Abstract This study focused on the influence of cash turnover, receivables turnover, and inventory turnover against the Net Profit Margin (NPM), showing the inequality of the results of previous studies. Therefore, this research investigates whether that inequality is associated with cash turnover, receivables turnover, and supply turnover against NPM, which becomes the focus of this study. The research used the data obtained from food and beverage manufacturing subsectors in the Southeast Asian Stock Exchange between 2012 and 2018. This study applied purposive sampling of 11 companies that provided a complete financial report, acquiring 77 samples. The statistical analyses used were multiple linear regression, partial testing, and simultaneous testing. The results of this study indicated that cash turnover and receivables turnover had no significant influence on the NPM, while the supply turnover had a significant influence on NPM. The results of the simulta-neous study of cash turnover, the turnover of receivables, and inventory turnover have a signif-icant rate of 0.010 < 0.05. It can be concluded that cash turnover, turnover receivables, and inventory rotation significantly influence the NPM.
{"title":"Effect of Cash, Receivables, and Inventory Turnover on Net Profit Margin (NPM) in Food & Beverage Subsector Manufacturing Companies","authors":"D. Sunaryo, E. Lestari","doi":"10.2478/sbe-2023-0016","DOIUrl":"https://doi.org/10.2478/sbe-2023-0016","url":null,"abstract":"Abstract This study focused on the influence of cash turnover, receivables turnover, and inventory turnover against the Net Profit Margin (NPM), showing the inequality of the results of previous studies. Therefore, this research investigates whether that inequality is associated with cash turnover, receivables turnover, and supply turnover against NPM, which becomes the focus of this study. The research used the data obtained from food and beverage manufacturing subsectors in the Southeast Asian Stock Exchange between 2012 and 2018. This study applied purposive sampling of 11 companies that provided a complete financial report, acquiring 77 samples. The statistical analyses used were multiple linear regression, partial testing, and simultaneous testing. The results of this study indicated that cash turnover and receivables turnover had no significant influence on the NPM, while the supply turnover had a significant influence on NPM. The results of the simulta-neous study of cash turnover, the turnover of receivables, and inventory turnover have a signif-icant rate of 0.010 < 0.05. It can be concluded that cash turnover, turnover receivables, and inventory rotation significantly influence the NPM.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"13 1","pages":"298 - 313"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82965096","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}
Abstract The global cosmetics market is dynamic and significant in size. Cosmetic products’ market is constantly expanding its influence to different target audiences and covers all classes of consumers. Marketing strategy of cosmetics corporations exists on different levels: main (global) and adapted (for the region or definite country). Generally, it connects with different influencing factors. Based on this, the main aim of this study is to identify and evaluate the key factors globally and evaluate the same for the Ukrainian market. To collect data about global tendencies authors accumulated existing statistical data, annual reports and scientific papers on this topic. For receiving results and collecting data about Ukrainian consumers, close-ended questionnaires were used as a method of collecting preliminary information. Results were classified, most important key success factors were highlighted and then machine learning techniques were used to provide an analysis of correlation. Our results demonstrated that despite the general difference of financial well-being of consumers in USA, Canada and European countries, Ukraine does not differ in consumer preferences by price, as a main factor. For sure it should be noticed, that price is the most influential in third world countries, but Ukrainian market has its own more influential specific factors.
{"title":"Identification of the Factors Influencing the Cosmetic Products Market (Ukraine Case)","authors":"S. Sviderska, O. Zhylinska, P. Kukhta","doi":"10.2478/sbe-2023-0018","DOIUrl":"https://doi.org/10.2478/sbe-2023-0018","url":null,"abstract":"Abstract The global cosmetics market is dynamic and significant in size. Cosmetic products’ market is constantly expanding its influence to different target audiences and covers all classes of consumers. Marketing strategy of cosmetics corporations exists on different levels: main (global) and adapted (for the region or definite country). Generally, it connects with different influencing factors. Based on this, the main aim of this study is to identify and evaluate the key factors globally and evaluate the same for the Ukrainian market. To collect data about global tendencies authors accumulated existing statistical data, annual reports and scientific papers on this topic. For receiving results and collecting data about Ukrainian consumers, close-ended questionnaires were used as a method of collecting preliminary information. Results were classified, most important key success factors were highlighted and then machine learning techniques were used to provide an analysis of correlation. Our results demonstrated that despite the general difference of financial well-being of consumers in USA, Canada and European countries, Ukraine does not differ in consumer preferences by price, as a main factor. For sure it should be noticed, that price is the most influential in third world countries, but Ukrainian market has its own more influential specific factors.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"28 17 1","pages":"328 - 341"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79264794","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}
Abstract The crisis caused by the Covid pandemic is certainly the major disruptive event of this first quarter century, the Russian-Ukrainian military crisis also having the potential (in terms of the global dysfunctions generated) to fit into this typology. Beyond the clear negative effects (social, human, economic, etc.) of the Covid pandemic, however, we must also consider the possible challenges it may pose. The research question of the present article is situated in this thematic register, on a niche topic, urban resilience, re-evaluated, following the materialization of this pandemic context, both in academic research and in terms of contemporary management practice. It is intended, in conjunction with a bibliometric analysis, to highlight possible directions of action within the triple and quadruple helix models for strengthening urban resilience based on the lessons learned from this crisis, directions that are considered useful to a wide range of stakeholders in academia, industry and government. While there is sufficient concern directed towards determining resilience indices, the main thesis considered for this article is that there is a need for synergistic stakeholder action, integrating such elaborations into the proactive framework of a robust yet scalable urban resilience profile in relation to a wide range of events across the urban community security threat spectrum, as was the case with Covid 19.
