Preface
Contents
Forecasting the South African Financial Cycle: A Linear and Non-Linear Approach
1 Introduction
2 Literature Overview
3 Data Description and Methodology
3.1 ARIMA Methodology
3.2 Non-linear Models
3.2.1 MS-AR Models
3.2.2 STAR Models
3.3 Determining Forecasting Performance
4 Results, Findings, and Discussion
4.1 ARIMA Model Outputs
4.2 STAR Model Outputs
4.3 MS-AR Model Outputs
4.4 Forecasting Performance Evaluation
5 Conclusion
A.1 Appendix: Selection Criterion for Various MS-AR Models
References
From Clubs to Communities. From Tourists to International Friends. Crisis Legacy in Music Organizations with Revenue Management and Relationship Marketing
1 Introduction
2 Relationship Marketing in US Opera Houses and Symphony Orchestras: From Engagement to Loyalty Inside and Outside
3 Method
4 Key Findings and Discussion: The Fundraiser and the Revenue Manager on the Stage of US Classical Music
5 Conclusion
A.1 Appendix
A.1.1 Cluster Fundraiser
A.1.2 Cluster Revenue Manager
References
Measuring Dynamic Capabilities-Based Synergies in M&A Deals with Real Options: Amazon's Acquisition of Whole Food
1 Introduction: Purpose, Motivation, and Originality
2 Key Literature Review
2.1 Exploring Dynamic Capabilities in Merger and Acquisition Deals
2.2 Exploring Synergies in M&A as Market Value-Added
2.3 Measuring Dynamic Capabilities-Based Synergies in M&A with a Real Option
3 Illustrative Case Study Amazon's Acquisition of Whole Food
3.1 Illustration of Acquisition-Based Dynamic Capabilities of Amazon.com
4 Finding and Discussion
5 Conclusion, Limitation, and Future Work
References
Raising Rivals' Costs When the Downstream Firms Compete in Stackelberg Fashion
1 Introduction
2 Stackelberg Competition
3 Successive Monopoly
4 Conclusions
References
Comparing Five Generational Cohorts on Their Sustainable Food Consumption Patterns: Recommendations for Improvement Through Marketing Communication
1 Introduction
2 Literature Review
3 Methodology
4 Results: Discussion
4.1 Sample Profile
4.2 Sustainable Food Consumption Patterns per Generational Cohort and for the Total Sample
4.3 Factor AnalysisโSegmentation Based on SFC Patterns
4.4 Hypotheses Testing
4.5 Multiple Comparison of Means
5 Conclusions: RealizationsโLimitations of the Study and Directions for Further Research
References
The Effect of Budgetary Policies on the Economy Activity in Algeria: A Markov Switching Approach
1 Introduction
2 An Empirical Review of the Literature
3 Methodology
3.1 Presentation of the Model
3.2 Strategy of the Empirical Study
3.3 The Data of the Study
3.4 Analysis of Series Stationarity
3.4.1 The Economic Gap and Budget Balance in Algeria
3.4.2 Determination of the Optimal Delay of the VAR
4 Results and Discussion
5 Conclusion
References
Structure of Bond Pension Funds During Decreasing Yield Curves
1 Introduction
2 Literature Review
3 The Aim of the Manuscript
4 Research Methodology
5 Results of Analysis
6 Conclusions
References
Extracting Common Factors from Liquidity Measures with Principal Component Analysis on the Polish Stock Market
1 Introduction
2 Principal Component Analysis: Methodological Background
3 Liquidity Proxies Utilized in the Study
3.1 Liquidity Proxies Derived from High-Frequency Data
3.2 Liquidity Proxies Derived from Low-Frequency Daily Data
4 Data Description and Empirical Results on the WSE
4.1 Descriptive Statistics and Some Properties of Liquidity Proxies Time Series on the WSE
4.2 Common Components of Liquidity on the WSE
4.3 Robustness Analyses
5 Conclusion
A.1 Appendix
References
The Mechanism of Political Budget Cycles in Greece
1 Introduction
2 Methodology and Results
3 Conclusions
References
Examination of Business Interest in Level of Complexity of Facial Biometric Technology Implementation in Slovakia
1 Introduction
2 Theoretical Background on Facial Biometric Technology
3 Methodology of Research
4 Results and Discussion
5 Conclusion
References
Innovation and Sales Growth Among Heterogeneous Albanian Firms: A Quantile Approach
