14th EBES CONFERENCE - BARCELONA
CONFERENCE PROGRAM
OCTOBER 23-25, 2014
HOTEL SILKEN DIAGONAL BARCELONA
BARCELONA, SPAIN
www.ebesweb.org
ebes@ebesweb.org
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14 EBES Conference - Barcelona
October 23-25, 2014
THURSDAY, OCTOBER 23 (DAY 1)
REGISTRATION: 08:00-16:00
SESSION I: 08:15-10:15
BANKING I
Room: Do
Chair: Atakan Yalcin
Profits and Risks of Foreign Exchange Mortgage Loans - Case of Poland
Michal Buszko, Nicolaus Copernicus University, Poland
The Relationship between Ownership and Performance in Turkish Commercial Banking Sector from
State-Owned Banks Perspective
Kasif Batu Tunay, Marmara University, Turkey and Fatih Yuksel, Marmara University, Turkey
How Much Capital Latvian Commercial Banks Need to Cover their Risks?
Natalia Konovalova, Riga International School of Economic and Administration, Latvia
Political Connections, Bank Performance and Cost of Funding: Evidence from Indonesia
Irwan Trinugroho, Universitas Sebelas Maret, Indonesia
European Stability Mechanism as a Tool for European Integration
Thomas Hatzigayos, University of Macedonia, Greece and Stelios Mavridis, University of Macedonia,
Greece
CORPORATE GOVERNANCE I
Room: Re
Chair: Baohua Xin
The Cluster's Competitiveness Perceived by Stakeholders’ Indexfokus: The Methodology for
Evaluation of the Perceived Competitiveness
Enrique Diaz Moreno, Businessfokus & Navarra Public University, Spain
Convergence in Corporate Governance: A Probit Analysis
Pedro Matos, ISEG and ADVANCE, Portugal; Nicoletta Rosati, ISEG - ULisboa and CEMAPRE,
Portugal; and Horacio Faustino, ISEG and SOCIUS, Portugal
An Empirical Research on Executives' Opportunistic Behavior in Implementation of Equity Incentive
from the Perspective of Personal Income Taxes
Shufang Xiao, Beijing Institute of Technology, China
Credit Rating and Governance of Thai Microfinance
Seksan Kiatsupaibul, Chulalongkorn University, Thailand and Sunti Tirapat, Chulalongkorn University,
Thailand
Corporate Governance and Transparency
Ariadna Dumitrescu, ESADE Business School, Spain
Sustainability Reports and their Assurance Cum Credibility: Theoretical Insights and Initial Empirical
Evidence from Four Major UK Retail Banks
Kenneth Edgar D'Silva, London South Bank University, United Kingdom and Jeffrey Ridley, London
South Bank University, United Kingdom
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October 23-25, 2014
SELECTED TOPICS ON ECONOMIC GROWTH
(Special session organized by Professor Selahattin Bekmez, Gaziantep University, Turkey)
Room: Mi
Chair: Selahattin Bekmez
CO2 Emissions, Electricity Consumption and Output in Europe
Berna Balcı Izgi, Gaziantep University, Turkey
Price and Income Elasticity of Housing Demand: A Cross Country Analysis
Selahattin Bekmez, Gaziantep University, Turkey and Asli Ozpolat, Gaziantep University, Turkey
Environmental Pollution and Trade Dilemma for Different Income Countries
Selahattin Bekmez, Gaziantep University, Turkey and Ferda Nakipoglu Ozsoy, Gaziantep University,
Turkey
Do Defense Expenditures Lead to Growth? A Panel Data Analysis
Selahattin Bekmez, Gaziantep University, Turkey and Mehmet Akif Destek, Gaziantep University,
Turkey
The Determinants of Military Expenditures: Evidence from Panel Cointegration Analysis
Selahattin Bekmez, Gaziantep University, Turkey and Mehmet Akif Destek, Gaziantep University,
Turkey
SPECIAL SESSION
(Organized by Selcuk University, Turkey)
Room: Fa
Chair: Vural Cagliyan
Sectoral Evaluation on the Relationship of Transformational Leadership and Organizational Wisdom:
Example of Metals and Machinery Sectors
Esra Gokcen Kaygisiz, Giresun University, Turkey; Vural Cagliyan, Selcuk University, Turkey; and
Mustafa Mete, Gaziantep University, Turkey
An Evaluation of the Relationship of Corporate Entrepreneurship Innovation Strategy: Example of
Turkish Sugar Industry
Vural Cagliyan, Selcuk University, Turkey; Esra Gokcen Kaygisiz, Giresun University, Turkey; and
Nahit Yilmaz, Ondokuz Mayis University, Turkey
Guerilla Marketing as an Alternative Marketing Strategy and Review Some of Examples of Application
Emel Celep, Selcuk University, Turkey and Muammer Zerenler, Selcuk University, Turkey
Choosing Staff at Human Resources Administration: Samples of Turkish Banking Sector
Meltem Diktas, Selcuk University, Turkey
Effects of Remanufacturing Activities on Business Performance: The Example of Konya Automotive
Supply Industry
Emel Gelmez, Selcuk University, Turkey; Hasan Kursat Gules, Selcuk University, Turkey; and Vural
Cagliyan, Selcuk University, Turkey
A Research to Determine the Relationship between Emotional Labor and Burnout
Derya Ozilhan, Selcuk University, Turkey and Emel Gelmez, Selcuk University, Turkey
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HUMAN RESOURCES I
Room: Sol
Chair: Daniel John Flint
Human Capital Valuation, Reporting and Linkage with CSR: Survey of Estonian Opinion
Natalja Gurvitsh, Tallinn University of Technology, Estonia; Inna Sidorova, United Kingdom; and
Emilia Startseva, Tallinn University of Technology, Estonia
Determinants of Job Performance among Public Sector Managers in Saudi Arabia: An Analysis of the
Organizational Factors and Job Attitudes
Mohammad Awwadh Altrasi, Alshaqra University, Saudi Arabia and Wan Khairuzzaman Wan Ismail,
UTM IBS/Jazan University, Malaysia
Knowledge Management Paradigm: From the Human Capital Theory to Intellectual Capital Theory
Simona Buta, Stefan cel Mare University of Suceava, Romania
CSR and Coaching - Complementary Methods of Management
Malgorzata Kolodziejczak, University of Lodz, Poland
Needs Perception, Position, and Contentment: An Empirical Study of Myanmar Immigrant Workers in
Thailand
Kevalin Puangyoykeaw, Tohoku University, Japan
COFFEE BREAK: 10:00 - 10:30
SESSION II: 10:20-12:20
CORPORATE GOVERNANCE II
Room: Do
Chair: Ariadna Dumitrescu
Determinants of Corporate Social Reporting in India
Mohammad Talha, King Fahd University of Petroleum & Minerals, Saudi Arabia; S. Benjamin
Christopher, NGM College, India; and J.Karthikeyani, Kovai Kalaimagal College of Arts and Science,
India
Information as a Driver in Corporate Governance System: Evidence from Ukraine
Leonid Melnyk, Sumy State University, Ukraine; Oleksandr Derykolenko, Sumy State University,
Ukraine; and Kateryna Kondrunina, Sumy State University, Ukraine
Internationalization of TMT, Compensation & Firm Performance
Taufiq Arifin, Universitas Sebelas Maret, Indonesia and Revina Setyorini, Universitas Sebelas Maret,
Indonesia
The Impact of Corporate Governance on the Efficiency and Financial Performance of GCC National
Banks
Lawrence Tai, Zayed University, U.A.E.
Corporate Governance and Risk Taking Behavior in Italian Insurance Market
Andrea Bellucci, University of Perugia, Italy
A Structural Event Study for M&As: An Application in Corporate Governance
Tarcisio da Graca, University of Quebec at Outaouais, Canada and Robert T. Masson, Cornell
University, U.S.A.
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October 23-25, 2014
BANKING II
Room: Re
Chair: Sofia Vale
Determinants of Bank Stock Return in Indonesia: Does the Global Financial Crisis Matter?