{"title":"Challenges of Post-Pandemic Urban Resilience Management","authors":"D. Badea, D. Ranf","doi":"10.2478/sbe-2023-0002","DOIUrl":"https://doi.org/10.2478/sbe-2023-0002","url":null,"abstract":"Abstract The crisis caused by the Covid pandemic is certainly the major disruptive event of this first quarter century, the Russian-Ukrainian military crisis also having the potential (in terms of the global dysfunctions generated) to fit into this typology. Beyond the clear negative effects (social, human, economic, etc.) of the Covid pandemic, however, we must also consider the possible challenges it may pose. The research question of the present article is situated in this thematic register, on a niche topic, urban resilience, re-evaluated, following the materialization of this pandemic context, both in academic research and in terms of contemporary management practice. It is intended, in conjunction with a bibliometric analysis, to highlight possible directions of action within the triple and quadruple helix models for strengthening urban resilience based on the lessons learned from this crisis, directions that are considered useful to a wide range of stakeholders in academia, industry and government. While there is sufficient concern directed towards determining resilience indices, the main thesis considered for this article is that there is a need for synergistic stakeholder action, integrating such elaborations into the proactive framework of a robust yet scalable urban resilience profile in relation to a wide range of events across the urban community security threat spectrum, as was the case with Covid 19.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"1 1","pages":"37 - 53"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82983187","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}
L. Dorokhova, Kristian Pentus, A. Kuusik, O. Dorokhov
Abstract The development of e-commerce requires the strengthening of this component of the pharmaceutical business while providing the population with medicines. Improving the operation of pharmacy websites is an important task with a significant marketing effect. The purpose of the study is to identify errors on pharmacy websites that worsen their usability and communicative qualities when interacting with visitors, to offer an approach based on a joint assessment of consumer perception and technical parameters, and to carry out calculations for a comparative analysis of such sites functional and technical components using a multi-criteria approach. The objectives of the study were to analyze the Internet trade in medicines, to determine the criteria for comparison of pharmacy sites, to develop a model for website evaluation, and to analyze the results of site quality estimation. Multicriteria comparison with different importance of criteria was used as the methodology to evaluate the usability of sites for online buyers of pharmaceutical products. As result two main components of the quality of pharmacy sites are identified: user interface and technical characteristics. The parameters of site evaluation for these components are described, and evaluation is performed. A computer model in Excel has been developed. The proposed approach and the program allow for assessing pharmacy sites’ quality, comparing their marketing opportunities, directions to improve functionality, pharmaceutical services, and business position of pharmacies. The described steps for website estimations can be used not only in pharmaceutical services but for wide kinds of sites for e-commerce.
