Cüneyt Kiliç, Ahmet Tayfur Akcan, Özgür Topkaya, Müşerref Arik
Energy plays a vital role in every aspect of the economy and in recent years renewable energy is highly debated for its pros and cons. While renewable energy consumption is important for sustainable growth and reduction of environmental damage it has some negative effects on the industrial production. The aim of the study is to examine the relationship between renewable energy consumption, financial development and industrial output for Turkey. Annual data between 1980 and 2019 were used in the study. Fractional Fourier Augmented Dickey-Fuller Unit Root Test and the Fourier Autoregressive Distributed Lag Bound Tests were used to analyze the relationship between variables. As a result of the study, a positive relationship was found between financial development and renewable energy consumption, while a negative relationship was found between industrial output and renewable energy consumption. Our empirical findings have important policy implications. According to these policy implications, the focus should be on a green-based economy with various subsidies, selective taxation procedures and incentive policies to increase the demand for renewable energy use.
{"title":"Financial Development, Renewable Energy Consumption and Industrial Output Relation: Testing Fourier ARDL for Turkey","authors":"Cüneyt Kiliç, Ahmet Tayfur Akcan, Özgür Topkaya, Müşerref Arik","doi":"10.2478/sbe-2024-0006","DOIUrl":"https://doi.org/10.2478/sbe-2024-0006","url":null,"abstract":"Energy plays a vital role in every aspect of the economy and in recent years renewable energy is highly debated for its pros and cons. While renewable energy consumption is important for sustainable growth and reduction of environmental damage it has some negative effects on the industrial production. The aim of the study is to examine the relationship between renewable energy consumption, financial development and industrial output for Turkey. Annual data between 1980 and 2019 were used in the study. Fractional Fourier Augmented Dickey-Fuller Unit Root Test and the Fourier Autoregressive Distributed Lag Bound Tests were used to analyze the relationship between variables. As a result of the study, a positive relationship was found between financial development and renewable energy consumption, while a negative relationship was found between industrial output and renewable energy consumption. Our empirical findings have important policy implications. According to these policy implications, the focus should be on a green-based economy with various subsidies, selective taxation procedures and incentive policies to increase the demand for renewable energy use.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"31 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150571","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}
Global challenges such as climate change, the Covid-19 pandemic, and geopolitical instability have driven organizations to embed sustainability into their strategies and operations, moving away from the profit-driven mindset to a broader emphasis on societal value. Sustainability, today a widespread concept in academia and business, requires balancing social, environmental, and economic responsibilities to achieve long-term success. Embracing the Triple Bottom Line (TBL) model, organizations aim for profit while also positively impacting society and the environment. However, there is a prevailing tendency to emphasize rights over responsibilities, a pattern that needs to shift in order to promote sustainability. This paper contributes to the body of knowledge on corporate sustainability by exploring its relationship with social responsibility. A bibliometric analysis was conducted on a sample of 9,378 documents processed using VOSviewer. The study examines the interplay between sustainability, social responsibility, and corporate sustainability, mapping out key concepts and visualizing their networks. Furthermore, the links to other key themes such as performance, management, innovation, strategy, governance, supply chain management, leadership, stakeholders, and others were also explored. Social-responsibility disclosure was also found to be an emergent topic in terms of organizational accountability and transparency.
