Journal of Entrepreneurship Management and Innovation最新文献

{"title":"Technological innovation and the labor market: The two-way non-reciprocal relationships with a focus on the confectionery industry in Poland","authors":"Katarzyna Piwowar‐Sulej, Krzysztof Podsiadły","doi":"10.7341/20221835","DOIUrl":"https://doi.org/10.7341/20221835","url":null,"abstract":"PURPOSE: The theoretical aim of this study is to explore the nature of the “technological innovation–labor market” relationships presented recently in the literature, based on publications indexed in the Scopus and Web of Science databases. The empirical purpose is to examine these relationships in companies operating in the confectionery industry in Poland. METHODOLOGY: Literature studies, as well as a mixed-method empirical research approach, were used, including an online survey of engineers working in the confectionery industry and the case study method (with interviews and observation). FINDINGS: Publications from the past eleven years have covered the problems of the analyzed relationship but have not taken into consideration the market in Poland or the confectionery industry. More often than the classic literature, these publications present different relationships, not focusing mainly on the issue of unemployment resulting from technological innovation. Meanwhile, empirical studies show that the analyzed relationships are non-reciprocal. Fifty percent of the employees surveyed indicated that implementing technological innovations results in job losses. The remaining respondents were convinced that technological innovation has a neutral quantitative impact on the internal labor market. We identified that technological innovations have an impact on the labor market (both internal and external) more often than changes in the labor market affecting innovations, and that this impact is rather negative. Moreover, empirical research shows that technological innovations are positively connected with qualitative changes in the internal labor market. IMPLICATIONS: This study emphasizes the need for lifelong learning among employees and for a field for development at educational institutions. It should also draw the attention of top managers to the skills that their employees have now and should have in the future. ORIGINALITY AND VALUE: The paper presents an original typology of the relationships between technological innovation and the labor market, which can serve as the basis for further development and qualitative or quantitative research. The paper also presents pioneering research because previous studies were not based on a complex framework, including different kinds of impacts (from negative through neutral to positive), treating the labor market and technological innovations relative to each other as dependent or independent variables, or highlighting two types of labor market.","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86700756","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 mediating effect of the budget process on the performance of small- and medium-sized enterprises in Ho Chi Minh City, Vietnam","authors":"Vuong Khanh Tuan, P. Rajagopal","doi":"10.7341/20221813","DOIUrl":"https://doi.org/10.7341/20221813","url":null,"abstract":"PURPOSE: The purpose of this study is to aid the small- and medium-sized enterprise (SME) sector in Ho Chi Minh City (HCMC), resulting in enhancement, improved management performance, and sustainability in adopting beneficial competitive practices aligned to the new era. The study was conducted to determine the key managerial factors that affect the performance of Vietnamese SMEs. We analyzed factors like business planning, organizational commitment, strategy implementation, and managerial control, adopting the budget process as the mediating factor, as it was determined to positively affect SME performance. METHODOLOGY: In the pilot study, we collected 105 samples using the convenience technique and analyzed the results to examine and validate the reliability of the research instrument. A quantitative approach was used in the pilot study, which tested for reliability using Cronbach’s alpha and exploratory factor analysis (EFA) with the software IBM SPSS 20.0. The real study was conducted using quantitative analysis, where the randomization technique was applied to 403 suitable samples. A full quantity of data was tested using Cronbach’s alpha, confirmatory factor analysis (CFA), and EFA. Structural equation modelling (SEM) was used to test both the conceptual framework and the hypothesis of the real study. This study was conducted from October 2016 to June 2020. FINDINGS: Analysis of SMEs identified the mediating factor, budget process, as having a significant effect on the dependent factor, SME performance. Regarding the total effect on SME performance, among four independent variables, the factor with the highest positive total effect on SME performance was strategy implementation. The second highest positive total effect on SME performance was organizational commitment; the third highest positive total effect was business planning; and the fourth was managerial control. Therefore, it can be concluded