1 Introduction
2 Method and Data
2.1 Data
2.2 Main Variables and Measurement
2.3 Model and Estimation
2.3.1 Correlations and Collinearity Statistics
3 Results
4 Discussion
References
Quantitative Analysis of Inequalities at ICT Sector in VisegradCountries
1 Introduction
2 Theoretical Background
3 Data and Methodology
4 Results
5 Discussion and Conclusion
References
Does Government Spending Cause Investment?: A Panel DataAnalysis
1 Introduction
2 Effects of Government Spending and Literature Review
3 Data Information
4 Panel Causality Analysis
5 Conclusions and Policy Recommendations
A.1 Appendix: List of Countries
References
An Exploratory Study of Fans' Motivation in Albanian Football Championship
1 Introduction
2 Literature Review
3 Methodology
4 Results
5 Conclusions
References
Evaluation of Knowledge in Accounting of Regional Economic University Students
1 Introduction
2 Aim and Methodology
3 Education and Accounting Profession
4 Accounting Knowledge of SBA Students
5 Results and Discussion
6 Conclusion
References
Corporate Governance Disclosure in Slovak Banks
1 Introduction
2 Literature Review
3 Characteristics of the Slovak Banking Sector
4 Methodology
5 Empirical Results and Discussion
5.1 Legislation for Reporting of Information by Banks in Slovakia
5.2 Principles of Corporate Governance for Banks
5.3 Implementation of CG Principles of Banks into Slovak National Legislation
5.4 Reporting of Recommended Information on CG in the Annual Reports of Banks in Slovakia
6 Conclusion
References
Implementation of Critical Reflection Analysis in Teaching and Learning Focused on Developing Critical Thinking Skills
1 Introduction
2 Critical Thinking Skills and Reflection in Education Process
2.1 Concept Building Approach Defining the Purpose of Critical Thinking in Higher Education
2.2 Reflective Approach Towards Development and Improvement of Critical Thinking
3 Research Philosophy and Methodology
3.1 Implementation of the Critical Reflection Analysis
3.1.1 Selection of Variables
3.1.2 Assigning the Weights of Variables
3.1.3 Reflective Assessment and Evaluation of the Variables
3.2 Presentation of Results
4 Conclusion
References
Comparison of Methods of Poverty Rates Measurement
1 Introduction
2 Materials and Methods
3 Results
4 Discussion
5 Conclusion
A.1 Appendix
References
The Role of Strategic Agility and Economic Environment's Friendliness-Hostility in Explaining Success of Polish SMEs
1 Introduction
2 Research Method and Hypotheses
3 Independent Variables: Strategic Agility and Environment FriendlinessโHostility
4 Dependent Variables: Indicators of Firms' Performance
5 Verification of Hypotheses
6 Summary and Conclusion
References
Macroeconomic Determinants of NPLs Using an Extended Sample and Dominance Analysis
1 Introduction: Motivation of the Research
2 Selective Literature Review
3 Data and the Model
4 Methodology
5 Empirical Results
5.1 Panel Estimation Results
5.2 Results for the Impact of the Recent Crisis
5.3 Results from Dominance Analysis
6 Conclusions and Policy Implications
References
Aspects of Financial Accounting and Managerial Accounting Outputs in Connection with the Decision-Making Processes of Accounting Units
1 Introduction
2 Literature Review
3 Data and Methodology
4 Result and Discussion
5 Conclusion
References
Movies Performance: Empirical Evidence from Italy
1 Introduction: An Overview on the Motion Picture
2 Data Description and Methodology
3 Clusters Description
3.1 GBO Analysis Results
3.2 Movies Nationality and Distribution Companies
4 Result and Conclusion
5 Limitations and Future Research
References
Patterns of Knowledge Creation in European Regions: An Analysis by the Phases of the EU-Enlargements
1 Introduction
2 Literature Review
3 Theoretical Framework
3.1 Factorial Analysis
3.2 Regression
4 Empirical Results
5 Discussion and Conclusion
References
Influence of Economic Sanctions: Empirical Evidence for Iran and Russia
1 Introduction
2 Literature Review
