South East European Journal of Economics and Business最新文献

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The Mediating Role of Burnout Syndrome in Toxic Leadership and Job Satisfaction in Organizations 职业倦怠症候群在组织有毒领导与工作满意度中的中介作用
IF 1
South East European Journal of Economics and Business Pub Date : 2022-12-01 DOI: 10.2478/jeb-2022-0011
Olkan Budak, Nurgül Erdal
{"title":"The Mediating Role of Burnout Syndrome in Toxic Leadership and Job Satisfaction in Organizations","authors":"Olkan Budak, Nurgül Erdal","doi":"10.2478/jeb-2022-0011","DOIUrl":"https://doi.org/10.2478/jeb-2022-0011","url":null,"abstract":"Abstract Today, leaders who contribute positively to businesses, as well as leaders who contribute negatively to businesses are increasing day by day. This study was conducted to investigate the mediating effect of burnout syndrome (BS) on toxic leadership (TL) and job satisfaction (JS) in businesses. The results of the SEM analysis, using a sample of 412 participants working in public hospitals in the Marmara region of Turkey in İstanbul, show that toxic leadership (TL) has negative effects on burnout syndrome (BS) and job satisfaction (JS). Although there are studies investigating the direct effect of toxic leadership on job satisfaction, there are limited data testing the burnout syndrome subcomponents on the effect of toxic leadership on job satisfaction. This research is critical in showing the mediating role of personal achievement burnout (PRS_Scc) dimension in the effect of toxic leadership (TL) on job satisfaction (JS) sub-components.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"1 - 17"},"PeriodicalIF":1.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48455561","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}
引用次数: 5
The Nexus of Financial Development and Economic Growth Across Developing Economies 发展中经济体金融发展与经济增长的关系
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0009
H. Aydin Okuyan
{"title":"The Nexus of Financial Development and Economic Growth Across Developing Economies","authors":"H. Aydin Okuyan","doi":"10.2478/jeb-2022-0009","DOIUrl":"https://doi.org/10.2478/jeb-2022-0009","url":null,"abstract":"Abstract The relationship between financial development and economic growth has been discussed in the literature, but there is no consensus on it. This study aims to examine the relationship between financial development and economic growth in terms of developing countries. The data of 19 developing countries were analyzed individually in an attempt to reveal which of the views explaining the relationship between financial development and economic growth is predominantly valid. In the analysis, the bounds test developed by Pesaran et al. (2001) was used to determine the cointegration relationship, and the Toda Yamamoto causality test (1995) was used to determine the causality relationship. As a result, causality was determined from economic growth to financial development in four countries and from financial development to economic growth in four countries. In 11 countries, no causality was found. The results support the view that no approach is valid for every country.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"125 - 140"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48698312","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}
引用次数: 3
Are Two Heads Really Better than one in Intra-Household Financial Management? Evidence on the Financial Behaviour of Couples in Poland 家庭内部理财,两个臭皮匠真的比一个诸葛亮吗?关于波兰夫妻财务行为的证据
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0007
A. Cwynar
{"title":"Are Two Heads Really Better than one in Intra-Household Financial Management? Evidence on the Financial Behaviour of Couples in Poland","authors":"A. Cwynar","doi":"10.2478/jeb-2022-0007","DOIUrl":"https://doi.org/10.2478/jeb-2022-0007","url":null,"abstract":"Abstract Research shows that involvement in intra-household financial management fosters the development of financial literacy and sound financial behaviour. However, little is known about how different intra-couple financial management styles (sole versus joint management) affect the way consumers act when confronted with typical financial matters. Using a simple classifier allowing to distinguish households in which both partners undertake financial activity from those in which only one partner is involved in managing household finances, we applied statistical tests of significant differences and multiple linear regression models to determine whether the financial behaviour of joint participants is distinct from that of sole participants in Poland. Mann-Whitney U test showed that significant differences exist in credit management behaviour, with individuals who share participation performing better behaviour in this domain compared to sole managers. Credit management also appears to be the most problematic domain of household financial management where undesirable behaviour is the most likely. However, closer inspection with linear regression revealed that these differences can be attributed to socio-demographic variables such as age, place of residence, income, and number of dependent children.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"95 - 110"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48565937","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}
引用次数: 0
Measuring Concentration and Efficiency in Bosnia and Herzegovina Banking Sector using Dynamic Panel Model 用动态面板模型衡量波斯尼亚和黑塞哥维那银行业的集中度和效率
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0002
Mladen Rebić, Slađana Paunović, B. Popović
{"title":"Measuring Concentration and Efficiency in Bosnia and Herzegovina Banking Sector using Dynamic Panel Model","authors":"Mladen Rebić, Slađana Paunović, B. Popović","doi":"10.2478/jeb-2022-0002","DOIUrl":"https://doi.org/10.2478/jeb-2022-0002","url":null,"abstract":"Abstract This paper seeks to examine the determinants of the profitability of the B&H banking sector, using an empirical framework that incorporates the traditional SCP - structure conduct-performance and ESX efficiency hypothesis. The main goal of this paper is to measure the level of concentration and investigate how concentration and other determinants influence the profitability of the banking sector in Bosnia and Herzegovina for the period from 2008 to 2017. We also tried to determine whether the profitability of the banking sector is more contributed by concentration, i.e. enlargement of the banking market (SCP) rather than increased efficiency of banking organization (ESX). For this purpose, we use a sample of 26 banks from B&H, and our empirical research is based on panel data analysis. The performance of the banking sector is measured by the conventional return on assets (ROA). Besides concentration as a main industry-specific factor, profitability determinants include bank-specific and macroeconomic profitability factors. Obtained results reveal that concentration has positive impacts on B&H banking profitability. But when we talk about competing concentration hypotheses, the paper results here generally support the ESX efficiency hypothesis rather than the traditional SCP approach. It was confirmed that credit risk, deposit risk and cost to income ratio from bank-specific variables, and GDP growth rate from macroeconomic variables have a statistically significant influence on banking performance.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"14 - 29"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46272704","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}
引用次数: 0
Institutions and Foreign Direct Investment: What Role for Investment Policy in Southeast Europe? 制度与外国直接投资:投资政策在东南欧扮演什么角色?
