The growing emphasis on sustainability has led to a rise of ESG rating providers, but this expansion has brought challenges. ESG ratings are complex and can vary significantly between agencies, due to different scoring methods and non-standardized disclosures, making accurate assessments difficult. Moreover, investors and companies express limited confidence in the accuracy of these ratings. Regulatory developments aim to improve ESG disclosure and comparability, however, discrepancies in assessment criteria and rating methodologies persist. These aspects have led to the increasing concern of researchers from the academic field and professionals from the financial markets to identify how divergent are the ESG rates provided by various suppliers, what are the causes of this divergence, how do these influence the performance of companies and above all, how the negative effects of divergent ESG rates mitigated. Most researchers focused their attention on the aforementioned aspects on the developed financial markets from the USA or Europe, on the top companies or on the companies listed on the BRIC emerging markets. This article analyzes the divergence of ESG rates provided by three well-known rate-providers, for companies listed on emerging markets in Europe, contributing to increasing knowledge in this field.
{"title":"ESG Rates Divergence on the Emerging Markets in the European Union","authors":"Diana Elena Vasiu","doi":"10.2478/sbe-2024-0038","DOIUrl":"https://doi.org/10.2478/sbe-2024-0038","url":null,"abstract":"The growing emphasis on sustainability has led to a rise of ESG rating providers, but this expansion has brought challenges. ESG ratings are complex and can vary significantly between agencies, due to different scoring methods and non-standardized disclosures, making accurate assessments difficult. Moreover, investors and companies express limited confidence in the accuracy of these ratings. Regulatory developments aim to improve ESG disclosure and comparability, however, discrepancies in assessment criteria and rating methodologies persist. These aspects have led to the increasing concern of researchers from the academic field and professionals from the financial markets to identify how divergent are the ESG rates provided by various suppliers, what are the causes of this divergence, how do these influence the performance of companies and above all, how the negative effects of divergent ESG rates mitigated. Most researchers focused their attention on the aforementioned aspects on the developed financial markets from the USA or Europe, on the top companies or on the companies listed on the BRIC emerging markets. This article analyzes the divergence of ESG rates provided by three well-known rate-providers, for companies listed on emerging markets in Europe, contributing to increasing knowledge in this field.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196703","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 use of communication techniques in marketing has become a fundamental component of effective marketing policy, representing an element of differentiation from the competition, which leads to obtaining, on the one hand, a competitive advantage, and on the other hand, to the consolidation of a long-term relationship with the consumer, ultimately determining their loyalty, with a notable effect on the financial outcomes of the organization. The selection of appropriate communication tools and channels, tailored to the interests of the targeted consumer segment requires a considerable effort on the part of marketers in the direction of deciphering consumer behaviour, understanding the influencing factors that shape it in the current economic and social climate, in which the use of digital technologies represents the most suitable means of initiating and conveying messages to consumers, as well as from consumers to the organization. The present study aims to emphasize the importance of using digital communication tools on the orientation of the purchase decision towards the products/services of an organization, without excluding, however, the need for an adequate use of traditional marketing communication tools. In the present article, the impact on consumer behaviour is analysed based on research from secondary data sources.
{"title":"The Impact of Digital Marketing on Consumer Behaviour","authors":"Oana Duralia","doi":"10.2478/sbe-2024-0027","DOIUrl":"https://doi.org/10.2478/sbe-2024-0027","url":null,"abstract":"The use of communication techniques in marketing has become a fundamental component of effective marketing policy, representing an element of differentiation from the competition, which leads to obtaining, on the one hand, a competitive advantage, and on the other hand, to the consolidation of a long-term relationship with the consumer, ultimately determining their loyalty, with a notable effect on the financial outcomes of the organization. The selection of appropriate communication tools and channels, tailored to the interests of the targeted consumer segment requires a considerable effort on the part of marketers in the direction of deciphering consumer behaviour, understanding the influencing factors that shape it in the current economic and social climate, in which the use of digital technologies represents the most suitable means of initiating and conveying messages to consumers, as well as from consumers to the organization. The present study aims to emphasize the importance of using digital communication tools on the orientation of the purchase decision towards the products/services of an organization, without excluding, however, the need for an adequate use of traditional marketing communication tools. In the present article, the impact on consumer behaviour is analysed based on research from secondary data sources.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196693","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}
Corporate fraud has become increasingly common and sophisticated in today’s complex economic world, and a variety of strategies for perpetrating fraud have arisen. Financial fraud has various negative implications in the corporate sector since it reduces efficiency and undermines confidence and loyalty among all stakeholders. In this context, the aim of this article is to identify the various types of corporate fraud by describing and categorizing them based on the motivation and purpose for which they are committed; additionally, different types of corporate financial crimes were examined in a case study for Romania. Data for this study were gathered from past research on the subject as well as other national databases on financial crime. Tax evasion, financial statement manipulation, and bankruptcy fraud to deceive financial data users are among the various types of fraud examined. Financial fraud in organizations is a continually changing topic. The findings suggest that corporate fraud must be prevented at multiple levels, including corporate governance, internal control and external regulation. This study contributes to the existing body of knowledge on corporate fraud and can be utilized as a resource by managers and regulators looking to better understand fraud and strengthen governance and internal control systems.
