1,794 results on '"Economic crisis"'
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2. Challenges in the diagnosis and management of patients with rare coagulation disorders in Lebanon and consequences of a social and economic crisis.
- Author
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Farah, Roula, Boustany, Michel, Saad, Philippe, Casini, Alessandro, and de Moerloose, Philippe
- Abstract
Introduction Aim Methods Results Conclusion Rare coagulation disorders (RCDs) constitute an important health risk. Data on epidemiology, quality of life (QoL), access to care, and impact of the ongoing economic crisis on RCDs in Lebanon is limited.We aimed to address these gaps by evaluating effect of the crisis on the management of RCDs.We performed a retrospective chart review of RCD pediatric patients in a tertiary hospital between 2003 and 2023. Patients with deficiencies of fibrinogen, factor (F)II, FV, combined FV and FVIII, FVII, FXI, FXII, FXIII, and congenital deficiency of vitamin K‐dependent factors (VKCFDs) underwent a qualitative assessment of the impact of the economic crisis on care and quality of life by an interview aimed at investigating obstacles to diagnosis, disparities in access to treatment, impact of the crisis on QoL and disease management, and opinion on governmental efforts to solve the health crisis.46 patients were included. The response rate for the interview was 63%. Among the cohort, 21 (72.4%) reported difficulty accessing treatment since the start of the crisis and 18 (62%) reported “lack of healthcare coverage for necessary treatments” as the main issue. Most participants reported that the Lebanese government did not adequately address their needs during the crisis.Our study showcased that management of RCD patients in Lebanon has been severely affected by the economic crisis. Combined efforts by public and private sectors are needed to appropriately address this issue. Lessons can be learned from the Lebanese experience to appropriately screen for actionable factors in vulnerable populations. [ABSTRACT FROM AUTHOR]
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- 2024
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3. Food Self-Sufficiency in the Honey Market in Poland.
- Author
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Pawłowska-Tyszko, Joanna, Jarka, Sławomir, and Olech, Igor
- Abstract
Looking from the perspective of the importance of beekeeping production for agriculture, and its impact on production sustainability, biodiversity and food security, research on food self-sufficiency in the honey market is important. The aim of this article was to assess food self-sufficiency in the honey market in Poland in terms of the sustainability of production. The research covered the years 2002–2023. The research material consisted of secondary sources of information from the FAOSTAT 2024 database, reports of the Institute of Horticulture, Department of Beekeeping in Puławy, and market reports of IERiGŻ-PIB. The research used dynamic indicators, Pearson's correlation coefficient, self-sufficiency ratios (SSR) and intra-industry trade (IIT) indicators. The analysis showed that Poland is not food self-sufficient in honey production. Environmental issues and related food security will be important for a change in the model of beekeeping in Poland, as this sector plays an important role in maintaining sustainability and biodiversity; hence, the assessment of food self-sufficiency in honey production should be treated broadly, including the benefits for agriculture. [ABSTRACT FROM AUTHOR]
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- 2024
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4. Financial insecurity and mental well-being: experiences of parents amid the lebanese economic crisis.
- Author
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Nasr, Ramona, Nasr, Nada, Haddad, Chadia, Saab, Samantha Abi, Ibrahim, Sara Abou, Karam, Joanne, and Rahman, Abir Abdel
- Abstract
Background: This study investigates the impact of financial insecurity on the mental well-being and stress levels of parents in Lebanon amid the country’s severe economic crisis. The context of Lebanon’s economic collapse, coupled with the effects of the COVID-19 pandemic and the Beirut port explosion, has exacerbated financial and psychological distress among the population. This research aims to understand the correlation between financial instability and parental stress, identifying key factors contributing to mental health challenges in this demographic. Methods: Employing a quantitative research approach, data was collected through an online survey from 785 parents from different backgrounds in Lebanon. The survey incorporated sociodemographic questions, the InCharge Financial Distress/Financial Well-Being Scale (IFDFW), and the Arabic version of the Parental Stress Scale (PSS). Data analysis was conducted using SPSS version 25. Results: Findings showed significant correlations between high levels of parental stress and factors such as age (r = 0.071, p = 0.047) and lower education levels. Notably, refugees residing in Lebanon exhibited higher stress levels compared to Lebanese parents (mean stress score: 51.73 vs. 45.71, p < 0.001). Similarly, employed participants exhibited higher stress levels compared to the nonworking (mean stress score: 46.75 vs. 44.60, p = 0.003). A significant inverse association was found between financial well-being and parental stress (r=-0.216, p < 0.001), emphasizing the profound impact of economic instability on mental health. Conclusions: This study highlights the adverse effects of financial insecurity on parents’ mental health, primarily during a period of economic instability, emphasizing the urgent need for targeted support interventions. These findings contribute to the literature on economic crises and mental health, providing a basis for future research and policy development in similar contexts. [ABSTRACT FROM AUTHOR]
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- 2024
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5. Stability of subjective well‐being during the economic crisis: A four‐wave latent transition analysis in a national sample of Poles.
- Author
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Rzeszutek, Marcin, Czerwonka, Monika, Stasiak, Adrianna, Drabarek, Katarzyna, Van Hoy, Angelika, Pięta‐Lendzion, Małgorzata, and Gruszczyńska, Ewa
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RUSSIAN invasion of Ukraine, 2022- , *PERSONALITY , *AFFECT (Psychology) , *FINANCIAL crises , *PRICE inflation - Abstract
This study aimed to examine profiles of subjective well‐being (SWB) and their stability during the economic hardships associated with the long‐term impact of the COVID‐19 pandemic and the Russian invasion of Ukraine. Selected sociodemographic, personality, and context‐related variables were tested as covariates. Data were collected from 1755 participants (mean age 45.75 ± 15.99 years) in a nationwide panel over four waves (from November 2022 to June 2023; 34.3% dropout rate). SWB was measured using the Satisfaction with Life Scale and the Positive and Negative Affect Schedule, while personality traits were assessed with the Ten‐Item Personality Inventory. Latent profile and transition analyses identified four SWB profiles (ambivalent, average, low, high) that remained stable over 8 months despite a significant drop in the inflation rate. Subjectively evaluated financial situation and the perceived impact of inflation on the household were significant covariates of profile membership, even after controlling for personality traits. The results of this study support the set‐point theory of SWB and suggest that SWB is stable under socially shared circumstances of economic hardships, which may be attributed to both individual‐level and country‐level processes. [ABSTRACT FROM AUTHOR]
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- 2024
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6. Conspiracy blaming in the aftermath of group relative deprivation: The moderating role of national narcissism.
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Bertin, Paul, Ionescu, Octavia, Green, Ricky, Abts, Koen, Rogenhofer, Julius, Delouvée, Sylvain, Yzerbyt, Vincent, and Klein, Olivier
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CROSS-sectional method , *HEALTH attitudes , *DEPRIVATION (Psychology) , *DEFENSE mechanisms (Psychology) , *SOCIOECONOMIC factors , *PILOT projects , *SCAPEGOAT , *DESCRIPTIVE statistics , *NARCISSISM - Abstract
Conspiracy beliefs entail a scapegoating function by attributing the consequences of crises, such as economic downturns, to the secret action of outgroups. While conspiracy beliefs have been described as reactions to economic threats, we argue that this factor alone is not sufficient. Rather, perceiving one's ingroup as unfairly deprived compared to other groups (i.e., group relative deprivation) might be key to explaining the situation in terms of secret, intentional wrongdoings. Furthermore, individuals high in national narcissism (i.e., a perceived lack of recognition of the ingroup's greatness), may be especially sensitive to this dynamic. Three pilot studies (N = 1237) attested the robustness of the link between group relative deprivation and conspiracy beliefs. Then, Study 1 (N = 812) revealed that the effect of group relative deprivation on conspiracy beliefs was moderated by national narcissism. In Study 2 (N = 728), we found effects of induced national narcissism and group relative deprivation on conspiracy beliefs in a fictitious setting. Study 3 (N = 846) replicated the moderation of national narcissism on the link between group relative deprivation and conspiracy beliefs at the cross‐sectional level. Overall, these studies provide evidence that conspiracy beliefs in reaction to group relative deprivation are especially likely among collective narcissists. We discuss the scapegoating function of conspiracy beliefs during crises. [ABSTRACT FROM AUTHOR]
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- 2024
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7. Societal Upheaval and the Contraceptive Transition.