{"title":"The Convergence of Corporate Sustainability and Social Responsibility in Modern Business Contexts: A Bibliometric Analysis","authors":"Andra-Teodora Gorski, Dănuț Dumitru Dumitraşcu","doi":"10.2478/sbe-2024-0004","DOIUrl":"https://doi.org/10.2478/sbe-2024-0004","url":null,"abstract":"Global challenges such as climate change, the Covid-19 pandemic, and geopolitical instability have driven organizations to embed sustainability into their strategies and operations, moving away from the profit-driven mindset to a broader emphasis on societal value. Sustainability, today a widespread concept in academia and business, requires balancing social, environmental, and economic responsibilities to achieve long-term success. Embracing the Triple Bottom Line (TBL) model, organizations aim for profit while also positively impacting society and the environment. However, there is a prevailing tendency to emphasize rights over responsibilities, a pattern that needs to shift in order to promote sustainability. This paper contributes to the body of knowledge on corporate sustainability by exploring its relationship with social responsibility. A bibliometric analysis was conducted on a sample of 9,378 documents processed using VOSviewer. The study examines the interplay between sustainability, social responsibility, and corporate sustainability, mapping out key concepts and visualizing their networks. Furthermore, the links to other key themes such as performance, management, innovation, strategy, governance, supply chain management, leadership, stakeholders, and others were also explored. Social-responsibility disclosure was also found to be an emergent topic in terms of organizational accountability and transparency.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"65 1 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150473","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}
Mihai Țichindelean, Claudia Ogrean, Mihaela Herciu
The purpose of the current paper is to study how customer loyalty varies in time according to customer segments and external factors. In the first part of the paper, the authors have reviewed in a funnel-like manner the relevant literature, starting with relationship marketing and customer relationship management theories, and ending with customer loyalty. To achieve the paper’s research purpose, buying behavior data (recency of last transaction, buying frequency and monetary value spent) from a company’s internal information system was analyzed for 2019 and 2020, respectively. RFM model was applied on the 2019 data and resulted in three segments: heavy, medium, and low users - segments which varied in their loyalty for the year 2020. Based on the obtained findings, the authors concluded that the more intense a customer’s buying behavior is, the higher their probability is of being loyal in the future. A second conclusion assumes that customers characterized by intense buying behavior are less vulnerable to external threats, the Covid-19 pandemic in our case.
{"title":"Do Loyal Customers Buy Differently? Examining Customers’ Loyalty in a Self-Service Setting","authors":"Mihai Țichindelean, Claudia Ogrean, Mihaela Herciu","doi":"10.2478/sbe-2024-0019","DOIUrl":"https://doi.org/10.2478/sbe-2024-0019","url":null,"abstract":"The purpose of the current paper is to study how customer loyalty varies in time according to customer segments and external factors. In the first part of the paper, the authors have reviewed in a funnel-like manner the relevant literature, starting with relationship marketing and customer relationship management theories, and ending with customer loyalty. To achieve the paper’s research purpose, buying behavior data (recency of last transaction, buying frequency and monetary value spent) from a company’s internal information system was analyzed for 2019 and 2020, respectively. RFM model was applied on the 2019 data and resulted in three segments: heavy, medium, and low users - segments which varied in their loyalty for the year 2020. Based on the obtained findings, the authors concluded that the more intense a customer’s buying behavior is, the higher their probability is of being loyal in the future. A second conclusion assumes that customers characterized by intense buying behavior are less vulnerable to external threats, the Covid-19 pandemic in our case.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"69 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150612","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}
International outsourcing affects firms’ decisions in various ways. We develop a model to analyze the entry mode behavior of a foreign firm on entering a domestic market when international outsourcing takes place. Being vertically integrated, the foreign firm can either produce in-house input or (partially) outsource it from an outside input supplier. Such practices can be widely observed in real life, in which a firm may outsource some input despite being able to produce the input by itself for various strategic advantages. Depending on its strategy of obtaining input, we consider two entry modes, export and FDI, and derive conditions under which the foreign firm chooses one entry mode over the other. Among the findings, we present a case in which an increase in tariff may raise the likelihood of the foreign firm choosing export. The reason is that the tariff raises the input price and, hence, the rival’s marginal cost. Therefore, such a case prevails when the tariff is high enough to weaken the domestic firm but not too high that it harms the foreign firm. We feature several other interesting cases highlighting the roles of entry costs and in-house input production costs.
{"title":"Entry Mode in the Presence of International Outsourcing","authors":"Doriani Lingga, Damiana Simanjuntak","doi":"10.2478/sbe-2024-0017","DOIUrl":"https://doi.org/10.2478/sbe-2024-0017","url":null,"abstract":"International outsourcing affects firms’ decisions in various ways. We develop a model to analyze the entry mode behavior of a foreign firm on entering a domestic market when international outsourcing takes place. Being vertically integrated, the foreign firm can either produce in-house input or (partially) outsource it from an outside input supplier. Such practices can be widely observed in real life, in which a firm may outsource some input despite being able to produce the input by itself for various strategic advantages. Depending on its strategy of obtaining input, we consider two entry modes, export and FDI, and derive conditions under which the foreign firm chooses one entry mode over the other. Among the findings, we present a case in which an increase in tariff may raise the likelihood of the foreign firm choosing export. The reason is that the tariff raises the input price and, hence, the rival’s marginal cost. Therefore, such a case prevails when the tariff is high enough to weaken the domestic firm but not too high that it harms the foreign firm. We feature several other interesting cases highlighting the roles of entry costs and in-house input production costs.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"73 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150472","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}
Recently, researchers worldwide have shown a significant interest in bibliometric analysis, and it has proved to be a useful and valuable tool for aggregating data on our research. Our paper aims to explore bibliometric analysis in the framework of two critical aspects of organizational management and decision-making: corporate governance and leadership. To achieve this objective, 930 articles from Elsevier’s Scopus were analyzed, utilizing VOSviewer as a bibliometric tool. Furthermore, our research not only sheds light on the current state of scholarship in these fields, but also serves as a basis for future studies aiming to deepen our understanding of how corporate governance and leadership intersect and influence organizational success and sustainability.