{"title":"Analysis and Classification of Corporate Fraud Based on the Literature and Investigated Cases in Romania","authors":"Isabella Lucuţ Capraş, Monica Violeta Achim","doi":"10.2478/sbe-2024-0031","DOIUrl":"https://doi.org/10.2478/sbe-2024-0031","url":null,"abstract":"Corporate fraud has become increasingly common and sophisticated in today’s complex economic world, and a variety of strategies for perpetrating fraud have arisen. Financial fraud has various negative implications in the corporate sector since it reduces efficiency and undermines confidence and loyalty among all stakeholders. In this context, the aim of this article is to identify the various types of corporate fraud by describing and categorizing them based on the motivation and purpose for which they are committed; additionally, different types of corporate financial crimes were examined in a case study for Romania. Data for this study were gathered from past research on the subject as well as other national databases on financial crime. Tax evasion, financial statement manipulation, and bankruptcy fraud to deceive financial data users are among the various types of fraud examined. Financial fraud in organizations is a continually changing topic. The findings suggest that corporate fraud must be prevented at multiple levels, including corporate governance, internal control and external regulation. This study contributes to the existing body of knowledge on corporate fraud and can be utilized as a resource by managers and regulators looking to better understand fraud and strengthen governance and internal control systems.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196692","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}
SMEs are significantly affected by the COVID-19 pandemic. This study examines how these variables interact to help SMEs recover and develop sustainably. The quantitative method is adopted in this paper. The research data was acquired from 450 SMEs in several industries in Vietnam. Research results show that learning capability improves intellectual capital and SMEs’ performance. Next, technological innovation moderated the link between learning capability, intellectual capital, and SMEs performance, suggesting that integration can improve SMEs’ recovery and resilience. Driven by research findings, SMEs should develop a learning culture and technological innovation to leverage performance during the turbulent circumstances of COVID-19. Furthermore, managers should invest in intellectual capital to support innovation during recovery and growth. Policymakers may help SMEs by encouraging learning organization, information sharing, and technology adoption. These measures can help SMEs thrive post-pandemic and revitalize local and global economies.
{"title":"Which Factors Help SMES’ Performance Recover Post-Pandemic? The Role of Learning Capability, Intellectual Capital, and Technological Innovation","authors":"Thi Hai-Ninh Do, Ngoc-Bich Do","doi":"10.2478/sbe-2024-0026","DOIUrl":"https://doi.org/10.2478/sbe-2024-0026","url":null,"abstract":"SMEs are significantly affected by the COVID-19 pandemic. This study examines how these variables interact to help SMEs recover and develop sustainably. The quantitative method is adopted in this paper. The research data was acquired from 450 SMEs in several industries in Vietnam. Research results show that learning capability improves intellectual capital and SMEs’ performance. Next, technological innovation moderated the link between learning capability, intellectual capital, and SMEs performance, suggesting that integration can improve SMEs’ recovery and resilience. Driven by research findings, SMEs should develop a learning culture and technological innovation to leverage performance during the turbulent circumstances of COVID-19. Furthermore, managers should invest in intellectual capital to support innovation during recovery and growth. Policymakers may help SMEs by encouraging learning organization, information sharing, and technology adoption. These measures can help SMEs thrive post-pandemic and revitalize local and global economies.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196696","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 concept of Circular Food Products, focusing on sustainability and waste minimization throughout the production and consumption cycle, has garnered significant attention recently. This research aims to provide empirical insights into factors influencing consumer behaviour regarding sustainability in the food industry. Using quantitative analysis techniques such as the questionnaire to measure attitudes, preferences and behaviours among consumers, and employing structural modeling for the collected data, the study yields important findings that advance knowledge in sustainable food consumption. These findings promote environmentally friendly and socially responsible practices within the food industry and among consumers. One key finding is the low level of consumer awareness about circular food products and their benefits. Perceptions varied, with some viewing these products as innovative and eco-friendly, while others considered them inferior to conventional products. This suggests the need for effective marketing campaigns to shape consumer awareness and perception of circular food products. Additionally, the research highlighted varying levels of awareness regarding the environmental impact of food production and consumption, with some consumers demonstrating strong concern for sustainability.These insights underscore the importance of targeted marketing and education to enhance consumer understanding and acceptance of circular food products, ultimately supporting the shift towards more sustainable consumption patterns.