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Lerch, Mathias
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CONTRACEPTION , *FAMILY planning services , *LITERATURE reviews , *YOUNG women , *CONTRACEPTIVES , *NATURAL disasters - Abstract
Human development and family planning programs since the 1970s have led to a fast‐rising prevalence of modern contraceptive means at the global level. However, countries with rising but still low levels of contraceptive use experienced an increasing number of societal upheavals, including armed conflicts, sudden and high‐intensity natural disasters, as well as dramatic effects of health epidemics. This may challenge the continued diffusion of modern means of birth regulation as well as their adherent use. To better understand the role of societal upheavals in the contraceptive transition, we provide a narrative literature review of their multidimensional pathways of influence in the contraceptive decision‐making process. The review suggests four main findings. First, well‐known contemporary barriers to contraceptive use become more salient during societal upheavals. Second, historical barriers reemerge predominantly. Third, societal upheavals exert specific effects on the contraceptive transition, such as through birth replacement, the repopulation of communities, and the sexual vulnerability of girls and young women. Fourth, there are more pathways leading to a reduced (rather than a heightened) contraceptive prevalence. The conclusion discusses the implications of those insights for the contraceptive transition, provides a critical perspective of the literature, and draws avenues for future research. [ABSTRACT FROM AUTHOR]
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- 2024
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8. Covid-19 lockdown policy and market quality: evidence from European stock markets.
- Author
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Wang, Ruizhe
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FINANCIAL markets ,FINANCIAL crises ,STOCKS (Finance) ,COVID-19 pandemic ,CRISIS management - Abstract
This study empirically examines the impact of lockdown policies in European financial markets, encompassing the United Kingdom and France, on market quality. I employ fixed-effect regression models to assess the influence of lockdown policies, alongside a Difference-in-Difference (DiD) natural experiment, incorporating Sweden as a control group. My findings reveal negative effects of lockdown policies on market quality, particularly regarding information efficiency. Moreover, these effects show persistent strength among all lockdowns. I also find non-lockdown policies can help to avoid significant decreases on market quality from both aspects. This study contributes valuable insights for policymakers and regulators, offering pertinent reference points for crafting and implementing effective crisis management policies from financial markets during turbulent economic periods. [ABSTRACT FROM AUTHOR]
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- 2024
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9. Unveiling employee motivating factors during economic crisis periods: A structural approach.
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Chatzoglou, Prodromos D., Diamantidis, Anastasios D., and Karras, Anastasios
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WHITE collar workers , *RECESSIONS , *JOB security , *WORK environment , *LEADERSHIP , *STRUCTURAL equation modeling , *LABOR market , *MOTIVATION (Psychology) , *ORGANIZATIONAL effectiveness , *JOB satisfaction , *SOCIAL support , *EMPLOYEE attitudes , *PSYCHOSOCIAL factors , *JOB performance - Abstract
Despite the unfavourable labour market and work environment conditions that have emerged in the last decade, this study identifies the factors that positively influence employee motivation. The study was conducted in Greece's banking sector, which was at the epicentre of the economic crisis. A new research model is proposed exploring the relationships between employee motivating factors, employee performance and organizational effectiveness. This model is empirically tested using structural equation modelling on data from 328 bank employees. The results are controversial, showing that non‐financial incentives motivate Greek bank employees most, emphasizing their need to stay in their jobs. Highly motivated workers may boost corporate effectiveness by improving employee performance. Even though this study found that non‐financial incentives motivate employees most, management should not overlook financial and job‐related reward programmes. Managers must provide financial compensation, job security, and supportive leadership to reduce employee dissatisfaction and keep employees motivated. Managers should view recognition as an essential component of motivation because it contributes to the creation of an environment that is both productive and efficient for the organization. The conclusions drawn from studying Greece's 10‐year‐long economic crisis are significant because many other countries around the world are experiencing (or may experience) a similar crisis. [ABSTRACT FROM AUTHOR]
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- 2024
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10. Populism in power and bailout conditionality: evidence from Greece.
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Katsikas, Dimitris and Tsatsanis, Emmanouil
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POPULIST parties (Politics) , *FISCAL policy , *POLITICAL reform , *IDEOLOGY , *DEBTOR & creditor , *FINANCIAL crises - Abstract
The article focuses on the policy record of the Syriza-Anel coalition that governed Greece from 2015 to 2019. The goal of the article is to contribute to the understanding of decision-making and policy choices of populists in power by focusing on the strategies, constraints, and opportunities available to populist governments under conditions of crisis and bailout conditionality. Using a process tracing methodology, the main finding of the article is that populist governments, even when forced to implement externally imposed policies that they oppose, maintain their populist character and ideology. The main lesson from the Greek experience is that populist governments can leverage the prioritization by the creditors of fiscal policy targets in order to stall reforms in other policy areas and pursue illiberal political reforms. This finding challenges the 'moderation' hypothesis concerning the ideological effect of governmental experience on populist parties. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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11. Analysis of workplace well-being of Slovakian employees during a crisis.
- Author
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Karácsony, Péter, Czókolyová, Angelika, Mura, Ladislav, and Streimikis, Justas
- Subjects
EMPLOYEE well-being ,WELL-being ,COVID-19 pandemic ,SMALL business ,JOB satisfaction - Abstract
The economic crisis of recent years has had a significant impact on the well-being of employees at work. The coronavirus that appeared in 2019 and the economic crisis have become one of the most powerful influencing factors in terms of workplace well-being. The actuality of the topic is given by the fact that the effects caused by the coronavirus crisis have still left a noticeable impact in many areas of working life. The primary goal of the study was to analyse the workplace well-being in Slovakian small and medium-sized enterprises. The methodology of the research was a questionnaire survey, interviewing a total of 772 employees in 2023. According to the research hypothesis, a significant correlation can be shown between workplace anxiety, nervousness, and sadness (negative emotions) and the achievement of workplace well-being. The obtained results support the correctness of the hypothesis that there is a significant correlation between the prevalence of negative emotions and the achievement of well-being at work. The results also showed how the order of the elements of the negative emotional factor affects the achievement of well-being at work: first of all, sadness at work, then anxiety at work, and finally nervousness at work, had an impact on the development of job satisfaction. [ABSTRACT FROM AUTHOR]
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- 2024
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12. Using an Ensemble of Machine Learning Algorithms to Predict Economic Recession.
