost of debt capital. All these correlations were found to be highly statistically significant. COVID?s overall impact could be split into two different phases: first, the initial massive ?shock? (March ? June 2020) with its highly disruptive effect to all types of economic activities (including cross-border M&A). In the later, longer phase (July 2020 ? April 2022), COVID itself had no statistically significant impact on a strong rebound in the economy and M&A activity despite two larger waves of COVID epidemic (winters of 2020-21 and 2021-22). The latter could be explained by the rapid adjustment of economies and societies to effective remote work and by the massive monetary and fiscal interventions by EU governments. This unprecedented government stimulus had a rapid, positive, and sustainable effect on the economies and the stock market more than just offsetting the initial negative impact of COVID, and temporarily distorted historical relationships of M&A activity with macroeconomic factors. Length: 13 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 311-323 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=023&rid=15993 File-Function: First version, 0000 Number: 14115993 Classification-JEL: G34, I15 Keywords: EU mergers and acquisitions (M&A), Cross-border M&A, COVID-19 Handle: RePEc:sek:iefpro:14115993 Template-Type: ReDIF-Paper 1.0 Author-Name: Jenny Vinueza Author-Name-First: Jenny Author-Name-Last: Vinueza Author-Email: jlvinueza@espe.edu.ec Author-Workplace-Name: Universidad de las Fuerzas Armadas - ESPE Author-Name: Marcela Viteri Author-Name-First: Marcela Author-Name-Last: Viteri Author-Email: dmviteri@espe.edu.ec Author-Workplace-Name: Universidad de las Fuerzas Armadas - ESPE Title: Elements that influence the university-stakeholders of fair trade: A look from the different actors Abstract: In the present investigation, the issue of fair trade is addressed with a focus on sustainability and highlights its importance in promoting equity in global trade. The problem addressed in the research is the lack of links between fair trade organizations and universities, and how this affects the study and development of this type of trade. The methodology used is non-experimental and intentional sampling is used. The units analyzed are fair trade organizations, state services, non-governmental organizations, and universities; semi-structured interviews and secondary information sources produced by the participants are applied to stakeholders on their web pages. Among the main conclusions, it is identified that fair trade organizations perceive a lack of interest and knowledge about fair trade in universities, which makes collaboration between both parties difficult. In addition, it is pointed out that universities are not familiar with the concept of fair trade and lack trained personnel in this field. Organizations demand more research topics and propose collaborations through talks, workshops, and fairs at universities. It is observed that public institutions also face difficulties in approaching academia and fair trade organizations due to bureaucracy and lack of funds. On the other hand, it is highlighted that universities do not have macro projects on fair trade, although they show openness to broaden knowledge in this area. Likewise, it is revealed that most of the career directors are unaware of fair trade issues, but they recognize its importance as a development alternative Length: 9 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 324-332 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=024&rid=16030 File-Function: First version, 0000 Number: 14116030 Classification-JEL: D21, I21 Keywords: Fairtrade, Sustainability, Universities, Fair trade Handle: RePEc:sek:iefpro:14116030 Template-Type: ReDIF-Paper 1.0 Author-Name: Marcela Viteri Author-Name-First: Marcela Author-Name-Last: Viteri Author-Email: dmviteri@espe.edu.ec Author-Workplace-Name: Universidad de las Fuerzas Armadas - ESPE Author-Name: Jenny Vinueza Author-Name-First: Jenny Author-Name-Last: Vinueza Author-Email: jlvinueza@espe.edu.ec Author-Workplace-Name: Universidad de las Fuerzas Armadas - ESPE Author-Name: Adriana Vallejo Author-Name-First: Adriana Author-Name-Last: Vallejo Author-Email: anvallejo@espe.edu.ec Author-Workplace-Name: Universidad de las Fuerzas Armadas - ESPE Title: PRO-SUSTAINABILITY ORIENTATIONS IN THE SUBSTANTIVE FUNCTIONS OF THE PUBLIC UNIVERSITIES IN PICHINCHA ? ECUADOR Abstract: The study aimed to assess the pro-sustainability orientations in the organizational culture in the public universities of Pichincha ? Ecuador; from the perspective proposed by Schein, considering strategic planning and substantive functions: teaching, research, and community outreach programs. This study employed the questionnaire designed by University Leaders for a Sustainable Future, the tool evaluates the environmental, social, and economic dimensions within universities. This is a qualitative method to assess the Universities? performance considering seven variables included in educational, research, and community outreach management. The primary data were obtained by analyzing the pro-sustainability orientations present in the formal documentation of strategic planning and substantive functions. The critical factor weighting matrix suggested by David Fred was used for the assessment. In the second phase, an analysis