Explaining Export Duration in Kenya

This study establishes the hazard rate of exports from Kenya and identifies factors that explain the duration of exports using a discrete-time random effects logit regression model. A difference-in-differences estimator is used to assess the effects of AGOA. Export data between Kenya and 176 partners over 21 years (1995–2016) is used. We find that first-year survival rate is 39%. The median duration of Kenya’s exports is 1 year. AGOA enhances export survival, especially for apparels. COMESA also increases export survival but EAC has a dampening effect, even in SSA region. Differentiated products unlike capital-intensive products improve export survival.     

Greek Marketing Strategies in the European Tourism Market

Between 1960 and 1985 international tourism to Greece enjoyed one of the fastest rates of growth in the world, averaging 12.2 per cent annually. Numerous inter-related explanations were offered for this phenomenon, including endowed factors such as warm climate and antiquities; low costs; the supportive infrastructure and the strength and efficiency of the supply of tourist services and products. One aspect, however, which has not attracted much attention is the quality of Greek marketing. The Greek tourism marketing strategies are examined using a sample of Greek national tourist offices located in major European cities. Data for the study were gathered from personal interviews with the directors of such tourist offices. Although the marketing strategies undertaken by the national tourist offices of Greece abroad have been generally successful, the long-term viability of such strategies can only be sustained by a formalised strategic marketing planning process which caters for a host of interacting internal and external variables.     

A note on trust in the ECB in the era of sovereign debt crisis

We employ Eurobarometer data on trust in the ECB, exploring whether trust is affected by sovereign credit rating episodes and the participation in economic adjustment programmes (EAPs) (bailout schemes). Controlling for several sociodemographic factors and macroeconomic conditions, we document a substantial negative impact on trust in ECB for countries experiencing downgrade episodes and participating in EAPs.     

Innovation in Stock Exchanges: Driving ESG Disclosure and Performance

Stock exchanges are in a unique position to promote ESG transparency and leverage their institutional capacity to build more sustainable capital markets. To facilitate the quick uptake of material ESG disclosure and raise the quality and comparability of the data, the Athens Stock Exchange has created ESG guidelines for listed companies that will be published in the summer of 2019. One important feature of the guidelines is their degree of sectoral specificity and emphasis on materiality. The guidelines and supporting metrics they propose are based on reporting practices endorsed by international sustainability standards like the SASB's industry standards. This materiality‐oriented approach will help issuers focus on the sustainability value drivers inherent in their business, and so ensure that corporate ESG disclosures satisfy the demand of investors for comparable quantitative and accounting metrics that help companies communicate their commitment to long‐term value creation.     

Foreign direct investment in Turkey: regional determinants

The uneven regional distribution of foreign direct investment (FDI) in Turkey poses an interesting question from the perspective of multinational firms (MNFs) and policy-makers alike. This paper focuses on the factors governing the location decisions of MNFs within Turkey with specific reference to policy implications. Using a conditional logit model, it is found that agglomeration, depth of local financial markets, human capital, and coastal access dominate location decisions for the aggregate sample of foreign investors in Turkey. This study reveals no evidence that public investment is successful in attracting MNFs to particular regions. Also importantly, the location determinants vary dramatically by broad industrial category, investment composition, and origin-country characteristics, including income category and region.     

Foreign tourism in Greece: An economic analysis

Foreign exchange earnings are vital for developmental efforts, particularly in the industrial sector. However, Greece's visible exports alone do not generate sufficient income for such purposes, thus providing a strong justification for blending tourism into the country's general economic development strategy. From a development perspective, foreign exchange earnings are only one aspect of the total economic picture; eg the development of an export industry has varying repercussions on income, employment and other economic activity. The extent of these effects will vary according to the linkages between industrial sectors. This article assesses the importance of tourism to the Greek economy in terms of its impact on foreign exchange earnings and the balance of payments. Tourism's contribution to gross domestic product, employment and other economic activity is also examined.     

Organizational participants in the make-or-buy process

Understanding the make-or-buy process is increasingly important to industrial marketers and researchers. Yet, there is a lack of research dealing with organizational participants in this process. Drawing on existing theories, this study investigates the degree of involvement of key organizational participants in the make-or-buy process as well as the impact of contextual variables. The research involved 10 depth company interviews followed by 85 completed mail questionnaires. Results indicate that the technical function, the production function, the financial function, and an ad hoc make-or-buy committee are mainly involved in the make-or-buy process. Moreover, organizational participants in make-or-buy issues vary considerably among companies, depending on organizational characteristics (size, operations technology) as well as on characteristics of the item/service under make-or-buy investigation (type, commercial uncertainty). Theoretical and managerial implications of the findings are discussed along with suggestions for future research.     

Foreign Direct Investment in the Tourism Sector of the Greek Economy

An attractive package of investment incentives is necessary to entice foreign investors into the Greek tourist sector, in order to reap potential economic and other benefits resulting from the orderly development of tourism in Greece. This article examines the extent, role and importance of foreign direct investment in the tourism sector of the Greek economy. In particular, the sectoral and regional breakdown of foreign investment are demonstrated. Finally, the governmental incentives and regulations which apply to the tourism sector are assessed and their implications highlighted with respect to the five-year tourism development plan 1983–87.     

Logistics infrastructure and export survival in European Union countries

Empirica - This study investigates the effects of logistics performance on export survival using a sample of 28 European Union (EU-28) exporters and 70 importers for the 2005–2017 period. We...