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Omolo, Leakey and Nguyen, Nguyet
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MACHINE learning ,ECONOMIC forecasting ,RECESSIONS ,ECONOMIC indicators ,UNITED States economy - Abstract
The COVID-19 pandemic and the current wars in some countries have put incredible pressure on the global economy. Challenges for the U.S. include not only economic factors, major disruptions, and reorganizations of supply chains, but also those of national security and global geopolitics. This unprecedented situation makes predicting economic crises for the coming years crucial yet challenging. In this paper, we propose a method based on various machine learning models to predict the probability of a recession for the U.S. economy in the next year. We collect the U.S.'s monthly macroeconomic indicators and recession data from January 1983 to December 2023 to predict the probability of an economic recession in 2024. The performance of the individual economic indicator for the coming year was predicted separately, and then all of the predicted indicators were used to forecast a possible economic recession. Our results showed that the U.S. will face a high probability of being in a recession period in the last quarter of 2024. [ABSTRACT FROM AUTHOR]
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- 2024
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13. Job insecurity amid the COVID-19 pandemic and beyond: a systematic review and research agenda.
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Gupta, Himanshu and Dhar, Rajib Lochan
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HOTEL employees ,EMPLOYEE attitudes ,WORK environment ,COVID-19 pandemic ,PERSONNEL management ,LAYOFFS ,EMPLOYEE training ,TEACHER burnout - Published
- 2024
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14. Adapting to an Economic Crisis: The Market System vs Hierarchical Governance.
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Martinez, Octavio J.
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BUSINESS cycles ,INDUSTRIAL clusters ,FINANCIAL crises ,ECONOMIES of agglomeration ,ECONOMIC geography ,VERTICAL integration - Abstract
This research investigates how exchange governance and the local market system influence a firm's adaptability to an economic crisis. This paper unveils a nuanced performance disparity by leveraging a rich dataset of manufacturing firms in Spain. While vertically integrated firms exhibit superior performance during periods of stability, they confront more significant setbacks in the aftermath of economic crises. This study demonstrates that the extent of this performance divergence is contingent upon the thickness of the local market system, supporting the hypothesis that vertically integrated firms derive reduced adaptive benefits from agglomeration economies. These findings shed light on the dynamic interrelationship between a firm's vertical scope and geographical context. They underscore the significance of a holistic assessment when determining the optimal approach to exchange governance. This assessment must evaluate the advantages and drawbacks of autonomous versus coordinated adaptation across economic cycles and geographies. [ABSTRACT FROM AUTHOR]
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- 2024
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15. CEOs family on the boardroom and environmental, social, and governance disclosure: Exploring from economic crisis during COVID‐19.
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Ardianto, Ardianto, Cahyono, Suham, and Sulaiman, Noor Adwa
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CORPORATE directors ,SUSTAINABILITY ,COVID-19 ,ENVIRONMENTAL quality ,SUSTAINABLE development reporting - Abstract
This study examines the relationship between family‐run businesses and the quality of environmental, social, and governance (ESG) disclosure, with a specific focus on the influence of the COVID‐19 pandemic. Drawing on a sample of 559 firm‐year observations from publicly listed companies in ASEAN countries spanning from 2019 to 2022, this study measure ESG disclosure quality using the global reporting initiative guidelines for sustainability reports. Family‐run businesses are identified as those with family members serving on the board of directors. This study finding reveals that family‐run businesses exhibit higher ESG disclosure quality compared to companies without family representation on their boards. Furthermore, results show a significant positive impact of the COVID‐19 pandemic on the relationship between family‐run businesses and their ESG disclosure practices. The implications of this study are significant for various stakeholders, including owners, management, and regulators. This research contributes to the existing literature by offering empirical evidence on the relationship between family‐run businesses and ESG disclosure within the context of ASEAN countries, particularly amidst the COVID‐19 pandemic. By shedding light on the positive association between family involvement and ESG disclosure quality, this study provides valuable insights for practitioners and policymakers seeking to promote sustainable business practices in emerging markets. [ABSTRACT FROM AUTHOR]
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- 2024
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16. How do entrepreneurs build a resilient and persistent identity? Re-examining the financial crisis impact.
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Guerrero, Maribel and Walsh, Grace S.
- Abstract
This study examines re-entry entrepreneurs' response to exogenous shakeouts (economic crises). Concretely, we analyse how prior business failure experience contributes to the creation of an entrepreneurial resilience identity, through entrepreneurial persistence, during/after the Global Financial Crisis (GFC). Using data from 24 European countries from 2007 to 2014, our analysis shows that, while experiencing business failure can be challenging both personally and professionally, it also provides a tailored form of learning applicable in these challenging times. If entrepreneurs are confident and persistent, they may take advantage of failure experience, thus leading to entrepreneurial resilience, especially if they are re-entering via high-tech sectors. Our results contribute to the entrepreneurship literature by exposing the factors that increase entrepreneurial resilience and support entrepreneurial persistence. These insights may lead to the development of a resilient economy capable of overcoming the pandemic's recessionary impact. Several implications for policymakers and entrepreneurs emerged from this study. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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17. Book-Tax Differences during the Crisis: Does Corporate Social Responsibility Matter?
- Author
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Saptono, Prianto Budi, Mahmud, Gustofan, Pratiwi, Intan, Purwanto, Dwi, Khozen, Ismail, Imantoro, Lambang Wiji, and Wayan, Maria Eurelia
- Abstract
This study investigates the intricate relationship between corporate financial strategies, encapsulated by book-tax differences (BTDs), and firms' engagement in corporate social responsibility (CSR) programs during economic crises. Using an unbalanced panel dataset drawn from financial, annual, and sustainability reports of over 97 Indonesian non-financial firms from 2017 to 2022, this study reveals that economic crises and CSR activities positively influence total BTD and permanent differences. Notably, firms strategically leverage CSR initiatives amidst crises to enhance their corporate image and manage internal challenges like aggressive tax planning. The robustness of these findings was validated through endogeneity analysis and by examining sub-samples from industries most impacted by the pandemic. In the industries least affected by the pandemic, the direct impact of CSR on BTD was found to be negative, indicating that in the general context, the CSR programs held by these industries are largely driven by normative motives. However, when specified in the crisis context, CSR serves as a strategic buffer for these industries, which reaffirms the prevalence of CSR strategic motives during Indonesia's pandemic challenges. The findings suggest policy implications for shareholders, regulators, and policymakers to ensure CSR transparency aligns with long-term corporate values and societal impact, incentivizing genuine CSR practices amidst economic uncertainty. Despite its contributions, the study recommends future research explore different domains of CSR and validate findings across diverse contexts to enrich the understanding of CSR's role in corporate resilience strategies. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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18. Keeping Up with the Joneses during an Economic Crisis: The Effect of Different Types of Pay Cuts on Employee Performance.