of in-depth interviews was conducted with seventeen informants from three public universities. Results show that the pro-sustainability orientations present in formal documentation of strategic planning and substantive functions have a strong tendency to use texts related to the social dimension; while texts with orientations towards the environmental dimension were less utilized in substantive functions; with the interview's common perceptions within the organizational culture related to a traditional university culture that assumes a lack of knowledge and interest in students from lower socioeconomic backgrounds, when in reality, the lack of interest from faculty and authorities stems from their own biases regarding the capabilities of their students and their limitations. Along the same line, it is mentioned that the individual culture brought by each university community member influences its organizational culture. Length: 16 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 333-348 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=025&rid=16028 File-Function: First version, 0000 Number: 14116028 Classification-JEL: D21, I21 Keywords: Institutional sustainability, University substantive functions, Education Handle: RePEc:sek:iefpro:14116028 Template-Type: ReDIF-Paper 1.0 Author-Name: Sirijin Wongjarupun Author-Name-First: Sirijin Author-Name-Last: Wongjarupun Author-Email: sirijin.w@ku.th Author-Workplace-Name: Kasetsart University, Bangkok Author-Name: Korakot Wichitpong Author-Name-First: Korakot Author-Name-Last: Wichitpong Author-Email: korakotw23@gmail.com Author-Workplace-Name: Kasetsart University, Bangkok Author-Name: Preeyanuch Apibunyopas Author-Name-First: Preeyanuch Author-Name-Last: Apibunyopas Author-Email: preeyanuch.a@ku.th Author-Workplace-Name: Kasetsart University, Bangkok Title: Effect of customer emotional intelligence on relationship between service recovery and customer satisfaction Abstract: Service is a process of human interaction, specifically an interaction between employees and customers. Service recovery is crucial in the service sector, particularly when a company fails to meet customer expectations. Prompt and appropriate actions are needed as service recovery is closely related to customer emotions, which greatly impact satisfaction. Customers exhibit varying levels of emotional intelligence (EI) when responding to service recovery. EI is necessary for both service employees and customers in achieving effective service delivery. However, the role of customer EI during service recovery lacks attention in the academic research. Thus, this study aims to investigate the effect of customer EI, as a moderator, on the relationship between service recovery and customer satisfaction. Survey research with 305 respondents was conducted. Ordinary least squares regression was used to determine whether customer EI influences the relationship between service recovery and customer satisfaction. Quantile regression was employed to explore the moderator?s effect across different levels of customer satisfaction. The results revealed that customer EI positively moderates the relationship between service recovery and customer satisfaction. However, the influence of this moderator was primarily observed at low to moderate levels of customer satisfaction. By understanding the role of EI, service providers can effectively manage customer emotions during service recovery, ultimately leading to enhanced satisfaction. Overall, this study enhances our comprehension of how customer EI impacts service recovery and customer satisfaction, enabling service providers to tailor their approaches and cultivate stronger customer relationships. Length: 9 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 349-357 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=026&rid=15984 File-Function: First version, 0000 Number: 14115984 Classification-JEL: L84 Keywords: Service Recovery, Customer Satisfaction, Emotional Intelligence. Handle: RePEc:sek:iefpro:14115984 Template-Type: ReDIF-Paper 1.0 Author-Name: Fengqi Xie Author-Name-First: Fengqi Author-Name-Last: Xie Author-Email: fengqi.xie.bsu@gmail.com Author-Workplace-Name: Tomsk State University Author-Name: Marina Ryzhkova Author-Name-First: Marina Author-Name-Last: Ryzhkova Author-Email: marybox@inbox.ru Author-Workplace-Name: Tomsk State University Title: The Development Status of CBDC: A Comparative Study Abstract: In recent years, the concept of central bank digital currency (CBDC) has gained significant attention in the field of monetary economics and finance. CBDC is a digital form of central bank money that can be used by the public and commercial banks for payments and other transactions. This paper provides a comparative study of the development status of CBDC in different countries and regions, including China, Sweden, the United States, and the European Union. The study examines the motivations for developing CBDC, the design features of CBDC, the legal and regulatory frameworks for CBDC, and the potential benefits and risks of CBDC. The findings suggest that while there is no one-size-fits-all approach to CBDC, there are some common themes and challenges that policymakers need to address in designing and implementing CBDC. Length: 8 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 358-365 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=027&rid=15979 