Linggar Ikhsan Nugroho, Universitas Sebelas Maret, Indonesia
Selection of Short Term Interest Rate Fixation Mortgages in an Emerging Market: A Case of Lithuania
Egle Karmaziene, Stockholm School of Economics - SIFR, Sweden and Julita Varanauskiene, ISM
University of Management and Economics, Lithuania
Banks’ Risk-taking with Credit Commitments: Comparative European Evidence
Laivi Laidroo, Tallinn University of Technology, Estonia and Kadri Mannasoo, Tallinn University of
Technology, Estonia
Nonparametric Goodness-of-fir Tests for Exponentiality
Nika Maglaperidze, Ilia State University, Georgia; Dario Gasbarra, University of Helsinki, Finland; and
Marina Chodrishvili, Ilia State University, Georgia
Analyzing the Determinants and Effects of Risk Taking in Turkish Banking System
Etem Hakan Ergec, Eskisehir Osmangazi University, Turkey and Bengul Kaytanci, Anadolu University,
Turkey
Local Institutional Development and Cost of Financial Intermediation: Evidence from Indonesia
Irwan Trinugroho, Universitas Sebelas Maret, Indonesia and Moch. Doddy Ariefianto, Indonesia
Deposit Insurance Corporation, Indonesia
EDUCATION
Room: Mi
Chair: Thomas Menkhoff
A Job Yet-to-Be-Done: Reinventing How Universities Define Student Needs
Lucian Mihai Gramescu, West University of Timisoara, Romania and Nicolae Bibu, West University of
Timisoara, Romania
Detecting the Aspects of e-Library Usage Behavior for a Private University in Kuwait
Muna Khalifah Al-Khabbaz, South Valley University, Egypt
Online Video Clips in Foreign Language Teaching
Jaroslav Kacetl, University of Hradec Kralove, Czech Republic and Magdalena Fiserova, University of
Hradec Kralove, Czech Republic
Addressing Intercultural Communication during Experiential Learning: A case of the Durban University
of Technology (DUT)
Dayaneethie Veerasamy, Durban University of Technology, South Africa and Nisha Ramlutchman,
Durban University of Technology, South Africa
The Evaluation of Changing Values and Dynamics in Higher Education in the Concept of Information
Age: Franchising - Higher Education Turning into Mcdonald’s, Full Scale Branch Campus in China and
Examples of Funding of the Researches in England
Hasan Kursat Gules, Selcuk University, Turkey; Emine Nihan Cici Karaboga, Konya Necmettin
Erbakan University, Turkey; and Kazim Karaboga, Selcuk University, Turkey
Online Distance Learning
Amani Mubark Alkhatir Alarimi, Ministry Manpower Oman Ibra Collage of Technology, Oman
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October 23-25, 2014
MANAGEMENT I
Room: Fa
Chair: Maria Garbelli
Importance of Hospital Way-Finding System on Patient Satisfaction
Serife Didem Kaya, Konya Necmettin Erbakan University, Turkey; Y. Yalcin Ileri, Konya Necmettin
Erbakan University, Turkey; and Aydan Yuceler, Konya Necmettin Erbakan University, Turkey
Time Management and Stress Relationship in terms of Health Sector Employees
Aydan Yuceler, Konya Necmettin Erbakan University, Turkey; Serife Didem Kaya, Konya Necmettin
Erbakan University, Turkey; and Yusuf Yalcin Ileri, Konya Necmettin Erbakan University, Turkey
New Product Development and Supplier Management: The Case of Turkish Manufacturing Firms
Hasan Bulbul, Nigde University, Turkey; Vural Cagliyan, Selcuk University, Turkey; Rabia Yilmaz,
Nigde University, Turkey; and Emel Gelmez, Selcuk University, Turkey
Business Success Performance of Thai Local Firm with Innovation Management and Social Media
Applying
Taninrat Rattanapongpinyo, Silpakorn University, Thailand
Tools and Actions for Increasing the Effectiveness of the Strategy Implementation
Joanna Radomska, Wroclaw University of Economics, Poland
Important Factors to Consider when Renting Apartment in Bangkok
Ukrit Klinjun, Thammasat University, Thailand
EMPIRICAL STUDIES ON EMERGING ECONOMIES
Room: Sol
Chair: Nicoletta Rosati
The Case against Active Pension Funds: Evidence from the Turkish Private Pension System
Umut Gokcen, Koc University, Turkey and Atakan Yalcin, Ozyegin University, Turkey
Factors behind the Pricing of Mutual Funds Investing in Eastern Europe
Gabor Bota, Budapest University of Technology and Economics, Hungary and Mihaly Ormos,
Budapest University of Technology and Economics, Hungary
The Informational Contents of VKOSPI for the Event of KOSPI200 Intraday Jump
Taehyuk Kim, Pusan National University, South Korea
Estimating Relative Risk Premium for CEE Countries: The Case of Romania
Bogdan Dima, West University of Timisoara, Romania; Simona Crenguta Pacioaga, West University of
Timisoara, Romania; and Marcela Todoni, West University of Timisoara, Romania
The Formation of New Firms: An Ordered Probit Model Approach for Latin American and Caribbean
Countries
Jorge Velez Ospina, Universidad Catolica de Colombia, Colombia and Jacobo Campo Robledo,
Universidad Catolica de Colombia, Colombia
The Fisher Effect: Albanian Application
Mergleda Hodo, Epoka University, Albania
SESSION III: 12:25-14:25
CORPORATE GOVERNANCE III
Room: Do
Chair: Tarcisio da Graca
Analysis of Ownership Structure of Business Groups in Poland
Edyta Mioduchowska-Jaroszewicz, University of Szczecin, Poland
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October 23-25, 2014
Corporate Governance in a Large Family Business in Poland
Malwina Szczepkowska, University of Szczecin, Poland
Corporate Social Responsibility Seen through Codes of Conduct in Czech Companies
Jaroslav Kacetl, University of Hradec Kralove, Czech Republic and Ilona Semradova, University of
Hradec Kralove, Czech Republic
Internal Governance and Board Evaluation in Italian Listed Companies
Graziella Sicoli, University of Calabria, Italy; Franco Rubino, University of Calabria, Italy; Giovanni
Bronzetti, University of Calabria, Italy; Romilda Mazzotta, University of Calabria, Italy; Paolo Tenuta,
University of Calabria, Italy; and Rija Maurizio, University of Calabria, Italy
Audit Committee Characteristics and Earning Restatement: Evidence from Indonesia
Sutaryo, Universitas Sebelas Maret, Indonesia
The Effect of Audit Committee Characteristics on Real Earnings Management in Emerging Market:
The case of Indonesia
Doddy Setiawan, Universitas Sebelas Maret, Indonesia; Sri Suranta, Universitas Sebelas Maret,
Indonesia; and Bandi Bandi, Universitas Sebelas Maret, Indonesia
MARKETING I
Room: Re
Chair: Mario Gonzalez Fuentes
Beloved Brands - Insight into the Formation of Meaningful Experience
Iivi Riivits-Arkonsuo, Tallinn University of Technology, Estonia and Anu Leppiman, Tallinn University of
Technology, Estonia
Adjusting Category Management towards Younger Consumers - Key Factors of Beer as a Retail
Product Category in Croatia
Blazenka Knezevic, University of Zagreb, Croatia; Petra Skrobot, Croatia; and Mia Delic, University of
Zagreb, Croatia
Trying to be Different through Storytelling: Diagnosing and Improving on (un)intentional Corporate and
Brand Identity Management
Daniel John Flint, University of Tennessee, U.S.A. and Paola Signori, University of Verona, Italy
Why it is Worth and What is the Key to Support a Desired Corporate Reputation
Migle Matuleviciene, Kaunas University of Technology, Lithuania and Jurgita Stravinskiene, Kaunas
University of Technology, Lithuania
Creating a Conceptual Framework for Corporate Brand Positioning
Tiina-Kaisa Kuuru, University of Tampere, Finland and Pekka Tuominen, University of Tampere,
Finland
The Effect of Promotional Activities in Businesses on Branding; Case Study of the Brand “TORKU”
Hasan Kursat Gules, Selcuk University, Turkey and Mehmet Akif Cini, Selcuk University, Turkey
FINANCE I
Room: Mi
Chair: Taehyuk Kim
Introduction to the Tunisian Financial Market, the Reluctance Factors
Raoudha Trabelsi, Sfax University, Tunisia and Emna Bouzouitina, Sfax University, Tunisia
Households Financial Behavior - Selected Aspects in the Time of Turbulence
Danuta Dziawgo, Nicolaus Copernicus University, Poland
The Determinants of Household Loan Selection: Evidence from China
Xue Chen, Shenzhen University, China
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October 23-25, 2014
Household Money Management in Malaysia: The Ethnic Dimension
Selamah Abdullah Yusof, International Islamic University, Malaysia
I Feel Wealthy: A Major Determinant of Portuguese Households' Indebtedness?