- Author
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Cheng, Mandy M., Wu, Suyun, and Yang, Di
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WAGE decreases ,JOB performance ,PAY for performance ,SOCIAL comparison ,LABOR costs - Abstract
Many firms implement pay cuts to reduce labor costs during organizational crises and there are different ways to distribute pay cuts among employees. We experimentally investigate how employees respond to equal-share pay cuts compared to performance-based pay cuts. We predict and find that the effect of different ways of allocating pay cuts is moderated by employees' relative performance before the pay cuts. Compared to equal-share pay cuts, performance-based pay cuts lead to higher performance but only for employees who underperform their peers before the pay cuts. Performance-based pay cuts also result in higher team performance. Interestingly, we also find that when pay cuts are caused by an organizational crisis, low performers do not perceive it as unfair to receive a larger share of pay reduction. Our findings contribute to both literature and practice on pay reduction during organizational crises. Data availability: Data are available from the authors upon request. JEL Classifications: D91; J33; M40. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
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19. Financial insecurity and mental well-being: experiences of parents amid the lebanese economic crisis
- Author
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Ramona Nasr, Nada Nasr, Chadia Haddad, Samantha Abi Saab, Sara Abou Ibrahim, Joanne Karam, and Abir Abdel Rahman
- Subjects
Financial insecurity ,Mental well-being ,Parents ,Lebanon ,Economic crisis ,Parental stress ,Public aspects of medicine ,RA1-1270 - Abstract
Abstract Background This study investigates the impact of financial insecurity on the mental well-being and stress levels of parents in Lebanon amid the country’s severe economic crisis. The context of Lebanon’s economic collapse, coupled with the effects of the COVID-19 pandemic and the Beirut port explosion, has exacerbated financial and psychological distress among the population. This research aims to understand the correlation between financial instability and parental stress, identifying key factors contributing to mental health challenges in this demographic. Methods Employing a quantitative research approach, data was collected through an online survey from 785 parents from different backgrounds in Lebanon. The survey incorporated sociodemographic questions, the InCharge Financial Distress/Financial Well-Being Scale (IFDFW), and the Arabic version of the Parental Stress Scale (PSS). Data analysis was conducted using SPSS version 25. Results Findings showed significant correlations between high levels of parental stress and factors such as age (r = 0.071, p = 0.047) and lower education levels. Notably, refugees residing in Lebanon exhibited higher stress levels compared to Lebanese parents (mean stress score: 51.73 vs. 45.71, p
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- 2024
- Full Text
- View/download PDF
20. Factors Affecting Marketing Communications in Wartime
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Ivan Lutsii and Oleksandr Lutsii
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marketing communications ,impact of war ,consumer preferences ,brand perception ,advertising strategies ,economic crisis ,Accounting. Bookkeeping ,HF5601-5689 ,Finance ,HG1-9999 - Abstract
The company's choice of specific marketing tools and their combination depends on the goals set, the target audience's characteristics, the type of product being promoted, and the size of the budget. However, in crisis conditions caused by war, pandemic or natural disaster, the effectiveness of marketing communications is influenced by many more factors. The detailed analysis of such factors allows the company to adapt its marketing strategy to the realities of today. The article aims to reveal and systematize the factors affecting marketing communications in wartime conditions. It was found that the war changed companies' advertising policy, branding, and consumers' perceptions of goods and services. Therefore, to stay afloat, companies must study changes in the social climate on time and adapt their marketing strategies accordingly. Changing the nature and forms of communication with consumers plays a vital role in adapting marketing strategies. A consumer's attitude to specific brands and goods, based on the personal perception of the parties to the military conflict, is a sensitive factor in war conditions. Despite the general negative trend for business, the war opens up new opportunities for specific industries. In particular, using military themes in advertising can motivate the consumer to buy the company's products. However, one should be careful when using military symbols in advertising because the emotional perception of consumers can be different. Therefore, it is important to evaluate the negative consequences of war and understand how new opportunities can be used. The article systematizes the factors affecting marketing communications in wartime conditions and defines the measures that are an important component of business response to changes in market demand. The study results show that regardless of how effective the company's marketing strategy is in normal conditions, during the war, it needs to adapt to changes in the mood and habits of consumers and environmental factors.
- Published
- 2024
- Full Text
- View/download PDF
21. Analysis of workplace well-being of Slovakian employees during a crisis
- Author
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Karácsony Péter, Czókolyová Angelika, Mura Ladislav, and Streimikis Justas
- Subjects
workplace ,well-being ,economic crisis ,employee ,slovakia ,Business ,HF5001-6182 - Abstract
The economic crisis of recent years has had a significant impact on the well-being of employees at work. The coronavirus that appeared in 2019 and the economic crisis have become one of the most powerful influencing factors in terms of workplace well-being. The actuality of the topic is given by the fact that the effects caused by the coronavirus crisis have still left a noticeable impact in many areas of working life. The primary goal of the study was to analyse the workplace well-being in Slovakian small and medium-sized enterprises. The methodology of the research was a questionnaire survey, interviewing a total of 772 employees in 2023. According to the research hypothesis, a significant correlation can be shown between workplace anxiety, nervousness, and sadness (negative emotions) and the achievement of workplace well-being. The obtained results support the correctness of the hypothesis that there is a significant correlation between the prevalence of negative emotions and the achievement of well-being at work. The results also showed how the order of the elements of the negative emotional factor affects the achievement of well-being at work: first of all, sadness at work, then anxiety at work, and finally nervousness at work, had an impact on the development of job satisfaction.
- Published
- 2024
- Full Text
- View/download PDF
22. The importance of social policy and economic context for social work: a Latin American dialogue
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Fardin Pandolfi, Aline, Perez Soto, Olga, Spolander, Gary, and Garcia, Maria Lúcia Teixeira
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- 2024
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23. Entrepreneurship in times of economic stress: unraveling the U-shaped relationship between the internality of causal attributions and growth
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Monteiro, Guilherme Fowler A. and Artes, Rinaldo
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- 2024
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24. The impact of innovation orientation on strategic R&D amidst macroeconomic shocks – an event study approach
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Modi, Pratik, Pandey, Vivek, and Bhattacharya, Abhi
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- 2024
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25. Risk and Sustainable tourism resilience in the Post Economic Crisis and COVID-19 pandemic period
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Mirela MAZILU, Amalia NIȚĂ, Andrei BĂBĂȚ, Ionuț-Adrian DRĂGULEASA, and Mihaela GRIGORE
- Subjects
tourism risk ,resilience ,sustainable tourism ,economic crisis ,covid-19 pandemic ,Environmental sciences ,GE1-350 - Abstract
The study aims to explore the resilience and adaptation of the tourism sector during economic and health crises, with a focus on specific events and their impact. The main objective is to contribute with valuable insights to the ongoing discourse on crisis management and sustainable practices within the tourism industry. Thus, it presents the dynamics of the tourism sector's resilience and adaptability amidst challenges, spotlighting the repercussions of the 2008–2012 economic crisis and the unprecedented COVID-19 pandemic. Through a theoretical analysis of tourism risk, the research asserts the industry's susceptibility to exogenous hazards, emphasizing the multi-level risks spanning from individual businesses to the broader tourism landscape. The study shows the distinct characteristics that differentiate the 2008–2012 economic-financial crisis, highlighting globalization's intricate interdependencies, and the consequential impact on public finances. The dynamics of the tourism sector is concluding during two major crises: the economic downturn of 2008–2012 and the more recent COVID-19 pandemic. Both crises have underscored the vulnerability of the tourism industry to external shocks, revealing the need for a resilient approach to withstand and adapt to unforeseen challenges. The study underscores the importance of resilience in the tourism sector, emphasizing its adaptive capacity in the face of diverse challenges. By highlighting the risks posed by economic downturns and health crises, the research contributes to the ongoing dialogue on sustainable tourism practices and crisis management.
