This study presents a conceptual framework approach that can provide useful information about the political strategy via the rational decision-making process, as well as create an efficient tool for political marketing campaigns. Game theory combines the models of conflict and cooperation for people whose decision-making is considered rational. How can this be implemented in voting behavior, influencing a wide range of issues, relations and behaviors? We consider the political competition as a strategic game, where we have to identify the opposing players, the purpose of the game and its rules. Game theory helps us understand the decision-making process towards strategic issues during political competition. The modeling of the voting behavior can explain the way people form theirs in the challenging environment of the political competition. In the present study we will investigate the way game theory can be involved in American elections, trying at the same time to depict behaviors and political marketing strategies. Using the game theory and the political marketing approach, our study examines the different strategies that politicians used during the last American election of 2016, explaining how their strategy influences the result of the elections. We focus mostly on financial, social and environmental issues, but also on issues about security, immigration and international relations. We measure the intensity of the candidates’ focus on these issues and we present two game theory matrixes as examples base on this innovative concept. EL Classifications: G34, G14, M41. Key words: game theory, political marketing, strategy, decision making
{"title":"The use of the Game Theory Context in the strategic political marketing design. The case of the USA elections.","authors":"Evangelia N. Markaki, T. Chadjipadelis","doi":"10.12681/icbe-hou.5352","DOIUrl":"https://doi.org/10.12681/icbe-hou.5352","url":null,"abstract":"This study presents a conceptual framework approach that can provide useful information about the political strategy via the rational decision-making process, as well as create an efficient tool for political marketing campaigns. Game theory combines the models of conflict and cooperation for people whose decision-making is considered rational. How can this be implemented in voting behavior, influencing a wide range of issues, relations and behaviors? We consider the political competition as a strategic game, where we have to identify the opposing players, the purpose of the game and its rules. Game theory helps us understand the decision-making process towards strategic issues during political competition. The modeling of the voting behavior can explain the way people form theirs in the challenging environment of the political competition. In the present study we will investigate the way game theory can be involved in American elections, trying at the same time to depict behaviors and political marketing strategies. Using the game theory and the political marketing approach, our study examines the different strategies that politicians used during the last American election of 2016, explaining how their strategy influences the result of the elections. We focus mostly on financial, social and environmental issues, but also on issues about security, immigration and international relations. We measure the intensity of the candidates’ focus on these issues and we present two game theory matrixes as examples base on this innovative concept. \u0000 \u0000EL Classifications: G34, G14, M41. \u0000Key words: game theory, political marketing, strategy, decision making \u0000 \u0000 ","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129334624","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 key components of fiscal policy for a fair and effective tax framework are the implementation of tax reform through a mixture of immediate measures to increase revenue. The Greek income tax system underwent important structural reforms. There was an urgent need to immediately increase the state budget revenues and in the framework of the rescue program of the Greek economy there was a series of legislative interventions. Measures were taken in 2012 to curb the downward trend in revenues, such as expansion of the tax base, reduction of tax exemptions, reduction of taxable income resulting from the restraint of public expenditure due to the adjustment of special payroll. Low levels of growth tend to be one of the main reasons for preventing the collection of personal income taxes. There is a negative correlation between the percentage of tax revenues from personal income taxes and economic growth. From 2020 major tax changes have been implemented with relief for employees, retirees, families with children, property owners. This study indicates that prerequisites for a successful tax reform include a holistic approach to the tax system, the evaluation and measurement of concrete reform proposals, as well as the possibility of achieving the objectives and choosing the appropriate timeframe for the adoption of the tax reform in connection with the economic crisis. Also, it provides the financial impact of measures for the taxation undertaken of personal income from 2009 to 2020. Keywords: Implementation of tax reform, personal income tax, expansion of the tax base, income redistribution JEL Classifications: H20, H21, H24, H29
