scholarly journals “Social Trilemma”: Empirical Evidence from Central and Eastern Europe

2019 ◽  
Vol 11 (17) ◽  
pp. 4638
Author(s):  
George Marian Ștefan ◽  
Vlad Nerău ◽  
Daniela Livia Traşcă ◽  
Daniela Nicoleta Sahlian ◽  
Liviu Matac
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Value Added ◽  
Free Movement ◽  
Eu Member States ◽  
Foreign Companies ◽  
Catching Up ◽  
The Social ◽  
High Degree ◽  
Free Movement Of Capital

This paper’s aim is to analyze the challenges that may arise to the harmonious and inclusive economic development of EU member states from Central and Eastern Europe in the larger context of the European Common Market and the free movement of capital. The theoretical framework on which this paper is based is represented by the thesis of “structural dependence on international capital” and “race to the bottom” competition to attract foreign investment and increase the convergence speed in the catching-up process. We have also tackled the consequences arising from the social cohesion perspective, pointing out that a country cannot have at the same time (1) a high degree of social equity; (2) free movement of capital, amid structural consequences that manifest themselves as a result of this freedom; and, (3) a robust position of foreign companies as a share of value added.

scholarly journals Variations and (a)symmetries in trust between employees and employers in Europe: Some (not so) well-known stylized facts

2019 ◽  
Vol 26 (3) ◽  
pp. 313-329
Author(s):  
Bernd Brandl
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Mutual Trust ◽  
Stylized Facts ◽  
Firm Level ◽  
Trust Relationship ◽  
Eu Member States ◽  
Mediterranean Countries ◽  
Reverse Relationship ◽  
High Degree

I analyse the incidence of trust between employee representatives and management at the firm level in EU member states. Most previous analyses focus primarily on employees’ trust in the employer, but I consider both sides. The analysis confirms, but generalizes, some known stylized facts such as that trust is relatively high in Scandinavian countries but relatively low in Mediterranean countries. My analysis also reveals a number of novel stylized facts, including a high degree of variability in Central and Eastern Europe. Furthermore, strong mutual trust is very rare throughout Europe and the trust relationship is systematically asymmetric, as employers’ trust in the employee side is systematically higher than the reverse relationship.

Restructuring in an enlarged Europe: challenges and experiences

2007 ◽  
Vol 13 (2) ◽  
pp. 253-266 ◽  
Author(s):  
Guglielmo Meardi
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Social Acceptability ◽  
The West ◽  
Eu Member States ◽  
Cross Border ◽  
The Social ◽  
Participation Mechanisms ◽  
Capital Intensive ◽  
New Eu Member States

This article presents historical and aggregate data on restructuring in central and eastern Europe, and some examples from multinationals in Poland and Hungary. It shows how the violent structural readjustment process of the 1990s has left important social, political and psychological legacies which affect current approaches to restructuring. The new EU Member States, faced with relocations both to the west (in capital-intensive industries) and further east (in low-skill labour-intensive industries), therefore need employee participation mechanisms, cross-border information and western solidarity to ensure the social acceptability of change.

scholarly journals Harmonising Private Enforcement of Competition Law in Central and Eastern Europe: The Effectiveness of Legal Transplants Through Consumer Collective Actions

2015 ◽  
Vol 8 (12) ◽  
pp. 33-59
Author(s):  
Katalin J. Cseres
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Competition Law ◽  
Private Enforcement ◽  
Collective Actions ◽  
Legal Rules ◽  
Eu Member States ◽  
Harmonization Process ◽  
Effective Remedy ◽  
Law Making

The aim of this paper is to critically analyze the manner of harmonizing private enforcement in the EU. The paper examines the legal rules and, more importantly, the actual enforcement practice of collective consumer actions in EU Member States situated in Central and Eastern Europe (CEE). Collective actions are the key method of getting compensation for consumers who have suffered harm as a result of an anti-competitive practice. Consumer compensation has always been the core justification for the European Commission’s policy of encouraging private enforcement of competition law. In those cases where collective redress is not available to consumers, or consumers cannot apply existing rules or are unwilling to do so, then both their right to an effective remedy and the public policy goal of private enforcement remain futile. Analyzing collective compensatory actions in CEE countries (CEECs) places the harmonization process in a broader governance framework, created during their EU accession, characterized by top-down law-making and strong EU conditionality. Analyzing collective consumer actions through this ‘Europeanization’ process, and the phenomenon of vertical legal transplants, raises major questions about the effectiveness of legal transplants vis-à-vis homegrown domestic law-making processes. It also poses the question how such legal rules may depend and interact with market, constitutional and institutional reforms.