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- 2024
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26. Relationships between Inflation and Unemployment in the United States, Japan and Germany during the Economic Crisis Caused by the COVID–19 Pandemic
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Tomasz Grabia and Grzegorz Bywalec
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unemployment ,inflation ,phillips curve ,economic crisis ,pandemic ,Economics as a science ,HB71-74 - Abstract
The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment in the three most economically significant countries in the world (apart from China), namely the United States, Japan, and Germany, during the coronavirus pandemic (from January 2020 to February 2022). The pandemic has had various adverse effects worldwide, including a severe economic crisis lasting from the first quarter of 2020 to the end of the first quarter of 2021. The primary causes of this crisis include declines in aggregate supply due to lockdowns in many sectors of the economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and inflation in the countries studied during the above period were unidirectional. To verify this hypothesis, two basic research methods were used: analysis of correlation coefficients between the variables mentioned above and the shape of Phillips curves. Ultimately, the hypothesis was rejected because inflation during this period showed a decreasing tendency (mainly due to a significant drop in commodity prices). The article extends research presented in the literature before 2020, offering additional value by examining the period of the pandemic which precipitated an economic crisis. Future analysis should be expanded to include more variables (including the output gap) in line with the New Keynesian Phillips Curve.
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- 2024
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27. Challenges and Opportunities for the Development of Polish Enterprises in the Face of Crisis Threats
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Anna Sobczak and Ewa Chomać-Pierzecka
- Subjects
pandemic ,remote work ,economic crisis ,innovations ,changes ,enterprise ,Social Sciences - Abstract
Enterprises are currently facing difficult decisions due to the threats caused by the ongoing economic crisis, the war in Ukraine, and inflation. Due to broken supply chains, companies are struggling with rising costs and problems in the supply of raw materials. The economies have turned towards local markets. Companies are looking for ways to become independent from global suppliers and are trying to look for those who offer similar goods but in closer proximity to diversify supplies. Difficulties in recruiting appropriate staff cause problems related to staff turnover and changes in the organizational culture of the company. The research shows that companies focus less on strategies for entering new markets and focus on waiting out the difficult period and generating as few losses as possible. Companies that were already struggling with problems and did not manage to return to the pre-pandemic state after the pandemic are starting to implement a strategy of survival in the market. As research by other researchers indicates, innovation and the creation of new products are strongly related to the crisis. Companies, faced with changing market rules, are looking for new solutions. Companies that have been operating in the market longer cope better with changes and are more prepared for crises than young enterprises.
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- 2024
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28. Assessment of the Impact of the Job Satisfaction on Anxiety Level among Hospital Nurses in Lebanon: A Cross-Sectional Study
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Mohammad Kobeissi, Fatima Bahja, and Hayat Al Akoum
- Subjects
job satisfaction ,anxiety ,public hospitals ,private hospitals ,nurses ,economic crisis ,Medicine ,Nursing ,RT1-120 - Abstract
Introduction: During the past 4 years Lebanon suffered from a major economic crisis and a health care system crisis after COVID pandemic. Nurses as a part of the healthcare system, had to deal with the impact of both crisis and the consequences. "In this study, job satisfaction and anxiety levels of nurses from 4 Lebanese public and private hospitals were assessed. Correlations of the job satisfaction and anxiety levels among them and with sociodemographic, professional and socio-economic ones, were evaluated. Objectives: This study helps to determine the prevalence of the psychological distress and its association with the job satisfaction among hospital nurses during economic crisis in South and Beirut hospitals. Materials and Methods: It is a cross-sectional study that aims to identify a cause-effect relation between hospital nurses Job satisfaction, level of anxiety and different sociodemographic and professional characteristics. The study was done through an online questionnaire including: an introduction to the study, an agreement of participation, the sociodemographic and professional information of the participants, the Generalized Anxiety Disorder Assessment (GAD-7) rating scale and the Nursing Workplace Satisfaction Questionnaire “NWSQ”. Results: Findings confirmed a significant relationship among salary decreasing due to economic crisis and job dissatisfaction (Spearman’s rho = 0.157; p-value =0.009); and significant relationship between lower levels of job satisfaction and higher anxiety levels of Lebanese hospital nurses (Spearman’s rho = 0.367; p-value
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- 2024
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29. Iran’s message to the West will likely go unanswered
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- 2024
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30. Lebanon will likely be grey-listed in October
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- 2024
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31. Capital flows to be static in Middle East/North Africa
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- 2024
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32. Shifts in planning tradition amid an economic crisis and in light of a planning reform: the case of Greece.
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Tasopoulou, Anastasia
- Subjects
- *
STATE power , *FINANCIAL crises , *FEDERAL government , *SOCIAL context , *POLITICAL change - Abstract
Planning tradition is contextually changing in response to the political, social and economic environment. The economic crisis of the previous decade challenged the conventional Greek planning and governance model, by introducing new planning instruments that changed the balance of public- and private-sector involvement in the planning process. These shifts engendered planning dysfunctions, as the new and existing instruments functioned in competition. The planning reform currently being implemented reinforces public planning and the concentration of power at the central government level, with the state being called upon to address long-standing deficiencies in the consistency of planning policy, efficiency and feasibility. [ABSTRACT FROM AUTHOR]
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- 2024
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33. Exploring the Association Between Behavioural Modification in Response to the Prevailing Economic Crisis and Mental Health Outcomes of Nurses from Teaching Hospitals, Sri Lanka.
- Author
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Senevirathne, C.P, Senarathne, L., and Fernando, M.
- Subjects
RECESSIONS ,CROSS-sectional method ,BEHAVIOR modification ,MENTAL health ,ACADEMIC medical centers ,HOSPITAL nursing staff ,ANXIETY ,JUDGMENT sampling ,DESCRIPTIVE statistics ,CHI-squared test ,MULTIVARIATE analysis ,ODDS ratio ,PSYCHOLOGICAL stress ,RESEARCH methodology ,DATA analysis software ,CONFIDENCE intervals ,MENTAL depression - Abstract
Introduction: The nursing profession is a cornerstone in the healthcare workforce. Yet, it remains vulnerable to severe mental health challenges, stemming from a complex interplay of social and occupational factors. It is evident that crisis situations have profound influence on the mental-wellbeing of nurses. Objective: To explore the association between behavioural modification in response to the prevailing economic crisis and mental health outcomes of nurses from teaching hospitals, Sri Lanka. Methods: This cross-sectional study was carried out among nursing professionals (n = 261) who are employed in distinct teaching hospitals (n = 7) in Sri Lanka. Considering the bed-capacity of each hospital, participants were purposively selected and invited to complete an online-based self-administered questionnaire to collect demographic characteristics and lifestyle modifications to deal with the economic crisis, while Depression, Anxiety, and Stress Scale (DASS-21) a set of three self-reported scales to assess the level of depression, anxiety, and stress, was used. Data was analyzed using the SPSS 23.0 version, Descriptive analysis was performed to present frequencies of both demographic characteristics and lifestyle and symptoms of depression, anxiety, and stress, while the Chi-square test was used to determine the association between selected independent variables and mental health outcomes. A multivariate regression model was performed to determine the predictors of mental health outcomes of the study participants. Results: There were a total of 261 participants, 86.2% were married, and 66.2% had children. The proportion of mild to extreme depression, anxiety, and stress were 58.2%, 65.9%, and 72.0% respectively. In response to the economic challenges, 91.6% of study participants reported reducing expenditures on general household needs, while the proportion of participants who curtailed spending on food, monthly savings, and entertainment were 75.9%, 79.3%, and 73.6% respectively. Notably, 81.6% of participants initiated the process of applying for overseas employment, and 50.6% pursued academic programs to be eligible for foreign placements. Conclusion: The present study observed a higher level of depression, anxiety and stress among nurses from teaching hospitals in Sri Lanka. It was noted that nurses had taken steps to respond to financial strain by reducing essential elements of their routine. Additionally, study participants chose to seek foreign placements as a solution to the economic burden, as a result just over half of the respondents completed an academic program in order to be qualified for jobs abroad. Further, these initiatives are significantly associated with negative emotional disorders of the participants. Therefore, interventions should be implemented to promote positive mental health outcomes of nursing professionals in Sri Lanka. [ABSTRACT FROM AUTHOR]
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- 2024
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34. The impact of e-service quality on e-loyalty through the mediating effects of e-satisfaction and e-trust in Lebanon.
