South East European Journal of Economics and Business
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THE RELEVANCE OF KNOWLEDGE MANAGEMENT IN SUSTAINABLE DEVELOPMENT AND GREEN INNOVATION: A DEVELOPING COUNTRY PERSPECTIVE
Full text linkGreen innovations are applied in various industries to promote corporate sustainability by adopting sustainable development practices. However, very little is known about how the knowledge management process influences corporate green innovation. To contribute to the development of this issue, this study explores the relationships between knowledge management, corporate sustainable development and green innovation. Data was collected from 210 respondents from private companies in a developing country context and analyzed using the structural equation modeling technique. The findings provide several conclusions. First, the components of knowledge management (application, acquisition and sharing of knowledge) significantly improve the dimensions of corporate sustainable development (environmental, economic and social dimensions). Second, sustainable environmental practices have no effect on the adoption and application of green innovations by companies, however, sustainable social practices have a positive effect on green innovations. The results of this research also show that investing in knowledge management is of great importance for achieving sustainable development, as well as investing in the application of sustainable social practices
FINANCIAL INCLUSION, CARBON FOOTPRINT AND HUMAN DEVELOPMENT NEXUS: THE CASE OF TÜRKİYE
Full text linkIn an era marked by increasing global challenges related to sustainability and human well-being, this research investigates the complex interrelationship between financial inclusion (FI), carbon footprint, and human development in the unique context of Türkiye. Leveraging a comprehensive dataset spanning three decades, we employ advanced econometric techniques, including the Fully Modified Ordinary Least Squares (FMOLS) and Canonical Cointegrating Regression (CCR), to shed light on this multifaceted nexus. The findings reveal that FI, as gauged by the Financial Institutions and Financial Markets, significantly contributes to Türkiye’s Human Development. Improved financial access and stability are associated with positive advancements in human development indicators over the long term. Additionally, our analysis underscores the environmental dimension, as increased carbon dioxide emissions exhibit a detrimental impact on human development. These results emphasize the importance of aligning economic progress with ecological sustainability in Türkiye’s development trajectory. By employing both FMOLS and CCR, our research enhances the comprehensiveness and robustness of the analysis. The combination of these methodologies not only elucidates the causal relationships within this intricate nexus but also offers insights into policy measures that can simultaneously foster FI, mitigate environmental degradation, and enhance human well-being in Türkiye. This study contributes to the broader discourse on sustainable development by providing empirical evidence on the interplay between FI, environmental concerns, and human development in Türkiye, ultimately advancing our understanding of the complex dynamics underpinning national development efforts in the twenty-first century
CAN YOU FEEL THE LUXE? EXPLORING CONSUMER-BRAND RELATIONSHIPS WITH LUXURY AND NEO-LUXURY BRANDS
Full text linkThe present study explores linkages between the relational driver (brand involvement) and relationship outcomes (affective brand commitment and brand community identification) of consumer brand engagement among luxury and neo-luxury brands. The sample consisted of 616 consumers, compromising 311 owners of the Hugo Boss brand and 305 owners of the Massimo Dutti brand. Structural equation modelling (SEM) and multi-group analysis were used to test the proposed hypotheses. Findings suggest that brand involvement positively influences the three facets of consumer brand engagement - cognitive, affective, and behavioural, in the context of luxury and neo-luxury consumption. Moreover, the affective component of consumer brand engagement strongly predicts affective brand commitment for luxury and neo-luxury brands. Our findings indicate that the brand community identification with luxury and neo-luxury brands is only driven by affective consumer engagement
THE DEBT-GROWTH RELATIONSHIP IN THE WESTERN BALKANS, DEVELOPING EUROPE, AND THE EUROZONE ECONOMIES: TESTING FOR THE EXISTENCE OF A TIPPING POINT
No full textThis paper examines the impact of public debt on economic growth in European regions, focusing on two objectives: first, to determine whether a threshold exists in the debt-growth relationship beyond which debt impedes growth, and second, to assess whether this threshold varies across regions. Using a threshold regression model, the analysis confirms such thresholds and identifies distinct levels: 22.2 percent for the Western Balkans, 37.4 percent for selected emerging European economies, and 82.6 percent for the Eurozone. These findings show that the debt-growth threshold depends on factors like economic structure and debt management capacity, suggesting a uniform debt management approach is ineffective. Instead, tailored strategies are needed to address regions’ unique economic contexts. By identifying specific thresholds, this research provides valuable insights for policymakers, guiding fiscal strategies that balance stability and growth while considering regional dynamics. The paper contributes to the discourse on debt sustainability and supports informed decision-making for resilience
DIGITALIZATION’S EFFECT ON INTERNATIONAL REMITTANCES: THE HINDRANCE OF INSTITUTIONAL QUALITY IN ADVANCED ECONOMIES
Full text linkDigital technology is crucial in reshaping economies by diminishing transactional barriers and fostering economic expansion. Concurrently, international remittance inflow is a potent tool for poverty alleviation and employment enhancement. The paper’s objective is to explore the impact of digitalization on international remittances within advanced economies and to analyze how the level of institutional development influences this relationship. The research utilizes Internet user rates and fixed broadband subscription statistics as indicators of digitalization and the difference GMM estimators for a panel dataset of 34 developed countries from 2002 to 2021. The results present a counter-intuitive that digitalization and governance promote international remittances, but their interaction terms reduce these remittances. Furthermore, trade openness enhances remittances, while economic growth impedes them. From these findings, some policy lessons are suggested to look for insights into the role of institutional quality in the digitalization–international remittances nexus
DRIVERS OF FOREIGN DIRECT INVESTMENT IN DEVELOPING COUNTRIES: EVIDENCE FROM NORTH MACEDONIA USING A GRAVITY MODEL APPROACH
No full textThis paper aims to evaluate the foreign direct investment in North Macedonia, a small developing economy. Findings indicate that after the dissolution of Yugoslavia, North Macedonia’s policy of economic openness was generally successful and the country attracted substantial amounts of FDI by using its Technological industrial development zones and leveraging proximity to EU markets. By applying the gravity model to a panel of data, spanning 35 countries and a period of 14 years (2010-2023), this paper argues that economic dimensions of the host and source countries, geographic proximity, relative economic distance, economic integration, historical and cultural proximity, bilateral investment treaties and double taxation avoidance agreements have a positive impact on FDI. However, this paper does not find conclusive evidence that inflation rates, political corruption and innovation influence the FDI stock. In light of the need to avoid high concentration in just a few economic segments and high dependence on several source countries, the paper points out the need to simultaneously attract and diversify sources of foreign capital in order to enhance resilience to exogenous shocks. Diversified FDI stock is pivotal for achieving long-term macroeconomic stability and maintaining higher growth rates
DOES THE FOREIGN DIRECT INVESTMENT ENHANCE DIGITAL READINESS?
