Scientific Annals of Economics and Business https://saeb.feaa.uaic.ro/index.php/saeb <p> </p> <p><strong><a href="http://saeb.feaa.uaic.ro/index.php/saeb/about/submissions#onlineSubmissions" target="_self"><span style="float: right; font-size: 20px; color: #600; border-bottom: 1px dotted #660000; animation: blinker 1s linear infinite;">Online Submission</span></a></strong></p> <p>On behalf of the editorial board of the<span class="apple-converted-space"> </span><em><strong>Scientific Annals of Economics and Business</strong></em>, we are pleased to inform you that <strong>we are continuously accepting manuscripts for the next issues</strong>.</p> <p>The Journal, founded in 1954, is <strong>published four times a year (</strong>in <strong>March, June, September</strong><strong>, and December)</strong><em>,</em> under the sponsorship of the Alexandru Ioan Cuza University of Iasi, the oldest higher education institution in Romania, a place of excellence and innovation in education and research established in 1860. Until 2015 the journal was published under the name <em>Analele ştiinţifice ale Universităţii "Al.I. Cuza" din Iaşi. Ştiinţe economice</em>.</p> <p class="Default"><strong>The journal is indexed by Clarivate Analytics (formerly Thomson Reuters) </strong><strong>Web of Science Core Collection – <a href="https://mjl.clarivate.com/home?PC=EX&amp;Full=*SCIENTIFIC%20ANNALS%20OF%20ECONOMICS%20AND%20BUSINESS">Emerging Sources Citation Index</a>, </strong><strong><a href="https://www.scopus.com/sourceid/21100786911">Scopus</a>, <a href="https://search.ebscohost.com/">EBSCO</a> and <a href="https://www.aeaweb.org/econlit/journal_list.php#S">EconLit</a> </strong>(The American Economic Association’s electronic bibliography), is fully available at the Research Papers in Economics (RePEc), Directory of Open Access Journals (<a href="https://www.doaj.org/toc/2501-3165?source=%7B%22query%22%3A%7B%22filtered%22%3A%7B%22filter%22%3A%7B%22bool%22%3A%7B%22must%22%3A%5B%7B%22terms%22%3A%7B%22index.issn.exact%22%3A%5B%222501-3165%22%5D%7D%7D%2C%7B%22term%22%3A%7B%22_type%22%3A%22article%22%7D%7D%5D%7D%7D%2C%22query%22%3A%7B%22match_all%22%3A%7B%7D%7D%7D%7D%2C%22from%22%3A0%2C%22size%22%3A100%7D">DOAJ</a>), <a href="https://kanalregister.hkdir.no/publiseringskanaler/erihplus/periodical/info.action?id=494633">ERIH PLUS</a>, Central and Eastern European Online Library (<a href="https://www.ceeol.com/search/journal-detail?id=1834">CEEOL</a>), and Scirus. In addition, the Journal is included in <a href="http://www2.cabells.com/">Cabell's Directories</a>, Index Copernicus, Online Catalogue of the ZBW - German National Library of Economics (ECONIS), International Consortium for Advancement of Academic Publication (ICAAP), Electronic Journals Library, The Knowledge Base Social Sciences in Eastern Europe, Scientific Commons, The ZDB, Intute: Social Science (SOSIG - Social Science Information Gateway), New Jour, GESIS SocioGuide, Genamics Journalseek, Catalogo Italiano dei Periodici (ACNP), Google Scholar, and ResearchGate.</p> <p>Authors are invited to submit manuscripts to be reviewed for possible publication in the Journal. It publishes articles in all areas of economics, business and related disciplines. The paper must be an original unpublished work written in English (British or American) that is not currently under review by other journals.</p> <p><strong>There are no submission or publication costs for authors.</strong></p> <p>Manuscripts should follow the format <a href="http://saeb.feaa.uaic.ro/index.php/saeb/about/submissions#authorGuidelines">style</a> of the journal. The papers should not exceed 30 pages including figures and references, and an author is only allowed to publish one paper per issue. Detailed background information on the submission of papers and review process can be found in the <a href="http://saeb.feaa.uaic.ro/index.php/saeb/about/submissions#onlineSubmissions"><em>Submission section</em></a>.</p> <p class="Default">The manuscripts are to be submitted electronically, via Journal’s <a href="http://saeb.feaa.uaic.ro/index.php/saeb/about/submissions#onlineSubmissions">website</a>, which offers a fully <strong>online manuscript submission and tracking system</strong>. Following submission, the author(s) track and check the latest status of the article quite easily by the help of the system.</p> <p class="Default">Submitted manuscripts will receive an initial screening from the editorial board before entering the double-blind review process. The Journal maintains a rapid electronic submission, review and publication process. On average, the double-blind review process (from submission to first editor decision) takes around 12 weeks and from acceptance to appearance online around 2-4 weeks.