{"title":"Clustering Corporate Governance and Leadership. A Bibliometric Analysis","authors":"Carolina Țîmbalari, Aida Lavinia Neagoe Barbu, Mihai-Gabriel Cristian","doi":"10.2478/sbe-2024-0014","DOIUrl":"https://doi.org/10.2478/sbe-2024-0014","url":null,"abstract":"Recently, researchers worldwide have shown a significant interest in bibliometric analysis, and it has proved to be a useful and valuable tool for aggregating data on our research. Our paper aims to explore bibliometric analysis in the framework of two critical aspects of organizational management and decision-making: corporate governance and leadership. To achieve this objective, 930 articles from Elsevier’s Scopus were analyzed, utilizing VOSviewer as a bibliometric tool. Furthermore, our research not only sheds light on the current state of scholarship in these fields, but also serves as a basis for future studies aiming to deepen our understanding of how corporate governance and leadership intersect and influence organizational success and sustainability.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"49 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150500","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}
With the expansion and omnipresence of digital technologies in most aspects of human life, organizations have felt the need to implement changes. Thus, digital transformation has become imperative, with organizations having to adapt to the new standards imposed by a digitalized world. This paper analyses the digital transformation in Romanian SMEs using a methodology based on quantitative analysis of data collected through a questionnaire. The aim is to understand how these companies’ approach and implement digital transformation, as well as the impact of this process on management strategies and business models. The analysis of the quantitative research results will focus on the demographic profile of the companies, the stage of the digital transformation process, the impact on business performance, investments in digital transformation and predictive models. This work makes a significant contribution to understanding and promoting digital transformation among SMEs, providing a specific and relevant insight into the Romanian SME context.
{"title":"Digital Transformation: A quantitative analysis of Romanian SMEs","authors":"Cantemir Mihu, Mihaela Herciu","doi":"10.2478/sbe-2024-0008","DOIUrl":"https://doi.org/10.2478/sbe-2024-0008","url":null,"abstract":"With the expansion and omnipresence of digital technologies in most aspects of human life, organizations have felt the need to implement changes. Thus, digital transformation has become imperative, with organizations having to adapt to the new standards imposed by a digitalized world. This paper analyses the digital transformation in Romanian SMEs using a methodology based on quantitative analysis of data collected through a questionnaire. The aim is to understand how these companies’ approach and implement digital transformation, as well as the impact of this process on management strategies and business models. The analysis of the quantitative research results will focus on the demographic profile of the companies, the stage of the digital transformation process, the impact on business performance, investments in digital transformation and predictive models. This work makes a significant contribution to understanding and promoting digital transformation among SMEs, providing a specific and relevant insight into the Romanian SME context.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"16 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150573","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 investigates the sensitivities of Singapore’s sectoral industrial production to local and global business cycle variations using the auto-regressive distributed lag (ARDL) model in the nonlinear and asymmetric cointegration framework. By employing monthly time series data from Jan 1983 to Dec 2022 the study corroborates the commonly held view that durable industries are pro-cyclic to thelocal business cycle. However, the nature of cyclic sensitivity is different if viewed from a global perspective. Industries including pharmaceutical, computer, and motor vehicles industries flourish in both the local and global business cycle booms. Almost all industries having long-run linkages with global industrial production are also affected by global production growth in the short run. However, consistent with earlier studies for Southeast Asian countries, very few industries exhibit short-run asymmetries in their relationship with local and global business cycles. We found that incorporating long-run information also improves the forecasting ability of sectoral industrial production growth in Singapore.