{"title":"Towards Sustainable Consumption: Quantitative Insights into Consumer Behaviour on Circular Food Products","authors":"Cristina Maria Bătuşaru, Andreea Simina Porancea-Răulea, Alina Rădoiu, Ioana Raluca Sbârcea","doi":"10.2478/sbe-2024-0034","DOIUrl":"https://doi.org/10.2478/sbe-2024-0034","url":null,"abstract":"The concept of Circular Food Products, focusing on sustainability and waste minimization throughout the production and consumption cycle, has garnered significant attention recently. This research aims to provide empirical insights into factors influencing consumer behaviour regarding sustainability in the food industry. Using quantitative analysis techniques such as the questionnaire to measure attitudes, preferences and behaviours among consumers, and employing structural modeling for the collected data, the study yields important findings that advance knowledge in sustainable food consumption. These findings promote environmentally friendly and socially responsible practices within the food industry and among consumers. One key finding is the low level of consumer awareness about circular food products and their benefits. Perceptions varied, with some viewing these products as innovative and eco-friendly, while others considered them inferior to conventional products. This suggests the need for effective marketing campaigns to shape consumer awareness and perception of circular food products. Additionally, the research highlighted varying levels of awareness regarding the environmental impact of food production and consumption, with some consumers demonstrating strong concern for sustainability.These insights underscore the importance of targeted marketing and education to enhance consumer understanding and acceptance of circular food products, ultimately supporting the shift towards more sustainable consumption patterns.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196733","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 dynamic context of modern business, the role of religion in business management is increasingly attracting the attention of researchers and practitioners. Religion, seen as a set of spiritual beliefs and practices, deeply shapes people’s values, behaviors, and decisions, thus impacting the way organizations are managed. Using bibliometric analysis allowed us to identify research trends, the links between the keywords underlying the selected studies, and the impact of the publications on the business environment. The study revealed that religious values can shape ethical behavior, leadership styles, and corporate social responsibility in business. Most studies focus on the influences of Islamic, Catholic, and Protestant religions, leaving a significant gap in understanding how orthodox values and practices influence organizational behavior and business ethics, even though this is the dominant religion in many Eastern and South-Eastern European countries. For a more comprehensive perspective, future research should include case studies and surveys in these geographical and cultural regions, combining qualitative and quantitative methods of data analysis. This study provides a robust basis for future research, stimulating reflection on how religious values can shape the business landscape in the 21st century.
{"title":"Systematic Investigation of the Influence of Religion on Business Management: A Bibliometric Approach","authors":"Kamer-Ainur Aivaz, Iustin Cornel Petre","doi":"10.2478/sbe-2024-0021","DOIUrl":"https://doi.org/10.2478/sbe-2024-0021","url":null,"abstract":"In the dynamic context of modern business, the role of religion in business management is increasingly attracting the attention of researchers and practitioners. Religion, seen as a set of spiritual beliefs and practices, deeply shapes people’s values, behaviors, and decisions, thus impacting the way organizations are managed. Using bibliometric analysis allowed us to identify research trends, the links between the keywords underlying the selected studies, and the impact of the publications on the business environment. The study revealed that religious values can shape ethical behavior, leadership styles, and corporate social responsibility in business. Most studies focus on the influences of Islamic, Catholic, and Protestant religions, leaving a significant gap in understanding how orthodox values and practices influence organizational behavior and business ethics, even though this is the dominant religion in many Eastern and South-Eastern European countries. For a more comprehensive perspective, future research should include case studies and surveys in these geographical and cultural regions, combining qualitative and quantitative methods of data analysis. This study provides a robust basis for future research, stimulating reflection on how religious values can shape the business landscape in the 21st century.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142227769","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}
Raising importance of personality traits within the financial decision-making literature inspired us to conduct a research with locus of control in the main role for achieving financial benefits in personal finance. PLS-SEM analysis was adopted using the data set of 130 Croatian citizens who took part in a questionnaire survey. We confirmed that external locus of control is detrimental to self-control, which afterwards reflects in personal finance management. To be more precise, people with less developed self-control are more prone towards compulsive buying, materialism and indebtedness. Personality traits such as locus of control are usually stable among adults. Thus, mainly self-control can be exercised and improved. That is the key message of this article for external people and various providers of financial literacy programs – change is possible and manageable principally via practicing self-control. Nevertheless, the subsequent studies could offer a more detailed insight into the interplays between locus of control, financial literacy, self-control and financial outcomes.