Full text linkPaper focuses on studying the role of foreign direct investment in improving technology and digitalization in central and southeast European countries. Frontier technology readiness index is a measure which is positively affected by investment. Apart from the foreign direct investment, 12 variables are used in panel regression analysis. The variables represent different areas, such as the performance of the economy, international trade, labour, education, research and digital infrastructure. The data used consist of 17 cross-sectional units – countries from central and southeast Europe and 12 time series – period 2008-2019 for which the Index is available. The result indicates that the FDI inflow has positive and statistically significant effect on the score of the Index. It means that the higher the FDI inflows to a country, the higher the Index score. In other words, foreign direct investment might be considered as the factor enhancing the digitalization, technology improvement and country readiness to use, adopt or adapt advanced technologies. The result confirms the technological spill-over effect of foreign direct investment to host economy
EXPLORING THE ROLE OF FIVE KEY RISKS FOR APPLE FARMERS: AN EXPLANATORY AND INFERENTIAL ANALYSIS
Full text linkThis study investigates the impact of the five main risks (production, market, financial, legal compliance, and human resources) along with risk analysis, farmer experience, and farm size on farm income. The research is based on primary data collection consisting of 300 valid questionnaires. The respondents were randomly selected, and the interviews were conducted face-to-face. Explanatory (principal component analysis) and inferential statistical (regression analysis) approaches are employed to test the formulated hypotheses. The results showed that risk analysis, experience, and farm size significantly affect farm income. Additionally, legal risk and production risk were significant and influenced farm income, whereas financial risk, market risk, and human resources risk did not. The findings of the research assist farmers, field researchers, policymakers at local and central levels, and other stakeholders such as clients, suppliers, and consumers. This guides farmers in effective risk management and helps government institutions in drafting supportive policies for the sustainable development of agriculture
THE ROLE OF SOCIAL SKILLS IN ENHANCING MANAGERIAL PERFORMANCE THROUGH TRANSFORMATIONAL LEADERSHIP CHARACTERISTICS: A DEVELOPING COUNTRY PERSPECTIVE
Full text linkAlthough a significant number of studies analyzing the impact of transformational leadership on job performance has been recognized, there is a lack of research considering this construct in the context of managerial performance, and along with interpersonal characteristics. To fill this gap, this paper has been built on Mintzberg’s (1973) premise according to which interpersonal skills play an important role in achieving not only managerial performance but also their leadership styles. In other words, it has been argued that transformational leadership behaves as a mediator in the relationship between social skills and managerial performance. Given the main findings, the paper contributes to practical thinking by indicating the importance of including social skills training focused on building social flexibility and presentation skills, so that managers could have a greater positive impact on managerial performance. As a consequence, it is well known that their better performance increases overall organizational success, which is a valuable lesson for a developing country setting in which this research has been conducted. Contributions to theory and practice are offered after which direction for further research follows
MAPPING ENVIRONMENTAL CONSCIOUSNESS IN MARKETING LITERATURE
Full text linkThe environmental consciousness of consumers and other stakeholders has become a crucial factor in making marketing decisions. Marketing practitioners are striving to integrate eco-friendly practices into strategies and effectively communicate these efforts. Defined as the level of concern for the environment, environmental consciousness is a driving force behind sustainable behaviors, many of which are related to consumption. However, despite its relevance, surprisingly little research effort has been invested in mapping this term in the marketing literature. This study addresses this gap through descriptive, bibliometric, and social network analyses of marketing articles on environmental consciousness, complemented by a content analysis of keyword co-occurrence clusters. It explores publishing trends, influential journals, authors, and citation networks while identifying key research themes and synthesizing their findings. Ultimately, this study identifies potential theoretical and methodological gaps in the marketing literature regarding environmental consciousness and offers valuable recommendations for guiding future research endeavors