Article

 

JOB INSECURITY AND JOB SATISFACTION IN THE GREEK PUBLIC SECTOR: THE CASE OF e-EFKA (p.13-37)  [Fichier PDF]
 
by
 
Foteini Roumelioti , UNIVERSITY OF PATRAS
 
Keywords : Job insecurity, Job satisfaction, Public Sector, Greece
JEL classification : J28, J45, M54
 
Abstract
The main objective of this article is the investigation of the correlation between the levels of job insecurity of the Electronic Unified Social Security Agency (e-EFKA) employees, the largest public insurance organization in Greece, and their job satisfaction. From the empirical research it emerged that the participants experience high levels of quantitative and qualitative job insecurity, which shows a negative and statistically significant relationship with job satisfaction in both its dimensions, i.e. intrinsic and extrinsic. Also, the stereotypical perception of the absolute job security of public employees is challenged by the results of the research, while suggestions for reducing their job insecurity by enhancing their job satisfaction are provided.

 

 

RETAILING DURING COVID-19: WEATHERING THE STORM (p.39-55)  [Fichier PDF]
 
by
 
Antonios Zairis, NEAPOLIS UNIVERSITY, Pafos
George Zairis , UNIVERSITY OF THE PELOPONNESE
 
Keywords : Retail, COVID-19, Consumer behaviour, Sales, e-commerce
JEL classification : I15, L66, L67, O57
 
Abstract
In addition to its tremendous consequences on public health, COVID-19 caused a significant economic impact on every region, every industry, and ultimately all aspects of human life. The paper focuses on its effect on global retailing as well as the emerging trends in consumer behaviour that was caused by the health crisis. It appears that the consequences on the retail sector can be characterized as heterogeneous, although the long-term effects are yet to be determined. The research also refers to the technological advances that reshaped retailing and the measures needed to be taken to support the sector.

 

 

FOREIGN DIRECT INVESTMENT AND ECONOMIC DEVELOPMENT: EVIDENCE FROM NIGERIA (p.57-76)  [Fichier PDF]
 
by
 
Kowo Solomon Akpoviroro, KWARA STATE UNIVERSITY NIGERIA
Ľubica Varečková, UNIVERSITY OF SS CYRIL AND METHODIUS IN TRNAVA
 
Keywords : Foreign Direct Investment (FDI), Exchange Rate, Economic Development, Nigeria
JEL classification : F20, F21, F40, O10, O20, O30, O55
 
Abstract
FDI and other macroeconomic variables such as the exchange rate, economic openness, and public sector investment are significant macroeconomic variables that drive economic growth and development. As a result, every government's ability to sustain and maintain a balance among them is critical to long-term development. The study's goals were to establish the impact of foreign direct investment on Nigeria's economic development as well as the impact of the exchange rate on Nigeria's economic development. The ex-post facto research design was used in this study, as well as secondary data. The explanatory variable was Foreign Direct Investment, and the control variable was the exchange rate. The study spans the years 1981 through 2019. The explanatory variable was Gross Fixed Capital Formation, which is a proxy for economic progress, and the model was estimated using the Auto Regressive Distributed (ARDL) Model. The data for this study came from the World Bank Data Base's World Development Indicators of 2019 and the Central Bank of Nigeria's Statistical Bulletin of 2019. According to the study, a 1.4 unit increase in foreign direct investment leads to a 1.4 unit increase in gross fixed capital creation. In addition, a unit increases in the exchange rate causes a 0.03 unit fall in gross fixed capital formation, and vice versa. According to the findings, there is a negligible positive link between FDI and GFCF, but a strong negative relationship between EXR and GFCF. As a result, the report suggests that FDI inflows be used to fund capital projects that are not for current consumption, such as good road networks, train lines across the country, and stable electricity supply. Without a doubt, this would lower the cost of doing business in Nigeria and boost profitability. According to our findings, while FDI alone cannot lead to economic growth and development, when other factors such as a favorable climate and simplified pre-investment procedures are available, more FDI will be drawn to key economic sectors, contributing to economic growth and development.

 

 

CORPORATE DIGITAL RESPONSIBILITY: BENEFITS AND NEW OPPORTUNITIES (p.77-85)  [Fichier PDF]
 
by
 
Maya Katenova, KIMEP UNIVERSITY
 
Keywords : CSR, CDR, Digitalization, Society, Benefits, Opportunities
JEL classification : Q10, Q20, M10, M20
 
Abstract
The paper attempts to define the concept of Corporate Digital Responsibility. Moreover, different benefits of CDR are discussed in the manuscript. At the same time, the issue of Corporate Social Responsibility is discussed in relation to Corporate Digital Responsibility. Both CDR and CSR are connected with each other and both are beneficial to the society in general. The paper connects both CDR and CSR and demonstrates all possible benefits of digitalization. CDR issue is promising and it provides different benefits for the society as well as for businesses. Digitization concerns the virtual world today. Nowadays, we live in a time, where it is important to merge sustainability with the virtual world, bringing these two concepts together is crucial. This merging is called Corporate Digital Responsibility (CDR). The importance of digitalization is discussed as well as benefits of digitalization. An obvious benefit of digitization of CSR is the scaling back on the use of paper. Cloud storage eliminates paper waste and makes it easier to access all documents from anywhere. Digitalization reduces the emissions produced for every ton of paper. Paper does not only create energy waste; it also creates water waste. The paper production endangers natural habitats: over thirty million acres of woods are being destroyed yearly. Therefore, a digital platform or an application can significantly lower the organization’s environmental impact. Moreover, it can reduce the strain of internal sources. This pollution comes from storing information in data centers, which consume a lot of energy.