{"title":"Overview of tax measures for personal income tax of the period 2009-2020","authors":"Efstathia Koutroubi","doi":"10.12681/icbe-hou.5350","DOIUrl":"https://doi.org/10.12681/icbe-hou.5350","url":null,"abstract":"The key components of fiscal policy for a fair and effective tax framework are the implementation of tax reform through a mixture of immediate measures to increase revenue. The Greek income tax system underwent important structural reforms. There was an urgent need to immediately increase the state budget revenues and in the framework of the rescue program of the Greek economy there was a series of legislative interventions. Measures were taken in 2012 to curb the downward trend in revenues, such as expansion of the tax base, reduction of tax exemptions, reduction of taxable income resulting from the restraint of public expenditure due to the adjustment of special payroll. Low levels of growth tend to be one of the main reasons for preventing the collection of personal income taxes. There is a negative correlation between the percentage of tax revenues from personal income taxes and economic growth. \u0000From 2020 major tax changes have been implemented with relief for employees, retirees, families with children, property owners. \u0000This study indicates that prerequisites for a successful tax reform include a holistic approach to the tax system, the evaluation and measurement of concrete reform proposals, as well as the possibility of achieving the objectives and choosing the appropriate timeframe for the adoption of the tax reform in connection with the economic crisis. Also, it provides the financial impact of measures for the taxation undertaken of personal income from 2009 to 2020. \u0000 \u0000Keywords: Implementation of tax reform, personal income tax, expansion of the tax base, income redistribution \u0000 \u0000JEL Classifications: H20, H21, H24, H29 \u0000 ","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114685741","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}
This paper attempts to shed light on the economic and social effects of the economic crisis among Member States of the Eurozone in the period 2008-2014 emphasizing the imperative revision of the framework of the Stability and Growth Pact. Particular emphasis is given to the growing Macroeconomic and Social imbalances between Euro (€) North and Euro (€) South, which had posed a threat to the economic viability and social cohesion in the Eurozone. JEL Classification: D63, E02, E60, E62, H30 Key words: Eurozone crisis, Economic Inequality, Macroeconomic Imbalances, Social Imbalances, Stability and Growth Pact
{"title":"The Macroeconomic and Social imbalances in the Eurozone in the period of Economic Crisis (2008 - 2014)","authors":"Asimakis Tamourantzis","doi":"10.12681/icbe-hou.5356","DOIUrl":"https://doi.org/10.12681/icbe-hou.5356","url":null,"abstract":"This paper attempts to shed light on the economic and social effects of the economic crisis among Member States of the Eurozone in the period 2008-2014 emphasizing the imperative revision of the framework of the Stability and Growth Pact. Particular emphasis is given to the growing Macroeconomic and Social imbalances between Euro (€) North and Euro (€) South, which had posed a threat to the economic viability and social cohesion in the Eurozone. \u0000 \u0000JEL Classification: D63, E02, E60, E62, H30 \u0000Key words: Eurozone crisis, Economic Inequality, Macroeconomic Imbalances, Social Imbalances, Stability and Growth Pact \u0000 ","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117148074","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 aim of the present paper is to examine the implementation of the General Accounting Framework of the General Government as a means of reforming the Financial Sector, in relation to all the labyrinthine reforms, which could possibly have taken place before its imposition by the European Union. The implementation of IPSAS is a very important element for global development and prosperity, through the convergence and harmonization of public accounting monitoring systems in different countries and organizations. With the implementation of abroad Accounting Framework of the General Government as a means of reforming the Financial Sector will result in the statements of public sector entities being presented fairly in all respects, with transparency to position and performance of each individual entity and of the government in general and therefore the general public will be aware of the evolution of the government's financial performance. In accordance Government officials will be able to make appropriate decisions if they have timely, complete and reliable information on the actual financial position and financial performance of each public sector entity. JEL classifications codes:Η83,P41, M48