that when SME managers change these key factors, they will change the level of performance for their enterprises. IMPLICATIONS: This research provides insight into the performance management of SMEs and how managerial factors affect the level of this performance management. In the results of study, the following key factors have been identified: strategy implementation, organizational commitment, business planning, managerial control, and the mediating role of the budget process. These independent variables have significant total effects on SME performance, and the theory’s implication builds on performance management to contribute to the field of management. This research model can be applied to management practices to restructure, innovate, and improve the overall performance of SMEs. Additionally, this study will provide SMEs with management procedures to compete, adapt, and enhance their sustainability within the global market. ORIGINALITY/VALUE: This model provides researchers and practitioners with the invaluable knowledge needed to manage ","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91151923","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":"COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy","authors":"Li̇ri̇don Kryeziu, Mehmet Bağış, Mehmet Nurullah Kurutkan, Besnik A. Krasniqi, A. Haziri","doi":"10.7341/20221816","DOIUrl":"https://doi.org/10.7341/20221816","url":null,"abstract":"PURPOSE: The new situation arising from the COVID-19 pandemic has brought many difficulties for companies worldwide. To combat the pandemic, governments have enforced lockdown and closure of businesses, and in response, companies have developed various reactive strategies to ensure their survival. The purpose of this study is twofold: to examine the impact of COVID-19 on firms and examine firm reactions towards the COVID-19 crisis. The study analyses the impact of COVID-19 on firm size, ownership type, and industry characteristics. Secondly, to analyze firm reactions based on four components: technological preferences, strategic behavior, management practices, and social networks. METHODOLOGY: This study employs a quantitative method, using a survey of 320 firm owners and managers conducted in Kosovo by the Institute of Entrepreneurship and Small Business. FINDINGS: Findings suggest that income dropped significantly for SMEs based on the firm size. Based on industry characteristics, findings show that all industries have been influenced negatively. Regarding the ownership type, findings suggest that family firms are more affected by COVID-19 than non-family firms. Factor analysis suggests that the technological preferences, managerial practices and strategic behavior, and social networks effectively responded to the crisis derived from COVID-19. Findings also suggest that firms did not employ a single reaction (e.g., technological change) but combined several reactions where one reaction led to another reaction that proved effective and led to firm survival during the crisis. IMPLICATIONS: The implications of this study are as follows: firstly, this study examines the impact of COVID-19 and, at the same time, firm reactions to the crisis; secondly, contrary to previous studies, this study shows that all industries have been influenced negatively, including all SMEs; thirdly, this study shows that ownership type was an important factor concerning the impact of COVID-19, where family firms were influenced more than non-family firms; this is due to the distinct characteristic of organizational structure that family firms have, including the involvement of members of family firms. Last, this study shows that a single reaction of firms does not lead to survival, but the chain of reactions combined with dimensions shown above. ORIGINALITY/VALUE: Despite growing theoretical and empirical literature about COVID-19 and firms, this study shows the impact and firm responses towards the crisis of COVID-19. Furthermore, focusing on the context of Kosovo, the study contributes to the challenges that firms face in different cultural and institutional settings.","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80297459","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 interplay of entrepreneurial ecosystem actors and conditions in FinTech ecosystems: An empirical analysis","authors":"Mari Avarmaa, Lasse Torkkeli, Laivi Laidroo, Ekaterina Koroleva","doi":"10.7341/20221843","DOIUrl":"https://doi.org/10.7341/20221843","url":null,"abstract":"PURPOSE: The purpose of this study is to investigate the role of actors and ecosystem conditions in the development of the FinTech ecosystems in Tallinn and Moscow. METHODOLOGY: The study develops a framework for investigating entrepreneurial ecosystems, combining ecosystem actors with ecosystem conditions. The framework is implemented through a comparative case study of FinTech ecosystems in Tallinn and Moscow, with data drawn from 35 semi-structured interviews and processed by means of thematic analysis. The primary data is supplemented with data from secondary sources. FINDINGS: The findings show how the ecosystem conditions and actors are interdependent in the FinTech