{"title":"Financial Outcomes of the Locus of Control: PLS-SEM Evidence from Croatia","authors":"Ana Kundid Novokmet, Marija Vuković","doi":"10.2478/sbe-2024-0030","DOIUrl":"https://doi.org/10.2478/sbe-2024-0030","url":null,"abstract":"Raising importance of personality traits within the financial decision-making literature inspired us to conduct a research with locus of control in the main role for achieving financial benefits in personal finance. PLS-SEM analysis was adopted using the data set of 130 Croatian citizens who took part in a questionnaire survey. We confirmed that external locus of control is detrimental to self-control, which afterwards reflects in personal finance management. To be more precise, people with less developed self-control are more prone towards compulsive buying, materialism and indebtedness. Personality traits such as locus of control are usually stable among adults. Thus, mainly self-control can be exercised and improved. That is the key message of this article for external people and various providers of financial literacy programs – change is possible and manageable principally via practicing self-control. Nevertheless, the subsequent studies could offer a more detailed insight into the interplays between locus of control, financial literacy, self-control and financial outcomes.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196715","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 purpose of this paper is to establish the possible influence of personal and reactive anxiety on personality characteristics, cognitive abilities and performance of basketball actions of basketball players. An empirical study is conducted with basketball players (which are also students at University of Economics – Varna - UEV) in 2016, playing basketball at the Sports Club at the UEV. To establish the level of effectiveness of the students’ game actions, their performances in 9 meetings (10 units of observation) are recorded. ANOVA is used to determine differences in basketball performance measures for individuals with relatively high levels of anxiety and for individuals with relatively low levels of anxiety. One of the indicators is “personal anxiety” (Q6). Another indicator is available. It is “reactive anxiety” (Q7). PSPP is used to analyze the dataset. The ANOVA test shows that there is a statistically significant difference (p<0.05) in Q21 “Countering a shelter with successful” for the examined two groups of basketball players. The practical significance of the results refers to the effectiveness of the educational and sports process of university students. The novelty of the paper refers to the analysis of personal characteristics of basketball players (such as anxiety) on their performance in action.
{"title":"Influence of Personal and Reactive Anxiety on Personality Characteristics, Cognitive Abilities and Performance of Basketball Actions","authors":"Julian Vasilev, Ilko Iliev","doi":"10.2478/sbe-2024-0037","DOIUrl":"https://doi.org/10.2478/sbe-2024-0037","url":null,"abstract":"The purpose of this paper is to establish the possible influence of personal and reactive anxiety on personality characteristics, cognitive abilities and performance of basketball actions of basketball players. An empirical study is conducted with basketball players (which are also students at University of Economics – Varna - UEV) in 2016, playing basketball at the Sports Club at the UEV. To establish the level of effectiveness of the students’ game actions, their performances in 9 meetings (10 units of observation) are recorded. ANOVA is used to determine differences in basketball performance measures for individuals with relatively high levels of anxiety and for individuals with relatively low levels of anxiety. One of the indicators is “personal anxiety” (Q6). Another indicator is available. It is “reactive anxiety” (Q7). PSPP is used to analyze the dataset. The ANOVA test shows that there is a statistically significant difference (p<0.05) in Q21 “Countering a shelter with successful” for the examined two groups of basketball players. The practical significance of the results refers to the effectiveness of the educational and sports process of university students. The novelty of the paper refers to the analysis of personal characteristics of basketball players (such as anxiety) on their performance in action.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196714","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}
Virendra Amonkar, Rodrigues Filipe E Melo, Gajanan Haldankar, Shekhar Sawant
This research study aims to comprehensively examine and compare the growth of Electronic filing of returns associated with Income Tax in the 28 states of India. It examines the correlation between the states of India and the adoption of e-filing for income tax, aiming to understand variations in e-filing growth among large, medium, and small states.Using data from the department of Income Tax, this study analyzed E-filing trends spanning from 2011-12 to 2022-23. The states were categorized according to their population sizes. Data processing was performed in Microsoft Excel, and the statistical analysis involved descriptive analysis and various tests conducted in Jamovi software.The findings of this study reveal a consistent upward trend in E-filing of tax returns across large, medium, and small states in India. Maharashtra distinguishes itself as the leading state in terms of performance among the large states, Punjab leads in the medium state category, and Goa excels among small states regarding adoption and use of E-filing of retuns.This research contributes value by offering a comprehensive analysis of E-filing trends within different state categories in India, providing a deeper understanding of the variations and significant differences among states in their adoption of electronic income tax filing methods.
