scholarly journals The impact of economic crisis on cost structure configuration

2021 ◽  
Vol 10 (1) ◽  
pp. 87-94
Author(s):  
Odysseas Pavlatos
Keyword(s):  
Empirical Study ◽  
Economic Crisis ◽  
Economic Recession ◽  
Jel Classification ◽  
Cost Structure ◽  
Fixed Costs ◽  
Manufacturing Companies ◽  
The Impact ◽  
Structure Configuration

The objective of this study is to examine the impact of economic crisis on cost structureconfiguration of companies. For this reason, an empirical study in the form of online surveyhas been carried out in 82 Greek manufacturing companies. We received data from two periodsof great economic recession, namely during fall of 2013 and spring of 2015. Results indicatedthat companies most affected by the economic crisis, replaced fixed costs with variable ones.Cost structure configuration is the “tool” that companies used to limit the consequences of thecrisis in their profitability.   Keywords: economic crisis, cost structure, fixed costs, variable costs.     JEL classification numbers:  M20, M21, M42  

The impact of economic crisis on mental and physical health in Italy

2017 ◽  
Vol 14 (02) ◽  
pp. 103-110
Author(s):  
S. Tomassi ◽  
M. Ruggeri
Keyword(s):  
Mental Health ◽  
Physical Health ◽  
Economic Crisis ◽  
Social Determinants ◽  
Great Recession ◽  
Economic Recession ◽  
Behavioural Disorders ◽  
Economic Activities ◽  
The Impact ◽  
Mental And Physical Health

Summary Background: The global crisis that began in 2007 has been the most prolonged economic recession since 1929. It has caused worldwide tangible costs in terms of cuts in employment and income, which have been widely recognised also as major social determinants of mental health (1, 2). The so-called “Great Recession” has disproportionately affected the most vulnerable part of society of the whole Eurozone (3). Across Europe, an increase in suicides and deaths rates due to mental and behavioural disorders was reported among those who lost their jobs, houses and economic activities as a consequence of the crisis.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

scholarly journals Empirical Study on the Impact of Evaluation of Intangible Assets on the Market Value of the Listed Companies

2021 ◽  
Vol 24 (1) ◽  
pp. 84-101
Author(s):  
Cristina Gabriela Cosmulese ◽  
Marian Socoliuc ◽  
Marius-Sorin Ciubotariu ◽  
Veronica Grosu ◽  
Dorel Mateş
Keyword(s):  
Empirical Study ◽  
Financial Reporting ◽  
Intangible Assets ◽  
Market Value ◽  
Added Value ◽  
Manufacturing Companies ◽  
Integrated Reporting ◽  
Digital Revolution ◽  
Service Companies ◽  
The Impact

The accelerated pace of economic development, the digital revolution and the internationalization of business has meant for some entities the creation or acquisition of intangible assets (IA), which have become increasingly important for the economic prosperity and for determining the global value of a company, also becoming an important incentive in creating added value. The aim of this paper is focused on analyzing the impact of internally generated intangible assets on the market value of the companies. In order to achieve this aim, we conducted an empirical study involving a sample of 180 NASDAQ and NYSE listed entities between 2007 and 2016. The sample has obtained by applying the inclusion and exclusion criteria on the 500 large-capitalization companies (S&P 500 Index). Making use of regressive techniques, the authors undertook an econometrical model to test whether the impact of intangible assets on the market value of the entities increases when are provided complete, clear and easy-to-understand accounting information about the intangible assets value, which aid business to properly estimate corporate value ratio and reduce implicit bias, due to mainly taking into account those reported values when measuring an entity’s value. The results revealed an impact of the value of the reported and unreported IA on the market value of the entities, for manufacturing companies relative to service companies, which generates an added value on the capital market and implicates a close linkage of disclosure compliance and the associated industry sector. The proposed model can be an inspiration for the legislator to change the structure of financial reporting, or anticipated a valuable informational source for increasing the quality of integrated reporting of economic entities.

scholarly journals The Implications of the Recent Economic Crisis on Fertility in Greece

2015 ◽  
Vol 3 (1) ◽  
pp. 154 ◽  
Author(s):  
Byron Kotzamanis ◽  
Anastasia Kostaki
Keyword(s):  
Social Security ◽  
Economic Crisis ◽  
Economic Recession ◽  
Developed Countries ◽  
Economic Crises ◽  
Family Policies ◽  
Negative Effects ◽  
Social Security Systems ◽  
Close Relationship ◽  
The Impact

A systematic review of past economic recessions occurred in developed countries confirms that social and economic crises often have serious effects on fertility while, beyond national differentiations, these effects have certain characteristics, e. g. a weak effect on generational fertility;an postponement on the timing of first birth, closely related to a late marriage or union;a close relationship between unemployment and age-specific fertility. The sensitivity of fertility behavior to economic crises is less marked in countries with longstanding family policies and strong social security systems. The recent social and economic recession in Greece took place under different social conditions than many recessions in the past. More women than ever are participating in the labor market, most couples use reliable contraception that enables them to postpone childbearing, while social security and health costs are burdened from the rapidly expanding numbers of elderly. All these factors can affect reproductive decisions and potentially aggravate the negative effects of the recession on fertility. This work, using the latest available official data of Greece, provides an investigation of the impact of the current economic crisis on fertility levels, as well as the evolution of these levels through time.

scholarly journals Health, employment and recession: the impact of the global crisis on health inequities in New Zealand