</p> <p>Accepted papers will be available on the journal website soon after acceptance, in a special section, <em><a href="http://saeb.feaa.uaic.ro/index.php/saeb/issue/view/11">Early Bird</a></em>. This “advance access” system enables us to publish papers online well ahead of their appearance in the printed journal. It also allows authors to obtain citations earlier, due to the use of 'Digital Object Identifier' (DOI).</p> <p><strong>Type of publication</strong>: scientific/academic; <strong><em>open access</em></strong>, <em><strong>peer-reviewed</strong></em> journal.</p> <p><strong>Publication frequency: </strong>four issues per year (March, June, September, and December)</p> <p><strong>Language</strong>: English</p> en-US <p><strong>All accepted papers are published on an Open Access basis</strong>. </p> <p>The <strong>Open Access License</strong> is based on the Creative Commons license. </p> <p>The non-commercial use of the article will be governed by the <strong>Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License </strong>as currently displayed on <a href="https://creativecommons.org/licenses/by-nc-nd/4.0">https://creativecommons.org/licenses/by-nc-nd/4.0</a></p> <p>Under the Creative Commons Attribution-NonCommercial-NoDerivatives license, the author(s) and users are free to share (copy, distribute and transmit the contribution) under the following conditions:</p> <p>1. they must attribute the contribution in the manner specified by the author or licensor,</p> <p>2. they may not use this contribution for commercial purposes,</p> <p>3. they may not alter, transform, or build upon this work.</p> saeb@uaic.ro (prof. dr. Ovidiu Stoica, Editor-in-Chief) saeb@uaic.ro (Napoleon-Alexandru Sireteanu) Fri, 28 Jun 2024 14:45:56 +0000 OJS 3.3.0.8 http://blogs.law.harvard.edu/tech/rss 60 Heterogeneous Dependence Between Green Finance and Cryptocurrency Markets: New Insights from Time-Frequency Analysis https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2381 <p>Green finance is becoming more and more important as a way to fund environmentally friendly initiatives and lower carbon emissions. Green bonds have emerged as a significant financing tool in this context, and it is critical to understand how they interact with other components of the finance ecosystem, such as cryptocurrency and carbon markets, particularly during recent crises such as the COVID-19 outbreak and the Ukraine invasion. This study aims to empirically investigate the lead-lag associations between major cryptocurrency markets and green finance measured in terms of green bonds. For empirical estimation, the wavelet analysis and spectral Granger-causality test are employed to analyze the daily data, covering the period from 2018 to 2023. The results show that the correlation between the returns of the green bond market and cryptocurrencies is not stable over time, which rises from the short- to long-run horizon. However, the co-movements between these assets tend to be different and, in some cases, strong, especially during recent crises. Furthermore, the Granger causality test demonstrates the existence of a bi-directional causality between the prices of the cryptocurrencies and green bonds. These findings have significance for portfolio managers, investors, and researchers interested in investing strategies and portfolio allocation, suggesting that green markets may be used as a hedge and diversification tool for cryptocurrencies in the future.</p> Mau Ba Dang Nguyen Copyright (c) 2023 Mau Ba Dang Nguyen https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2381 Sat, 06 Apr 2024 00:00:00 +0000 Tools in Marketing Research: Exploring Emotional Responses to Stimuli https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2305 <p>Electromyography (EMG), galvanic skin responses (GSR), and electrocardiogram (ECG) tools have been used to investigate emotional responses to marketing stimuli, encompassing advertisements, product packaging, and brand logos. However, despite the widespread application of EMG, GSR, and ECG tools in neuromarketing research, a comprehensive synthesis of their collective impact remains conspicuously absent. Addressing this gap is the primary goal of the present review paper, which systematically scrutinizes recent studies employing EMG, GSR, and ECG to assess emotional responses to marketing stimuli. Employing the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) protocol, relevant articles were meticulously extracted from the Scopus database, spanning the years 2009 to 2022, including twenty articles for detailed analysis. The outcomes of this review underscore the unique insights offered by these tools into emotional reactions, emphasizing that their collective utilization can afford a more comprehensive understanding of these intricate processes. This propels advancements in comprehending the pivotal role of emotions in consumer behavior and serves as a guidepost for future research directions in this burgeoning field. Ultimately, this paper aims to furnish a broad understanding and detailed insights into the current trends within neuromarketing research, specifically employing EMG, GSR, and ECG tools.