- Author
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Eddine Chmeis, Suzanne Talal Jamal and Zaiter, Rushdi
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- *
CONSUMER behavior , *BUSINESS success , *ONLINE shopping , *STAY-at-home orders , *ELECTRONIC services , *EMPLOYEE loyalty - Abstract
Businesses to reach customers. E-service quality is an online company's customer service. It includes website design, navigation, responsiveness, security, dependability, and customer support. E-commerce has grown due to its convenience, speed, and accessibility. Online businesses' success depends on e-service quality. When e-services are good, customers return. Poor e-service quality can occur. Poor e-service quality can turn customers away. Online businesses must offer high-quality e-services to satisfy customers and stay competitive. E-service quality affected e-loyalty. Website efficiency--ease of use, organization, and quick access--and website information quality--accuracy, frequency, clarity, and relevance--measure e-service quality. E-service quality dimensions affect e-satisfaction and e-trust, which are necessary for eloyalty. The research model's variables' influencing factors were also examined. The quantitative study surveyed Lebanon's online shoppers using a validated questionnaire. 2378 Lebanese from various backgrounds participated in the study. T-test, ANOVA, and SEM were used to analyse SPSS data. This study is important because the pandemic and lockdowns have changed consumer purchasing behaviour. Customers are more critical of e-commerce platforms and more comfortable using multiple devices to access online stores and apps as they shop more online. This study is timely and relevant for businesses trying to stay competitive in the changing ecommerce landscape due to consumer behaviour changes. Both e-service quality dimensions are positively correlated with e-loyalty determinants e-trust and e-satisfaction. E-trust and esatisfaction both have positive and significant relationships with e-loyalty, but e-satisfaction had a stronger effect. Through e-satisfaction and e-trust, e-service quality dimensions indirectly affect e-loyalty. [ABSTRACT FROM AUTHOR]
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- 2024
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- View/download PDF
35. The impact of national and international financial crises on mental health and well-being: a systematic review.
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Talamonti, Deborah, Schneider, Jekaterina, Gibson, Benjamin, and Forshaw, Mark
- Subjects
- *
RECESSIONS , *MENTAL health , *MENTAL illness , *WORLD health , *SYSTEMATIC reviews , *MEDLINE , *WELL-being , *PSYCHOLOGY information storage & retrieval systems , *PSYCHOSOCIAL factors - Abstract
Background: Evidence suggests that financial crises and poor mental health are reciprocally related, but no systematic review has been conducted to synthesise the existing literature on the impact of national and international financial crises on population-level mental health and well-being. Aims: The aim of this study was to systematically review the available literature on the global impact of financial crises on mental health and well-being outcomes. Methods: After registration on PROSPERO, a systematic search was conducted in PsycINFO, MEDLINE, Wiley, and Web of Science for papers published until 21 November 2022. Following the Preferred Reporting Items for Systematic Reviews and Meta-Analysis (PRISMA) statement, 98 papers were identified as meeting eligibility criteria. Included studies were assessed using the Mixed Methods Appraisal Tool (MMAT) and results were presented in a formal narrative synthesis. Results: Our findings show that financial crises are significantly associated with well-being and occurrence of psychological conditions. Several socio-demographic, cultural, and country-specific characteristics played a crucial role in the prevention of population mental health decline in periods of financial crises. Conclusions: Based on the findings of this review, evidence-based recommendations were developed to guide the design of policy actions that protect population mental health during and after financial crises. [ABSTRACT FROM AUTHOR]
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- 2024
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36. The mall as heterotopia under Greece's economic crisis: a sociospatial analysis in Thessaloniki.
- Author
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Frangopoulos, Ioannis, Papasimeon, Christina, Kourkouridis, Dimitris, and Kapitsinis, Nikos
- Subjects
- *
GLOBAL Financial Crisis, 2008-2009 , *FINANCIAL crises , *CONSUMERS , *POWER tools , *DIALECTIC , *SHOPPING malls - Abstract
This paper examines the socio-spatial constitution of the mall, as a basic consumption place, in the aftermath of the 2008 global economic crisis, employing a geographical approach to malls and a socio-spatial perspective on heterotopia, as a conceptual theoretical tool on the exercise of power and production of space. Introducing the concept of crisis-heterotopia, the case of the Mediterranean Cosmos shopping Centre in Thessaloniki, Greece, is employed, carrying out questionnaires and interviews with residents of Thessaloniki. The findings highlight the internal constitution of the mall as a crisis-heterotopia identified by the socio-spatial and cultural profiles and spatial representations of the consumers. [ABSTRACT FROM AUTHOR]
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- 2024
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37. ARTIFICIAL CRISES IN FINANCIAL MARKETS: PROBLEMS OF DIAGNOSIS AND PREVENTION.
- Author
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Alamarat, Mohammad, Koval, Oleksandr, Koval, Vicktorya, Danylchenko, Dmytro, and Miroshnyk, Oleksandr
- Subjects
FINANCIAL crises ,FINANCIAL markets ,SOCIAL impact ,INTERVENTION (Federal government) ,GOVERNMENT regulation - Abstract
Copyright of International Journal of Professional Business Review (JPBReview) is the property of Open Access Publications LLC and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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- 2024
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- View/download PDF
38. Lack of Risk Management at Insolvency Consulting Companies: An Empirical Study in Germany 2024.
- Author
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Seehaus, Sascha Rudolf and Peráček, Tomáš
- Subjects
INDUSTRIAL management ,RUSSIAN invasion of Ukraine, 2022- ,SUPPLY chain management ,RISK perception ,FINANCIAL crises - Abstract
In the wake of the COVID-19 pandemic, the Russian war of aggression against Ukraine and the resurgence of the Middle East conflict, government measures to support the economy have intervened massively in economic activity and thus influenced the real insolvency situation. This situation creates disruptive conditions in insolvency counselling and requires comprehensive risk management for the strategic safeguarding of internal processes in insolvency counselling companies. Despite a number of academic articles that address a lack of risk awareness in insolvency counselling, there have been no valid statistical surveys on this topic to date. The topic has also been largely ignored in practice. This article presents a study that examines risk management in insolvency advisory companies in the context of government intervention in the global economy from 2020 to 2023. The aim of the research is to assess the necessity and existence of risk management in these companies. A survey of 350 insolvency advisors was conducted between March and April 2024, from which 113 complete data sets could be analysed. The central hypothesis of the research study is that a significant majority of insolvency advisory companies have insufficient risk awareness and do not implement comprehensive risk management strategies. The survey results confirm that risk management is rarely practised and that a well-founded risk awareness is lacking in most consulting companies. It is noteworthy that two-thirds of those surveyed consider the benefits of risk management to be low, although more than half of those surveyed recognise increased risks due to government crisis measures. Ultimately, this study concludes with a recommendation that a standardised EU insolvency regulation could offer the greatest benefits for the insolvency sector, as it would simplify risk management for consultants in all member states. [ABSTRACT FROM AUTHOR]
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- 2024
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- View/download PDF
39. Planning reform and change in times of economic crisis: lessons from the expansion of private-led planning in Greece.