Sofia Vale, ISCTE-IUL, Portugal and Francisco Camoes, ISCTE-IUL, Portugal
Common Characteristics of Financial Development on Balkan Region Economies
Erinda Imeraj, Epoka University, Albania
INTERNATIONAL TRADE
Room: Fa
Chair: Lena Sheveleva
Liberalization of Professional Services: Level of Awareness and Readiness of Consultant Engineers in
Malaysia
Rokiah Alavi, International Islamic University Malaysia, Malaysia; Ruslan Abdul Aziz, JKR, Malaysia;
and Norsiah Mohamad, University Technology Mara (UiTM), Malaysia
Investigating the Long-Run Relationship between the IMF and World Bank Lending and International
Economic Activity: An Empirical Assessment for Europe
Can Tansel Tugcu, Nevsehir Haci Bektas Veli University, Turkey and Necati Celik, University of Utah,
U.S.A.
Multiproduct Exporters: Learning or Knowing
Kala Krishna, Penn State University, U.S.A. and Lena Sheveleva, Cardiff University, UK
The Eurasian Economic Union - Complimentary or Competitive Structure to the European Union
Katarzyna Czerewacz-Filipowicz, Bialystok University of Technology, Poland
Turkey’s Intra-Industry Trade in the Framework of its Free Trade Agreements
Sevilay Kucuksakarya, Anadolu University, Turkey
REGIONAL STUDIES I
Room: Sol
Chair: Lazar Paula
Social-Economic Development of Small West European Peripheral Countries
Elena Efimova, St. Petersburg State University, Russia and Natalia Kuznetsova, St. Petersburg State
University, Russia
The European Union Policy towards the Post-Soviet Countries of Central Asia
Agnieszka Konopelko, Bialystok University of Technology, Poland
Regional Income Convergence in Turkey: A Dynamic Spatial Econometric Approach
Pelin Akcagun, Middle East Technical University, Turkey and Nadir Ocal, Middle East Technical
University, Turkey
Research of Cluster Structure of Regions of Russia
Tatiana Kudryavtseva, St. Petersburg Polytechnic University, Russia
The Economic Viability of the Territories between the Capital Region and Frontier of Non-members of
EU
Nikolajus Markevicius, Mykolas Romeris University, Lithuania
Cultural Identity and Immigration Research about Cultural Identity and Immigrants - Foreigners
Maria Vlachadi, University of Crete, Greece; Amalia Tzakaki, University of Crete, Greece; Chryssoula
Pandelaki, University of Crete, Greece; and Maria Stavgianoudaki, University of Crete, Greece
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SESSION IV: 14:30-16:30
REGIONAL STUDIES II
Room: Do
Chair: Joanna Dzialo
The Environmental Kuznets Curve on Post-soviet Space: Panel Data Approach
Olga Podkorytova, European University at St. Petersburg, Russia and Yulia Raskina, European
University at St. Petersburg, Russia
International Integration: From a Dream to a Political Dogma
Aleksandrs Fedotovs, RISEBA, Latvia and Oksana Sakalosa, College of Business Administration,
Latvia
Analysis of Agrarian Structure in Poland in 1921 and 2002 based on the Example of Selected Districts
Damian Walczak, Nicolaus Copernicus University, Poland and Michal Pietrzak, Nicolaus Copernicus
University, Poland
Urban Competitiveness and Industrial Characteristics of a Hungarian City, Gyor - Economic Analysis
of the Top 100 Companies
Veronika Poreisz, Szechenyi Istvan University, Hungary
The Implications of Improving Pan-European Corridors in Serbia on Further Development of National
Agriculture Sector
Olgica Boskovic, University of Belgrade, Serbia; Vladan Bozic, University of Belgrade, Serbia;
Slobodan Acimovic, University of Belgrade, Serbia; and Veljko Mijuskovic, University of Belgrade,
Serbia
Development of Non-oil Sector in the Regions of Azerbaijan: Tendencies and Prospects
Rovshan Nariman Karimov, Institute of Geography of ANAS, Azerbaijan
MANAGEMENT II
Room: Re
Chair: Vichuda Polatoglu
The Rating of Company-stakeholder Relationships: A Tool for Efficient and Dynamics Strategies
Paola Orlandini, University of Milan Bicocca, Italy and Anna De Toni, University of Milan Bicocca, Italy
E-Government Adoption and User’s Satisfaction: An Empirical Investigation
Alaa Aldin Alathmay, University of Sharjah, U.A.E.; Kamel A. Fantazy, University of Sharjah, U.A.E.;
and Vinod Kumar, Carleton University, Canada
Gendered Nature of Guanxi Networks and Work-life Changes in China
Iiris Aaltio, University of Jyvaskyla, Finland; Jiehua Huang, Guangzhou University, China; and Yiyin
Yang, Chinese Academy of Social Sciences, China
The Importance of the Evaluation of R & D in Relation to the Competitiveness of the Czech Republic
Ruzena Stemberkova, University of Hradec Kralove, Czech Republic; Linda Lososova, University of
Hradec Kralove, Czech Republic; Petr Zdralek, University of Hradec Kralove, Czech Republic; Pavla
Matulova, University of Hradec Kralove, Czech Republic; Petra Maresova, University of Hradec
Kralove, Czech Republic; and Kamil Kuca, University of Hradec Kralove, Czech Republic
Managing Sustainability to be Sustainable: The Toyota Case
Maria Garbelli, Universita della Svizzera Italiana, Switzerland
Relationships between Organizational Structures and Employee Performance Using Hierarchical
Cluster Analysis in Private University
Ahmed Al-Saber, Gulf University for Science and Technology, Kuwait
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October 23-25, 2014
ACCOUNTING & AUDIT I
Room: Mi
Chair: Lawrence Tai
Earnings Management by Top Chinese Listed Firms in Response to the Global Financial Crisis
Xu-Dong Ji, La Trobe University, Australia
Knowledge Advantage and Stock Price Crash Risk: Evidence from the Office Size of Engagement
Auditors
Jeffrey L. Callen Rotman, University of Toronto, Canada; Xiaohua Fang, Georgia State University,
U.S.A.; Baohua Xin, University of Toronto, Canada; and Wenjun Zhang, Dalhousie University,
Canada
Sustainability of CSR Activities and Firm Value
Seong Ho Bae, Kyungpook National University, South Korea; Kwang Hwa Jeong, Korea University,
South Korea; Seok Woo Jeong, Korea University, South Korea; and Woo Jae Lee, Korea University,
South Korea
The Status of Implementation of Controlling System in Logistics Companies - Presentation of Selected
Results of Empirical Research
Justyna Dobroszek, University of Lodz, Poland
Assessing of Business Subsidiary Operations and Consolidated Financial Statements through a
Common Global Accounting Language, IFRS vs. GAAP
Paul Lee, Cleveland State University, U.S.A.
