scholarly journals Does Technological Innovation Drive Corporate Sustainability? Empirical Evidence for the European Financial Industry in Catching-Up and Central and Eastern Europe Countries

2020 ◽  
Vol 12 (6) ◽  
pp. 2261 ◽  
Author(s):  
Francisca Sempere-Ripoll ◽  
Sofia Estelles-Miguel ◽  
Ronald Rojas-Alvarado ◽  
Jose-Luis Hervas-Oliver
Keyword(s):  
Financial Performance ◽  
Eastern Europe ◽  
Technological Innovation ◽  
Central And Eastern Europe ◽  
Corporate Sustainability ◽  
Financial Industry ◽  
Critical Question ◽  
Community Innovation Survey ◽  
Catching Up ◽  
The Relationship

In the financial industry, two relationships are well-researched: (i) innovation and financial performance and, (ii) sustainability and financial performance, both focused primarily on Western and advanced countries. The relationship between innovation and sustainability, however, is underresearched. This study’s purpose consists of determining whether there is a relationship between innovation and corporate sustainability in the financial industry. In doing so, this study responds to a critical question: are the most innovative firms also the most sustainability-oriented? We empirically explore sustainability-oriented innovation in the financial industry of 11 catching-up countries in Central and Eastern Europe (CEE). Using Community Innovation Survey (CIS) data for 2012–2014, this study empirically analyzes a large sample of 1574 firms in the financial industry. Our results suggest that innovation is positively linked to corporate sustainability, pointing out that innovation capabilities are positively related to sustainability. Our study proposes a framework for analyzing innovation and sustainability from a capability-perspective.

Political thought in Central and Eastern Europe: The open society, its friends, and enemies*

2021 ◽  
pp. 147488512110496
Author(s):  
Aurelian Craiutu ◽  
Stefan Kolev
Keyword(s):  
Eastern Europe ◽  
Review Essay ◽  
Political Thought ◽  
Central And Eastern Europe ◽  
The Political ◽  
Open Society ◽  
Illiberal Democracy ◽  
Before And After ◽  
Recent Trends ◽  
The Relationship

A review essay of key works and trends in the political thought of Central and Eastern Europe, before and after 1989. The topics examined include the nature of the 1989 velvet revolutions in the region, debates on civil society, democratization, the relationship between politics, economics, and culture, nationalism, legal reform, feminism, and “illiberal democracy.” The review essay concludes with an assessment of the most recent trends in the region.

Sustainability and financial performance relationship: international evidence

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ilker Yilmaz
Keyword(s):  
Financial Performance ◽  
Emerging Economies ◽  
Corporate Sustainability ◽  
Joint Effect ◽  
Business Practices ◽  
Content Type ◽  
Firm Financial Performance ◽  
International Evidence ◽  
The Relationship ◽  
Practical Implications

PurposeThe purpose of the article is to examine the relationship of corporate sustainability to firm financial performance by presenting international data.Design/methodology/approachThe sample includes non-financial companies from five emerging economies known as BRICS for a five-year period of 2014–2018. The study uses the ESG (environmental, social, governance) scores from Sustainalytics database and financial data from company reports. Panel regression models are developed to figure out the relationship.FindingsThe results of the article revealed that there is a positively significant relationship between sustainability performance and financial performance. Total ESG score has produced significant results while the individual scores of environmental, social, and governance have produced insignificant results; implying that the components of total ESG score have a joint effect on the financial performance.Practical implicationsThe results of the article have important practical implications for companies. Engagement in sustainable business practices will help improve the financial performance. In addition, the companies should be active in all components of sustainability.Originality/valueThe article contributed empirical evidence for sustainability-financial performance relationship by using the international evidence from five emerging economies.

scholarly journals The effect of radical right fringe parties on main parties in Central and Eastern Europe: Empirical evidence from manifesto data

2019 ◽  
pp. 135406881986362
Author(s):  
Reinhard Heinisch ◽  
Steven Saxonberg ◽  
Annika Werner ◽  
Fabian Habersack
Keyword(s):  
Eastern Europe ◽  
Empirical Evidence ◽  
Central And Eastern Europe ◽  
Radical Right ◽  
Party Manifestos ◽  
Using Data ◽  
Communist Countries ◽  
The Relationship ◽  
Sociocultural Issues

