WSEAS Transactions on Business and Economics最新文献

{"title":"Factors Affecting Eco-Innovations in the European Union","authors":"Marcin Relich","doi":"10.37394/23207.2023.20.220","DOIUrl":"https://doi.org/10.37394/23207.2023.20.220","url":null,"abstract":"Environmental concerns and challenges are constantly increasing in recent years. These challenges affect the national economies of many countries and business strategies in companies. Environmental regulations and greater awareness of consumers in the aspect of environmental concerns force companies to develop products that can reduce harmful environmental effects. This paper is concerned with investigating the importance of factors affecting environmental innovation in the European Union (EU), and the environmental benefits obtained during the consumption or use of innovative products. Moreover, this study presents the difference in assessing the importance of factors related to introducing environmental innovations by the EU innovative and non-innovative enterprises.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139264916","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}

{"title":"Economic Effects of Free Trade Zones based on Panel Data and Synthetic Control Methods","authors":"Qianwei Tan","doi":"10.37394/23207.2023.20.213","DOIUrl":"https://doi.org/10.37394/23207.2023.20.213","url":null,"abstract":"To analyze the impact of the establishment of FTZs on economic growth, the study quantitatively evaluates the economic effects of FTZs through the synthetic control method, taking Fujian FTZs as the unit of policy intervention, and combining the panel data with the placebo test method. The mechanism of economic growth effect of the establishment of FTZ is analyzed through the mechanism of mediating effect. The results show that the estimation results of the research method are better and more robust. The difference between the true and composite values of the control variable is relatively small, with the true and composite values of openness being 15.9226 and 15.4561, respectively, with a difference of 0.4665. In 2015, the difference in GDP between Fujian Province and synthetic Fujian Province reached 0.1, and the difference has significantly increased thereafter. After adding control variables, the trend of this difference over the years is consistent with that before adding control variables, i.e., the establishment of FTZ in Fujian Province can significantly promote economic growth. There is a 1/26 probability that other provinces and cities can obtain the same policy effect as Fujian Province. Compared to other synthesized results, the maximum root mean square error ratio in Fujian Province is 6.0, which is 2.8 higher than that in Jiangsu Province, indicating the maximum processing effect. Among them, the root-mean-square error ratios of Shandong Province and Chongqing Municipality are 2.2 and 2.3, respectively, while the root-mean-square error ratio of Fujian Province is 6.0. The research method can effectively analyze the economic effects of FTZ in Fujian Province and deepen the comprehensive understanding of the economic effects of FTZ.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"123 47","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135138174","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}

{"title":"The Performance Evaluation Model of Financial Special Rural Revitalization Funds from the Perspective of the Digital Economy","authors":"Tianyu Zhou","doi":"10.37394/23207.2023.20.214","DOIUrl":"https://doi.org/10.37394/23207.2023.20.214","url":null,"abstract":"Digital village is the strategic direction of rural revitalization, and also an important part of building a digital China. At present, the construction of digital countryside is advancing, and a reasonable evaluation of the results of rural revitalization can effectively evaluate the use of funds. Therefore, in this study, firstly, based on the economic, social, and ecological perspectives, the fund performance evaluation index system of rural revitalization is constructed. Secondly, the correlation analysis method is used to select the evaluation index, and the combined weight method is employed to obtain the weight of the evaluation index. Finally, according to the extension cloud theory, the performance evaluation model of targeted poverty alleviation is implemented, and an empirical study is conducted on the performance evaluation of S Province with excellent rural revitalization. The results reveal that the income growth rate of the poor population, the incidence of rural poverty, and the rate of good air quality are the most vital indicators, with weights of 0.094, 0.092, and 0.07 respectively. From 2015 to 2021, S Province maintained a high level of environmental performance, while its economic performance and social performance needed to be further improved. The fund performance of rural revitalization experienced four levels: average, medium, good, and excellent, and showed a reverse trend in 2018 and 2021. This study makes a quantitative and qualitative evaluation of rural revitalization by using the extension cloud theory, which provides a reference for the effective use of special funds, and also provides a sufficient scientific basis for the macroeconomic layout.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"118 36","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135136854","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}