ecosystems. Tallinn is an example of a strong entrepreneurial culture with its small market, advanced technological infrastructure, and talent, which leads to the dominance of the FinTech start-ups and the emergence of an active FinTech cluster organization. In Moscow, the institutional context, concentration of financial capital, and its large home market with a loyal customer base limit start-ups’ ability to grow and form the ecosystem. IMPLICATIONS: The study contributes to the literature on entrepreneurial ecosystems and emerging technologies by integrating the streams of research on entrepreneurial ecosystems and FinTech ecosystems, combining FinTech actors with entrepreneurial ecosystem conditions. It also highlights the implications of variations of entrepreneurial culture, characteristics of the domestic demand and formal institutions in the development of ecosystems. It demonstrates that ecosystem conditions are likely to contribute to the emergence of the dominant actor in a particular ecosystem. Our results also suggest that when aiming to develop the FinTech ecosystem in a city, the support given to FinTech cluster organizations is essential. Facilitating university–industry cooperation through the cluster organizations or direct partnerships can contribute to the development of FinTech ecosystems. ORIGINALITY AND VALUE: To our knowledge, this is the first study to illustrate how specific entrepreneurial ecosystem conditions lead to configurations with different types of ecosystem actors, and to illustrate how specific ecosystem conditions impact the way in which actors develop and operate and how the ecosystem configuration is structured. These have been notable omissions in extant entrepreneurial ecosystem research until now. The present study also illustrates sectoral variations in entrepreneurial ecosystems while highlighting the distinct features of emerging ecosystems. It also contributes to the emerging literature on FinTech ecosystems through a comparative empirical perspective, thereby enhancing understanding of local conditions necessary for developing and maintaining FinTech ecosystems in different contexts.","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77398896","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":"An innovative approach to support interests' alignment in the context of transport management using semantic differential","authors":"N. Shpak, Z. Dvulit, L. Maznyk, W. Sroka, O. Podra, N. Petryshyn","doi":"10.7341/20221834","DOIUrl":"https://doi.org/10.7341/20221834","url":null,"abstract":"PURPOSE: Our study aims to develop an innovative approach to scientific substantiation and practical balance of interests of cargo owners and transport companies, which will serve as a tool for freight management. METHODOLOGY: A specific algorithm of actions is proposed, which initially provides the creation of a system of indicators to study transportation management. The research methods include a complex method of semantic differential modeling, which integrates correlation-regression analysis, cluster analysis, and expert evaluations. The basis of such a complex method is the integration of three components: i) a system for monitoring the satisfaction of consumers of transport services; ii) the assessment of the density of connections between cargo turnover by type of transportation and the leading transportation indicators; iii) a multidimensional assessment of the homogeneity of factors by hierarchical clustering. FINDINGS: Semantic differential modeling can serve as an effective tool in strategic planning, not only for transport companies and railway enterprises, but also for those institutions where it is necessary to identify the most important areas of activity. IMPLICATIONS: The use of semantic differential based on the involvement of quantitative methods of mathematical modeling allows increasing the degree of validity of management decisions. The harmonization and balancing of interests in the field of B2B take into account the results of modeling the semantic differential in management. The proposed methodology consists of main indicators of rolling stock transportation and certain economic indicators; we advise to focus on. These indicators were obtained through cooperation with an expert group of participants in the transportation process. Application of the created model allows defining priority directions in the field of freight owners’ service by the Ukrainian railways in the dynamics by types of cargo and transportation and substantiating the corresponding management decisions by freight carriers. ORIGINALITY AND VALUE: Innovation is a complex interdisciplinary integration of research methods based on the philosophy of semantic differential, allowing the integration of approaches to harmonize the interests of transport companies and consumers of their services with the results of cooperation in the field of freight transportation. Therefore, the developed innovative methodology can be used not only for railway transport but also for other types of transport and business.","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87370855","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":"University