Topic Review
Economic Value Added as Universal Financial Metric
Previous research into Economic Value Added (EVA) has extensively described it as a business metric of firms. Still, no studies have confirmed or denied that EVA is a universal metric and that one may use EVA in unstable markets in the same way as in stable and developed economies. Meanwhile, the green energy revolution, ensuring carbon neutrality through green innovations, requires enormous investments, and the projects realised must be appropriately tailored. These projects are realised by different firms, including those from developing countries, and investors need solid financial metrics.
  • 622
  • 21 Mar 2022
Topic Review
Anti-Corruption Disclosure and Political Corporate Social Responsibility
Corruption is a major concern globally, particularly in developing countries, such as Bangladesh, where it is the main obstacle to economic development. Corruption is also mentioned as the major impediment to accomplishing sustainable development. Corruption is the main impediment to economic development in Bangladesh. The country’s financial sector is under threat due to issues such as illegal money transfers, money laundering, and terrorist financing. The Paradise Papers and The Panama Papers scandals have found many Bangladeshi business people and politicians involved in offshore businesses globally. The recent misappropriation of the financial sector, financial heist of the Central Bank (BB), liquidity crises, share market scandal, and political intervention on banks have left the financial sector in turmoil. Companies provide more Corporate Social Responsibility (CSR) expenditure in order to signal to stakeholders about their motivation and determination to social responsibility in relation to enhancing transparency and accountability. Working in a high or low corruption environment, CSR expenditure has significant value because the expenditure increases visibility to the market, improving reputation.
  • 612
  • 28 Jun 2022
Topic Review
The Impact of Sustainability Reporting on Financial Performance
Solving sustainability challenges has become an integral feature of leading companies playing a decisive and pivotal role in reaching the Sustainable Development Goals. The 17 Sustainable Development Goals (SDGs) defined by this Agenda form a conceptually new field of conditions and tasks for enterprises, for the implementation or achievement of which it is necessary to adapt or transform production and management business processes to ensure the implementation of green and socially responsible business models.
  • 596
  • 30 Oct 2023
Topic Review
Business Model of Sustainable Robo-Advisors
The given research paper examines the characteristics of German private investors regarding the probability of using robo-advisory-services. The used data set was gathered for this purpose (N = 305) to address the research question by using a logistic regression approach. The presented logit regression model results indicate that the awareness of sustainable aspects make a significant difference in the probability of using a sustainable robo-service. Additionally, our findings show that being male and cost-aware are positively associated with the use of a sustainable robo-advisor. Furthermore, the probability of use is 1.53 times higher among young and experienced investors. The findings in this paper provide relevant research findings for banks, asset managers, FinTechs, policy makers and financial practitioners to increase the adoption rate of robo-advice by introducing a sustainable offering.
  • 590
  • 29 Nov 2021
Topic Review
Energy Sector and the Global Economy
The future of the energy sector is an urgent topic nowadays, as the survival of humanity and each of researchers depends on it. This sector is part of a larger whole, i.e., of the national or global economy, and it determines its growth. This became particularly obvious recently as it has become necessary to increase the share of renewable energy in the total energy balance to stop global warming, which is the source of climate change.
  • 590
  • 07 Dec 2022
Topic Review
Machine Learning in Forecasting Motor Insurance Claims
Accurate forecasting of insurance claims is of the utmost importance for insurance activity as the evolution of claims determines cash outflows and the pricing, and thus the profitability, of the underlying insurance coverage. These are used as inputs when the insurance company drafts its business plan and determines its risk appetite, and the respective solvency capital required (by the regulators) to absorb the assumed risks. The conventional claim forecasting methods attempt to fit (each of) the claims frequency and severity with a known probability distribution function and use it to project future claims.
  • 589
  • 16 Oct 2023
Topic Review Peer Reviewed
Revenue Sharing in Professional Sports Leagues
This entry provides a review of economic models of professional sports leagues with and without revenue sharing. These include models that assume profit-maximizing and win-maximizing (sportsmen) club owners. Both approaches predict that revenue sharing will reduce the demand for player talent, depress player salaries, and transfer revenue from large-market to small-market clubs, but they differ on league parity effects. Empirical work has been sparse due to financial data limitations and has not yielded definitive results on the parity issue. Despite the growing awareness of sports economics in the sports industry, the lack of consensus from theoretical models has resulted in sports leagues searching for an optimal revenue sharing policy. The difficulty in providing consistent policy prescriptions in models that incorporate revenue sharing, salary caps, and other league policies has made economic modeling of sports leagues very difficult and complex. While revenue sharing remains an interesting theoretical modeling issue, it has not bridged the gap to real-world league policies.
  • 580
  • 30 Jul 2024
Biography
Ioannis Passas
Dr. Ioannis Passas is a multifaceted professional with a dynamic academic and research background. Currently, he holds a notable position as an Adjunct Professor at the Hellenic Mediterranean University’s Department of Business Administration & Tourism. In this role, he imparts accounting knowledge to both undergraduate and postgraduate students. Further expanding his academic contributions, h
  • 576
  • 25 Sep 2023
Topic Review
Fund Manager Skill and Mutual Fund Performance
A mutual fund is a common instrument for households and corporations to invest in the financial markets through diversified portfolios of securities. Investing in managed mutual funds involves relying on a fund manager’s knowledge, expertise, and investment strategy to beat the fund’s benchmark. 
  • 575
  • 17 Nov 2023
Topic Review
Link of Environmental, Social, Governance and Firm Performance
ESG performance has a positive relationship with profit in large firms but not in SME firms. Large firms are motivated by stakeholder and other needs, while SME firms do not have the same priorities. Similarly, small and nascent firms may not have the resources of large firms, suggesting that competitive factors related to downstream networking will markedly differ for both groups of firms.
  • 554
  • 29 Jun 2022
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