The United Nations has issued an urgent call to action to promote collaboration with programs that support sustainable development. This is one of the methods to drive economic growth, and the United Nations’ call to action supports such cooperation. However, no established method exists for measuring individual sustainable initiatives’ impact on the overall economic growth rate. This study aims to evaluate and investigate sustainable decisions’ impact on the company’s economic performance in General. In the context of this research, the phrase “sustainable decisions” refers to any choices made by Entrepreneurs that contribute to the overall development of an organisation on several fronts, including the social, environmental, and economic fronts. The results of this study can be exploited as a method for capturing society’s attention to raise social awareness of the need to invest in sustainable options. Furthermore, they will assist in the design and execution of future research efforts and the development of environmentally friendly technologies with regard to economic development.
{"title":"IDENTIFYING HOW INCREASED ECONOMIC GROWTH MAY BE ATTRIBUTED TO SUSTAINABLE DEVELOPMENT","authors":"Milena Seržantė, Anastasija Mitrofan","doi":"10.3846/bm.2023.1061","DOIUrl":"https://doi.org/10.3846/bm.2023.1061","url":null,"abstract":"The United Nations has issued an urgent call to action to promote collaboration with programs that support sustainable development. This is one of the methods to drive economic growth, and the United Nations’ call to action supports such cooperation. However, no established method exists for measuring individual sustainable initiatives’ impact on the overall economic growth rate. This study aims to evaluate and investigate sustainable decisions’ impact on the company’s economic performance in General. In the context of this research, the phrase “sustainable decisions” refers to any choices made by Entrepreneurs that contribute to the overall development of an organisation on several fronts, including the social, environmental, and economic fronts. The results of this study can be exploited as a method for capturing society’s attention to raise social awareness of the need to invest in sustainable options. Furthermore, they will assist in the design and execution of future research efforts and the development of environmentally friendly technologies with regard to economic development.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130097317","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 this article, we discuss the central banks’ attitude to cryptocurrencies and focus more on European Central Bank. First, based on the analysis of scientific literature, we show that cryptocurrency is money and performs all of the functions of money, such as the exchange medium, value storage, and accounts unit. We found a positive correlation between the level of economic development of a country and the level of regulation and the integration of crypto cryptocurrencies into the economic system. We discuss not only the approach of the ECB to cryptocurrencies, but also how it developed. According to the study data, the ECB only began to respond to cryptocurrency as an equivalent monetary instrument in 2021, established regulatory mechanisms, and developed the digital euro project.
{"title":"THE EVOLUTION OF THE CENTRAL BANK’S POLICY ON CRYPTOCURRENCIES","authors":"Tomas Pečiulis, Asta Vasiliauskaitė","doi":"10.3846/bm.2023.1050","DOIUrl":"https://doi.org/10.3846/bm.2023.1050","url":null,"abstract":"In this article, we discuss the central banks’ attitude to cryptocurrencies and focus more on European Central Bank. First, based on the analysis of scientific literature, we show that cryptocurrency is money and performs all of the functions of money, such as the exchange medium, value storage, and accounts unit. We found a positive correlation between the level of economic development of a country and the level of regulation and the integration of crypto cryptocurrencies into the economic system. We discuss not only the approach of the ECB to cryptocurrencies, but also how it developed. According to the study data, the ECB only began to respond to cryptocurrency as an equivalent monetary instrument in 2021, established regulatory mechanisms, and developed the digital euro project.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122951199","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}
The FDI from the Nordic countries dominate in the Baltic Countries. The Nordic companies invest in various business sectors including the industry and high-tech. Nordic countries are one of the leaders in innovation, patent, industry design and trademark registration. Internalization theories state that host countries benefit from the foreign capital due to “know-how”. The technology and knowledge transfer from the foreign capital companies are defined as even driving force for the economic growth. Thus, the aim of the article is to determine the impact of FDI from the Nordic countries on stimulation of innovations in the Baltic Countries and the interlinkages with the economic growth. The article applies, descriptive statistics and correlation-regression modelling. The findings of the research full fills the gaps in internalization and knowledge transfer theories.