{"title":"Comparison of Pharmacy Websites: An Integrated Approach Based on Consumer Perception and Technical Parameters","authors":"L. Dorokhova, Kristian Pentus, A. Kuusik, O. Dorokhov","doi":"10.2478/sbe-2023-0006","DOIUrl":"https://doi.org/10.2478/sbe-2023-0006","url":null,"abstract":"Abstract The development of e-commerce requires the strengthening of this component of the pharmaceutical business while providing the population with medicines. Improving the operation of pharmacy websites is an important task with a significant marketing effect. The purpose of the study is to identify errors on pharmacy websites that worsen their usability and communicative qualities when interacting with visitors, to offer an approach based on a joint assessment of consumer perception and technical parameters, and to carry out calculations for a comparative analysis of such sites functional and technical components using a multi-criteria approach. The objectives of the study were to analyze the Internet trade in medicines, to determine the criteria for comparison of pharmacy sites, to develop a model for website evaluation, and to analyze the results of site quality estimation. Multicriteria comparison with different importance of criteria was used as the methodology to evaluate the usability of sites for online buyers of pharmaceutical products. As result two main components of the quality of pharmacy sites are identified: user interface and technical characteristics. The parameters of site evaluation for these components are described, and evaluation is performed. A computer model in Excel has been developed. The proposed approach and the program allow for assessing pharmacy sites’ quality, comparing their marketing opportunities, directions to improve functionality, pharmaceutical services, and business position of pharmacies. The described steps for website estimations can be used not only in pharmaceutical services but for wide kinds of sites for e-commerce.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"20 1","pages":"101 - 117"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91166900","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}
Abstract The current paper deals with a rarely studied subject in the Romanian academic field, that of developing a profile of organized crime entities. The aim of the paper is to present the findings of a qualitative indepth-interview based research that was designed (using 11 specific objectives and 15 interviews) to identify how criminal entities are organized in the sense of structure, communication, hierarchy levels, member recruitment etc. The qualitative research was applied to law enforcement employees, prosecutors (former and active ones) and active and former members of organized crime that can help achieve the research objectives. Being structured in several sections (literature review, research methodology, research findings, conclusions and discussions) the current article represents the first step in understanding the way criminal entities are being organized and if the organizational method and management style mach that of economic (legal organized) entities. The results of the research and using as backround the literature review, have generated several interesting future hypothesis regarding the organization of criminal entities that can and are being tested with the help of a quantitative research method in an attempt to identify the best methods and strategies that the law enforcement entities can use to combat illegal activities.
{"title":"Profiling the Management of Organised Crime: Evidence of a Qualitative Research","authors":"C. David, D. Dumitrașcu","doi":"10.2478/sbe-2023-0005","DOIUrl":"https://doi.org/10.2478/sbe-2023-0005","url":null,"abstract":"Abstract The current paper deals with a rarely studied subject in the Romanian academic field, that of developing a profile of organized crime entities. The aim of the paper is to present the findings of a qualitative indepth-interview based research that was designed (using 11 specific objectives and 15 interviews) to identify how criminal entities are organized in the sense of structure, communication, hierarchy levels, member recruitment etc. The qualitative research was applied to law enforcement employees, prosecutors (former and active ones) and active and former members of organized crime that can help achieve the research objectives. Being structured in several sections (literature review, research methodology, research findings, conclusions and discussions) the current article represents the first step in understanding the way criminal entities are being organized and if the organizational method and management style mach that of economic (legal organized) entities. The results of the research and using as backround the literature review, have generated several interesting future hypothesis regarding the organization of criminal entities that can and are being tested with the help of a quantitative research method in an attempt to identify the best methods and strategies that the law enforcement entities can use to combat illegal activities.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"139 1","pages":"90 - 100"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86262383","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}
Abstract The study assesses the determinants of the financial stability of the Czech commercial insurance companies within the period 2004-2019. The eight macroeconomic determinants of the financial stability of insurance are analysed for both insurers, i.e., with predominated life and non-life insurance. The generalized method of moments is used for empirical analysis. The results show four macroeconomic variables were statistically significant determinants of financial stability in the case of non-life insurers and three determinants influenced the financial stability of life insurers. The study concludes that the determinants of the financial stability of non-life insurers were different that in the case of life insurers. Moreover, the impact of several determinants is also different in case life and non-life insurers in the Czech Republic.
{"title":"Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic","authors":"Iveta Palečková, Lenka Přečková","doi":"10.2478/sbe-2023-0012","DOIUrl":"https://doi.org/10.2478/sbe-2023-0012","url":null,"abstract":"Abstract The study assesses the determinants of the financial stability of the Czech commercial insurance companies within the period 2004-2019. The eight macroeconomic determinants of the financial stability of insurance are analysed for both insurers, i.e., with predominated life and non-life insurance. The generalized method of moments is used for empirical analysis. The results show four macroeconomic variables were statistically significant determinants of financial stability in the case of non-life insurers and three determinants influenced the financial stability of life insurers. The study concludes that the determinants of the financial stability of non-life insurers were different that in the case of life insurers. Moreover, the impact of several determinants is also different in case life and non-life insurers in the Czech Republic.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"1 1","pages":"218 - 230"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80424930","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}
Wicaksono Ahmad Tibrizi Soni, Mufraini Arief, Miranti Titis, Muttaqien Muhammad Khaerul
Abstract The study explores the most powerful between Bitcoin and Gold in boosting the Shariah Equity Index in Malaysia, the United Arab Emirates, China, Indonesia, The United States of America (USA), Japan, Oman, and Saudi Arabia in the short and long term. The study uses analysis of the first and second stages of the Granger Causality Test and Vector Error Correction Model (VECM), then Impulse Response Function (IRF) and Variance Decomposition (VDC) over the period 2013 to 2021. The finding proves that only Gold can affect the Islamic Equity Index in the short term, then Bitcoin and Gold proved to contribute equally to the Islamic Equity Index in the long term. However, Bitcoin has the potential to provide positively correlated shocks and dominate the value of Islamic equity indices in the long term. The results demonstrate that government intervention is decisive in maintaining the stability of the Shariah Equity Index from future Bitcoin threats. The study’s finding has practical implications for Islamic capital market Investors, Managers, and Authorities.