{"title":"Personalization of Banking Products (Services) using Digitalization Technologies","authors":"Vitalii Rysin, Olha Prokopenko, Oleksii Muravskyi, Ruslan Pechenko, Nataliіa Holiachuk, Andrii Zinchenko","doi":"10.37394/23207.2023.20.216","DOIUrl":"https://doi.org/10.37394/23207.2023.20.216","url":null,"abstract":"The aim of the article was to build and test a potential assessment model using digitalization technologies for the personalization of banking products. The methods of graphic modeling, and expert survey were used in the research. The experience and specifics of using digital tools were analyzed, and the appropriateness of their application in bank practice was determined using the example of a Ukrainian bank. The potential of implementing specific technological solutions for the personalization of banking products (services) in the practice of the analyzed bank is determined. The Markowitz Model was applied for the allocation of the investment budget for the implementation of digital technologies with the purpose of improving the personalization of banking products (services). It was shown how the practical implementation of digital technologies and digitization tools will contribute to the growth of the competitiveness of this bank in the highly competitive market of banking products through the personalization of the client experience. Prospects for further research include the identification and structuring of digital tools that can be applied to specific expected personalized experiences.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"118 20","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135136867","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}

{"title":"Effect of Succession Planning Strategies on the Sustainability of Family Businesses in Nigeria","authors":"Awogbemi Johnson Ayoola, Hauwa Lamino Abubakar, May Ifeoma Nwoye, Cross Ogohi Daniel","doi":"10.37394/23207.2023.20.215","DOIUrl":"https://doi.org/10.37394/23207.2023.20.215","url":null,"abstract":"The study is a descriptive survey designed to investigate the effect of succession planning strategies on the sustainability of family businesses in Nigeria, using mentoring, training, job rotation, coaching, talent management, and internship as proxies of succession planning. The population of the study consists of 79,460 small businesses in 36 states of Nigeria and the Federal Capital Territory as captured in the database of small and medium enterprises in Nigeria. Multi-stage cluster sampling technique was used to determine the sample and the Taro Yamani formula for calculating sample size was used to arrive at the sample size of 390 small businesses. To provide for anticipated “no response”, a 5-scale Likert questionnaire for data collection was administered to 443 representatives of small businesses across the six geo-political zones of Nigeria, out of which 435 (98.2%) returned validly. The data collected was analyzed using frequencies, percentages, means, correlation, and multiple regression model coefficients to determine the effect of succession strategies on the sustainability of family businesses. 84.4% of the family businesses sampled say they engaged in succession planning, and 22.1% had a written succession plan. Results of analyzing data from the study indicate that mentoring, training, job rotation, coaching, talent management, and internship as succession planning strategies are positively correlated to the sustainability of family businesses in Nigeria with statistical significance. This is corroborated by the F-test result with the F calculated value of 202.5 and p-value 0.000 larger than the 2.01 critical F at 0.05 level of significance, implying that a significant joint impact of all the independent variables exists on the dependent variable sustainability. Further, the multiple linear regression model analysis at a five percent level of significance shows an R-squared of 0.802 which indicates that 80.2% variation in sustainability is attributed to all the independent variables. Consequently, the six hypotheses for the study were rejected as the findings of the study show a statistically significant effect of the succession planning strategies investigated on the sustainability of family businesses in Nigeria. The researcher concludes that effective succession planning will enhance the sustainability of family businesses potentially. The researcher recommends that founders, owners, and managers of family businesses in Nigeria should adopt effective succession planning strategies, with a written plan to make their business sustainable beyond their retirement or death.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"118 48","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135137010","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}

{"title":"Research on a SaaS (Software as a Service)-based Digital Product Passport System Model for the EV Battery Industry Value Chain","authors":"Jinyoub Kim, Jisang Moon, Yeji Do, Hayul Kim, Jongpil Jeong","doi":"10.37394/23207.2023.20.211","DOIUrl":"https://doi.org/10.37394/23207.2023.20.211","url":null,"abstract":"A notion for a policy tool that is particularly supported in policy circles to support the circular economy is the digital product passport (DPP). To lay the groundwork for more circular products, the basic design of a DPP should primarily comprise product-related data gathered by manufacturers. This study aimed to look into the design options for a DPP system and how these options for a DPP system and how these options could help players in the EV battery market given the absence of scientific debate surrounding DPP. With a focus on the role of stakeholders, it does so while introducing the idea of DPP and outlining the current system of legal and voluntary product information instruments. These preliminary results are incorporated into an examination of the possible advantages of DPPs that is actor centered. Through desk research and stakeholder workshops, data is produced. We discovered a significant need for more research, in particular, by examining the function of the DPP system for various actors. These issues include how to reduce red tape and increase incentives for manufacturers to provide specific information, how pertinent data can be compiled, what data collection tools (such as databases), and to which stakeholder groups these data are made available. To give DPPs better policy direction, other researchers might be able to fill the research gaps identified in this work.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"22 5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135868254","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}