students’ entrepreneurial intentions during COVID-19: The perspective of social cognitive career theory","authors":"Suwaluck Uansa-ard, Wisuwat Wannamakok","doi":"10.7341/20221833","DOIUrl":"https://doi.org/10.7341/20221833","url":null,"abstract":"PURPOSE: Although the COVID-19 pandemic has had a catastrophic effect on economic activities worldwide, the paradoxical phenomenon of this black swan situation may be found to facilitate entrepreneurial intentions. This study aims to investigate Thai university students’ perceptions of their entrepreneurial aspirations during the times of the COVID-19 pandemic. METHODOLOGY: Drawing upon social cognitive career theory, this research investigates the profound linkage of university students’ COVID-19 perceptions and attitudes towards situations for self-believing in the adaptation for entrepreneurship. A valid sample of 798 collected from eight provinces, eight districts, and eight cities throughout Thailand was included for further analysis using Structural Equation Modelling (SEM) and Process Macro Model 6. FINDINGS: University students’ COVID-19 pandemic perceptions influence their self-efficacy in situation adaptations and perceived desirability towards individual-level entrepreneurial intentions. Interestingly, self-efficacy and desirability towards entrepreneurship act as serial mediating factors, towards the mediated relationship between attitude towards the situation, COVID-19 perception, and university students’ entrepreneurial intentions. IMPLICATIONS: The results of this research can add to entrepreneurship literature and additional model testing has also been proposed. Besides, practitioners and researchers could collaborate with governors to cultivate entrepreneurial trajectories based on research findings. ORIGINALITY AND VALUE: Social cognitive career theory (SCCT) can rationalize an academic student’s career choice of entrepreneurship by considering their perception of the start-up processes during COVID-19. Future research can also test findings on a representative sample at the national level.","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72765033","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 role of financial technology and entrepreneurial finance practices in funding small and medium-sized enterprises","authors":"Piotr Łasak","doi":"10.7341/20221811","DOIUrl":"https://doi.org/10.7341/20221811","url":null,"abstract":"PURPOSE: The traditional sources of financing (bank loans) cannot be treated as an essential source of financing for SMEs in developing countries. For this reason, this group of entities uses many alternative sources, from bootstrapping to microfinance and crowdfunding. During the last decade, a significant contribution in this area has been financial technology. The purpose of this study is threefold: 1) to present the role of financial technologies in financing SMEs, 2) to examine the role of entities based on financial technology in financing SMEs in developing countries, and 3) to consider other non-bank aspects of financing SMEs, leading to the improvement of the financial situation of these entities. The in-depth analysis of these entrepreneurial finance practices will be developed in the following papers presented in this Issue. METHODOLOGY: This study employs a theoretical approach based on a narrative literature review. The primary attention is focused on applying financial technology as a stimulant for the finance of SMEs in developing countries. FINDINGS: As a consequence of the financing gap for SMEs within the traditional financial system, these entities use non-bank financing based on financial technology. The research confirms that financial technology plays a crucial role in fostering the financial situation of SMEs in developing countries and providing greater financial inclusion for these entities. Both, financial technology and enterprises based on this technology contribute significantly to the improvement of efficiency of financing SMEs in emerging markets. They also provide a broader range of services, than were offered by the traditional financial sector. Regarding the other aspects of SME finance, it is essential to implement such ways of financing like microfinance services and crowdfunding. Such funding mechanisms, together with the budget process and the compliance under the conditions of e-tax systems, are important determinants of current entrepreneurial finance. IMPLICATIONS: The paper describes the financing of SMEs in developing countries. The in-depth picture of the SME’s financial situation, focusing on the technological development in this area, provides essential insight into this still poorly explored area. It also offers important premises for shaping the post-pandemic policy to support their further growth. ORIGINALITY/VALUE: Despite growing theoretical and empirical literature about entrepreneurship finance, this study aims to contribute to the role of financial technology in this area. The impact of financial technologies and the role of fintech-based entities on SME activity in developing countries are still poorly researched. Moreover, the