scholarly journals Financialization and Income Inequality in Selected European Countries, 2004–2013

e-Finanse ◽  
2017 ◽  
Vol 12 (4) ◽  
pp. 20-32
Author(s):  
Grzegorz Golebiowski ◽  
Piotr Szczepankowski ◽  
Dorota Wisniewska
Keyword(s):  
Income Inequality ◽  
Eastern Europe ◽  
Gini Coefficient ◽  
Central And Eastern Europe ◽  
Value Added ◽  
European Countries ◽  
Total Employment ◽  
The Gini Coefficient ◽  
Synthetic Indicator ◽  
The Impact

Abstract The article examines the impact of financialization on income inequality between 2004 and 2013, through a panel analysis of seven European countries. Moreover, it attempts to examine differences in the perception of the phenomenon between the selected European countries belonging to the G-7 and countries from Central and Eastern Europe. The results demonstrate the existence of individual effects, which means that the level of inequality under examination is influenced predominantly by country-specific factors. The most significant correlation is noticeable between the level of unemployment and the degree of income inequality. An increase in unemployment is accompanied by a rise in the disproportions in the level of income that individual citizens have at their disposal whereas a decrease in the unemployment level contributes to an improvement of the GINI coefficient. Simultaneously, the results confirm the existence of significant correlations between the level of the GINI coefficient and such financialization indicators as the share of employment in finance in total employment and the contribution of the financial sector to total value added creation. The most prominent dependency was discovered when a constructed synthetic indicator was adopted as an indicator of financialization. At the same time, analysis of the synthetic country financialization indicator points to a conclusion that the level of financialization is higher in European countries belonging to the G-7 (especially Great Britain) than in countries from Central and Eastern Europe.

Convergent and Divergent Elements in the Reporting of Key Audit Matters at the Level of the Banking Sector from Central and Eastern Europe

2021 ◽  
Vol 19 (161) ◽  
pp. 130-144
Author(s):  
Aurelia STEFANESCU ◽  
◽  
Denis-Adrian LEVANTI ◽  
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Banking Sector ◽  
National Level ◽  
Value Added ◽  
Important Change ◽  
Audit Report ◽  
Firm Level ◽  
Audit Reports ◽  
Informational Value

The current economic turmoil manifested at international and national level is influencing the banking sector, situation which calls for an innovative approach to the informational value of the independent auditor’s report. In order to reduce the information asymmetry of the audit reports from a stakeholder’s perspective, competent authorities have issued a series of regulations aiming to change the structure and the content of these reports. The most important change relates to the reporting of the key audit matters, which are considered to bring many benefits to stakeholders. In this context, this research aims to identify, analyze and compare the key audit matters reported by the statutory auditors of credit institutions operating in Central and Eastern Europe. The results revealed that the reported key audit matters reflect the particularity of the industry and of the activities carried out by these institutions. Also, the research highlighted a portfolio of convergent and divergent elements in the key audit matters reporting both at the level of the analyzed territories and at audit firm level. The results of the research are useful to stakeholders of the banking industry, professional bodies and regulators from two perspectives: firstly, by generating value added to the informational value of the audit report and secondly, by building an informational symmetry of the audit report in relation to its stakeholders.

scholarly journals Introduction: Travelling from West to East: Think Tank Model Adaptation to Central and Eastern Europe

2020 ◽  
pp. 088832542094683
Author(s):  
Katarzyna Jezierska ◽  
Serena Giusti
Keyword(s):  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Special Section ◽  
Blind Spot ◽  
Think Tanks ◽  
Think Tank ◽  
The Social ◽  
Short Period ◽  
English Speaking ◽  
English Speaking World

This article is part of the special section “Think Tanks in Central and Eastern Europe” guest-edited by Katarzyna Jezierska and Serena Giusti. This is an introduction to the Special Section on Think Tanks in Central and Eastern Europe. Apart from this introduction, the Section includes four articles, which explore the nature and conditions of think tanks operating in Belarus, Ukraine, Czech Republic, and Poland. Think tanks are usually understood as institutions claiming autonomy whose main aim is to influence policy making based on the social analysis they produce. The most apparent blind spot in extant think tank research is its predominant focus on the English-speaking world. We argue that by focusing on think tanks in non-Western contexts, we can better understand think tanks. When studying the diffusion of the organizational form of think tanks to new contexts, it is not enough to maintain the “sender” perspective (the formulation of the institutional characteristics of think tanks in the contexts in which they first emerged). We need to complement or even modify that perspective by also taking into account the “receiver” perspective. In other words, internationally circulated ideas and institutional patterns are always interpreted and translated in local “receiving” contexts, which coproduce, reformulate, and readjust the blueprint. Our focus in this Section is therefore on the translation and local adaptation of the think tank institution in the context of Central and Eastern Europe, a region that has undergone deep changes in a relatively short period.

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