File-Function: First version, 0000 Number: 14115979 Classification-JEL: G32, E58, G28 Keywords: Central bank digital currency; Development status; Motivation; Design feature; Legal and regulatory frameworks; Potential benefits and risks Handle: RePEc:sek:iefpro:14115979 Template-Type: ReDIF-Paper 1.0 Author-Name: Ana Zrnic Author-Name-First: Ana Author-Name-Last: Zrnic Author-Email: ana.zrnic@efos.hr Author-Workplace-Name: Faculty of Economics in Osijek, Josip Juraj Strossmayer University of Osijek Author-Name: Dubravka Pekanov Author-Name-First: Dubravka Author-Name-Last: Pekanov Author-Email: dubravka.pekanov@efos.hr Author-Workplace-Name: Faculty of Economics in Osijek, Josip Juraj Strossmayer University of Osijek Author-Name: Ivana Fosi? Author-Name-First: Ivana Author-Name-Last: Fosi? Author-Email: ivana.fosic@efos.hr Author-Workplace-Name: Faculty of Economics in Osijek, Josip Juraj Strossmayer University of Osijek Title: GRI-based Sustainability Reporting in the European Union Energy Sector: A Comprehensive Overview Abstract: This paper provides an analysis of sustainability reporting practices in the European Union, focusing on indicators disclosed by energy companies in accordance with the Global Reporting Initiative (GRI) guidelines and standards. By analyzing data from sustainability reports of energy companies between 2016 and 2019, the paper investigates the evolution of indicator disclosure over time. The findings reveal that economic indicators have been consistently reported without significant fluctuations, while environmental indicators show a slight decline since 2017, albeit without major deviations. On the other hand, social indicators demonstrate a positive trend throughout the entire period, particularly when compared to the lowest disclosure rate in 2016. The analysis highlights the voluntary nature of GRI standards' application and the limited disclosure of economic indicators by companies. It underscores the need to include economic indicators in sustainability reports to ensure a comprehensive representation of all three dimensions of sustainability. Furthermore, the study suggests narrowing down GRI standards as many indicators are underutilized in the analyzed companies. While the development of sustainability reporting standards for EU companies is underway, global comparability remains a challenge. Therefore, the paper envisions the future development of a global sustainability reporting framework, akin to financial reporting, to enhance organizations' assessment, comparability, and improvement of sustainability performance. In this regard, the GRI framework, based on its current application, holds potential for further refinement and formalization. Ultimately, achieving adequate standardization and harmonization will be crucial in advancing the field of sustainability reporting. This is particulary important for investors interested in making informed decisions based on environmental, social, and governance (ESG) factors. Length: 14 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 366-379 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=028&rid=15959 File-Function: First version, 0000 Number: 14115959 Classification-JEL: M48, Q56, Q49 Keywords: Sustainability reporting, GRI standards, Energy companies, Sustainable investment Handle: RePEc:sek:iefpro:14115959 Template-Type: ReDIF-Paper 1.0 Author-Name: Ek-anong Tangrukwaraskul Author-Name-First: Ek-anong Author-Name-Last: Tangrukwaraskul Author-Email: ekanong.t@ku.th Author-Workplace-Name: Kasetsart University Author-Name: Kiriya Kulchanarat Author-Name-First: Kiriya Author-Name-Last: Kulchanarat Author-Email: kiriya.k@ku.th Author-Workplace-Name: Kasetsart University Title: Impact of COVID-19 Pandemic on the Financial Performance of Healthcare Firms listed on Thailand Stock Exchange Abstract: Healthcare services in Thailand are profoundly promoted and aimed to be Asia?s capital of health and wellness since 2015. Revenues from medical tourists accelerated growth in the private hospitals, many of those are listed on the stock exchange. During the COVID-19 pandemic, economic activities including travel and tourism, were brought to a halt resulting in a decline in the number of medical tourists. However, domestic demand for medical services significantly increased. This paper investigates how healthcare firms listed in Thailand stock market perform before and during the pandemic. Panel data during the year 2015 ? 2018 represents pre-pandemic period and the year 2019 ? 2022 represents pandemic period. Data from financial reports was analyzed using pooled ordinary least square (OLS) regression. Effects of firms? operation towards their financial performance before and during the pandemic are examined. Length: 8 pages Creation-Date: 0000-00 Publication-Status: Published in Proceedings of the Proceedings of the International Conference on Economics, Finance & Business, Prague, Nov -0001, pages 380-387 File-URL: https://iises.net/proceedings/international-conference-on-economics-finance-and-business-prague-2023-1/table-of-content/detail?cid=141&iid=029&rid=15983 File-Function: First version, 0000 Number: 14115983 Classification-JEL: F65, L25, L80 Keywords: Financial Performance, Financial Ratio, Healthcare Sector, the Stock Exchange of Thailand, COVID-19 pandemic Handle: RePEc:sek:iefpro:14115983