Economies of scale,cost minimization and productivity in telecom markets under economic crisis: evidence from Greece

Telecommunications has entered a new age of development with advanced technology and increased competition with established players. The main focus of telecom operators is to maintain and increase their market shares by creating a loyal customer base and technology advancements. However, it remains difficult for telecom operators to evaluate their performance and competence within a fast-changing environment, especially since the telecom business is complex and involves unknown trade-offs. The current study proposes a series of methods in order to evaluate the performance of telecommunication companies, using as a case study the Hellenic Telecommunications Organization (OTE). OTE’s importance lies on its role as one of the leading companies in Greece affecting the economy. On the methodological side, this paper applies the linear regression analysis to measure and evaluate the performance of OTE. The results show that during the period 2005-2015 there are events which affect the operation of OTE and create conditions for cost optimization which are of great importance and they determine the future evolution of the organization. The results of this study are expected to be utilized as guidelines for the telecom operators as well as for regulators and decision makers in general.     

The Trade Effects of the EU–Turkey Customs Union

In the present study we argue that the salient features of both the EU‐15 countries and Turkey are conducive to making the effects of the 1995 EU–Turkey customs union asymmetric among the incumbent EU countries. In order to support our argument we rely on a model in which trade involves the exchange of vertically differentiated products. This model generates the prediction that the more contiguous an incumbent country is to the joining country in terms of technological sophistication, the larger will be the crowding out of this country's exports to the other incumbent countries as a result of the CU expansion. Using a gravity model we estimate the effects of the customs union between Turkey and the EU‐15 by differentiating between exports from (a) lower‐technology EU‐15 countries (we term this group of countries ‘South’) to higher‐technology EU‐15 countries (the ‘North’), (b) North to South, (c) South to Turkey, (d) North to Turkey, and (e) Turkey to EU‐15. Our econometric results indicate that, in contrast to North's exports to the other EU‐15 countries (which have remained intact), the Southern countries’ exports to the other EU‐15 countries have declined as a result of the CU. Moreover, the extra penetration of the Turkish market by the EU‐15 countries has not been more favourable to the Southern group.     

Individual Differences in the Acceptability of Unethical Information Technology Practices: The Case of Machiavellianism and Ethical Ideology

This study presents the findings from aninternational survey of college students whichexamined perceptions and attitudes towarddishonesty in academic and business contexts. Data were collected from undergraduate studentsstudying business and economics in eighttransitional economies of Eastern Europe andCentral Asia and from students in the UnitedStates. The results indicate that academiccheating is a common activity in all of thecountries surveyed. Even though most studentsreported fearing the punishment of beingcaught, substantial numbers of studentsindicated that academic cheating is sociallyacceptable and not ethically wrong. When askedto rate their perceived degree of dishonestywith respect to behavior in an academic settingrelative to analogous behavior in a businesssetting, students in both the United States andthe transitional economies viewed dishonesty ina business context more severely thandishonesty in an academic context. Theevidence also suggests that when compared tostudents in the transitional economies,American students apply a relatively higherstandard of honesty toward behavior in both theacademic and business settings.     

What can Trigger the Resumption of Economic Growth in a Small Open Economy like Greece: Exports or Inward FDI?

The purpose of this article is to investigate the effect of exports and inward foreign direct investment (FDI) on economic development in Greece, in the long and short run, from 1980 to 2013. This study applies the Ng-Perron and DF-GLS unit root tests to determine the level of integration as well as the autoregressive distributed lag (ARDL) method to identify the long-run relationship. Our analysis confirms the long-run relationship between inward FDI, exports and national income. Our results imply that any policy by the Greek Government aimed at boosting economic development through exports will have to be considered for the long run since Greek authorities cannot rely on exports in the short run. However, inward FDI appears more efficient than exports as far as boosting economic progress in the short run.     

The Dynamic Links Between Exports,Foreign Direct Investment,and Economic Growth: Evidence from European Transition Economies

ABSTRACT

By applying time series and panel data cointegration analysis, this study investigates the causal relations between exports, inward FDI and GDP for fifteen European transition economies over the period 1995–2014. This study goes beyond previous empirical works by using two auxiliary variables in the aforementioned nexus: domestic investment and government spending. Empirical findings suggest that though the effect of openness is beneficial to all economies of the region, the presence of export-led growth and FDI-led growth hypotheses are validated mainly for the group of economies that entered the European Union in 2004. Conversely, for the remaining economies, the results confirm the prevalence of a culture for saving over spending, which eventually provokes the beneficial expansion of their local investment and export capacity.     

Redefining Confidence for Consumer Behavior Research

Although quintessential to market exchange and trade, consumer confidence evokes little interest from marketing scholars, and largely persists as an untapped dimension in consumer behavior research. Nevertheless, the dearth of confidence research provides a most useful foundation for investigating how it is both relevant and informative to the study of consumer decision making and behavior. Following a comprehensive review of the theoretical foundations of confidence, an integrated conceptualization is mapped out, and examples of consumer behavior research areas deemed to benefit from a more honed study of confidence are highlighted.     

Fiscal decentralization and public sector efficiency: evidence from OECD countries

This paper studies the impact of fiscal decentralization on public sector efficiency (PSE). We first use a theoretical framework that illustrates the two opposing forces that shape a non-monotonic effect of fiscal decentralization on PSE. Subsequently, we carry out an empirical analysis for 21 OECD countries, between 1970 and 2000. A country-level dataset is used to measure PSE in delivering education and health services and the new indices are regressed on well-established decentralization measures. Irrespective of whether PSE concerns education or health services, an inverted U-shaped relationship has been identified between government efficiency in providing these services and fiscal decentralization. This relationship is robust across several different specifications and estimation methods.     

An overview of corporate social responsibility in Greece: perceptions,developments and barriers to overcome

The objective of this paper is to provide an overview of corporate social responsibility (CSR) in Greece and present the challenges that need to be met in order to further promote socially responsible business behaviour in the domestic economy. This is the first attempt to provide a systematic analysis of CSR in Greece and adds to the existing pool of knowledge of CSR embeddedness in countries where CSR awareness is still rather low, a literature field that is still quite limited. Drawing from prior literature, the paper is built around three basic questions in relation to the Greek context: how is CSR perceived by Greek business professionals? How is CSR practised in Greece? And which issues evident in the modern domestic environment act as underlying barriers to the broader dissemination of CSR in Greece? The extant empirical work suggests that, while CSR in Greece appears to be developing, there is still scope for improvement and further diffusion of relevant practices. While some of the patterns shaping CSR in Greece have been analysed, much work still remains to be carried out in extending and deepening our knowledge in this part of Europe.