3 Data and Methodology
4 Result
5 Conclusion
References
Corporate Governance and Its Association with Audit Opinion: The Case of Greece
1 Introduction
2 Literature Review and Hypotheses
2.1 Systems of Internal Controls
2.2 Corporate Governance
2.2.1 Board Size
2.2.2 Board Composition
2.2.3 Financial Expertise
2.2.4 Duality
2.3 Earnings Management
2.4 The Greek Case and Hypotheses
2.4.1 Hypotheses
3 Sample and Methodology
3.1 Sample
3.2 Methodology
4 Empirical Results
4.1 Descriptive Statistics
4.2 Regression Results
4.2.1 Hypothesis 1
4.2.2 Hypothesis 2
5 Conclusion
A.1 Appendix: Definition of Variables*-20pt
References
CO2 Emissions, Energy Consumption, Economic Growth, Trade, and Urbanization in Greece
1 Introduction
2 Literature Review
3 Data and Methodology
3.1 Data
3.2 Econometric Methodology
4 Empirical Results
4.1 Unit Root Analysis
4.2 Cointegration Analysis
4.3 Granger Causality Analysis Based on VECM
5 Conclusion
References
Does the Time-Driven ABC Method Apply in a ConstructionCompany
1 Introduction
2 Costing and Accounting
2.1 The Cost Definition
3 Methodology
4 Research Analysis
5 Conclusion
References
Economic Crisis Predictors Revisited in Preparation for the COVID-19 Aftermath
1 Introduction: Motivation of the Research
2 Selective Literature Review
3 Links to Previous Research and Contribution to the Literature
4 Data and the Model
5 Empirical Results
5.1 Panel Estimation Results
5.2 Results from Dominance Analysis
6 Further Discussion of Empirical Results
7 Conclusion and Policy Implications
References
Should Market Makers Hedge with Realised or Implied Volatility?
1 Introduction
2 The Difference Between Realised and Implied Volatility
3 Delta-Hedging and Hedging Errors
4 Results
5 Conclusion
References
Stress Testing Option Sensitivities in a Stochastic Market
1 Introduction
2 The Heston Stochastic Volatility Model
3 The Heston Greeks: Delta, Gamma, and Vega
4 Results
4.1 Base Scenario: Normal Market Conditions
4.2 Stressed Scenario: Bear Market Conditions
4.3 Analysis of Results
5 Conclusion
References
Firm Performances and the Onset of Shocks in India
1 Introduction
2 Literature Review
3 Model: Firm Performances Under Macro Shocks
3.1 Onset of Macroeconomic Shock
3.2 Fiscal Stimulus and Reforms
4 Empirical Test
5 Results
6 Conclusion
References
Filter or No Filter? An Instagram View on Modern Visual Culture
1 Introduction
2 Literature Review
3 Methodology
4 Result and Discussion
4.1 Sample Demographics
4.2 Instagram's Influence on User's Esthetics
4.3 Gender and Age Effects on the Use of Instagram Filters
5 Discussion, Conclusion, and Limitations
References
The Neoclassical Approach for Measuring Total Factor Productivity: The Case of the Greek Economy
1 Introduction
2 Literature Review
2.1 A Historical Overview of the Growth Theory
2.2 The Growth Accounting and Divisia Index Framework
2.2.1 Growth Accounting
2.2.2 Divisia Index
2.3 The Empirical International Literature
2.4 The Empirical TFP Findings for Greece
3 Methodology for TFP Measurement and Results
4 Conclusion
References
Consumers' Motives for Visiting Social Media Brand Pages and Social Media Advertisements
1 Introduction
2 Literature Review
2.1 Social Media User Motivations
2.2 Social Media Content
2.3 Social Media Advertising
3 Research Methodology
4 Results
4.1 Factor Analysis: Social Media User Motivations
4.2 Factor Analysis-Social Media Content
4.3 Factor Analysis: Social Media Advertising
5 Conclusion and Discussion
References
Factors Affecting e-Marketing Adoption and Implementation in Food Firms: An Empirical Investigation of Greek Food and Beverage Firms
1 Introduction
2 Literature Review
2.1 e-Marketing and Internal Factors
2.2 e-Marketing and External Factors
2.3 e-Marketing, Electronic Service, and Efficiency of Electronic Services
3 Research Design and Methodology
4 Conclusion
References
An Application of Differential Equations on Anthropogenic Climate Change
1 Introduction
2 Model Description and Result
3 Conclusion
References
Index