In this paper we investigate whether the banks which fall under direct supervision by the European Central Bank (ECB) are more likely to be considered more stable and trustworthy by the depositors due to the stricter supervisory activities performed since the implementation of the Single Supervisory Mechanism (SSM). Under the SSM, significant banks switched from national supervisors to ECB, whereas the remaining banks remained under national supervisory authorities (NSAs). Using the difference-in-difference (DID) method, we have found evidence of increased depositors’ trust in significant banks after the SSM implementation. Additionally, in anticipation of the SSM launch and the comprehensive assessment, we have found evidence of increased depositors’ trust in the banks which were expected to be supervised by the ECB.
{"title":"Implementing the Single Supervisory Mechanism in the Euro Area: Effects on Deposit Structure of Banks","authors":"E. Popovska, Marko Košak","doi":"10.15458/2335-4216.1337","DOIUrl":"https://doi.org/10.15458/2335-4216.1337","url":null,"abstract":"In this paper we investigate whether the banks which fall under direct supervision by the European Central Bank (ECB) are more likely to be considered more stable and trustworthy by the depositors due to the stricter supervisory activities performed since the implementation of the Single Supervisory Mechanism (SSM). Under the SSM, significant banks switched from national supervisors to ECB, whereas the remaining banks remained under national supervisory authorities (NSAs). Using the difference-in-difference (DID) method, we have found evidence of increased depositors’ trust in significant banks after the SSM implementation. Additionally, in anticipation of the SSM launch and the comprehensive assessment, we have found evidence of increased depositors’ trust in the banks which were expected to be supervised by the ECB.","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"1 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141385089","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Anže Burger, A. Jaklič, Klemen Knez, Patricia Kotnik, Matija Rojec
{"title":"Firm-Level, Macroeconomic, and Institutional Determinants of Firm Growth: Evidence From Europe","authors":"Anže Burger, A. Jaklič, Klemen Knez, Patricia Kotnik, Matija Rojec","doi":"10.15458/2335-4216.1336","DOIUrl":"https://doi.org/10.15458/2335-4216.1336","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"40 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141383279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the current market scenario, it has been observed that biases are among the most significant factors influencing investment decisions. Among these biases, overconfidence is a common phenomenon managers tend to exhibit while making decisions. To understand the role of overconfidence bias in investment decision making, this study thoroughly scrutinizes and consolidates the current research on overconfidence bias. To achieve the objective, this study performs a systematic review of literature utilizing the PRISMA approach and examines 92 journal articles published in the last 20 years. Resultssuggestthattheother twobiases—hindsightandconfirmation—arerelated tooverconfidencebias. Inaddi-tion, the review suggests that biases result in three major outcomes. The first, positive, aspect pertains to the promotion of mental well-being and significant allocation to research and development investments. Conversely, the second, negative, aspect involves the manipulation of operating cash flow, which tends to diminish the value of shareholders. Third, there is a preference for internal financing over external financing options. Furthermore, the research also suggests factors that may overcome the influence of the overconfidence bias. This study demonstrates its originality through thematic analysis, which effectively examines multiple dimensions of biases. Moreover, incorporating these research findings can enhance managerial decision-making processes, promote more objective assessments, and ultimately improve the overall quality of investment choices.
{"title":"A Systematic Literature Review on Overconfidence and Related Biases Influencing Investment Decision Making","authors":"Uttam Karki, Vaneet Bhatia, Dheeraj Sharma","doi":"10.15458/2335-4216.1338","DOIUrl":"https://doi.org/10.15458/2335-4216.1338","url":null,"abstract":"In the current market scenario, it has been observed that biases are among the most significant factors influencing investment decisions. Among these biases, overconfidence is a common phenomenon managers tend to exhibit while making decisions. To understand the role of overconfidence bias in investment decision making, this study thoroughly scrutinizes and consolidates the current research on overconfidence bias. To achieve the objective, this study performs a systematic review of literature utilizing the PRISMA approach and examines 92 journal articles published in the last 20 years. Resultssuggestthattheother twobiases—hindsightandconfirmation—arerelated tooverconfidencebias. Inaddi-tion, the review suggests that biases result in three major outcomes. The first, positive, aspect pertains to the promotion of mental well-being and significant allocation to research and development investments. Conversely, the second, negative, aspect involves the manipulation of operating cash flow, which tends to diminish the value of shareholders. Third, there is a preference for internal financing over external financing options. Furthermore, the research also suggests factors that may overcome the influence of the overconfidence bias. This study demonstrates its originality through thematic analysis, which effectively examines multiple dimensions of biases. Moreover, incorporating these research findings can enhance managerial decision-making processes, promote more objective assessments, and ultimately improve the overall quality of investment choices.","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"17 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141385032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Deon H. Engelke, Noel J. Pearse, Fabio M. Correa, Frederick O. Skae
{"title":"The Relationship between Culture, Sustainable Use of Resources, and Financial Performance: An Institutional and Natural-Resource-Based Perspective","authors":"Deon H. Engelke, Noel J. Pearse, Fabio M. Correa, Frederick O. Skae","doi":"10.15458/2335-4216.1335","DOIUrl":"https://doi.org/10.15458/2335-4216.1335","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"34 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141382046","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Creativity in Information Systems Research: A Systematic Literature Review","authors":"Mojca Simonovic, Ales Popovic, Matej Cerne","doi":"10.15458/2335-4216.1331","DOIUrl":"https://doi.org/10.15458/2335-4216.1331","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"130 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140078946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Gender and Age Wage–Productivity Gaps in Intangible and Non-Intangible Work Occupations","authors":"Tanja Istenič, Tjaša Redek, Daša Farčnik","doi":"10.15458/2335-4216.1332","DOIUrl":"https://doi.org/10.15458/2335-4216.1332","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"2 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140265045","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Revisiting the Nexus Between Job Insecurity and Employee Task Performance: Examining the Influence of Self-Efficacy and Emotional Intelligence in a Mediation–Moderation Model","authors":"A. Adekiya, U. Usman","doi":"10.15458/2335-4216.1333","DOIUrl":"https://doi.org/10.15458/2335-4216.1333","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"131 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140078856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Barbara Grah, Vlado Dimovski, Marko Perić, Simon Colnar, Sandra Penger
{"title":"Transformational Leadership and Work Engagement: The Moderating Role of Intrinsic Motivation","authors":"Barbara Grah, Vlado Dimovski, Marko Perić, Simon Colnar, Sandra Penger","doi":"10.15458/2335-4216.1334","DOIUrl":"https://doi.org/10.15458/2335-4216.1334","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"122 38","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140079057","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Corrigendum to “Logistics Outsourcing in Large Manufacturing Companies: The Case of Slovenia and Lessons from Other Countries”","authors":"Marko Budler, Teja Vilfan, Marko Jakšič","doi":"10.15458/2335-4216.1330","DOIUrl":"https://doi.org/10.15458/2335-4216.1330","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"14 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138603123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"SMEs “Growing Smart”: The Complementarity of Intangible and Digital Investment in Small Firms and Their Contribution to Firm Performance","authors":"Eva Erjavec, Tjaša Redek, Črt Kostevc","doi":"10.15458/2335-4216.1328","DOIUrl":"https://doi.org/10.15458/2335-4216.1328","url":null,"abstract":"","PeriodicalId":30292,"journal":{"name":"Economic and Business Review","volume":"64 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138605076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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