Stock Market Volatility in an Emerging Market: Further Evidence from the Athens Stock Exchange

We investigate the time series properties of the daily and weekly returns from the Athens Stock Exchange (ASE) index for the years 1987 to 1997. We investigate whether important time-series characteristics have changed significantly over time. The Greek market has recently undergone major changes including complete capital flow liberalization, the implementation of computerized trading, as well as significant increases in market volume and capitalization; we thus contrast the 1987–90 and 1991–97 periods. Our findings suggest the dynamics of the ASE composite index returns have changed as the market has developed.     

Estimating differences in gasoline consumption among socio‐economic groups in Greece

This study presents insights into the determinants of gasoline consumption for transportation based on cross section data for Greece. Given that car ownership decisions and gasoline demand decisions are taken jointly, in the empirical analysis, we employ the two‐step Heckman approach. Quantile regression analysis is used to investigate disparities in behaviour among different levels of gasoline consumption. The empirical results report that demographic and economic characteristics specify the consumer's choices with respect to gasoline consumption. An energy conservation framework can improve upon the situation by facing consumers as socio‐economic subgroups with different transportation needs and different lifestyle aspects.     

Germany and the Euro-Zone Crisis: The European Reformation of the German Banking Crisis and the Future of the Euro

Analysis of the German response to the euro crisis has been framed around a narrative of the relationship between domestic sacrifice and hegemony and sustains an assumption that the German commitment to the euro is proven. Such analysis downplays the importance of the banking crisis in Germany in explaining the decision-making of the German government around the euro-zone debt crisis. Giving German interests in relation to the German banking crisis analytical weight can explain both the positions taken by the German government and their consequences for the underlying structural problems the euro-zone faces as a monetary union. Since the outcomes of German policy have advanced German interests, German handling of the euro-zone crisis cannot sustain a claim that Germany has demonstrated its commitment to the euro.     

A New Perspective on Cross-Cultural Ethical Evaluations: The Use of Conjoint Analysis

The present paper compares the ethical perceptions of Americans and Greeks using conjoint analysis. The two samples were presented with 2 scenarios manipulating three factors: gender of the transgressor, organizational status of the transgressor, and the magnitude of the transgression. For each scenario, conventional mean comparisons and conjoint analyses were performed on five ethical measurements. The matrix of means and the relative importances of the American sample were compared with that of the Greek sample. The results showed that Greeks paid more attention to the dollar amount involved and less attention on the organizational status of the transgressor than Americans did. The gender of the transgressor was the least important factor for both samples. The use of relative importance measures derived from conjoint analysis is shown to provide a new dimension in cross-cultural comparisons.     

Flexible work arrangements in Greece: a study of employee perceptions

The purpose of this study is twofold: first, to explore factors that affect employees' perceptions towards flexible work options; second, to examine whether the perceived benefits and barriers associated with work flexibility predict one's decision to participate in flexible work arrangements or not. A total of 362 Greek employees participated in the study to determine their attitudes towards flexible work practices. Univariate analyses of variance and logistic regression analysis were conducted with the aim of exploring the research hypotheses. It is found that attitudes towards flexible work options are dependent on gender, sector of employment and prior participation in a flexible work scheme. In general, women, public sector employees and employees who have participated in flexible work arrangements are more likely to perceive more benefits and fewer costs with regard to the use of work flexibility. Further analysis provided evidence that work–life balance benefits are stronger predictors of participation in flexible work practices. These findings suggest that employee-centred organisations that view flexibility as a valuable management tool, should deal with specific barriers that discourage people from taking up flexible work arrangements. Given the dearth of empirical research on work flexibility in Greece, the findings of this study provide the wider academic community with new insights on employees' perceptions of flexible work options.     

Critical analysis of the official Greek urban planning indicators of private uses

The aim of the article is to review the official Greek target indicators, i.e. those standards that are included in the current planning legislation (Official Government Gazette 285/D/5.3, 2004), and are used for the planning of private uses, such as manufacturing, wholesale trade, retail trade, offices, and housing. The article elaborates on the general typology of urban indicators and, more specifically, it addresses the methodology for the calculation of target indicators. Part of this methodology is utilized for the evaluation of the official target indicators that are currently in force. This evaluation is mainly based on the comparison of target indicators with the respective state indicators of years 2004, 2008, and 2012, and is carried out for each category of private urban uses separately. The article concludes on the inappropriateness of the values legislated as target indicators, and stresses the need for their immediate revision.     

欧洲人的认同：从古代“泛希腊主义”到欧洲联盟

“泛希腊主义”是一个具有古希腊语词源的现代名词。本文将“泛希腊主义”界定为各城邦的希腊人对于民族的整体认同。这种民族认同最初体现在血缘、宗教活动等方面，因为共同反抗波斯的战争而得到强化并最终确立。在政治宣传过程中，通常采用“泛希腊主义”原本包含的内容来服务于希腊城邦的利益。这样的运用形成了强化内部认同而与外部竞争的态势...     

E-procurement in the Greek food and drink industry: Drivers and impediments

Most empirical research on e-procurement has focused on large economies and technology-related industries, paying little attention to smaller economies and traditional industries. This paper addresses this gap by presenting a study on the state and development of e-procurement in the Greek food and drink industry, based on four case studies with some of the largest organisations in the industry. This study indicates that the uptake of e-procurement has been slow and reveals some important impediments, such as the uncertainty of the technology and its benefits, the lack of infrastructure and skills and the traditional nature of the industry. These results led to a series of findings, propositions for further investigation. The drivers and impediments to e-procurement have been classified into four different levels: global, country, industry and firm. Each of these levels requires a different approach to dealing with it, having implications for practitioners and policymakers.