</p> Ahmed Alsharif, Ahmad Khraiwish Copyright (c) 2023 Ahmed Alsharif, Ahmad Khraiwish https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2305 Tue, 04 Jun 2024 00:00:00 +0000 Impact of Cost of Capital on European Economic Growth: The Role of IFRS Mandatory Adoption https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2220 <p>Since 2005, the International Financial Reporting Standards (IFRS) mandatory adoption in the European Union has played a pivotal role to reduce financing costs which has influenced positively economic growth across member states. Thus, this study examines the effect of Cost of Capital on Economic Growth under IFRS mandatory adoption in 17 European countries between 1994 and 2021 using Pooled Mean Group Autoregressive Distributed Lag (PMG-ARDL) and System Generalized Method of Moments (GMM-system) methods. The findings reveal a positive correlation between the Cost of Capital and Economic Growth under IFRS adoption. Specifically, the model estimates indicate that the Cost of Capital contributes to a 0.58% increase in Economic Growth in the PMG-ARDL framework. Moreover, the GMM-system model underscores the significance of IFRS adoption in reducing the Cost of Capital, leading to a 0.52% increase in Economic Growth. These results provide insights into the benefits of adopting international accounting standards and highlight the importance of institutional and financial factors in shaping the economic impact of adopting accounting standards.</p> Ghouma Ghouma, Hamdi Becha, Maha Kalai, Kamel Helali Copyright (c) 2024 Ghouma Ghouma, Hamdi Becha, Maha Kalai, Kamel Helali https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2220 Wed, 26 Jun 2024 00:00:00 +0000 The Importance of Social Capital in Promoting Financial Inclusion: An International Perspective https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2273 <p>This paper quantitatively explores the significance of social capital in enhancing international financial inclusion, with a specific focus on its usage dimension, represented by formal credit coverage. Through panel FGLS (Feasible Generalized Least Squares) and PCSE (Panel Corrected Standard Errors) analysis of a sample comprised of 24 countries for the period 2006 – 2021 and utilizing data obtained from diverse sources, it demonstrates that a country's credit coverage is influenced by both informal and formal social capital while controlling by factors such as access channels to financial products, measures to address asymmetric information and educational levels. The results underscore that, while financial inclusion is promoted through internationally accepted standards, its effectiveness is closely intertwined with the social context of implementation. Furthermore, formal institutions play a crucial role in shaping financial inclusion by fostering innovation, entrepreneurship, and technological advancement, while attitudes to risk and planning time horizons also significantly impact this dynamic. Notably, nations embracing a pragmatic outlook tend to have more viable access to bank loans, whereas risk aversion impedes economic actors´ propensity to engage in credit agreements, even when accessible.</p> Lilianne Isabel Pavón Cuéllar Copyright (c) 2023 Lilianne Isabel Pavón Cuéllar https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2273 Sat, 15 Jun 2024 00:00:00 +0000 Positions and Delimitations Regarding the Financial Performance - Sustainability Relationship in the Context of Organizational Resilience https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2508 <p>Sustainability can guide the decision-making process of managers in obtaining competitive advantages. Incorporating sustainability criteria into the main managerial strategies of organizations generates long-term profitability. Using Structured Literature Review (SLR) as a research methodology we synthesize the characteristics and differences between financial performance and sustainability in the context of organizational resilience. Therefore, this paper offers a comprehensive structured literature review based on the relationship between the concepts of financial performance, sustainability, and organizational resilience, using research studies from four main databases: Web of Science, Scopus, ScienceDirect, and Springer. In carrying out this study, we identified the current trends in the specialized literature regarding the relationship between financial performance and sustainability in the context of organizational resilience as they were debated in the analysed literature, until the end of September 2023, in 116 papers.