{"title":"THE IMPACT OF NORDIC FOREIGN DIRECT INVESTMENT ON INNOVATION AND KNOWLEDGE TRANSFER IN THE BALTIC COUNTRIES","authors":"Agnė Šimelytė, M. Tvaronavičienė","doi":"10.3846/bm.2023.1128","DOIUrl":"https://doi.org/10.3846/bm.2023.1128","url":null,"abstract":"The FDI from the Nordic countries dominate in the Baltic Countries. The Nordic companies invest in various business sectors including the industry and high-tech. Nordic countries are one of the leaders in innovation, patent, industry design and trademark registration. Internalization theories state that host countries benefit from the foreign capital due to “know-how”. The technology and knowledge transfer from the foreign capital companies are defined as even driving force for the economic growth. Thus, the aim of the article is to determine the impact of FDI from the Nordic countries on stimulation of innovations in the Baltic Countries and the interlinkages with the economic growth. The article applies, descriptive statistics and correlation-regression modelling. The findings of the research full fills the gaps in internalization and knowledge transfer theories.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122989177","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}
Particularly among middle-income individuals, digitization and automation provoke recurring anxieties of a significant loss of employment. This worry has revived on the European continent in recent years due to the increased use of computer technology and robotics in production. This study aims to determine the extent to which technological advancement and automation are reflected in the employment patterns of Central European nations through a comprehensive literature review and a regression analysis of Eurostat data. Incomplete information and a limited sample size are inherent challenges of this study. The conclusions of the study illustrate the significance and urgency of digital future investment.
{"title":"INDICATIONS OF ADVANCED SOCIAL AND ECONOMIC GROWTH IN V4 CORPORATE PERFORMANCE FRAMEWORKS","authors":"Marek Nagy, K. Valaskova","doi":"10.3846/bm.2023.976","DOIUrl":"https://doi.org/10.3846/bm.2023.976","url":null,"abstract":"Particularly among middle-income individuals, digitization and automation provoke recurring anxieties of a significant loss of employment. This worry has revived on the European continent in recent years due to the increased use of computer technology and robotics in production. This study aims to determine the extent to which technological advancement and automation are reflected in the employment patterns of Central European nations through a comprehensive literature review and a regression analysis of Eurostat data. Incomplete information and a limited sample size are inherent challenges of this study. The conclusions of the study illustrate the significance and urgency of digital future investment.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133866015","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}
Santautė Venslavienė, Jelena Stankevičienė, Ingrida Leščauskienė
Recently, crowdfunding platforms have become more attractive because of their advantages comparing to traditional funding sources. Nevertheless, the further potential of crowdfunding platforms development remains unclear due to worries related to reliability, transparency and trustworthiness as well as limitations attracting investments. Employing an online survey approach and questioning the targeted experts, the most important criteria for blockchain technology implementation into crowdfunding platforms were discussed. A VAS (visual analogue scale) matrix for criteria weighting (VASMA weighting) methodology was chosen to find out the main factors that affect crowdfunding platforms the most when implementing blockchain technology. The main findings reveal that Cybersecurity risks, no specific laws to respect all terms of funding and Complex cryptocurrency regulations are the most important for the crowdfunding platforms employees. Accordingly, this study identifies both benefits through blockchain technology and barriers of the application of blockchain technology in terms of legal requirements and development costs.
{"title":"IMPACT OF BLOCKCHAIN TECHNOLOGY ON THE OPERATIONAL EFFICIENCY OF CROWDFUNDING PLATFORMS","authors":"Santautė Venslavienė, Jelena Stankevičienė, Ingrida Leščauskienė","doi":"10.3846/bm.2023.952","DOIUrl":"https://doi.org/10.3846/bm.2023.952","url":null,"abstract":"Recently, crowdfunding platforms have become more attractive because of their advantages comparing to traditional funding sources. Nevertheless, the further potential of crowdfunding platforms development remains unclear due to worries related to reliability, transparency and trustworthiness as well as limitations attracting investments. Employing an online survey approach and questioning the targeted experts, the most important criteria for blockchain technology implementation into crowdfunding platforms were discussed. A VAS (visual analogue scale) matrix for criteria weighting (VASMA weighting) methodology was chosen to find out the main factors that affect crowdfunding platforms the most when implementing blockchain technology. The main findings reveal that Cybersecurity risks, no specific laws to respect all terms of funding and Complex cryptocurrency regulations are the most important for the crowdfunding platforms employees. Accordingly, this study identifies both benefits through blockchain technology and barriers of the application of blockchain technology in terms of legal requirements and development costs.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117144734","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}
Pulkeria Pascoe, M. D. de Barcellos, H. De Steur, J. Schouteten, H. Tundui, X. Gellynck
This cross-sectional study employs resource-based view and resource dependence theories to examine the determinants of access to external finance at firm-level and the effect of access to external finance on performance of 328 agri-food firms. Applying binary logistic regression, results indicate that firm age, ownership, sources of financing, and firm location were significant predictors of access to external finance. The effect of access to external finance on firm performance analyzed using linear regression was positive and significant. Therefore, firm-specific characteristics are crucial in the decision to access external finance. Access is easier for older firms in small cities that rely on informal sources of financing. Family firms are more vulnerable to external finance than non-family firms. Furthermore, access to external financing is associated with better firm performance. The findings of this study are useful for managers making financing decisions and for stakeholders involved in micro and small enterprises financing.