{"title":"Implementation of a broad Accounting Framework of the General Government as a means of reforming the Financial Sector","authors":"Aimilia Zoumi","doi":"10.12681/icbe-hou.5361","DOIUrl":"https://doi.org/10.12681/icbe-hou.5361","url":null,"abstract":"The aim of the present paper is to examine the implementation of the General Accounting Framework of the General Government as a means of reforming the Financial Sector, in relation to all the labyrinthine reforms, which could possibly have taken place before its imposition by the European Union. The implementation of IPSAS is a very important element for global development and prosperity, through the convergence and harmonization of public accounting monitoring systems in different countries and organizations. With the implementation of abroad Accounting Framework of the General Government as a means of reforming the Financial Sector will result in the statements of public sector entities being presented fairly in all respects, with transparency to position and performance of each individual entity and of the government in general and therefore the general public will be aware of the evolution of the government's financial performance. In accordance Government officials will be able to make appropriate decisions if they have timely, complete and reliable information on the actual financial position and financial performance of each public sector entity. \u0000 \u0000JEL classifications codes:Η83,P41, M48 \u0000 \u0000 ","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128616590","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}
D. Mitskinis, George Drogalas, Michail Nerantzidis, A. Karagiorgos
The paper aims to review studies dealing with audit report lag or audit delay and the Audit Committee in accounting literature over the period of 2006-2022. Research on factors related among audit report lag and audit committee has become more widespread in recent years and there was a considerable upsurge in these papers. This study combines electronic and manual searches to identify relevant studies. The search was performed using keywords such as “audit committee” and “audit report lag” or "audit delay" or "audit lag" and in total, 35 published studies were identified. The findings show that the majority of research studies the relevance of audit report lag / audit delay to the effectiveness of the Audit Committee which represented by its key characteristics (size, independence, member financial expertise, frequency of meetings, presence of women). The future shows that researchers are turning to additional characteristics of Audit Committee members to check whether they relate to audit report lag. Finally, we stand for the future of research with suggestions for new researches. Keywords: Audit Delay, Literature Review, Corporate Governance JEL: M42, G34
{"title":"Audit Committee and Audit Report Lag: A Literature Review","authors":"D. Mitskinis, George Drogalas, Michail Nerantzidis, A. Karagiorgos","doi":"10.12681/icbe-hou.5353","DOIUrl":"https://doi.org/10.12681/icbe-hou.5353","url":null,"abstract":"The paper aims to review studies dealing with audit report lag or audit delay and the Audit Committee in accounting literature over the period of 2006-2022. Research on factors related among audit report lag and audit committee has become more widespread in recent years and there was a considerable upsurge in these papers. This study combines electronic and manual searches to identify relevant studies. The search was performed using keywords such as “audit committee” and “audit report lag” or \"audit delay\" or \"audit lag\" and in total, 35 published studies were identified. The findings show that the majority of research studies the relevance of audit report lag / audit delay to the effectiveness of the Audit Committee which represented by its key characteristics (size, independence, member financial expertise, frequency of meetings, presence of women). The future shows that researchers are turning to additional characteristics of Audit Committee members to check whether they relate to audit report lag. Finally, we stand for the future of research with suggestions for new researches. \u0000 \u0000Keywords: Audit Delay, Literature Review, Corporate Governance \u0000JEL: M42, G34 \u0000 ","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130176350","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}
This Conference Proceedings’ volume includes 15 articles selected among 75 papers submitted to the Eighth ICBE - HOU, which was successfully held on June 17-18, 2022. We followed a double-blind peer review process for the submitted papers, in which reviewers were either members of the Scientific Committee or external ones. With this second volume, the Conference maintains its commitment to encourage and promote high-quality works in the field of Business Administration by providing Open Access publishing.