The Effectiveness of the Company and Use of the Managerial Tools
Libuse Svobodova, University of Hradec Kralove, Czech Republic
GROWTH AND DEVELOPMENT I
Room: Fa
Chair: Hock Tsen Wong
Recent Trends in Economic Governance - Promoting Instrument for Economic Growth across Central
and Eastern European Countries
Mihut Ioana Sorina, Babes-Bolyai University, Romania
The Common Agricultural Policy’s Implications for Food Price Volatility
Larisa Nicoleta Pop, Babes-Bolyai University, Romania
Democratic Participation and Socio-Economic Development
Guner Tuncer, Dumlupinar University, Turkey and Ozer Ozcelik, Dumlupinar University, Turkey
The Role of Institutions in Socio-economic Development
Alise Vitola, Riga Technical University, Latvia and Maija Senfelde, Riga Technical University, Latvia
The Economic Effect of Knowledge-Intensive Services on Economic Growth
Gabriela Liliana Cioban, “Stefan cel Mare” University of Suceava, Romania
FINANCE II
Room: Sol
Chair: Michi Nishihara
The Effects of Political Events on Stock Market with a New Fama-French 3-factor Model
Wenbo Meng, Nankai University, China and Liuling Li, Nankai University, China
Multi-Factor Asset Pricing Models in the South African Stock Market
Uchenna Chukwuzitere Tony Okeke, Coventry University, United Kingdom and Timothy Rodgers,
Coventry University, United Kingdom
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Two-Beta CAPM: Implications of Asymmetry of Returns
Alexander Bukhvalov, St. Petersburg State University, Russia and Barbara Bukhvalova, BI Norwegian
Business School, Norway
Geographic Influences on IPO
Giulia Baschieri, University of Bologna, Italy; Andrea Carosi, University of Sassari, Italy; and Stefano
Mengoli, University of Bologna, Italy
On the Separability of the Real and the Financial Decisions
Alfonso Herrero de Egana Espinosa de los Monteros, UNED, Spain; Alberto Munoz, UNED, Spain;
and Carmen Soria Bravo, UNED, Spain
Volatility Spillovers and Dynamic Interactions between Stock Markets and Bond Markets in the PIIGS
Countries
Resul Aydemir, Istanbul Technical University, Turkey; Bulent Guloglu, Istanbul Technical University,
Turkey; and Ercan Saridogan, Istanbul University, Turkey
COFFEE BREAK: 16:15-16:45
SESSION V: 16:35-18:30
MONETARY ECONOMICS
Room: Do
Chair: Huseyin Kaya
An Empirical Study of the Correlation between the Monetary Aggregates and the Price Level in Euro
Area in the Years 2004 - 2013
Daniela Majercakova, Comenius University, Slovakia; Ludomir Slahor, Comenius University, Slovakia;
and Alexandra Mittelman, Comenius University, Slovakia
Monetary Policy of Inflation Targeting
Sorina Ioana Coroiu, West University of Timisoara, Romania
On the Causal Link between Money and Output Growth: Evidence from Turkey
Ozge Kandemir Kocaaslan, Hacettepe University, Turkey
Monetary Policy Transmission in the Euro zone
Ayla Ogus Binatli, Izmir University of Economics, Turkey and Niloufer Sohrabji, Simmons College,
U.S.A.
Fiscal Policy and Term Structure of Interest Rates
Lorant Kaszab, Cardiff Business School, United Kingdom and Ales Marsal, Charles University in
Prague, Czech Republic
Inflation Stabilization and Default Risk in a Currency Union
Eiji Okano, Nagoya City University, Japan; Masashige Hamano, Sophia University, Japan; and Pierre
Picard, University of Luxembourg, Luxembourg
FINANCE III
Room: Re
Chair: Alfonso Herrero de Egana Espinosa de los Monteros
Multiple Stock Dividends in Oman: Signaling or Liquidity Explanations?
Khamis Hamed Al-Yahyaee, Sultan Qaboos University, Oman
CDS Contracts versus DOOM Put Options: A Robust Relationship?
Fanou Rasmouki, Luxembourg School of Finance, Luxembourg
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October 23-25, 2014
E.U. versus O.E.C.D. Taxation - An Extended Overview for Direct Taxes and Social Contributions
Lazar Paula, University of Economic Studies, Romania and Filipescu Maria-Oana, University of
Economic Studies, Romania
The Relationship between CSR and Firm Risk in Polish Public Companies
Ewa Chojnacka, Nicolaus Copernicus University, Poland
Empirical Study on the Correlation between Banking Profitability and Banking Risk under the Impact of
the International Financial Crisis
Alina Georgiana Manta, University of Craiova, Romania; Mihai Nițoi, University of Craiova, Romania;
and Roxana Maria Badircea, University of Craiova, Romania
Some New Meanings of Sovereign Debt
Deceanu Liviu, Babes-Bolyai University, Romania
Replication and Revisiting Kendall’s 1953 Seminal Paper on Random Walk using South African Data
1986 to 2014
Robert W. Vivian, University of the Witwatersrand, South Africa and Christo J. Auret, University of the
Witwatersrand, South Africa
INVESTMENT I
Room: Mi
Chair: Alaa Aldin Alathmay
The adoption of the Internet as a Promotional Tool among Small Businesses
Jeevarathnam Govender, Durban University of Technology, South Africa
Private Equity / Venture Capital Sector Specifics in Certain Groups of Countries within Europe
Elżbieta Ligia Grzegorczyk, University of Lodz, Poland
Strategic Benefits from Advanced Manufacturing Technology Utilization and Performance of the
Company
Libuse Svobodova, University of Hradec Kralove, Czech Republic
The Effect of Economic Resilience on Private Investment in the Selected Malaysian Economic Sectors
Sallahuddin Hassan, Universiti Utara Malaysia, Malaysia and Zalila Othman, Universiti Utara
Malaysia, Malaysia
Financial Efficiency of Identified Business Models for the Small Retail Formats in Poland
Iwetta Budzik-Nowodzinska, Czestochowa University of Technology, Poland; Zuzanna Ostraszewska,
Czestochowa University of Technology, Poland; and Agnieszka Tylec, Czestochowa University of
Technology, Poland
Investing in Human Capital as Strategy to Increase the Competitiveness of the Romanian Economy
Stefania Cristina Curea Neagu, Bucharest University of Economic Studies, Romania and Anca
Teodora Serban Oprescu, Bucharest University of Economic Studies, Romania
ACCOUNTING & AUDIT II
Room: Fa
Chair: Xu-Dong Ji
Implementation of Accounting Standards: Financial Reporting in Albania
Sonila Gruda, Epoka University, Albania
Business Processes Intrinsic Accounting Quality Attributes Assessment in Lithuanian Organizations
Kristina Kundeliene, Kaunas University of Technology, Lithuania
The Process of Introducing Forensic Audit in the Public Sector Entities
Svjetlana Vranjes, University of Banja Luka, Bosnia and Herzegovina and Branka Topic-Pavkovic,
University of Banja Luka, Bosnia and Herzegovina
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October 23-25, 2014
Mandatory Auditor Rotation and Cost of Equity Capital: Korean Evidence
Seon Mi Kim, Chonnam National University, South Korea; Sook Min Kim, Korea University Business
School, South Korea; Dong Heun Lee, Korea University, South Korea; and Seung Weon Yoo, Korea
University Business School, South Korea
Empirical Study Regarding the Influence of Budgetary Transparency on Economical Performance
Maria Violeta Cimpoeru, Bucharest University of Economics Studies, Romania and Valentin
Cimpoeru, University Politechnica of Bucharest, Romania
The Different Effect of Investment and R&D on Earnings and Market Value: Evidence from
Manufacturing Firms
Georgia Pazarzi, University of Piraeus, Greece and John Sorros, University of Piraeus, Greece
Assets Held for Sale and Discontinued Operations vs. Evaluation of Liquidity - Determination of Ratio
or Necessity of Adjustment?
Grazyna Voss, University of Technology and Life Sciences, Poland and Piotr Prewysz-Kwinto,
Wyzsza Szkola Bankowa, Poland
PUBLIC ECONOMICS I
Room: Sol
Chair: Christian Breuer
Attitudes to Income Equality and Preferences for Redistribution in Turkey
Ayfer Karayel, Galatasaray University, Turkey
Statistical Analysis for Impacts of Economical Conditions on Housing Markets: An Example on Fragile
5 Countries
Olgun Aydin, Mimar Sinan University, Turkey; Ali Hepsen, Istanbul University, Turkey; and Orhan
Vatandas, Reidin.com, Turkey
Subjective Poverty in Poland
Leszek Morawski, University of Warsaw, Poland
Promoting and Implementing European Model
Beatrice Leustean, Politehnica University of Bucharest, Romania
Natural Resource Damage Assessment of Hebei Spirit Oil Spill Accident using a Contingent Valuation
Method
Sunyoung Park, Korea University, South Korea and Seung-Hoon Yoo, Seoul National University of
Science and Technology, South Korea
Does Emigration Reduce Corruption in the Countries of Origin? Household-level Evidence for the
Western Balkans
Artjoms Ivlevs, Bristol Business School, UWE, United Kingdom and Roswitha M. King, Ostfold
University College, Norway
12
th
14 EBES Conference - Barcelona
October 23-25, 2014
FRIDAY, OCTOBER 24 (DAY 2)
REGISTRATION: 08:00-16:00
SESSION I: 08:00-10:00
PUBLIC ECONOMICS II
Room: Do
Chair: Hieyeon Keum
Doing Business in Bulgaria - State Efficiency, Competition and Regulations
Maria Marikina, University of National and World Economy, Bulgaria and Stela Raleva, University of
National and World Economy, Bulgaria
Optimal Proportion of Japanese Government Bonds
Ahmad Danu Prasetyo, Keio University, Japan
On the Identification and Macroeconomic Effects of Discretionary Changes in Fiscal Policy
Christian Breuer, Ifo Institute, Germany
Fiscal Contractions in Eurozone in the Years 1995-2013. Can non-Keynesian Effects be Helpful in
Future Deleverage Process?