{"title":"FIRM-LEVEL DETERMINANTS OF ACCESS TO EXTERNAL FINANCE AND IMPACT OF EXTERNAL FINANCE ON FIRM PERFORMANCE","authors":"Pulkeria Pascoe, M. D. de Barcellos, H. De Steur, J. Schouteten, H. Tundui, X. Gellynck","doi":"10.3846/bm.2023.1083","DOIUrl":"https://doi.org/10.3846/bm.2023.1083","url":null,"abstract":"This cross-sectional study employs resource-based view and resource dependence theories to examine the determinants of access to external finance at firm-level and the effect of access to external finance on performance of 328 agri-food firms. Applying binary logistic regression, results indicate that firm age, ownership, sources of financing, and firm location were significant predictors of access to external finance. The effect of access to external finance on firm performance analyzed using linear regression was positive and significant. Therefore, firm-specific characteristics are crucial in the decision to access external finance. Access is easier for older firms in small cities that rely on informal sources of financing. Family firms are more vulnerable to external finance than non-family firms. Furthermore, access to external financing is associated with better firm performance. The findings of this study are useful for managers making financing decisions and for stakeholders involved in micro and small enterprises financing.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131506829","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}
Maria Shabir, Giuseppe Basile, P. Pazienza, Caterina De Lucia
In accordance with UN sustainable development policies, this study examines the impact of energy democracy, energy equality, exports, globalization, financial development, and natural resources on economic growth patterns of high-income countries from 1997 to 2020. The study finds evidence of a long-run relationship among variables. Empirical estimations from FMOLS and DOLS models reveal that energy democracy, exports, globalization, and financial resources enhance economic progress, while natural resource consumption provides an opposite effect. This study suggests that high-income countries should promote community-based renewable energy projects and energy-efficient practices as well as implementing an adequate harmonisation of energy democracy policies and processes.
{"title":"DOES ENERGY DEMOCRACY AFFECT ECONOMIC GROWTH? EARLY EVIDENCE FROM HIGH INCOME COUNTRIES DURING 1997–2020","authors":"Maria Shabir, Giuseppe Basile, P. Pazienza, Caterina De Lucia","doi":"10.3846/bm.2023.1070","DOIUrl":"https://doi.org/10.3846/bm.2023.1070","url":null,"abstract":"In accordance with UN sustainable development policies, this study examines the impact of energy democracy, energy equality, exports, globalization, financial development, and natural resources on economic growth patterns of high-income countries from 1997 to 2020. The study finds evidence of a long-run relationship among variables. Empirical estimations from FMOLS and DOLS models reveal that energy democracy, exports, globalization, and financial resources enhance economic progress, while natural resource consumption provides an opposite effect. This study suggests that high-income countries should promote community-based renewable energy projects and energy-efficient practices as well as implementing an adequate harmonisation of energy democracy policies and processes.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122478717","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}
The main aim of our paper is to confirm or deny, that Slovak consumers preference of car drives is based on their income and professional occupation. While similar researches were conducted before, none of them were focused on the particular problem of Slovak consumers choosing between different car drives. Our study will therefore bring clear results into this matter. The study group consisted of 356 respondents and was conducted between October of 2022 and January of 2023. The data obtained were analyzed in detail through Chi-square test and Fisher’s exact test. Results of our paper show that people with lower income opted more towards conventional car drives, while people with higher income lean towards electric car drives. In terms of professional occupation, entrepreneurs choose electric car drives while students prefer conventional.