 

 

PEOPLE NOW WEAR MASKS: IS IT THE OUTCOME OF INDIVIDUAL’S PSYCHOLOGICAL INFLUENCE BEING SAFE? (p.87-97)  [Fichier PDF]
 
by
 
Akim M. Rahman, CANADIAN UNIVERSITY OF BANGLADESH & SOCIAL AND ECONOMIC RESEARCH INSTITUTE (SERI)
 
Keywords : COVID-19 crisis, Traditional approach, Convincing approach, Business-mentality, Effective management
JEL classification : I10, I11, I12, I15, I18, I19
 
Abstract
Human psychology influences individual’s decision where numerous factors can be used exploiting the decision in the 21st business-mentality world. But this approach was missing addressing the severity of the COVID-19 crisis while it was spreading globally country-wise. Most countries like Bangladesh were not prepared meeting the challenges. Addressing the issue, they started with traditional-approaches namely lockdown and no-mask no-service etc. However, a large population nationwide had ignored the restrictions. However, no effort was given for convincing people, making them for understanding and then makes appeal for peoples’ actions etc. rather using traditional approaches. Today there is no lockdown and no restriction in place. But small percentage of the population wears masks. This dichotomy in result raises question: Is it the outcome of individual’s psychological influence being safe? This study scrutinizes the answer using the Consumer Choice & Behavioral Theory lens. Thus, it concludes that some factors such as perceived risk, being see of consequences, messages through media and feelings of responsibility & safety out of self-consciousness etc. play significant roles in today’s scenario. Since most people are risk-averse, utility analysis of the factor(s) of psychology influence such as individual’s understanding about severity, knowledge etc. are dominating today’s scenario where expected utility leads mask-wearing today. Thus, the policy-proposal ratifies that utilization the techniques of convincing people rather imposing command & control could have undercut the number of deaths. Welfare analysis of the policy-proposal can lead to future study on today’s scenario.

 

 

CRISIS MANAGEMENT IN TOURISM (p.99-113)  [Fichier PDF]
 
by
 
Panoraia Poulaki, UNIVERSITY OF THE AEGEAN
Maria Lagou, UNIVERSITY OF WEST ATTICA
Anna Maria Pachou, UNIVERSITY OF THE AEGEAN
 
Keywords : Crisis Management, Tourism, Strategic plan, Development
JEL classification : L1, L50, L80, M19
 
Abstract
In recent years, there has been a great deal of talk about crises and their management. A crisis is a serious and unforeseen event it can occur without any warning and is associated with situations characterized by a serious threat, uncertainty and a sense of urgency. This includes a threat to human and resources, the element of surprise, loss of control, and a short time to make a decision. The crisis is accompanied by escalating tension, an unforeseen situation, the public or international image endangered, causing damage. The crisis is characterized by the need for quick decisions and effective response. The impact can affect the products and services, an organization or stakeholder, even the financial situation of a country. In addition, it can even cost their viability. There is a feeling of insecurity and danger and all functions and rhythms are affected. There are many examples of the destruction of destinations or businesses in the tourism industry. Serious catastrophic changes have affected tourism in Greece as well. There have been crises in tourism related to terrorism, political instability, economic crisis and natural disasters. Crises in tourism are categorized as sudden and underwhelming. The crisis phases are as follows: Pre-crisis phase, situation phase, acute/peak phase, coping or impact phase, recovery or dissolution phase. It is very important to anticipate crises in order to prevent unpleasant consequences. Crisis management is a key demand of tourism businesses for a more efficient, faster and better outcome. Crisis management will be a basic factor in tourism development and the major core of the development of societies. A coordinated effort is required of all involved, immediate decision-making and implementation of the action plan. Every government agency or tourism business must be prepared to plan and manage the threat/crisis with the right people. Key elements of crisis management are forecasting and strategic planning for a possible future crisis. It is necessary to have a sense of responsibility for tourism crisis management issues. High level of care, planning and know-how are needed to successfully deal with the crisis. At the same time, the design must be accompanied by competent and trained executives with approved funds for risk management. In the absence of proper planning, developments are rapid and reactions ineffective. This is the biggest threat to the tourism industry. Crisis management is directly related to marketing planning. Tourism companies are provided with an adequate plan to deal with crises. The planning and proper preparation lead to ensuring the least negative consequences that the crisis can cause. The purpose of this research is to highlight the importance of crisis management in Greece, as it is a vital tool and can protect the tourism stakeholder/organization, even the country if the process is properly implemented. Every business must have a crisis plan in place and be properly prepared. An integrated crisis management system with constantly well-trained staff is capable of dealing effectively and dynamically with accidents or disasters in tourism.

 

 

KORERIMA SMALL SCALE PRODUCTION IN ETHIOPIA: the case of GEWATA WOREDA, KAFFA ZONE (p.115-148)  [Fichier PDF]
 
by
 
Zarihun Tolera Bulto, SALALE UNIVERSITY, COLLEGE OF BUSINESS AND ECONOMICS
 
Keywords : Economic efficiency, Stochastic frontier model, Censored Tobit model, Korerima, Small scale production, Ethiopia, Gewata Woreda, Kaffa zone
JEL classification : Q12, Q18, Q01, Q10, Q19
 
Abstract
The study evaluates the determinants of korerima production and economic efficiency in Ethiopian agriculture using data from 234 smallholder producers. The determinants include age, sex, family size, education, livestock holding, credit utilization, experience, land ownership, total cultivated land, and organic fertilizer utilization. The study suggests that policymakers and development practitioners should address these factors to improve the well-being of korerima producers by using best practices and setting targets for improvement.