{"title":"Bitcoin Vs Gold: Which One is the Most Powerful in Boosting the Shariah Equity Index? Global Evidence","authors":"Wicaksono Ahmad Tibrizi Soni, Mufraini Arief, Miranti Titis, Muttaqien Muhammad Khaerul","doi":"10.2478/sbe-2023-0001","DOIUrl":"https://doi.org/10.2478/sbe-2023-0001","url":null,"abstract":"Abstract The study explores the most powerful between Bitcoin and Gold in boosting the Shariah Equity Index in Malaysia, the United Arab Emirates, China, Indonesia, The United States of America (USA), Japan, Oman, and Saudi Arabia in the short and long term. The study uses analysis of the first and second stages of the Granger Causality Test and Vector Error Correction Model (VECM), then Impulse Response Function (IRF) and Variance Decomposition (VDC) over the period 2013 to 2021. The finding proves that only Gold can affect the Islamic Equity Index in the short term, then Bitcoin and Gold proved to contribute equally to the Islamic Equity Index in the long term. However, Bitcoin has the potential to provide positively correlated shocks and dominate the value of Islamic equity indices in the long term. The results demonstrate that government intervention is decisive in maintaining the stability of the Shariah Equity Index from future Bitcoin threats. The study’s finding has practical implications for Islamic capital market Investors, Managers, and Authorities.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"223 1","pages":"5 - 36"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77835146","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}
Abstract This study investigates the strategic responses to the Covid-19 pandemic by academic research from the distinctive lens of corporate social responsibility (CSR). Specifically, it examines the evolution and trend of published academic research covering the CSR–Covid-19 nexus by highlighting key characteristics of published theoretical and empirical research linking the two elements. A total of 99 papers on CSR–Covid-19 nexus derived from Scopus database were analysed using bibliometrics, social network techniques and content analysis to examine the research activities since the start of the pandemic up to November 2021. The results indicate that the pandemic had effectively stimulated rapid growth of research interests examining the intertwined nature of CSR and Covid-19 as reflected in the swift proliferation of studies theoretically explaining and empirically testing the roles and impacts of CSR on various Covid-19 outcomes within myriads of domains, including but not limited to health, business practices, economics, and socials. The practical implications of this article lies on its ability to accentuate key research characteristics that early and/or mature researchers should consider when planning their future research trajectory on the link between CSR and Covid-19.
{"title":"Academic Research Responses to Covid-19: The Corporate Social Responsibility Perspective","authors":"H. S. Nahar, Maslinawati Mohamad","doi":"10.2478/sbe-2023-0010","DOIUrl":"https://doi.org/10.2478/sbe-2023-0010","url":null,"abstract":"Abstract This study investigates the strategic responses to the Covid-19 pandemic by academic research from the distinctive lens of corporate social responsibility (CSR). Specifically, it examines the evolution and trend of published academic research covering the CSR–Covid-19 nexus by highlighting key characteristics of published theoretical and empirical research linking the two elements. A total of 99 papers on CSR–Covid-19 nexus derived from Scopus database were analysed using bibliometrics, social network techniques and content analysis to examine the research activities since the start of the pandemic up to November 2021. The results indicate that the pandemic had effectively stimulated rapid growth of research interests examining the intertwined nature of CSR and Covid-19 as reflected in the swift proliferation of studies theoretically explaining and empirically testing the roles and impacts of CSR on various Covid-19 outcomes within myriads of domains, including but not limited to health, business practices, economics, and socials. The practical implications of this article lies on its ability to accentuate key research characteristics that early and/or mature researchers should consider when planning their future research trajectory on the link between CSR and Covid-19.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"12 1","pages":"171 - 197"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87809302","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}
Abstract The purpose of this article is to present the process for developing individual indexes of sustainable household actions in several thematic areas of sustainable consumption. These areas are energy efficiency, electricity and water consumption, food consumption, transport use and product disposal. Based on these individual indexes, a proposal for the creation of an aggregated individual household index for sustainable consumption is discussed. Based on the developed indexes, a segmentation of households into three basic segments is proposed. The proposed indexes are designed based on the results of a survey conducted among 342 households from the city of Varna, Bulgaria in the months of January - April 2022. The proposed indexes, after adaptation, can be used as a tool for self-assessment of sustainable household consumption in different cities and countries. In this sense, as a result of their implementation, it is expected that the motivation of households towards inclusion in sustainable consumption will be increased.