{"title":"CONSUMERS PREFERRED CAR DRIVE BASED ON THEIR INCOME AND PROFESSIONAL OCCUPATION WITH REFLECTION TO ELECTRIC VEHICLES","authors":"Michal Jankovič, Henrich Juhás","doi":"10.3846/bm.2023.1023","DOIUrl":"https://doi.org/10.3846/bm.2023.1023","url":null,"abstract":"The main aim of our paper is to confirm or deny, that Slovak consumers preference of car drives is based on their income and professional occupation. While similar researches were conducted before, none of them were focused on the particular problem of Slovak consumers choosing between different car drives. Our study will therefore bring clear results into this matter. The study group consisted of 356 respondents and was conducted between October of 2022 and January of 2023. The data obtained were analyzed in detail through Chi-square test and Fisher’s exact test. Results of our paper show that people with lower income opted more towards conventional car drives, while people with higher income lean towards electric car drives. In terms of professional occupation, entrepreneurs choose electric car drives while students prefer conventional.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120867536","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}
There is significant discussion in the academia and industry regarding over-regulation and under-regulation of the financial markets, in particular, banking markets. One of the key measures in such discussion is the intensity of the regulation. The aim of this paper is to contribute to the discussion with development of the overall Regulation Index by introducing the structure and parameters of such index. Authors review current approaches and perspectives of the assessment of the intensity of regulation and develop new Regulation Index. Index data are used from the World Bank’s prepared Bank Regulation and Supervision Survey and the Index of Economic Freedom database. Research methods employed are literature analysis, induction and deduction methods, synthesis, and mathematical analysis. Literature analysis revealed seven key components (building blocks) for the Regulation Index and modelling results revealed the most appropriate set of parameters for those components. Authors set the hypothesis that the order of countries in their stringency of regulatory requirements will be as follows: Germany, UK, USA, Russia. The hypothesis was confirmed in one case and rejected in other cases.
{"title":"DEVELOPMENT OF THE REGULATION INDEX IN THE BANKING MARKET","authors":"K. Freimanis, Maija Šenfelde","doi":"10.3846/bm.2023.1078","DOIUrl":"https://doi.org/10.3846/bm.2023.1078","url":null,"abstract":"There is significant discussion in the academia and industry regarding over-regulation and under-regulation of the financial markets, in particular, banking markets. One of the key measures in such discussion is the intensity of the regulation. The aim of this paper is to contribute to the discussion with development of the overall Regulation Index by introducing the structure and parameters of such index. Authors review current approaches and perspectives of the assessment of the intensity of regulation and develop new Regulation Index. Index data are used from the World Bank’s prepared Bank Regulation and Supervision Survey and the Index of Economic Freedom database. Research methods employed are literature analysis, induction and deduction methods, synthesis, and mathematical analysis. Literature analysis revealed seven key components (building blocks) for the Regulation Index and modelling results revealed the most appropriate set of parameters for those components. Authors set the hypothesis that the order of countries in their stringency of regulatory requirements will be as follows: Germany, UK, USA, Russia. The hypothesis was confirmed in one case and rejected in other cases.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132734522","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}
Amparo Baviera-Puig, Tomás Baviera, Carmen Escribá-Pérez, Juan Buitrago-Vera
Recently, researchers have developed an interest in the analysis of emotional responses to food. For this reason, the use of implicit (non-verbal) measures to assess consumer response is increasing. In this research, the objective is to find out if there were differences in consumer response (conscious and unconscious) to melon of various origins: Spain, Morocco and Brazil. To do this, we used the biometric measures (Electroencephalography (EEG) and Skin Conductance Response (SCR)) and questionnaires to assess various melon attributes. The results reveal that consumers do not respond differently to fruit from different origins, either consciously or unconsciously.
{"title":"EFFECT OF FRUIT ORIGIN ON CONSUMERS’ CONSCIOUS AND UNCONSCIOUS ASSESSMENT OF QUALITY AND PURCHASE INTENTION","authors":"Amparo Baviera-Puig, Tomás Baviera, Carmen Escribá-Pérez, Juan Buitrago-Vera","doi":"10.3846/bm.2023.1051","DOIUrl":"https://doi.org/10.3846/bm.2023.1051","url":null,"abstract":"Recently, researchers have developed an interest in the analysis of emotional responses to food. For this reason, the use of implicit (non-verbal) measures to assess consumer response is increasing. In this research, the objective is to find out if there were differences in consumer response (conscious and unconscious) to melon of various origins: Spain, Morocco and Brazil. To do this, we used the biometric measures (Electroencephalography (EEG) and Skin Conductance Response (SCR)) and questionnaires to assess various melon attributes. The results reveal that consumers do not respond differently to fruit from different origins, either consciously or unconsciously.","PeriodicalId":346157,"journal":{"name":"International Scientific Conference „Business and Management“","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126584607","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：