{"title":"Production Diversification as a Tool for Agricultural Risk Management: The Case of Northern Kazakhstan","authors":"Talgat Kussaiynov, Gulnara Mussina, Sandugash Tokenova, Saltanat Mambetova","doi":"10.37394/23207.2023.20.210","DOIUrl":"https://doi.org/10.37394/23207.2023.20.210","url":null,"abstract":"This paper addresses the impacts of degree of risk aversion on optimal farm plans in Kazakh agriculture. The results obtained during the field research in the region of Northern Kazakhstan are presented. Calculations were carried out using data from 145 peasant farms in the region for 2017-2022 based on a risk model. It has been found that the choice of a portfolio is influenced not only by considerations of profitability and riskiness of crops, but also by grain production traditions deeply rooted among the farmers of the region, and the skills and knowledge associated with them, as well as the existing infrastructure. These circumstances constrain the wider spread of oilseed crops in the region. It seems that the size of the farm does not significantly affect the choice of portfolio, while the degree of risk aversion by the farmer affects the optimal farming plan. The potential benefits of the farming diversification are an empirical issue, and it should be addressed on a case-by-case basis. The question is to choose the utility function and its parameters that most accurately reflect the preferences of a particular farmer, the authors conclude.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135868418","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}

{"title":"Impact of Price Indexes on Stock Market Prices of Banks in Financial Crises","authors":"Nursel Selver Ruzgar","doi":"10.37394/23207.2023.20.209","DOIUrl":"https://doi.org/10.37394/23207.2023.20.209","url":null,"abstract":"During times of crises, stock markets often experience heightened volatility, and the banking sector is particularly susceptible. This study aims to investigate the impact of index values on the daily closing prices of five banks during five major financial crises in recent decades, using logistic regression analyses. The results show that in five crisis periods, different indexes have a significant impact on the daily stock price of banks. Although there is no pattern found for different crisis periods because each bank has different investment instruments, the index, ind38- CFMRC (VWI) Over $2, seems to have a highly significant impact on the crisis periods I-IV and ind37- CFMRC (DEWI) Over $2 plays a significant role in predicting the outcomes. The findings indicate that banks should give particular focus to their investment instruments, particularly value-weighted indexes (VWI) over $2 and equal-weighted indexes (DEWI) over $2 when any indications of a crisis arise. This is crucial because these index values influence the daily closing prices of banks and could potentially contribute to economic crises. Moreover, larger banks are more sensitive to changes in the index values than smaller banks, attributed to variations in their investment amounts.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"23 6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135868243","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}

{"title":"Cultural Influence on Brand Personality Preferences: Individualists Prefer Sophisticated and Competent Brands while Collectivists Prefer Sincere Brands","authors":"Mirdaim Axhami, Loreta Axhami","doi":"10.37394/23207.2023.20.212","DOIUrl":"https://doi.org/10.37394/23207.2023.20.212","url":null,"abstract":"In this research, we examine the extent to which culture influences brand personality preference, based on specific personality dimensions. This research focuses on two main group-level cultures: individualists and collectivists. We introduce and examine the variations in preferences of Sincere, Competent, and Sophisticated brand personalities and how cultural orientations influence brand personality preference. Based on previous literature, we suggest that consumers in collectivistic countries show a higher preference for brands with Sincere personalities. Moreover, we suggest that consumers in individualistic countries show a higher preference for brands with competent and sophisticated personalities. We also suggest that the mechanism underlying these effects is the perceived symbolic meaning of the brand. This effect is moderated by the cultural background (collectivistic vs. individualistic) of the consumer. This research contributes to the literature on brand personality traits, brand symbolic meaning, and cultural orientations. We discuss implications for marketers for global marketing strategies.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"25 14","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135868594","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}

{"title":"The Importance of Discriminant Metrics in Efficiency Analysis","authors":"Kelly Patricia Murillo","doi":"10.37394/23207.2023.20.208","DOIUrl":"https://doi.org/10.37394/23207.2023.20.208","url":null,"abstract":"In this article, a non-parametric deterministic method that combines efficiency models with mathematical techniques to examine decision units is applied. In order to better understand the calculated efficiencies, characterize and identify possible improvements in less efficient units, four discrimination metrics are proposed. The metrics are determined by how the efficiency index is calculated. The metric that best represents data and allows for more detailed analysis of results is taken as a reference to build a new metric with a more complete structure. The latter allows a general characterization of the decision unit in the context studied. The methodology presented in this study is discussed through an empirical application, which allows examining the efficiency of European countries in production sectors.","PeriodicalId":39427,"journal":{"name":"WSEAS Transactions on Business and Economics","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136261575","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}