Adam P. Balcerzak, Nicolaus Copernicus University, Poland; Michal Pietrzak, The Nicolaus
Copernicus University in Torun, Poland; and Elzbieta Rogalska, University of Warmia and Mazury,
Poland
Measuring Active Aging: Evidence from Russia
Liudmila Zasimova, National Research University Higher School of Economics, Russia and Maria
Sheluntcova, National Research University Higher School of Economics, Russia
Spatial Concentration of Public Expenditures: The Case of Turkey
Suleyman Ozcan, Dumlupinar University, Turkey and Guner Tuncer, Dumlupinar University, Turkey
FOREIGN DIRECT INVESTMENT I
Room: Re
Chair: Helmut Birnleitner
Product versus Process Innovation and Firms’ Global Engagement
Yong Joon Jang, Kyung Hee University, South Korea and Hea-Jung Hyun, Kyung Hee University,
South Korea
Foreign Direct Investment in ASEAN 5: Competing or Complimentary?
Nurul Nadia Mohamad Hamidi, University Malaya, Malaysia and Zarinah Yusof, University Malaya,
Malaysia
New Economic Geography and the Provincial Distribution of Foreign Direct Investment in Vietnam
Hien Thanh Hoang, The University of New England, Australia
The Dynamic Effects of Custom Union on Foreign Direct Investment: A Panel Data Analysis
Yagmur Saglam, Dokuz Eylul University, Turkey and Pinar Dursun, Dokuz Eylul University, Turkey
Intra-EU Capital Movements: Experiences of 10 Years of Poland’s EU Membership
Janina Witkowska, University of Lodz, Poland
13
th
14 EBES Conference - Barcelona
October 23-25, 2014
INSTITUTIONAL FACTORS OF THE GLOBAL ECONOMIC CRISIS ELIMINATION
(Special session 0rganized by Volgograd State Technical University, Russia)
Room: Mi
Chair: Elena Popkova
The European Economic Crisis: The Continental Threats for the System of Higher Education in
Europe
Irina Morozova, Volgograd State Technical University, Russia and Tatiana Litvinova, Volgograd State
Agrarian University, Russia
Overcoming the ‘Underdevelopment Whirlpools’ on the Basis of Ecologically Pure Industrial
Production
Elena Popkova, Volgograd State Technical University, Russia
Reshoring as a Modern Form of Economic Competition between Developed and Emerging Countries
Larisa Shakhovskaya, Volgograd State Technical University, Russia and Yana Matkovskaya,
Volgograd State Technical University, Russia
Formation of Marketing Mobility of Russian Institutions of Higher Education in the Market of Additional
Educational Services
Olga Konina, Volgograd State Technical University, Russia
Prospects of Risk Management on Small Trade Enterprises
Elena Lopatina, Volgograd State Technical University, Russia
Integrated Systems of Marketing Information as the Element of Modern Organization’s Management
Dmitry Bogdanov, Volgograd State University, Russia
MARKETING II
Room: Fa
Chair: Shigeru Matsumoto
The Use of Social Media in the Marketing Communication of Polish Micro, Small and Medium
Enterprises of ICT Sector
Anna Scheibe, Adam Mickiewicz University, Poland
Customer Brand Engagement through Social Networks: The Case of Lithuanian Mobile Service
Providers
Rita Kuvykaite, Kaunas University of Technology, Lithuania; Karolina Sebeckyte, Vilnius University,
Lithuania; and Aiste Dovaliene, Kaunas University of Technology, Lithuania
E-shop Offer as Tool Creating Value for Customer
Marcin Lewicki, Poznan University of Economics, Poland
The Role of User Generated Content in Enhancing Internet User’s Brand Engagement
Farzana Quoquab, UTM International Business School, Malaysia; Morteza Zeinali, UTM International
Business School, Malaysia; Nomahaza Mahadi, UTM International Business School, Malaysia; and
Wan Khairuzzaman Wan Ismail, UTM IBS/Jazan University, Malaysia
The Effects of Online Consumer Reviews on Consumer Purchasing Intention
Merve Yanar Gurce, Gedik University, Turkey and Muzeyyen Benli, Yildiz Technical University, Turkey
Methodological Framework for Private Labels Performance Evaluation
Dilyara Akbulatova, National Research University Higher School of Economics, Russia
14
th
14 EBES Conference - Barcelona
October 23-25, 2014
MANAGEMENT III
Room: Sol
Chair: Gregory John Lee
Corporate Social Responsibility and Brand Management in Croatian SMEs - Case Study
Tihomir Vranesevic, University of Zagreb, Croatia and Pavao Vranesevic, University of Zagreb,
Croatia
Revisiting the Role of Manager Intelligence: An Implicit Leadership Theory and LMX Approach
Gregory John Lee, University of the Witwatersrand, South Africa and Althea Jansen, University of the
Witwatersrand, South Africa
Gender and Management - Changing Perceptions and Attitudes
Angela On, Petru Maior University Tirgu-Mures, Romania
Competencies Requirements for Sales People in Modern Organizations
Maciej Malarski, University of Lodz, Poland
Leading Change: A Stakeholder Approach to Innovation: The Case of a Business School’s
Transformation
Michael Nastanski, Saint Leo University, U.S.A. and David Felsen, Saint Leo University, U.S.A.
The Determinants and Influence of Process Maturity on Organizational Performance
T. Bartosz Kalinowski, University of Lodz, Poland
COFFEE BREAK: 09:50-10:20
SESSION II: 10:05-12:05
PUBLIC ECONOMICS III
Room: Do
Chair: David Felsen
International Tax Competition and Tax Havens - Comparative Analysis based on Selected Countries
Joanna Dzialo, University of Lodz, Poland
Differential Value Added Tax (VAT) vs.a Flat Rate VAT - Impacts on Inequality and Efficiency
Joseph Gabbay, Ariel University, Israel
Tax Challenges in the Global Economy
Jolanta Galuszka, University of Economics in Katowice, Poland
Funded Pension Systems of Russia and Kazakhstan: Cross out or Improve?