2010 ◽  
Vol 6 (4) ◽  
Author(s):  
Clair Mills
Keyword(s):  
New Zealand ◽  
Gross Domestic Product ◽  
Economic Crisis ◽  
Economic Recession ◽  
Health Inequities ◽  
Global Crisis ◽  
Per Capita Gdp ◽  
Unemployment Rates ◽  
Per Capita ◽  
The Impact

New Zealand entered a period of economic recession in early 2008, intensified by the global economic crisis of September 2008. Gross domestic product (GDP) fell consistently during 2008, and that year saw the economy’s worst performance in over a decade (The Treasury, 2010a). Real per capita GDP contracted through 2009 and, despite some market optimism in early 2010, economic indicators remain sluggish. Unemployment rates have risen and remain the highest seen since the last recession in 1997–98. The Treasury recently stated that ‘the current recovery is likely to remain muted relative to past recoveries’ (The Treasury, 2010b). 

scholarly journals The Impact of Institutional Ownership and a Firm's Size on Firm Value: Tax Avoidance as a Moderating Variable

2018 ◽  
Vol 3 (1) ◽  
pp. 01-08
Author(s):  
Vince Ratnawati ◽  
Azhari S. ◽  
Desmond Freddy ◽  
Nita Wahyuni
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Institutional Ownership ◽  
Jel Classification ◽  
Least Square ◽  
Manufacturing Companies ◽  
The Impact ◽  
The Relationship

Objective - The objective of this study is to investigate how institutional ownership and firm size affect firm value. The study also investigates the moderating effect of tax avoidance on the relationship between institutional ownership and the size of a firm on its value. Methodology/Technique - A model was developed and tested using a sample of 66 manufacturing companies listed on the Indonesian Stock Exchange between 2012 and 2014. Findings - The data was collected and analysed using a least square regression and moderated regression analysis. The analysis shows that institutional ownership and firm size affect firm value. The results also indicate that tax avoidance moderates the effect of institutional ownership and that of a firm's size on its value. Type of Paper - Empirical Keywords: Institutional Ownership, Firm Size, Tax Avoidance, Firm Value. JEL Classification: G30, G32, G39.

scholarly journals Assessment of the Impact of the Financial and Economic Crisis and the COVID-19 Pandemic on the National Labor Market

2020 ◽  
pp. 177-182
Author(s):  
L. Shamileva ◽  
◽  
O. Khandii ◽  
Keyword(s):  
Labor Market ◽  
Economic Crisis ◽  
Economic Recession ◽  
Economic Consequences ◽  
Electricity Production ◽  
Social Risks ◽  
Declining Demand ◽  
Social Insecurity ◽  
The Impact ◽  
National Labor Market

The impact of quarantine restrictions during the global COVID-19 pandemic and the financial and economic crisis on the national labor market was explored in the article. Possible changes in the number of people employed in various sectors of the Ukrainian economy were determined on the basis of estimates of expected production volumes and subject to maintaining the achieved level of labor productivity in previous years. The characteristic was given to the negative trends of declining demand for personnel by industry, construction, services. Metallurgical production, mechanical engineering, electricity production, textile clothing production, production of consumer durables were attributed to the main types of industrial activity, where there are very negative trends in production. The expected amount of layoffs and growth in the number of unemployed was calculated for the crisis period of 2020-2021. The reduction of staff occurred in more than a third of enterprises in construction and services, which is taken into account in the calculations. Three temporal stages of overcoming the economic recession and overcoming the economic consequences of quarantine, which determine the content, nature and depth of social risks in the system of social and labor relations and in the field of employment, were proposed. The sequence of social risks associated with declining business activity, quarantine restrictions during the COVID-19 pandemic, and the intensification of the digitalization of the economy and society has been determined. The growth of social insecurity and insufficiency of livelihoods is expected at the first stage, the risks of unemployment persist, the risks of non-compliance of labor supply with educational and professional needs of the labor market, increased labor migration, increased partial and informal employment increase in the second stage; social risks due to the intensity of digitalization increase in the third stage.

scholarly journals How uncertainty affects career behaviour: A narrative approach

2018 ◽  
Vol 44 (1) ◽  
pp. 50-69 ◽  
Author(s):  
Edwin Trevor-Roberts ◽  
Polly Parker ◽  
Jorgen Sandberg
Keyword(s):  
Decision Making ◽  
Empirical Study ◽  
Career Decision ◽  
Negative Influence ◽  
Jel Classification ◽  
Narrative Approach ◽  
Career Decision Making ◽  
The Impact ◽  
Career Uncertainty

Despite increased uncertainty in the environment, the role of uncertainty in people’s careers is poorly understood. Those few theories that account for uncertainty portray it as a negative influence on people’s career and should therefore be reduced or avoided. This article presents an empirical study that investigated the impact of uncertainty on people’s career behaviour using a narrative approach. The findings reveal that people have different understandings of career uncertainty, which leads to distinct differences in subsequent career behaviour. Specifically, we identified four qualitatively different meanings of career uncertainty we have called Stabiliser, Glider, Energiser and Adventurer. The findings add to the existing literature by showing how each meaning of career uncertainty affects career decision making, criteria to gauge career success and meaning, and negotiating transitions. This significantly broadens current conceptualisation of career uncertainty and its impact on career behaviour than existing literature. JEL Classification: M10, M50, L10

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