</p> Mihaela Neacsu, Iuliana Eugenia Georgescu Copyright (c) 2023 Mihaela Neacsu, Iuliana Eugenia Georgescu https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2508 Thu, 20 Jun 2024 00:00:00 +0000 The Effect of Personality Characteristics on the Development of Interpersonal Communication Skills Through One-Time Training https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2575 <p>The importance of interpersonal communication skills in the business environment will only increase as the world undergoes trends of globalization and digitization, as well as various crises. The factors that affect interpersonal skills, such as life experience, situational factors, and individual characteristics, are difficult to isolate. Among the prominent antecedents of interpersonal communication effectiveness are personality characteristics. The current study used one-time training to examine how personality traits and interpersonal skills relate among 127 managers from a wide variety of professions in Israel. The current study confirmed the effect of personality characteristics on interpersonal communication skills, albeit weakly. A significant improvement was found in the Emotional stability following the training. Participating in the training changed the way people associate personality traits with Interaction management. An in-depth study of an intervening variable found that those with low extraversion and high conscientiousness improved assertiveness, empathy, supportiveness, openness to experience, and self-disclosure, in contrast to those with less solid personality characteristics who showed a smaller improvement or even decreased in these skills. Our findings have important implications for increasing the effectiveness of interpersonal skills training.</p> Alon Efrat, Adriana Zait Copyright (c) 2023 Adriana Zait, Alon Efrat https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2575 Thu, 27 Jun 2024 00:00:00 +0000 Exploring Economic Development Strategies for Canadian Indigenous Communities Post-Pandemic https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2344 <p>The COVID-19 pandemic has strongly impacted the Indigenous Canadian economy. Indigenous enterprises exist in every industry, from small proprietorships to major organizations employing thousands of people. The research concerning the effects of such peculiarities on Indigenous corporations is sparse. This research aimed to examine how the pandemic affected development companies by comparing pre-epidemic forecasts to the trajectory of Indigenous-owned firms after two years of the pandemic and analyzing its singularities. The study was conducted by the Canadian Council for Aboriginal Business (CCAB) and supported by mixed methods techniques such as surveys, interviews, and non-participatory observations obtained from ten distinct Canadian Indigenous Economic Development Corporations, revealing a reality in which Indigenous businesses confront significant challenges in terms of access to public finance, human resources, community well-being, company diversification, and innovation. The result compared pre-pandemic forecasts and analyses that found Indigenous enterprises failing to recover and move ahead on company diversification and innovations, public finance, human resources, and sustainable development.</p> Alex V. Teixeira, Ken Coates Copyright (c) 2023 Alex V. Teixeira, Ken Coates https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2344 Wed, 05 Jun 2024 00:00:00 +0000 Volatility and Return Connectedness Between the Oil Market and Eurozone Sectors During the Financial Crisis: A TVP-VAR Frequency Connectedness Approach https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2274 <p>This paper analyzes the returns and volatility connectedness between oil prices and Eurozone sector returns during the global financial crisis. We employ the TVP-VAR frequency connectedness approach with daily data of Brent prices and 18 Eurozone supersector indices from 15 November 2014 to 24 November 2023. Our results show a high average connectedness of the returns and volatilities. Industrial Goods are the largest transmitter contrariwise Media supersector is the largest receiver of shocks on returns. The same finding is for volatility, the result shows that Industrial Goods and Services transmit the highest risk in contrast, the Media has the highest receiver volatility indices. The time-varying connectedness (TCI) of returns and volatilities in both show a drastic increase in March 2020. This increase is a result of COVID-19. Whereas, there has been no rise in connectivity following Russia’s invasion of Ukraine. Our result highlighted that Brent was a net receiver of volatility shocks during the Russian invasion of Ukraine.</p> Lamia Sebai, Yasmina Jaber, Foued Hamouda Copyright (c) 2023 Lamia Sebai, Yasmina Jaber, Foued Hamouda https://creativecommons.org/licenses/by-nc-nd/4.0 https://saeb.feaa.uaic.ro/index.php/saeb/article/view/2274 Mon, 24 Jun 2024 00:00:00 +0000