research provides a brief overview of other SME funding sources and their determinants in this group of countries.","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89556143","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":"From transition management towards just transition and place-based governance. Τhe case of Western Macedonia in Greece","authors":"Lefteris Topaloglou, Lefteris Ioannidis","doi":"10.7341/20221832","DOIUrl":"https://doi.org/10.7341/20221832","url":null,"abstract":"PURPOSE: This paper examines to what extent the governance modes of transition in the region of Western Macedonia (Greece) are effective and just, and whether they embed transition management, spatial justice, and place-based elements. To this end, the hypothesis tested in this paper is that spatial justice and place-based policy can make a positive contribution to just and well-managed transition. In this framework, the question examined is not about ‘who is in charge for designing and implementing transition policies?’ but about ‘what is the balance and mix of transition policies at the central, regional, and local levels of administration?’. METHODOLOGY: The article critically discussed the concept of transition as a fundamental societal change through the lens of efficiency and justice. Thus, the notions of transition management and spatial justice are thoroughly explored. It also embeds the concept of ‘place’ in this discussion. Therefore, the challenges, opportunities, and shortcomings of the place-based approach in the course of transition are examined. The empirical section contains a mix of quantitative and qualitative methods, such as the use of questionnaires and focus group meetings, preceded by background research, comprising mainly desk research. The above different cases of empirical work are not entirely irrelevant to each other. The validity of the research findings is strengthened by using multiple sources of evidence and data triangulation. The analysis at the empirical research level focuses on Western Macedonia in Greece. This region has all the characteristics of a coal-dependent locality, under an urgent need to design and implement a post-lignite, just, transition strategy. FINDINGS: Given that transition implies a profound and long-lasting societal, economic, and environmental transformation, new and pioneering modes of governance are necessary to tackle such a multifaceted challenge. The discourse about place, policies, and governance, reveals the need for focusing on a balance and mix of inclusive and multi-scalar policies instead of defining governance structures and bodies in charge for implementing transition policies. The launched transition governance model in Greece considerably deviates from the EU policy context. In fact, substantial shortcomings in terms of legitimacy, inclusiveness, and public engagement and overall effectiveness have been recorded. The empirical evidence reveals a rather clear top-down model than a hybrid one. The findings show that the governance model employed in the case of Western Macedonia, neither embeds spatial justice nor incorporates a place-based approach. IMPLICATIONS: Viewing the long-term process of transition through the lens of governance and policymaking, this paper challenges the assertion that the traditional top-down governance model is the most effective and fair approach. In this setting, the notions of transition management and spatial justice are thoroughly explored. Th","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80595487","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":"Transnational water resource management in the Karawanken/Karavanke UNESCO Global Geopark","authors":"Lilia Schmalzl, G. Hartmann, M. Jungmeier, D. Komar, Rahel M. Schomaker","doi":"10.7341/20221831","DOIUrl":"https://doi.org/10.7341/20221831","url":null,"abstract":"PURPOSE: The management of cross-border natural resources has been the focus of research in different disciplines. Nonetheless, beyond theoretical insights, empirical evidence of successful cross-border management or governance of natural resources is still limited, even in the European Union (EU), where a range of instruments are provided to foster cross-border cooperation between its Member States. This is where our paper departs, providing evidence from an example of cross-border cooperation between two Member States of the EU, Austria, and Slovenia, adding to the analytical framework to identify the drivers of successful cross-border cooperation. METHODOLOGY: Drawing from the example of the European Grouping of Territorial Cooperation (EGTC) Geopark Karawanken we evaluate the success factors and limits for transboundary cooperation encompassing different forms of cooperation. Furthermore, based on empirical evidence of workshops with local, regional, and national stakeholders, we investigate the potential of the EGTC organizational framework to provide for the successful cross-border management of water resources within the Geopark area. FINDINGS: Our analysis of project bundles, joint ventures/consortia, and EGTCs as possible forms of transboundary cooperation indicates that EGTCs