{"title":"Sustainable Consumer Activities of Varna Households","authors":"Maria Kehayova-Stoycheva, S. Ivanov, J. Vasilev","doi":"10.2478/sbe-2023-0008","DOIUrl":"https://doi.org/10.2478/sbe-2023-0008","url":null,"abstract":"Abstract The purpose of this article is to present the process for developing individual indexes of sustainable household actions in several thematic areas of sustainable consumption. These areas are energy efficiency, electricity and water consumption, food consumption, transport use and product disposal. Based on these individual indexes, a proposal for the creation of an aggregated individual household index for sustainable consumption is discussed. Based on the developed indexes, a segmentation of households into three basic segments is proposed. The proposed indexes are designed based on the results of a survey conducted among 342 households from the city of Varna, Bulgaria in the months of January - April 2022. The proposed indexes, after adaptation, can be used as a tool for self-assessment of sustainable household consumption in different cities and countries. In this sense, as a result of their implementation, it is expected that the motivation of households towards inclusion in sustainable consumption will be increased.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"35 1","pages":"129 - 148"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77232931","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}
Andreea-Florentina Crăciun, Raluca-Ioana Răcătăian, A. Țăran, Nicoleta-Claudia Moldovan
Abstract In an economy facing multiple crises (economic, pandemic, energy crisis, political and security crises) becomes necessary to determine the implications of fiscal changes on the economy’s evolution. This paper aimed to assess the link between taxation and economic growth in the European Union Member States, considering panel data for the period 2000-2021 to identify taxation’s specific implications on economic growth. The methodological endeavour encompassed both qualitative and quantitative research approaches. The qualitative analysis of the study involved a bibliometric analysis of the existing literature and visual mapping of the bibliographic data employed to highlight the differences between the values of the variables recorded in the EU countries. The quantitative research methodology assumed the empirical analysis through a panel data regression with fixed and random effects to identify the reaction of the growth rate of the gross domestic product to changes in direct and indirect taxes. Our results indicate a relationship between taxation and economic growth, depending on the tax type. We have identified a direct relationship in the case of taxes on the income or profits of corporations, including holding gains and value-added taxes and an indirect relationship in the case of taxes on individual or household income including holding gains and other taxes on production. In addition, the impact of indirect taxes is more significant. These specific relationships influence the change in fiscal policies in response to economic shocks.
{"title":"Is There any Obvious Relationship Between Taxation and Economic Growth?","authors":"Andreea-Florentina Crăciun, Raluca-Ioana Răcătăian, A. Țăran, Nicoleta-Claudia Moldovan","doi":"10.2478/sbe-2023-0004","DOIUrl":"https://doi.org/10.2478/sbe-2023-0004","url":null,"abstract":"Abstract In an economy facing multiple crises (economic, pandemic, energy crisis, political and security crises) becomes necessary to determine the implications of fiscal changes on the economy’s evolution. This paper aimed to assess the link between taxation and economic growth in the European Union Member States, considering panel data for the period 2000-2021 to identify taxation’s specific implications on economic growth. The methodological endeavour encompassed both qualitative and quantitative research approaches. The qualitative analysis of the study involved a bibliometric analysis of the existing literature and visual mapping of the bibliographic data employed to highlight the differences between the values of the variables recorded in the EU countries. The quantitative research methodology assumed the empirical analysis through a panel data regression with fixed and random effects to identify the reaction of the growth rate of the gross domestic product to changes in direct and indirect taxes. Our results indicate a relationship between taxation and economic growth, depending on the tax type. We have identified a direct relationship in the case of taxes on the income or profits of corporations, including holding gains and value-added taxes and an indirect relationship in the case of taxes on individual or household income including holding gains and other taxes on production. In addition, the impact of indirect taxes is more significant. These specific relationships influence the change in fiscal policies in response to economic shocks.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"25 1","pages":"69 - 89"},"PeriodicalIF":0.6,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78835753","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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