{"title":"Asymmetric Effects of Local and Global Business Cycle Variations on the Sectoral Industrial Production in Singapore","authors":"Javed Iqbal","doi":"10.2478/sbe-2024-0005","DOIUrl":"https://doi.org/10.2478/sbe-2024-0005","url":null,"abstract":"This paper investigates the sensitivities of Singapore’s sectoral industrial production to local and global business cycle variations using the auto-regressive distributed lag (ARDL) model in the nonlinear and asymmetric cointegration framework. By employing monthly time series data from Jan 1983 to Dec 2022 the study corroborates the commonly held view that durable industries are pro-cyclic to thelocal business cycle. However, the nature of cyclic sensitivity is different if viewed from a global perspective. Industries including pharmaceutical, computer, and motor vehicles industries flourish in both the local and global business cycle booms. Almost all industries having long-run linkages with global industrial production are also affected by global production growth in the short run. However, consistent with earlier studies for Southeast Asian countries, very few industries exhibit short-run asymmetries in their relationship with local and global business cycles. We found that incorporating long-run information also improves the forecasting ability of sectoral industrial production growth in Singapore.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"130 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150574","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}
Ibrahim Niftiyev, Delia David, Marioara Iordan, Petru Horga
This study evaluates the economic performance of plastics manufacturers in European regions (e.g., Western, Southern, Central and Eastern Europe, and the Baltic States) between 2017 and 2020 based on data from 3,372 companies using multivariate correspondence analysis (MCA) and Welch’s test. They were analyzed according to the indicators of profitability, sales (or turnover), employment, and total assets. The results of MCA show that Central and Eastern European companies are absolute leaders in terms of profitability. While Southern European companies have the highest total assets, their sales and profitability are lower compared to other regions. We found that Western European companies lead in terms of turnover and that the Baltic region is roughly on par with Central and Eastern European countries in terms of profitability and employment. These differences were also tested using the pairwise Welch’s test, which revealed highly statistically significant differences, especially in turnover and total assets. The results also show that profitability levels are similar regardless of company size, while sales and total assets are significantly different across European regions. These findings on plastics manufacturers in different European regions are crucial to help policymakers and industry leaders make informed decisions to address economic performance, investment and environmental concerns, and to develop sustainable solutions for the plastics industry.
{"title":"A Multivariate Performance Analysis of the Plastics Manufacturers: Comparative Analysis of European Regions","authors":"Ibrahim Niftiyev, Delia David, Marioara Iordan, Petru Horga","doi":"10.2478/sbe-2024-0009","DOIUrl":"https://doi.org/10.2478/sbe-2024-0009","url":null,"abstract":"This study evaluates the economic performance of plastics manufacturers in European regions (e.g., Western, Southern, Central and Eastern Europe, and the Baltic States) between 2017 and 2020 based on data from 3,372 companies using multivariate correspondence analysis (MCA) and Welch’s test. They were analyzed according to the indicators of profitability, sales (or turnover), employment, and total assets. The results of MCA show that Central and Eastern European companies are absolute leaders in terms of profitability. While Southern European companies have the highest total assets, their sales and profitability are lower compared to other regions. We found that Western European companies lead in terms of turnover and that the Baltic region is roughly on par with Central and Eastern European countries in terms of profitability and employment. These differences were also tested using the pairwise Welch’s test, which revealed highly statistically significant differences, especially in turnover and total assets. The results also show that profitability levels are similar regardless of company size, while sales and total assets are significantly different across European regions. These findings on plastics manufacturers in different European regions are crucial to help policymakers and industry leaders make informed decisions to address economic performance, investment and environmental concerns, and to develop sustainable solutions for the plastics industry.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"219 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150471","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}
Currently, the emphasis is placed on sustainability, requiring economies to continuously innovate, demonstrating their competence for eco-innovation. This form of innovation is a key concept in today’s world, providing innovative and sustainable solutions to environmental challenges, expecting a high level of education. Thus, this paper aims to explore the relationship between eco-innovation and higher education within the member states of the European Union, concentraiting on the quantitative analysis of the impact of higher education on eco-innovation development in these countries. Applying regression analysis, the eco-innovation index and the level of education in EU countries will be inspected to establish any significant correlation between these two variables. Following the analysis, the collected data involved in the regression method will reveal possible interrelationships and significant influences between the level of education and the degree of eco-innovation development in the member countries of the EU. Conclusively, the research proposes to highlight the influence of higher education in the development of eco-innovation within the European Union. The suggested quantitative analysis could lead to a better understanding of the association between higher education and eco-innovation, revealing the potential that the education sector has in promoting sustainability and a green future for European Union.