Karen Tumanyants, Volgograd State University, Russia and Anna Elkina, Volgograd State University,
Russia
The Propensity to Tax Competition: The Case of the Implementation of Tax Policy by Polish Local
Governments
Artur Walasik, University of Economics in Katowice, Poland
Social Pension Scheme: A Calibration Analysis for Malaysia
Abdelhak Senadjki, Universiti Tunku Abdul Rahman, Malaysia and Saidatulakmal Mohd, Universiti
Sains Malaysia, Malaysia
15
th
14 EBES Conference - Barcelona
October 23-25, 2014
EXCHANGE RATES
Room: Re
Chair: Wai Ching Poon
The Effect of Exchange Rate Uncertainty on Non-oil Exports in Iran
Mozhdeh Borzui, Azad University, Iran and Karim Emami, Iran
The Chinese Renminbi as an International Anchor Currency: A Tale of 64 Currencies
Jyh-Dean Hwang, National Taiwan University, Taiwan
Exports of Malaysia to the United States: Evidence from Exchange Rate Volatility Estimated by the
PGARCH(1,1) Model
Hock Tsen Wong, Universiti Malaysia Sabah, Malaysia
Exchange Rate Volatility Exposure on Corporate Cash Flows and Stock Prices: The Case of Poland
Lucie Tomanova, Silesian University in Opava, Czech Republic
Fear of Floating: The Case of Turkey
Selin Zengin, Hacettepe University, Turkey
The Impacts of Exchange Rate Volatility on International Trade Flows: Evidence from 30 Countries
Thi Dieu Linh Huynh, The University of New England, Australia
SMEs & ENTREPRENEURSHIP
Room: Mi
Chair: Oleksandr Talavera
Organizational Learning in Asian Small and Medium-Sized Enterprises: Case Studies from Singapore
Thomas Menkhoff, Singapore Management University, Singapore
The Using Level of R&D towards Direct Supports of SMEs: An Exploratory Study in Turkey
Filiz Giray, Uludag University, Turkey; Mehmet Cinar, Uludag University, Turkey; and Simla Guzel,
Uludag University, Turkey
Competence of Construction Project Managers in SMEs in Poland and Malaysia
Krzysztof Dziekonski, Bialystok University of Technology, Poland; Arkadiusz Jurczuk, Bialystok
University of Technology, Poland; and Amran Rasli, Universiti Teknologi Malaysia, Malaysia
Practical use of the Financial Management of Small and Medium-Sized Enterprises in the Czech
Republic Conditions
Eva Hamplova, University of Hradec Kralove, Czech Republic and Katerina Provaznikova, University
of Hradec Kralove, Czech Republic
Regional Subsidies for Industrial Development: Time for Indirect Subsidies?
Anu Tokila, University of Jyvaskyla, Finland
Creating Additional Benefits in Enterprises by Private Equity Funds: Results of Researches
Ilona Falat Kilijanska, Wroclaw University of Economics, Poland
MARKETING III
Room: Fa
Chair: Caroline SL Tan
When does it Matter? A Study on Eco Labels and Japanese Consumers’ Product Choice
Caroline SL Tan, University of Tsukuba, Japan
Understanding Economics and Marketing of Ecomuseums
Angela Besana, IULM University, Italy and Annamaria Esposito, IULM University, Italy
16
th
14 EBES Conference - Barcelona
October 23-25, 2014
Attitudes of the First Representatives of Generation Z toward Corporate Social Responsibility Projects
and Their Purchasing Intention for Socially Responsible Companies‘ Products
Derman Kucukaltan, Arel University, Turkey; Cagla Ariker, Istanbul Kultur University, Turkey; and
Andac Toksoy, Istanbul Kultur University, Turkey
CLV Model Selection for Segmentation Perspective
Mohamed Ben Mzoughia, University of Tunis, Tunisia and Mohamed Limam, Dhofar University, Oman
Market Penetration of Imported Agricultural Commodities: A Hedonic Analysis of Japanese Wine
Market
Vincent Hoang, Queensland University of Technology, Australia; Takao Iida, Sapporo University,
Japan; Shigeru Matsumoto, Aoyama Gakuin University, Japan; Natsuki Watanabe, The University of
Tokyo, Japan; and Clevo Wilson, Queensland University of Technology, Australia
Relations between Consumer Ethnocentrism, Cosmopolitanism and Materialism: Lithuanian
Consumer Profile
Zaneta Piligrimiene, Kaunas University of Technology, Lithuania and Gintare Kazakauskiene, Kaunas
University of Technology, Lithuania
INVESTMENT II
Room: Sol
Chair: Ayse Belma Ozturkkal
Development of Public Market of Corporate Bonds in Poland
Piotr Prewysz-Kwinto, Wyzsza Szkola Bankowa, Poland and Grazyna Voss, University of Technology
and Life Sciences, Poland
Market Inefficiencies and Forecastability of Spot Rates in the Shipping Sector
Nils Wittmann, TU Dortmund University, Germany and Marcus Eppinger, University of Hamburg,
Germany
Equity Risk Premium in South Africa 1986 to 2014
Christo J. Auret, University of the Witwatersrand, South Africa and Robert W. Vivian, University of the
Witwatersrand, South Africa
Are the Stock Markets "Rigged"? High Frequency Trading and Our Electronic Financial Markets
Steven McNamara, American University of Beirut, Lebanon
The Effect of Market Volatility on Mutual Fund Flow: Evidence from Thailand
Suparatana Tanthanongsakkun, Chulalongkorn University, Thailand
The Region of Southeast Europe: The Island of Missing Gas Connectivity and its European
Implications
Monika Moraliyska Ivanova, University of National and World Economy, Bulgaria
BEST PAPER AWARD CEREMONY: 12:10-12:15
Room: Sol
KEYNOTE SPEAKER: 12:15-12:45
Room: Sol
The Role of Emerging Market Currencies in the Global Financial System
Jonathan Batten, EBES & Monash University, Australia
17
th
14 EBES Conference - Barcelona
October 23-25, 2014
SESSION III: 12:50-14:50
MARKETING IV
Room: Do
Chair: Lorrie McGovern
Can the Big Data Analysis as the Method of Marketing really Fulfill Consumers' Needs?: Relationship
with Big Data Analysis and the Buying Behavior of Consumers
Youngmi Kang, Meiji University, Japan
Linking Customer Loyalty to Customer Satisfaction and Store Image
Smitha Siji, Rajagiri Centre for Business Studies, M G University Kottayam, India
Evaluation of Fast Food Restaurant Customers within Online Shopping Websites: The Case of
Groupon
Yetkin Bulut, Ondokuz Mayis University, Turkey and Mustafa Guchan Buyuran, Ondokuz Mayis
University, Turkey
Fostering Effective Cooperation between Marketing and Sales
Daniela Kolouchova, University of Economics, Czech Republic and Jan Rozek, University of
Economics Prague, Czech Republic
Mission-Objectives Matrix MOM as an Innovative Tool of Marketing Strategy Audit
Kakhaber Djakeli, Caucasus International University, Georgia
The Effect of Self Congruity Dimensions on Customers’ Switching Intention: Lessons Learned from
Malaysian Hotel Industry
Farzana Quoquab, UTM International Business School, Malaysia; Reza Saleki, Universiti Teknologi
Malaysia, Malaysia; and Wan Khairuzzaman Wan Ismail, UTM International Business School,
Malaysia
Satisfaction, Trust and Habit - which is the most Important Factor Affecting Customer Loyalty?
Iuliana Claudia Bobalca, Alexandru Ioan Cuza University of Iasi, Romania
PUBLIC ECONOMICS IV
Room: Re
Chair: Joseph Gabbay
A Comparative Analysis of the Historical Developments in the Post-Keynesian Economics
Ozlen Hic Birol, Istanbul University, Turkey and Aysen Hic Gencer, Istanbul Aydin University, Turkey
Construction of a Cultural Policy Index in High-Dimensional Settings: Longitudinal Dimensions
Andrej Srakar, University of Ljubljana, Slovenia; Miroslav Verbic, University of Ljubljana, Slovenia; and
Vesna Copic, University of Ljubljana, Slovenia
Collusions in the Russian Markets: What is the Role of Authorities?