have various advantages over looser forms of cooperation. Higher operational costs for the organization are contrasted by enhanced governance of transboundary activities, in accordance with legal frameworks and representation on both sides of the border. This increases acceptance and facilitates decision-making. Furthermore, it increases the potential for receiving funds in accordance with planned activities and regional requirements, while decreasing the individual financial risk for partners. The genesis of the Karawanken/Karavanke UNESCO Global Geopark (Geopark Karawanken) indicates that looser forms of organization, for instance, project bundles, enable stakeholders to get to know each other without great institutional effort. In the course of increasing integration, the organizational form can be more complex. The experience in developing transboundary, water management instruments shows that even in a more sophisticated form of cooperation like an EGTC, there are remaining obstacles in managing transboundary natural resources. Obstacles result from e.g., national laws and regulations, data standards, monitoring techniques, and soft factors such as language barriers. IMPLICATIONS: The example of the Geopark Karawanken shows that cross-border public authorities can be significantly supported with the introduction of an EGTC. Still, an EGTC tends to exclude private companies or societal actors because they cannot be active members of the Board. Exploring further options for closer integration of the private sector in Public-Private-Partnership (PPP) models may be useful to maintain the opportunity to include much-needed private skills and resources. The experien","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79950721","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":"Cryptocurrencies as a subject of financial fraud","authors":"Małgorzata Kutera","doi":"10.7341/20221842","DOIUrl":"https://doi.org/10.7341/20221842","url":null,"abstract":"PURPOSE: The main purpose of this paper was to identify the current scope of research on cryptocurrencies as a subject of fraud. Detailed research questions related to the determination of contemporary trends of the conducted research and the definition of potential opportunities for further investigation of this topic. One of the questions also concerned identifying the most common crimes committed using cryptocurrencies. METHODOLOGY: The study is based on a systematic literature review (SLR) of 57 publications available on the Scopus database. A bibliometric and descriptive analysis of selected literature items was carried out. Then, vital thematic clusters were separated, and an in-depth content analysis was performed. FINDINGS: The detailed bibliometric and descriptive analysis showed that cryptocurrencies as a subject of financial fraud are generally a new area of scientific research, although it is developing quite intensively. The relatively small number of publications, compared to other similar areas, also indicates that this topic has not yet been explored widely by scientists, and many different research trends can be created in it. Ultimately, the following key research areas were identified: types of cryptocurrency fraud, crime detection methods, risks related to blockchain technology, money laundering, and legal regulations regarding cryptocurrencies. It was also possible to identify that money laundering is currently the most common fraud. However, it has been pointed out that the second most frequent fraud is financial pyramids based on the Ponzi scheme. IMPLICATIONS: The paper clearly presents the main research trends on using cryptocurrencies in criminal activities. At the same time, it was emphasized that, compared to other research areas, this topic is relatively new. Therefore, there is a wide possibility of exploring not only existing but also undiscovered research trends. In addition, key types of fraud in economic practice have been identified, which is particularly important for financial market participants. It was clearly indicated which transactions bear the highest risk. It is also worth paying attention to the critical timeliness of the topic, as the scale of crimes involving cryptocurrencies has recently been growing rapidly. The study confirms the insufficient scope of legal regulations, which are not able to strengthen the security of economic transactions adequately. Therefore, it can be a clear indication for the governments of individual countries or international institutions for further efficient changes to the law. ORIGINALITY AND VALUE: The contribution of this study is threefold. It is one of the first research papers showing the results of a systematic literature review (SLR) combined with a bibliographic and in-depth analysis of the content of publications in this field. During the work, the VOSviewer software was also used, which enabled objective identification of the main thematic clusters based on th","PeriodicalId":44596,"journal":{"name":"Journal of Entrepreneurship Management and Innovation","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85790943","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}