- Author
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Giannakourou, Georgia and Stamatiou, Konstantina
- Subjects
- *
FINANCIAL crises , *ECONOMIC change , *REFORMS - Abstract
This article discusses the expansion of private-led planning in Greece in the context of the changes that occurred in Greek planning policy and practice during the economic crisis of the 2010s and beyond. It examines the policy agendas and planning instruments adopted under the bailout programs, as well as the types of private-led initiatives that emerged in planning practice. It further analyzes the driving forces and the directions of change and assesses their significance. By linking external pressure to endogenous drivers of change, the article advances a bottom-up research agenda for examining planning reform and change under conditions of crisis. [ABSTRACT FROM AUTHOR]
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- 2024
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40. Agressividade tributária em cenário de crise econômica e dificuldade financeira: uma análise em empresas listadas na B3.
- Author
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de Oliveira Ferreira, Cássia, de Fátima Carvalho, Laiz, Araújo de Carvalho, Otávio, and Alves da Cunha, Jacqueline Veneroso
- Subjects
- *
FINANCIAL stress , *FINANCIAL crises , *TAX incidence , *REGRESSION analysis , *PANEL analysis - Abstract
Objective: The objective of this study was to verify the relationship between economic crisis scenarios, financial difficulties and tax aggressiveness in companies listed on B3. Methodology: This study, of a descriptive and documentary nature, adopted a quantitative approach, with a sample made up of 326 companies. Data analysis was performed using descriptive statistics and regression analysis with panel data. Results: The results found indicate that the crisis environment does not favor the adoption of aggressive tax strategies by the companies in the sample, contradicting what is evidenced in the literature, that there is a greater effort to reduce taxation in periods of crisis. However, it was identified that companies in financial difficulty tend to adopt aggressive tax strategies, seeking to reduce their tax burdens. Study Contributions: This study aims to enrich the debate on tax aggressiveness in Brazilian companies during economic crises, highlighting divergences in relation to previous research. Furthermore, the research seeks to expand knowledge in the tax area, promoting understanding of the profile of tax aggressiveness in scenarios of crisis and financial difficulty. [ABSTRACT FROM AUTHOR]
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- 2024
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- View/download PDF
41. Chinese Financing and Domestic Politics in Sri Lanka—Parallel Evolution across Mid-20th vs 21st Century Episodes of Bilateral Interactions.
- Author
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Moramudali, Umesh and Panduwawala, Thilina
- Abstract
This article studies the parallel evolution of Sri Lanka's domestic politics and China's foreign financing in Sri Lanka's post-independence era through four lenses, namely, political opposition, political gains, economic structure, and institutions. We focus on the bilateral relationship prior to Sri Lanka's economic liberalization and the aftermath of the middle-income transition and add three major findings to the literature. Firstly, Chinese economic engagements continue to have substantial political opposition in Sri Lanka. But the nature of such opposition evolved from ideology-based to sovereignty-based anti-China sentiments, which heavily correlate with elections. Economic relations with China have continued to evolve as political gains, which helped maintain government popularity in the short-to-medium term and exceeded the costs inflicted by political opposition. Secondly, the nature of the bilateral economic relationship has become more complex, moving from being purely government-to-government to involving multiple actors: Chinese policy banks, state-owned enterprises (SOEs), and the private sector. Thirdly, despite differences, Sri Lanka's governments have utilized economic relations with China for short-term political gains and to avoid structural reforms, especially in the run-up to Sri Lanka's sovereign default and unprecedented economic crisis in 2022. We conclude that China's approach to ongoing debt restructuring will affect domestic politics around China's engagements and affect how the bilateral economic relationship evolves. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
42. Porozumienia przedsiębiorców jako sposób obrony przed kryzysem gospodarczym - szansa dla gospodarki czy naruszenie konkurencji?
- Author
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WORONIECKI, PAWEŁ MAREK
- Abstract
Copyright of Studies of the Industrial Geography Commission of the Polish Geographical Society / Prace Komisji Geografii Przemyslu Polskiego Towarzystwa Geograficznego is the property of Press of Pedagogical University of Cracow and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
43. Polycrisis, Megatrends - Tax Policy Trends and Responses.
- Author
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Csűrös, Gabriella
- Subjects
FISCAL policy ,SOCIAL security ,INCOME tax ,TAX reform - Abstract
The EU relies heavily on labor taxation including social security contributions (accounting for more than half of all EU-27 tax revenues), though it can discourage labor market participation. Besides, ageing, digitalization, global markets, new forms of work and increasing labor mobility question the residence-based principle of personal income tax. The sustainability of the social security system can be promoted by additional behavioral tax (linked, for example, to the consumption of unhealthy products or the use of risky services). In the former socialist countries analyzed in this study (Croatia, Bulgaria, Latvia, Estonia, Hungary, Poland and Romania), the share of consumption taxes in total tax revenue is above 38%, well above the EU average. In countries with high consumption tax rates and significant consumption tax revenues, both labor and capital income tax revenues are typically below the EU average. The share of environmental taxes in tax systems is low, both on average in the EU and in the examined countries (although most of them are at or above average). Nonetheless, in the former socialist countries, the share of property taxes is lower than the EU average (for historical reasons, property taxation is less accepted by their societies). According to a Commission study published in 2024 (see: "Growth-Friendly Taxation in a High-Inflation Environment," European Commission, European Economy Economic Brief 079), strengthening property taxation would help to make the tax system fairer, although not in a time of high inflation and crisis. Harnessing the potential of digitalization contributes to efficient and effective tax administration and can also reduce administrative costs, thus facilitating compliance. Latvia, Hungary and Poland recorded an exceptionally large improvement in VAT compliance, with VAT gaps falling between 2013 and 2021 by over 15 pp, which turned them into the best performers in the EU (Romania still faces challenges in the field of tax avoidance, VAT compliance gap and inefficient tax auditing). Tax administrations in most of the analyzed countries are therefore well adapted to the challenges of digitalization. The future tax system must implement a desirable green tax reform shifting a part of the tax burden away from labor to tax bases linked to environment taxes and other behavioral taxes - regarding the sustainability of the tax system as the European and national budgets face significant financial pressure due to the polycrisis, megatrends and EU loans. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
44. Temporal volatility of Brent oil prices and interrelation with maritime traffic density in the Turkish Straits during COVID-19 crisis.
- Author
-
Yiğit, Ümüt
- Subjects
PETROLEUM sales & prices ,MARKET volatility ,COVID-19 pandemic ,MARITIME shipping - Abstract
This research evaluated variations in Brent oil prices and the interrelation with maritime traffic density in the Turkish Straits during the COVID-19 pandemic. The number of commercial ships that made non-stop over passage through the Turkish Straits in the last 5 years, covering the COVID-19 -and post-pandemic periods with economic instabilities was investigated along with variables of vessel characteristics such as; gross tonnage, size and type of vessel loads. Results of the present study reveal that the maritime traffic density between 2019 and 2023, was influenced by the pandemic crisis, when harsh quarantine measures of lockdown and curfews in the first shock wave. In the aftermath, conflicts between Ukraine and Russia led to economic recession or upheaval with instabilities in Brent oil prices. For the period examined in this study, the number of non-stop over passage vessels and gross tonnages used the Turkish Straits were affected by the pandemic outbreak and Brent oil price variations. The number of vessels decreased by 5.22% from 84,871 to 80,440 during the epidemic in 2020, and by 5.38% from 43.342 to 42.340 during the global recession in 2022. Overall, the number of non-stop over passage vessels using the Turkish Straits between 2019 and 2023 declined by 1.15%, while the gross tonnage and ship length increased by 3.44% and 13.24%, respectively. In total, the number of non-specific tankers (TTA) and those carrying chemicals (TCH) increased by 2.92% and 10.97%, respectively, but a 13.25% decrease was noted for the liquefied petroleum gas (LPG) tankers over the 5 years. Considering that the world trade network is largely dependent on maritime transportation, identifying the changes in maritime transportation with the interrelation of Brent oil during global crises may provide important data for strategy building of best trade management with foresights to world economic crises. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