Luibov Antosik, Volgograd State University, Russia
The Impact of the Economic Transformation on the Development of Economic Freedom - Case of
Poland
Anna Stepniak-Kucharska, University of Lodz, Poland
Using Computer Methods to Identify the Factors Affecting the Management of an Urban Parking Lot
Michal Janicki, OveArup&Partners International Limited Sp. z o.o., Poland; Czeslaw Kolanek,
International University of Logistics and Transport in Wroclaw, Poland; Katarzyna Topolska, Wroclaw
School of Banking, Poland; and Mariusz Topolski, Wroclaw School of Information Technology, Poland
18
th
14 EBES Conference - Barcelona
October 23-25, 2014
SMEs I
Room: Mi
Chair: Irene Fafaliou
Situation of Small and Medium-sized Enterprises in Poland in the Years of Economic Downturn
Dominika Kordela, University of Szczecin, Poland
An Analysis of the Macroeconomic Conditions Required for SME Lending: The Case of Turkey
Hatice Jenkins, Eastern Mediterranean University, North Cyprus and Monir Hossain, Eastern
Mediterranean University, North Cyprus
Internal Factors of the Development of Small and Medium-sized Enterprises. Case Study of Poland
Renata Lisowska, University of Lodz, Poland
Financial Performance of Italian SMEs in the Veneto Region: Effect of the 2007 World Financial Crisis
Paolo Roffia, University of Verona, Italy
Financial Inclusion: The Impact of ICT on Broadening Access to Financial Services
Dipinder Singh Randhawa, SIM University, Singapore
BEHAVIORAL FINANCE
Room: Fa
Chair: Christoph Buehren
Domestic Investors Trading Behavior: Empirical Evidence from Malaysian Equity Market
Ros Zam Zam Sapian, National University of Malaysia, Malaysia
Financial Inclusion and Financial Choices in Turkey: Demographic, Political, Religious Level
Ayse Belma Ozturkkal, Kadir Has University, Turkey and Nurhan Davutyan, Kadir Has University,
Turkey
Behavioral Economics and Decision-Making
Alina-Maria Neațu, The Bucharest Academy of Economic Studies, Romania
Behavioral Biases of Individual Investors: The Effect of Anchoring
Salma Zaiane, FSEG Tunis, Tunisia
Short - termism: Empirical Evidence and Policy Recommendations
Vedat Akgiray, Bogazici University, Turkey; Ali Coskun, Bogazici University, Turkey; and Emrah
Sener, Ozyegin University, Turkey
Imagine Being a Nice Guy: A Note on Hypothetical vs. Incentivized Social Preferences
Christoph Buehren, University of Kassel, Germany and Thorben Kundt, Helmut-Schmidt-University
(HSU), Germany
INDUSTRIAL ORGANIZATION I
Room: Sol
Chair: Irene Daskalopoulou
The Influence of the Global Economic Crisis on Technical Efficiency: Russian Plastic and Rubber
Production
Irina Ipatova, National Research University Higher School of Economics, Russia
Economics and Profiling of Contemporary Creativity
Angela Besana, IULM University, Italy
Degree of the Strategy Implementation vs. the Concept, Time Horizon and Update of the Strategy
Letycja Soloducho-Pelc, Wroclaw University of Economics, Poland
19
th
14 EBES Conference - Barcelona
October 23-25, 2014
Confronting the Challenge Imposed on Free Zone Egyptian Garment Exporters to Increase their
Profitability
Adel Saladin El Geiheini, Faculty of Engineering, Egypt; Raafat M., Faculty of Engineering, Egypt; and
El Golmy S., Faculty of Engineering, Egypt
Investigating Potential Strategies for Increasing the Competiveness for the Romanian Jewelry
Companies
Raluca Daniela Rizea, The Bucharest University of Economic Studies, Romania
Engagement in Asymmetric Markets: Causes and Consequences
Basak Dalgic, Hacettepe University, Turkey and Burcu Fazlioglu, TOBB-ETU University, Turkey
SESSION IV: 14:50-16:45
MANAGEMENT IV
Room: Do
Chair: Nevenka Cavlek
Service Quality Assessment in Retail Industry: Some Evidence from Supermarkets in Greece
Athanasia Karakitsiou, Lulea University of Technology, Sweden
The Effects of ISO 9001 Quality Management System upon Firms and Employees
Mehmet Emin Demir, Selcuk University, Turkey
Core Technology Analysis based on Public Big Patent Data: Fuel-cell Vehicle
KyungBae Park, Kyungpook National University, South Korea; Sung Ho Ha, Kyungpook National
University, South Korea; Weina Liu, Kyungpook National University, South Korea; and Won Sakong,
Kyungpook National University, South Korea
ERP Product and End User Interaction: An Experimentation of User Perceptions
Ayse Hepkul, Anadolu University, Turkey and Vichuda Polatoglu, Anadolu University, Turkey
Exploring Knowledge Sharing Practices: A Study on the Omani Banking Sector
Tareq Mohammad Alhousary, Dhofar University, Oman
Enterprise Database Platforms
Krassimira Shvertner, Sofia University, Bulgaria
GROWTH AND DEVELOPMENT II
Room: Re
Chair: Eiji Okano
Reaction of Interest Rate on Inflation Gap, Output Gap and Exchange Rate
Wai Ching Poon, Monash University, Malaysia
Sustainability, Consumption, and Technology
Mustafa Akan, Halic University, Turkey
«New normal», Output Gap and Multivariate Kalman Filter
Alexander Apokin, CMASF, Russia and Irina Ipatova, National Research University Higher School of
Economics, Russia
Trust and Delegation: Theory and Evidence
Nurullah Gur, Istanbul Commerce University, Turkey and Christian Bjornskov, Aarhus University,
Denmark
Reindustrialization by Encouraging Start-ups
Nikolay Sterev, University of National and World Economy, Bulgaria; Diana Kopeva, University of
National and World Economy, Bulgaria; and Dimitar Blagoev, University of National and World
Economy, Bulgaria
20
th
14 EBES Conference - Barcelona
October 23-25, 2014
The Benefits of Informality: Street Markets and Economic Mobility?
Dipinder Singh Randhawa, SIM University, Singapore and Niti Pawakapan, Chulalongkorn University,
Thailand
MARKETING V
Room: Mi
Chair: Doris Berger Grabner
A Study on Backward Business Partner Networking Advantage and Pareto Distribution Network
Accessibility as a Bridging Process for Marketing Performance: Indonesian Evidence
Augusty Tae Ferdinand, Diponegoro University, Indonesia and Maklon Killa, Wira Wacana School of
Economics, Indonesia
Marketing of Personal Transformation via Consumption, Materialism, and Sustainability
Ioannis Pantzalis, Saint Leo University, U.S.A. and Lorrie McGovern, Saint Leo University, U.S.A.
Sentiment Classification in Multiple Languages - Fifty Shades of Customer Opinions
Tomas Kincl, University of Economics, Czech Republic; Michal Novak, University of Economics,
Czech Republic; and Jirí Pribil, University of Economics, Czech Republic
Marketing Planning and Performance: The Case of Transitional Economy
Tamara Jovanov Marjanova, Goce Delcev University of Stip, Macedonia; Riste Temjanovski, Goce
Delcev University of Stip, Macedonia; and Snezana Ristevska - Jovanovska, University "Ss. Cyril and
Methodius", Macedonia
Explaining Consumer Acculturation among Immigrants through Homeownership: Evidence from Spain
Mario Gonzalez Fuentes, Trinity University, U.S.A. and Carlos Iglesias-Fernandez, University of
Alcala, Spain
Analysis of the Relationship between Emotions, Price and Expectations in the Valuation of Hotels by
E-customers
Jorge Pelegrin-Borondo, University of La Rioja, Spain; Mario Arias-Oliva, Rovira i Virgili University,
Spain; and Alicia Izquierdo-yusta, University of Burgos, Spain
SMEs II
Room: Fa
Chair: Dipinder Singh Randhawa
Growth Traps in Polish Micro and Small Businesses
Jaroslaw Ropega, University of Lodz, Poland
E-business in Micro Enterprises - Lessons Learned
Samo Bobek, University of Maribor, Slovenia; Irena Sisovska, University of Maribor, Slovenia; Simona
Sternad, University of Maribor, Slovenia; and Monika Mravljak, University of Maribor, Slovenia
Innovativeness SMSs of Polish Regions on the Example of the Lodz Region
Malgorzata Jablonska, University of Lodz, Poland
Open Innovation Practices by Turkish Small and Medium Sized Firms
Hasan Kursat Gules, Selcuk University, Turkey and Muammer Zerenler, Selcuk University, Turkey
Exporting and Profitability of Italian SMEs in a Downturn Period: The S-curve Hypothesis and
Moderating Effects of Technology Investments
Silvia Cantele, University of Verona, Italy
Savings of Households Run by Self-Employed Persons in Rural Areas in Poland
Dorota Krupa, Nicolaus Copernicus University, Poland and Damian Walczak, Nicolaus Copernicus
University, Poland
21
th
14 EBES Conference - Barcelona
October 23-25, 2014
INVESTMENT III
Room: Sol
Chair: Jonathan Batten
Pricing Anomalies and Costs of Arbitrage: A Possible Explanation of Persistence on the Cross-section
of Shares Listed on the JSE
Daniel Page, University of the Witwatersrand, South Africa and James Britten, University of the
Witwatersrand, South Africa
Are Discounted Incomes Modal and Capitalization Method Reliable in Real Estate Appraisal?