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0003
Sabina Silajdzic, Eldin Mehic
{"title":"Institutions and Foreign Direct Investment: What Role for Investment Policy in Southeast Europe?","authors":"Sabina Silajdzic, Eldin Mehic","doi":"10.2478/jeb-2022-0003","DOIUrl":"https://doi.org/10.2478/jeb-2022-0003","url":null,"abstract":"Abstract Institutions are generally perceived as an important determinant of Foreign Direct Investment (FDI). Which institutions matter and why for FDI, remains however one of prominent questions in public policy debate amid complexities related to different institutional dimensions, and incomplete or even vague understanding of underlying mechanism(s) at work. In this paper we account for these ambiguities, and focus on institutions that reveal government efforts to design proper institutional and policy framework to attract FDI, as opposed to considering institutions in broader sense. Specifically, we contribute to FDI policy debate by analysing the impact of institutions measuring Investment policy and promotion on inward FDI flows in South East Europe (SEE). To this end we use a unique dataset that is comprised of specific, FDI related institutional indicators developed and published by the OECD. The results of this empirical investigation deeper our understanding on whether differences in FDI policies and institutional set-up across South East European (SEE) countries explain variations in inward FDI flows relaying on bilateral FDI flows and the gravity modelling technique. We bring novel evidence that investment policy efforts seemingly do pay off, highlighting the importance of progress and reforms embodied not only in FDI regulation, but also in FDI policy variables including FDI Promotion and Facilitation, Transparency, Privatisation policy and Public Private Partnership in attracting FDI in SEE. The analysed institutional effect properly accounts for the possible time-variant and context-dependant effect of institutions. The suggested importance of FDI policy variables seem valuable in terms of general FDI policy issues and trade-offs.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"30 - 53"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46663681","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}
引用次数: 1
Long-Term Relationships Between Mutual Funds and Equity Market 共同基金与股票市场的长期关系
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0010
Aleksandra Matuszewska-Janica, D. Żebrowska-Suchodolska
{"title":"Long-Term Relationships Between Mutual Funds and Equity Market","authors":"Aleksandra Matuszewska-Janica, D. Żebrowska-Suchodolska","doi":"10.2478/jeb-2022-0010","DOIUrl":"https://doi.org/10.2478/jeb-2022-0010","url":null,"abstract":"Abstract Investment funds are an attractive form of investment, especially for those investors who do not want to invest on their own, but rather entrust their funds to professional managers. However, the question arises as to whether the fund managers can diversify the asset portfolio, or whether it is only a passive investment policy that largely imitates the stock market index. In this context, it becomes important to examine the long-term relationships between open-ended equity funds and the funds’ benchmarks (stock exchange indices). This study analyses series of weekly quotations for 15 FIOs and 4 indices of the Warsaw Stock Exchange (WSE) from 2004 to 2021. The Johansen method was used as the main tool. The results indicate a lack of long-term relationships between the quotations of the selected indices and the valuation of the vast majority of funds. This result may be due to the analysis covering quite a long period in which the stock exchange situation changed more than once. In the long-term, this may result in disturbances of the long-term balance to such an extent that the relation can no longer return to its long-term path, so the vast majority of the analysed funds do not follow the indices (their benchmarks). This observation can apply to both developed and emerging capital markets.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"141 - 153"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45885359","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}
引用次数: 0
Economic and Political Drivers of Remittance Transfer 汇款转移的经济和政治驱动力
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0004
Nayef Alshammari, Reyadh Faras, Wael Alshuwaiee
{"title":"Economic and Political Drivers of Remittance Transfer","authors":"Nayef Alshammari, Reyadh Faras, Wael Alshuwaiee","doi":"10.2478/jeb-2022-0004","DOIUrl":"https://doi.org/10.2478/jeb-2022-0004","url":null,"abstract":"Abstract This paper explores the political and economic determinants of remittance transfers by foreign workers in hosting countries with an application to the case of the Gulf Cooperation Council (GCC) countries. Our empirical model is estimated with the fixed-effects technique applied on annual data covering the period 1996-2019. The main result confirms that both the economic and political stability do matter to remittance transfers. First, our findings suggest that higher per capita growth across the GCC region tends to discourage remittance transfers. Second, we find a statistically significant and positive relationship between oil prices and remittance transfers. Third, our findings show that political stability across the host countries can shape remittances. Put it simply, higher political stability tends to induce lower remittance outflows. While conventional findings on importance of economic factors for remittances are confirmed, this research signifies that any change in political stability across the GCC might affect decisions made by foreign workers. This finding has general implications for similar regions throughout the world suggesting that political stability has a strong effect on the flow of remittances.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"54 - 67"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43203782","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}