{"title":"Eco-Innovation and Higher Education in the European Union: Exploring the Green Interconnection","authors":"Louisa-Maria Bucur","doi":"10.2478/sbe-2024-0003","DOIUrl":"https://doi.org/10.2478/sbe-2024-0003","url":null,"abstract":"Currently, the emphasis is placed on sustainability, requiring economies to continuously innovate, demonstrating their competence for eco-innovation. This form of innovation is a key concept in today’s world, providing innovative and sustainable solutions to environmental challenges, expecting a high level of education. Thus, this paper aims to explore the relationship between eco-innovation and higher education within the member states of the European Union, concentraiting on the quantitative analysis of the impact of higher education on eco-innovation development in these countries. Applying regression analysis, the eco-innovation index and the level of education in EU countries will be inspected to establish any significant correlation between these two variables. Following the analysis, the collected data involved in the regression method will reveal possible interrelationships and significant influences between the level of education and the degree of eco-innovation development in the member countries of the EU. Conclusively, the research proposes to highlight the influence of higher education in the development of eco-innovation within the European Union. The suggested quantitative analysis could lead to a better understanding of the association between higher education and eco-innovation, revealing the potential that the education sector has in promoting sustainability and a green future for European Union.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"33 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150498","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}
Tourism represents one of the sectors with the highest growth, and the upward trend of evolution implies the anticipation and adaptation to the changes in travel behavior. Currently, young travelers represent an important segment of the global tourism market. Generation Z decision-making processes are influenced both by the specific characteristics of the generation and by their travel habits. The travel motivations of the first generation born in the age of technology include socializing, acquiring unique experiences along with eco-friendly vacation options. During a trip, Generation Z visits museums, attends cultural or sports events and documents their choices by following travel influencers or social media posts. In these conditions, the paper aims to analyze the characteristics of the generation Z travel behavior and their perception of the future of travel. To achieve this objective, there will be a theoretical approach of generation Z coupled with secondary data analyses that will highlight the way young travelers organize their vacation.
旅游业是增长最快的行业之一，其发展的上升趋势意味着对旅游行为变化的预测和适应。目前，年轻游客是全球旅游市场的重要组成部分。Z 世代的决策过程既受其自身特点的影响，也受其旅游习惯的影响。出生在科技时代的第一代人的旅游动机包括社交、获得独特体验以及环保度假选择。在旅行过程中，Z 世代会参观博物馆、参加文化或体育活动，并通过关注旅行影响者或社交媒体帖子来记录他们的选择。在这种情况下，本文旨在分析 Z 世代旅游行为的特点以及他们对未来旅游的看法。为了实现这一目标，本文将采用 Z 世代的理论方法，并结合二手数据分析，重点介绍年轻旅行者组织假期的方式。
{"title":"Exploring the Generation Z Travel Trends and Behavior","authors":"Roxana Elena Popşa","doi":"10.2478/sbe-2024-0010","DOIUrl":"https://doi.org/10.2478/sbe-2024-0010","url":null,"abstract":"Tourism represents one of the sectors with the highest growth, and the upward trend of evolution implies the anticipation and adaptation to the changes in travel behavior. Currently, young travelers represent an important segment of the global tourism market. Generation Z decision-making processes are influenced both by the specific characteristics of the generation and by their travel habits. The travel motivations of the first generation born in the age of technology include socializing, acquiring unique experiences along with eco-friendly vacation options. During a trip, Generation Z visits museums, attends cultural or sports events and documents their choices by following travel influencers or social media posts. In these conditions, the paper aims to analyze the characteristics of the generation Z travel behavior and their perception of the future of travel. To achieve this objective, there will be a theoretical approach of generation Z coupled with secondary data analyses that will highlight the way young travelers organize their vacation.","PeriodicalId":43310,"journal":{"name":"Studies in Business and Economics","volume":"39 1","pages":""},"PeriodicalIF":0.6,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141150603","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：