{"title":"Exploring the Growth of E-Filing of Income Tax Returns in India: An In-Depth Examination of Growth and Comparative Analysis","authors":"Virendra Amonkar, Rodrigues Filipe E Melo, Gajanan Haldankar, Shekhar Sawant","doi":"10.2478/sbe-2024-0022","DOIUrl":"https://doi.org/10.2478/sbe-2024-0022","url":null,"abstract":"This research study aims to comprehensively examine and compare the growth of Electronic filing of returns associated with Income Tax in the 28 states of India. It examines the correlation between the states of India and the adoption of e-filing for income tax, aiming to understand variations in e-filing growth among large, medium, and small states.Using data from the department of Income Tax, this study analyzed E-filing trends spanning from 2011-12 to 2022-23. The states were categorized according to their population sizes. Data processing was performed in Microsoft Excel, and the statistical analysis involved descriptive analysis and various tests conducted in Jamovi software.The findings of this study reveal a consistent upward trend in E-filing of tax returns across large, medium, and small states in India. Maharashtra distinguishes itself as the leading state in terms of performance among the large states, Punjab leads in the medium state category, and Goa excels among small states regarding adoption and use of E-filing of retuns.This research contributes value by offering a comprehensive analysis of E-filing trends within different state categories in India, providing a deeper understanding of the variations and significant differences among states in their adoption of electronic income tax filing methods.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196698","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 study investigates the role of innovation in attaining economic growth and development in the 27 EU Member States (EU-27). Our analytical approach employs advanced panel data econometric methods, including an autoregressive distributed lag (ARDL) model and data mapping analysis. Additionally, an interactive approach to regulatory quality was introduced to evaluate its influence on economic development. The results suggest that innovation significantly impacts economic development in both the long and short term. Empirical evidence indicates that the quality of regulatory frameworks is a main factor in shaping economic development in both the long and short terms. The main findings imply the need for countries to align their strategies with the effective integration of digital technologies and sustained innovation and further substantially invest resources in R&D capabilities to ensure robust economic progress. Among the countries examined, Sweden, the Netherlands, Finland, and Denmark exhibited the highest levels of innovation. Some nations, with significant economic potential, such as Romania and Bulgaria, tend to underinvest in R&D.
{"title":"EU Capacity to Bolster and Stimulate Research and Innovation: Who is the Leader in Development?","authors":"Cristina Criste, Ciel Bovary Man, Nicoleta-Claudia Moldovan, Raluca Răcătăian, Oana-Ramona Lobonţ","doi":"10.2478/sbe-2024-0025","DOIUrl":"https://doi.org/10.2478/sbe-2024-0025","url":null,"abstract":"This study investigates the role of innovation in attaining economic growth and development in the 27 EU Member States (EU-27). Our analytical approach employs advanced panel data econometric methods, including an autoregressive distributed lag (ARDL) model and data mapping analysis. Additionally, an interactive approach to regulatory quality was introduced to evaluate its influence on economic development. The results suggest that innovation significantly impacts economic development in both the long and short term. Empirical evidence indicates that the quality of regulatory frameworks is a main factor in shaping economic development in both the long and short terms. The main findings imply the need for countries to align their strategies with the effective integration of digital technologies and sustained innovation and further substantially invest resources in R&D capabilities to ensure robust economic progress. Among the countries examined, Sweden, the Netherlands, Finland, and Denmark exhibited the highest levels of innovation. Some nations, with significant economic potential, such as Romania and Bulgaria, tend to underinvest in R&D.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2024-09-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142196717","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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