引用次数: 0
How the Contagion is Transmitted to the Macedonian Stock Market? an Analysis of Co-Exceedances 危机是如何传染到马其顿股市的?共同超越的分析
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0001
Artan Sulejmani, Dragan Tevdovski
{"title":"How the Contagion is Transmitted to the Macedonian Stock Market? an Analysis of Co-Exceedances","authors":"Artan Sulejmani, Dragan Tevdovski","doi":"10.2478/jeb-2022-0001","DOIUrl":"https://doi.org/10.2478/jeb-2022-0001","url":null,"abstract":"Abstract The aim of the paper is to analyze the transmission of shocks from selected developed and Southeastern European stock markets to the stock market of North Macedonia. Using the Bae, Karolyi, and Stulz (2003) co-exceedance methodology, we find that the probability of contagion from the stock markets of United States, Serbia and Bosnia and Herzegovina to the Macedonian stock market increased during the Global Financial Crisis. Regarding the asset classes, we show that contagion is positively associated with the volatility of Eurostoxx50 index, while negatively with the return of the euro dollar exchange rate and the yield of the 10-year US Treasury Note. The results have important implications for portfolio diversification and the asset allocation decisions of investors.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"1 - 13"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47316867","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}
引用次数: 0
The Effects of Budget Transparency on the Budget Balances and Expenditures of Croatian Local Governments 预算透明度对克罗地亚地方政府预算平衡和支出的影响
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0008
Mihaela Bronić, B. Stanić, Simona Prijaković
{"title":"The Effects of Budget Transparency on the Budget Balances and Expenditures of Croatian Local Governments","authors":"Mihaela Bronić, B. Stanić, Simona Prijaković","doi":"10.2478/jeb-2022-0008","DOIUrl":"https://doi.org/10.2478/jeb-2022-0008","url":null,"abstract":"Abstract The purpose of this paper is to find out whether budget transparency (BT) allows for better control over public finances, especially in pre-election periods. Thus we investigate the impact of BT, i.e., the digital availability of five key budget documents, on the budget balances and expenditures of all 556 Croatian local governments (LGs) over the 2014-2019 period. The dynamic panel data analysis with several control variables shows that higher BT tends to increase expenditures and the probability of achieving deficits, especially in poorer LGs. Improved BT increases electorates’ confidence, making public goods and services more interesting to voters, ultimately increasing public expenditures. However, we found that BT limits political budget cycles (PBCs), i.e., ‘opportunistic’ expenditures and deficits in the pre-election period.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"111 - 124"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46153738","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}
引用次数: 1
Internationalisation-Localisation Debate in Case of Croatian Exporters’ Intangible-Tangible Asset Investment 克罗地亚出口商无形资产投资的国际化与本土化之争
IF 1
South East European Journal of Economics and Business Pub Date : 2022-06-01 DOI: 10.2478/jeb-2022-0005
Maja Bašić
{"title":"Internationalisation-Localisation Debate in Case of Croatian Exporters’ Intangible-Tangible Asset Investment","authors":"Maja Bašić","doi":"10.2478/jeb-2022-0005","DOIUrl":"https://doi.org/10.2478/jeb-2022-0005","url":null,"abstract":"Abstract This study analyses the role of investment in intangible and tangible fixed assets on firm internationalisation pace. Financial microdata of the largest 300 Croatian exporters for the period 2006-2015 were examined by system dynamic panel GMM. Results illustrate that investments in intangible assets significantly and positively increase export growth but not domestic revenue growth. The study also analysed differences in internationalisation and localisation growth depending on investments in intangible and tangible fixed assets. Investments in intangible assets positively affect firm internationalisation growth, while an increase in intangible assets negatively affects localisation growth. Significance of this study is twofold. Firstly, it provides evidence of the importance of investments in intangible assets for export growth and internationalisation growth. Secondly, it shows that investments in intangible assets are more important that investments in fixed assets, thereby providing practical implication for firms aiming to increase the pace of their international expansion.","PeriodicalId":43828,"journal":{"name":"South East European Journal of Economics and Business","volume":"17 1","pages":"68 - 78"},"PeriodicalIF":1.0,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46182677","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}
引用次数: 1
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