{"title":"Preface Proceedings ICBE-HOU 2022","authors":"A. Dimitras, George D. Peppas, Aimilia Vilou","doi":"10.12681/icbe-hou.5530","DOIUrl":"https://doi.org/10.12681/icbe-hou.5530","url":null,"abstract":"This Conference Proceedings’ volume includes 15 articles selected among 75 papers submitted to the Eighth ICBE - HOU, which was successfully held on June 17-18, 2022. We followed a double-blind peer review process for the submitted papers, in which reviewers were either members of the Scientific Committee or external ones. With this second volume, the Conference maintains its commitment to encourage and promote high-quality works in the field of Business Administration by providing Open Access publishing.","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117045916","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}
This research aims to analyze the political marketing strategy used in Greek regional elections of 2019 by candidate mayors, in the case of the region of Attica. Using advance methods of multivariate analysis such as Cluster analysis, Multiple Correspondence analysis and Principal component analysis we search for the strategy patterns used in terms of selecting promotion tools, prioritizing issues on the political agenda, and focusing on the candidate or the party. The analysis investigates the profiles of the candidates with reference to the above political marketing strategies and the connection to their political characteristics. Furthermore, the detected profiles and strategies are analyzed regarding their effect on the probability to be elected. (250 words max) EL Classifications: C38, D72, M31. Key words: Political Marketing; Political Analysis; Quantitative Methods; Municipal Elections; Political Campaigns
{"title":"The Effect of Marketing Promotion Strategy in Political Campaigns: A case Study for the Region of Attica.","authors":"G. Panagiotidou, T. Chadjipadelis","doi":"10.12681/icbe-hou.5317","DOIUrl":"https://doi.org/10.12681/icbe-hou.5317","url":null,"abstract":"This research aims to analyze the political marketing strategy used in Greek regional elections of 2019 by candidate mayors, in the case of the region of Attica. Using advance methods of multivariate analysis such as Cluster analysis, Multiple Correspondence analysis and Principal component analysis we search for the strategy patterns used in terms of selecting promotion tools, prioritizing issues on the political agenda, and focusing on the candidate or the party. The analysis investigates the profiles of the candidates with reference to the above political marketing strategies and the connection to their political characteristics. Furthermore, the detected profiles and strategies are analyzed regarding their effect on the probability to be elected. (250 words max) \u0000 \u0000EL Classifications: C38, D72, M31. \u0000Key words: Political Marketing; Political Analysis; Quantitative Methods; Municipal Elections; Political Campaigns","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127820493","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}
Stylianos Floropoulos, Maria Tsipouridou, Charalambos Spathis
Corporations use two different sets of financial statements which have mirror-image goals, firms want to maximize book income reported to investors, while minimizing the taxable income reported to the tax authorities. The dual nature of corporate profit reporting may be creating a lose-lose situation, less meaningful profit numbers for capital markets and lowered corporate tax revenue for the government. Defenders of the book-tax divide argue that a unified system cannot accommodate these differing objectives, while supporters of the book-tax conformity claim that a tax-based book income can restore the integrity of the financial accounting system. The study reviews the arguments of high vs. low book-tax conformity. It also reviews prior research that examines the association between book-tax conformity and earnings management. JEL Classification: H2, M4, M40, M41 Key words: book-tax conformity, earnings management, book income, tax income, tax incentives
{"title":"Book-tax conformity and earnings management: recent research","authors":"Stylianos Floropoulos, Maria Tsipouridou, Charalambos Spathis","doi":"10.12681/icbe-hou.5303","DOIUrl":"https://doi.org/10.12681/icbe-hou.5303","url":null,"abstract":"Corporations use two different sets of financial statements which have mirror-image goals, firms want to maximize book income reported to investors, while minimizing the taxable income reported to the tax authorities. The dual nature of corporate profit reporting may be creating a lose-lose situation, less meaningful profit numbers for capital markets and lowered corporate tax revenue for the government. Defenders of the book-tax divide argue that a unified system cannot accommodate these differing objectives, while supporters of the book-tax conformity claim that a tax-based book income can restore the integrity of the financial accounting system. The study reviews the arguments of high vs. low book-tax conformity. It also reviews prior research that examines the association between book-tax conformity and earnings management. \u0000 \u0000JEL Classification: H2, M4, M40, M41 \u0000Key words: book-tax conformity, earnings management, book income, tax income, tax incentives","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"14 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126598019","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 global financial system after and during the financial crisis had to face the major issue which has extremely influence their profitability: The Non-Performing Loans portfolio (NPLs). The present study aims to reveal the interrelation and