Do radical right fringe parties affect main parties in Central and Eastern Europe (CEE)? Using data from the Manifesto Project, we analyze the relationship between radical right fringe parties’ and main parties’ policy programs regarding sociocultural issues in six post-communist countries of CEE. Even though radical right fringe parties have participated in government in several of these countries, and in Hungary a fringe party has become the country’s second largest party, our analysis shows that the sociocultural issues in radical right fringe party manifestos do not systematically relate to the changes in main party manifestos regarding those issues. Even if some of the main parties in our study might often agree with the radical right fringe parties, our analysis shows that the latter do not directly influence the policy priorities of the main parties.

Financially Qualified Audit Committee Member and Corporate Sustainability: Evidence from Emerging Economy

2018 ◽  
Author(s):  
Ashfaque Banbhan ◽  
Xinsheng Cheng ◽  
Nizam Ud Din
Keyword(s):  
Financial Performance ◽  
Audit Committee ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Corporate Sustainability ◽  
Committee Member ◽  
Positive Relation ◽  
Accrual Quality ◽  
The Impact ◽  
The Relationship

This paper examines the relationship between financial qualification of the audit committee (AC) chairman on corporate sustainability (CS) in developing the economy of Pakistan, which has a weak corporate environment. In a sample of companies listed on Pakistan Stock exchange (PSX) during 2010-2014. Empirical results of 1020 firm-year observations indicate that the presence of financially qualified AC chairman has a positive relationship with firm’s accrual quality. The results found that accounting qualification of AC chairman has significant positive relation with CS performance. Furthermore, the study found that powerful CEO is also not able to influence CS in the presence of accounting qualified AC chairman, but this result is not present if AC chairman is non-accounting qualified. This study extends the literature on the impact of accounting qualification of AC members and CS and offers some significant understanding into efficient corporate practices to achieve sustainability goals. This study suggests the presence of accounting qualified member in AC which results in effective monitoring for the increased financial performance of the organization.

scholarly journals The postsocialist transformation in Central and Eastern Europe

2002 ◽  
Vol 22 (4) ◽  
pp. 579-593
Author(s):  
BÉLA GRESKOVITS
Keyword(s):  
Eastern Europe ◽  
Latin American ◽  
World Economy ◽  
Central And Eastern Europe ◽  
State Capacity ◽  
The West ◽  
Catching Up ◽  
The World ◽  
Recent Position ◽  
Latin American Economic

ABSTRACT What is attempted in the East is catching up with the West from a recent position of worse-than-Latin-American economic backwardness. Until now, populations that were sentenced to political patience by the logic of poor democracies have reluctantly backed this enormous effort. Central and Eastern Europe’s post-socialist path is characterized by an increasingly discredited ideology of a return to Europe and a non- European combination of substitute institutions of development: radical opening towards the world economy, damaged institutions of labor representation, eroded state capacity, and often strong private and foreign dominance in the financial and other strategic sectors. There is a chance for a few countries to succeed. Yet various development traps may be more likely in the end than a “Great Spurt” in the Gerschenkronian sense.

scholarly journals Western Donors, Romani Organizations, and Uses of the Concept of Nation after 1989

2020 ◽  
Vol 3 (1) ◽  
pp. 26-45
Author(s):  
Douglas Neander Sambati
Keyword(s):  
Literature Review ◽  
Eastern Europe ◽  
Financial Support ◽  
Central And Eastern Europe ◽  
Nation Building ◽  
The Relationship

This article discusses the relationship between Western donors and Romani and Romani-friendly organizations in Central and Eastern Europe after 1989. Based on literature review, interviews, reports, and websites, this paper upholds that the burst of Romani and Romani-friendly organizations in Central and Eastern Europe after 1989 primarily was made possible by financial support and expertise coming from Western organizations. Together with their work methodology, so-called donors took their own framework on  understanding groupings and enforced the concept of nation upon Gypsy/Romani populations. Therefore, Western donors and Romani activists and intellectuals alike essentialized (claimed) Gypsy/Romani traits in order to support a nation-building rhetoric. These Romani activists and intellectuals, in turn, are a legacy of policies from planned economies, and they actually might represent Gypsy/Romani communities from a privileged perspective – no longer fully insiders but as a vanguard.

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