Index of the Cycle of Money - The Case of Greece

Purpose: The purpose of this paper is to apply the theory of cycle of money in the case of Greece. Prior works have determined the economic characteristics of the case of Latvia, Serbia, and Bulgaria, according to the concept of the theory of cycle of money. The index of the cycle of money suggests how an economic system should counteract a monetary and fiscal crisis and studies how well-structured is Greece’s economy. The estimations of the index of the cycle of money of Greece are compared with the global average index of the cycle of money. The results reveal that Greece is above the average global value. Then, Greece’s results reveal that it is a well-structured economy and can face an economic crisis. The current work is important as represents the strength of Greece’s economy with emphasis to the period of 2012 - 2017, of financial and economic crisis. The theory of the cycle of money covers the gap that exists for the structure and functionality of the economy, which formed on the derivative of GDP, giving the cycle of money. Moreover, it is the only theory that enhances the economy, without any negative effect of the fiscal or the monetary policy, as uses the same amount of money of an economy appropriately.

An Analysis of the Monetary Transmission Mechanism of M&A, Greenfield FDI, Domestic Investment, and GDP Per Capita Growth: The Structural Vector Correction Model in Indonesia

Purpose: The study aims to evaluate the different implications of mergers and acquisitions (M&A) and Greenfield foreign direct investment in the transmission mechanism effects on the growth of gross domestic product per capita (GDP per capita) in Indonesia. The origin of the study stems from past academic debates that contested whether Greenfield FDI or M&A bear more effect on the economic growth in emerging markets.

Quantifying the Relationship Between GDP Per Capita and Inequality in the Balkan Region

Purpose:The paper aims to estimate the effect of inequality on the economic growth of Balkan countries for the period 2001-2017. In addition, the effect of capital stock on GDP per capita (GDPpc) for the Balkan countries was estimated. The low level of financial inclusion on the Balkan region produces an underinvestment of human capital and affects the low-income households, leading to an increase in inequality. Low levels of equality and capital stock negatively impact economic growth.

Optimizing University Acceleration Programs. The Case of NKUA’s Multistage Model

Purpose: Business accelerators have rapidly emerged as prominent players in the entrepreneurial ecosystem. A key strategic decision in designing acceleration programs is whether to customize or standardize the new venture development program (Cohen et al., 2019). Recognizing a trade-off between customization and standardization, the paper presents a multistage acceleration model aiming to harvest benefits of standardization while keeping several advantages found in tailor-made acceleration programs.

Dimitris Giakoulas

Purpose: This paper focuses on the internationalization of the Greek Multinational Enterprises in Central and Eastern European Countries. Its purpose is twofold. Firstly, to describe the process through which Greece became a major investor in the region following the collapse of the central planned economies. Secondly, to investigate if there are any different patterns between firms investing in Central and Eastern European Countries and those investing in other EU countries.

Strategic Resources, a Driver of Performance in Small and Medium Manufacturing Enterprises in Kenya

Purpose: This study sought to establish the effect of strategic resources on performance of small and medium manufacturing enterprises. Specifically, the study sought to identify how financial resources, human resources, physical resources and intellectual capital affect performance of small and medium manufacturing enterprises in Kenya. Methodology: Positivism research philosophy was utilised. Cross-sectional descriptive survey as well as explanatory study design were used in the study. The target population for the study was 350 Kenyan SMEs in the manufacturing sector. A sample of 183 firms was selected using stratified random sampling. One respondent from each firm was selected being the managing director. Data was collected using a semi-structured questionnaire. Diagnostic tests for multicollinearity and normality were conducted before data analysis. The research questionnaire was tested for content validity and reliability after. Data was analysed using inferential and descriptive statistics. Data collected was analysed using SPSS V23. Finding: The study found that strategic resources have a significant influence on significant influence on performance of manufacturing SMEs in Kenya. Specifically, financial, human and physical resources all positively and significantly influenced the performance of Kenyan SMEs while intellectual resources as no effect on performance. The study therefore concluded that financial resources have a positive and significant influence on performance of manufacturing SMEs in Kenya, human resource was found to be significant in predicting performance. Physical resources have a significant influence on performance of manufacturing SMEs in Kenya while intellectual capital has no significant influence on performance of manufacturing SMEs in Kenya. Study Implication: The study recommended that Management of manufacturing SMEs should ensure that there are enough financial resources to meet their daily transactions and ensure that they are able to acquire the relevant strategic resources for efficient running of their firms; have adequate, committed and well-skilled personnel with the required expertise; should invest significantly in physical resources in order to maximise the performance of these firms; carry our cost benefit analysis before committing their resources to protect their intellectual capital in form of patents. Value of the Study: The study showcases the influence of strategic resources on performance of manufacturing SMEs in Kenya.

The Role Of Institutional Conditions In The Impact Of Economic Growth On Poverty

Purpose: According to the New Institutional View, the main reason for the great difference between countries in terms of growth, development and economic welfare is their institutional structures and foundations. Creating a stable structure in human relationships, institutions reduce insecurity, transaction costs and increase people's motivation. In this regard, the present study examined the role of institutional conditions in the impact of economic growth on poverty in middle and high per capita income countries from 2004 to 2017.

Financial Reporting Material Misstatements, Earnings Conservatism and Managerial Replacement Decisions

Purpose: Based on signal theory and legitimacy theory, this paper examines whether firms with financial reporting misstatements (restatements) would prefer conservative financial reporting to send signals regarding their determinants of improving financial reporting credibility and legitimate organizational image in Taiwan. This paper further examines whether these firms reduce the demand for conservative financial reporting after replacing managers in the reveal of restatements.

Prize Money Earnings of Tennis Professionals and the Impact of COVID-19 Pandemic

Purpose: The purpose of this study is to investigate the effects of COVID-19 pandemic on the earnings of tennis professionals. With the COVID-19 pandemic being an unmatched blow to the global economy resulting in one of the largest global recessions in recorded history, it might be expected that some sectors will be hit harder than others. Tennis world was particularly strongly hit, practically stopping for five long months. The corona year provides a unique occasion to revisit the issue of the earnings of top tennis professionals and make comparisons with the normal tennis years. The opportunity to collect the fresh data makes these comparisons interesting and timely.

R&D and Human Capital Policies as Determinant Factors for a Company's Performance and Profitability

Purpose: This paper investigates the impact of R&D expenses and human capital related indicators on the performance and profitability of companies from the European pharmaceutical sector.