the possible impact of the NPLs to the profitability indicators of the Greek banks and specifically how they affect the profitability of the banks. The empirical investigation of included a comparative study of Financial ratios of certain Greek banks were calculated in order to reveal the impact of Non-Performing loans to their profitability for the year 2017. Interest income on loans is positive for all Banks but with a wide variation, while Interest-Expenses show an asymmetric distribution. Overdue loans for more than 90 days show uniformity with the exception of Piraeus Bank which shows an extreme price. The correlation between ROA and ROE with loans is not statistically significant. The effect on the Equity of loans in all forms except regulated is considered statistically significant. The negative effect of NPLs for more than 90 days on Net Profit before Tax is considered statistically significant. JEL Classifications: G210, D140, G300, O160 Key words: Non- Performing loans, Greek Banks, Profitability, Credit risk, Legal frame of NPLs
{"title":"The impact of Non-Performing Loans on the Banks’ Profitability","authors":"M. Diakomihalis, Sofia Economakou","doi":"10.12681/icbe-hou.5305","DOIUrl":"https://doi.org/10.12681/icbe-hou.5305","url":null,"abstract":"The global financial system after and during the financial crisis had to face the major issue which has extremely influence their profitability: The Non-Performing Loans portfolio (NPLs). \u0000The present study aims to reveal the interrelation and the possible impact of the NPLs to the profitability indicators of the Greek banks and specifically how they affect the profitability of the banks. \u0000The empirical investigation of included a comparative study of Financial ratios of certain Greek banks were calculated in order to reveal the impact of Non-Performing loans to their profitability for the year 2017. \u0000Interest income on loans is positive for all Banks but with a wide variation, while Interest-Expenses show an asymmetric distribution. Overdue loans for more than 90 days show uniformity with the exception of Piraeus Bank which shows an extreme price. The correlation between ROA and ROE with loans is not statistically significant. \u0000The effect on the Equity of loans in all forms except regulated is considered statistically significant. The negative effect of NPLs for more than 90 days on Net Profit before Tax is considered statistically significant. \u0000 \u0000JEL Classifications: G210, D140, G300, O160 \u0000Key words: Non- Performing loans, Greek Banks, Profitability, Credit risk, Legal frame of NPLs \u0000 ","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124960046","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 study we look at the potential of these novel financial instruments namely the Innovative Financing for Development Mechanisms (IFDMs). Bearing in mind the adverse financial conditions in many emerging and advanced economies, the high risk associated to innovative activities and intangible assets, the growing levels of private and public debt and the need to address sustainability on top of economic growth, these instruments are of pivotal importance. We consider the Greek economy as a case study and elaborating on the structure and functioning of crowdfunding and green bonds, we identify the potential given the current financial adversities, but also highlight the need for a comprehensive global governance and legislation built around those tools, concluding that these innovative forms of finance although currently at a premature level compared to regional averages, could play a considerable part in the rejuvenation of the domestic financial system in this time of need EL Classifications: G20, G21, G23, O10, O16. Key words: Financialization, Sustainable Development, Crowdfunding, Green Bonds This work was financially supported by the Department of Economics, National and Kapodistrian University of Athens
{"title":"Financialisation, sustainable finance and innovative financing for development mechanisms: the greek case study for crowdfunding and green bonds","authors":"P. Boufounou, Konstantinos Dellis","doi":"10.12681/icbe-hou.5307","DOIUrl":"https://doi.org/10.12681/icbe-hou.5307","url":null,"abstract":"In this study we look at the potential of these novel financial instruments namely the Innovative Financing for Development Mechanisms (IFDMs). Bearing in mind the adverse financial conditions in many emerging and advanced economies, the high risk associated to innovative activities and intangible assets, the growing levels of private and public debt and the need to address sustainability on top of economic growth, these instruments are of pivotal importance. We consider the Greek economy as a case study and elaborating on the structure and functioning of crowdfunding and green bonds, we identify the potential given the current financial adversities, but also highlight the need for a comprehensive global governance and legislation built around those tools, concluding that these innovative forms of finance although currently at a premature level compared to regional averages, could play a considerable part in the rejuvenation of the domestic financial system in this time of need \u0000 \u0000EL Classifications: G20, G21, G23, O10, O16. \u0000Key words: Financialization, Sustainable Development, Crowdfunding, Green Bonds \u0000 \u0000This work was financially supported by the Department of Economics, National and Kapodistrian University of Athens","PeriodicalId":374676,"journal":{"name":"International Conference on Business and Economics - Hellenic Open University","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114376732","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：