45. INNOVATIVE STRATEGIES IN RISK MANAGEMENT AND CRISIS RESPONSE IN BUSINESS.
- Author
-
Artemchuk, Mykyta, Rachynska, Halyna, Mazur, Hennadii, Kyrchata, Iryna, and Ksenofontova, Maryna
- Subjects
SMALL business ,CRISIS management ,SERVICE industries ,MANUFACTURING processes ,FINANCIAL crises - Abstract
The growth and sustainable development of companies depend on their ability to adequately and effectively identify and utilize innovative strategies. The aim of the study is to determine the results of the innovative strategy of international small and mediumsized enterprises (SMEs) in times of economic crisis. The research involved 360 owners and managers of international SMEs in the European Union. The study used tabular and graphical methods, surveys, questionnaires, and correlation and regression analysis. It was found that 82.7% of SMEs improved their production processes, while 62.8% implemented innovations by acquiring new products or equipment. It was established that 82% of enterprises implemented innovative strategies in the commercial or trade sector, 73.2% in the service sector, and 77.7% in other sectors. The models developed in the study contribute to the modern development of the economy since they analyze the relationship between innovative strategies and determinants affecting their successful implementation and implementation. Prospects for further research include analyzing the types of innovative strategies that prevail in the activities of international SMEs, as well as their size and sectors of activity. [ABSTRACT FROM AUTHOR]
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- 2024
- Full Text
- View/download PDF
46. Situación del bienestar social en la región sureste de México. Un análisis de enfoque territorial.
- Author
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Torres Torres, Felipe and Rojas Martínez, Agustín
- Subjects
PUBLIC welfare ,POVERTY ,EQUALITY ,QUALITY of life - Abstract
Copyright of Revista de Economía (Universidad Autónoma de Yucatán) is the property of Universidad Autonoma de Yucatan, Facultad de Economia and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
47. Panem et circenses: removing political news to generate electoral support, evidence from Berlusconi's Italy.
- Author
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De Angelis, Andrea and Vecchiato, Alessandro
- Subjects
POWER (Social sciences) ,FINANCIAL crises ,MASS media influence ,ELECTIONS ,TELEVISION broadcasting of news - Abstract
This paper examines the strategic use of public news media – specifically television (TV) – as an instrument of political influence, focusing on Italy's 2011 financial crisis under Berlusconi's premiership. Using an original large corpus of over 20,000 hours of televised news transcripts and a quasi-experimental design, we investigate how political influence altered media coverage and, subsequently, public opinion and electoral outcomes. Our difference-in-differences analysis, complemented by unsupervised text scaling of news content, reveals a significant shift from "hard" political news to "soft" news on public TV during Berlusconi's tenure. Findings suggest a deliberate reduction in hard news coverage by an average of 107 seconds daily, which significantly increased voter support for Berlusconi's party. In the conclusions, we discuss the broader implications of our findings for media independence in Western democracies amid the emergence of artificial intelligence-generated news contents and the prevalence of algorithmically tailored news feeds. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
48. Economic Crisis Treatment Based on Artificial Intelligence.
- Author
-
Abd El-Aal, Mohamed F.
- Subjects
MACHINE learning ,BOOSTING algorithms ,GLOBAL Financial Crisis, 2008-2009 ,RUSSIAN invasion of Ukraine, 2022- ,ARTIFICIAL intelligence - Abstract
There are many possible causes of an economic crisis—a financial downturn, a banking meltdown, political strife (e.g., the Russia-Ukraine war), or a health-related catastrophe (e.g., Covid-19). Some of these crises are expected, while others are “bolts from the sky.” However, what is certain is that all these crises, whatever their cause, have a negative impact on global gross domestic product (GDP). If we can identify the components of output that have the most impact in an economic crisis, we might be able to mitigate its effects. Therefore, this paper uses machine learning algorithms to determine how the components of expenditure and sectoral value-added approach impact global GDP. The gradient boosting algorithm is the most accurate model for predicting and determining the impact of independent variables on a dependent variable. The results indicate that government spending has the largest effect on global GDP, accounting for 68.3% of the impact. The economic sector with the most impact on global GDP is the service sector, which affects global output by 42.3%, followed by the agricultural sector at 30.2%. Thus, stimulating government spending and the service sector may reduce the negative effects of an economic crisis. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
49. Efectos del Covid-19 en el emprendimiento en Santander (Colombia): Un análisis empírico.
- Author
-
Andrea Pérez-Cáceres, Natalia, Guerrero-Rincón, Isaac, and Carla Ardila-Barrera, Yenny
- Subjects
BUSINESSPEOPLE ,COVID-19 pandemic ,SUSTAINABLE development ,ENTREPRENEURSHIP ,ECONOMIC models - Abstract
Copyright of Revista Entramado is the property of Universidad Libre Seccional Cali and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2024
- Full Text
- View/download PDF
50. Predicting firms' resilience to economic crisis using artificial intelligence for optimizing economic stimulus programs.
- Author
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Kyriakou, Niki, Loukis, Euripidis N., and Maragoudakis, Manolis
- Abstract
Purpose: This study aims to develop a methodology for predicting the resilience of individual firms to economic crisis, using historical government data to optimize one of the most important and costly interventions that governments undertake, the huge economic stimulus programs that governments implement for mitigating the consequences of economic crises, by making them more focused on the less resilient and more vulnerable firms to the crisis, which have the highest need for government assistance and support. Design/methodology/approach: The authors are leveraging existing firm-level data for economic crisis periods from government agencies having competencies/responsibilities in the domain of economy, such as Ministries of Finance and Statistical Authorities, to construct prediction models of the resilience of individual firms to the economic crisis based on firms' characteristics (such as human resources, technology, strategies, processes and structure), using artificial intelligence (AI) techniques from the area of machine learning (ML). Findings: The methodology has been applied using data from the Greek Ministry of Finance and Statistical Authority about 363 firms for the Greek economic crisis period 2009–2014 and has provided a satisfactory prediction of a measure of the resilience of individual firms to an economic crisis. Research limitations/implications: The authors' study opens up new research directions concerning the exploitation of AI/ML in government for a critical government activity/intervention of high importance that mobilizes/spends huge financial resources. The main limitation is that the abovementioned first application of the proposed methodology has been based on a rather small data set from a single national context (Greece), so it is necessary to proceed to further application of this methodology using larger data sets and different national contexts. Practical implications: The proposed methodology enables government agencies responsible for the implementation of such economic stimulus programs to proceed to radical transformations of them by predicting the resilience to economic crisis of the firms applying for government assistance and then directing/focusing the scarce available financial resources to/on the ones predicted to be more vulnerable, increasing substantially the effectiveness of these programs and the economic/social value they generate. Originality/value: To the best of the authors' knowledge, this study is the first application of AI/ML in government that leverages existing data for economic crisis periods to optimize and increase the effectiveness of the largest and most important and costly economic intervention that governments repeatedly have to make: the economic stimulus programs for mitigating the consequences of economic crises. [ABSTRACT FROM AUTHOR]
- Published
- 2024
- Full Text
- View/download PDF
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