Nurgun Komsuoglu Yilmaz, Istanbul Aydin University, Turkey and Dilara Dincyurek, Yildiz Technical
University, Turkey
Diversification Benefits on Eastern European Equity Markets
Cristiana Doina Tudor, Bucharest Academy of Economic Studies, Romania; Andrei Anghel, Bucharest
Academy of Economic Studies, Romania; and Maria Tudor, Bucharest Academy of Economic Studies,
Romania
The Value Relevance of the Operational Leases
Claudio Antonio Figueiredo Pais, ISCTE-IUL, Portugal
Measuring Performance in Risk Premium Generation: Notional Returns and Qualitative Asset
Classification
Maria-Teresa Bosch-Badia, Universitat Autonoma de Barcelona, Spain; Joan Montllor Serrats,
Universitat Autonoma de Barcelona, Spain; and Maria-Antonia Tarrazon-Rodon, Universitat Autonoma
de Barcelona, Spain
The Cross-Section of Expected Stock Returns in Brazil
Gyorgy Varga, FCE Consulting, Brazil and Ricardo Brito, Insper, Brazil
COFFEE BREAK: 16:40-17:10
SESSION V: 16:50-18:45
FINANCE IV
Room: Do
Chair: Vedat Akgiray
Corporate Cash Holdings and Financial Crisis: Evidence from Jordan
Asmaa Al-Amarneh, Applied Science Private University, Jordan
The Responsiveness of Corporate Investments to Changes in Corporate Income Taxation during the
Current Financial Crisis: Empirical Evidence from Slovenian Firms
Matjaz Crnigoj, Institute for Economic Research, Slovenia
Firm's Optimal Decisions of Downsizing, Debt Restructuring, and Default
Michi Nishihara, Osaka University, Japan and Takashi Shibata, Tokyo Metropolitan University, Japan
The Correlation between Economic added Value and Profitability Indicators: Case Study on the
Romanian Companies Listed at BSE
Ganea Mirela, University of Craiova, Romania
The Adaptive Market Hypothesis: Beyond a Static view of Market Efficiency
Yudhvir Seetharam, University of the Witwatersrand, South Africa; Christo J. Auret, University of the
Witwatersrand, South Africa; and Turgay Celik, University of the Witwatersrand, South Africa
Ramadan Effect: Evidence from Turkey
Ender Demir, Istanbul Medeniyet University, Turkey and Deniz Yalcin, Istanbul Bilgi University, Turkey
22
th
14 EBES Conference - Barcelona
October 23-25, 2014
ENTREPRENEURSHIP
Room: Re
Chair: Iiris Aaltio
Culture and Other Determinants of Venture Capital Investments
Pascal Gantenbein, University of Basel, Switzerland and Christophe Volonte, University of Basel,
Switzerland
How does Social Entrepreneurship Differ from Commercial Entrepreneurship?: A Process Perspective
Chul Woo Moon, Sungkyunkwan University, South Korea; You Sang Koh, Sungkyunkwan University,
South Korea; and Sang Kyun Kim, Sungkyunkwan University, South Korea
Heterogeneous Self-Employment and Work Values: The Case of Russian-Language Internet
Freelancers
Andrey Shevchuk, Higher School of Economics, Russia and Denis Strebkov, NRU Higher School of
Economics, Russia
Empowering Female-owned SMEs with ICT in Selected Arab Countries and Brazil
Mona Farid Badran, Cairo University, Egypt
On the ‘Optimal’ Corruption: An Analysis of Societal and Business Ethics in Greece
Irene Daskalopoulou, University of Peloponnese, Greece
Sustainable Reporting - Evidence from Croatia
Nidzara Osmanagic Bedenik, University of Zagreb, Croatia and Ivan Strugar, University of Zagreb,
Croatia
MARKETING VI
Room: Mi
Chair: Tomas Kincl
Does One Year Difference in Education Lead to Different Web Credibility Assessment?
Oana Carmen Tugulea, Alexandru Ioan Cuza University of Iasi, Romania
Cross-Cultural Issues in Social Networking Sites: Review of Research
Elena Vitkauskaite, Kaunas University of Technology, Lithuania
Does a Global Young Consumer Exist? A Comparative Study of South Korea and Poland
Katarzyna Dziewanowska, University of Warsaw, Poland and Agnieszka Kacprzak, University of
Warsaw, Poland
A Study on the Socio-Psychological Factors influencing the Brand Addiction of Consumers
Jieun Lee, Kyungpook National University, South Korea and Soram Heo, Pusan National University,
South Korea
The Influence of Product Presentation on Product Sales: An Eye-tracking Study in the Wholefood
Sector
Doris Berger Grabner, IMC FH Krems, Austria
Moderating Effects of the Consumer Experience on the Precedents of the Behavioral Intention to
Purchase in the Searching Process
Ana-Maria Argila-Irurita, University of Barcelona, Spain and Francisco-Javier Arroyo-Canada,
University of Barcelona, Spain
23
th
14 EBES Conference - Barcelona
October 23-25, 2014
FOREIGN DIRECT INVESTMENT II
Room: Fa
Chair: Selahattin Bekmez
Export Spillovers from Foreign Direct Investment: Evidence from Turkey
Burcu Fazlioglu, TOBB Economics and Technology University, Turkey and Basak Dalgic, Hacettepe
University, Turkey
Thai Outward Direct Investment: Trends, Patterns and Determinants
Tientip Subhanij, Bank of Thailand, Thailand and Chitchanok Annonjarn, Bank of Thailand, Thailand
The Impact of Foreign Direct Investment on Economic Growth of Jordan
Hadeel Yaseen, Applied Science University, Jordan
The Mergers and Acquisitions in Hungary between 1997 and 2013
Laszlo Zoltan Kucseber, Szechenyi Istvan University RGDI, Hungary
Influence of Macro-Economic Factors Related to the Expansion Process of Business Entities
Managers Allocate to their Decisions in Terms of Country Selection
Helmut Birnleitner, University of Applied Sciences Kufstein, Austria
MANAGEMENT V
Room: Sol
Chair: Michael Nastanski
Creating Value within Romanian Companies
Adrian Budica, University of Craiova, Romania
Values in Postmodern Management
Eneken Titov, Estonian Entrepreneurship UAS, Estonia
Comovement as a Measure of Stock Price Informativeness: The Case of Social Media
Yana Shigina, National Research University Higher School of Economics, Russia and Alexander
Kostrov, National Research University Higher School of Economics, Russia
The Use of Online Technology in the Inbound Commerce
Andrzej Szymkowiak, Poznan University of Economics, Poland
Methodological Assumptions for Creating a Model of Business Performance
Tomasz Czapla, University of Lodz, Poland and Maciej Malarski, University of Lodz, Poland
The Impact of Leadership Style as a Moderator Variable on the Relationship between Leadership
Practices and Organizational Performance: Analytical Study on Jordanian Commercial Banks
As'ad, H. Abu-Rumman, Applied Science Private University, Jordan; Anas Yahya Al Hadid, Applied
Science Private University, Jordan; and Faisal Al Bourini, Applied Science Private University, Jordan
24
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14 EBES Conference - Barcelona
October 23-25, 2014
SATURDAY, OCTOBER 25 (DAY 3)
REGISTRATION: 08:00-16:00
SESSION I: 08:00-10:00
POLITICAL ECONOMY
Room: Do
Chair: Jonathan Batten
Crimea Crisis and European Neighborhood Policy: Revisiting Energy Security Dilemma between EU
and Russia
Dina Fakhry Ishak Jaccob, Cairo University, Egypt
Overcoming Asian Paradoxes: Towards the Prosperity and Peace in the Region
Hieyeon Keum, University of Seoul, South Korea
Is China in Security Dilemma?
Ling Li, Military Economics Academy, China; Ruixing Huang, Military Economics Academy, China; and
Dewei Wang, Military Economics Academy, China
The Transatlantic Trade and Investment Partnership: U.S.-EU-Turkey
Erjada Progonati, Hitit University, Turkey
The New BRICS Development Bank in Comparative and Historical Perspective
David Felsen, Saint Leo University, U.S.A. and Lorrie McGovern, Saint Leo University, U.S.A.
Soft Power Concept and Soft Power Index
Murat Cetin, Istanbul University, Turkey and Kiymet Yavuzaslan, Istanbul University, Turkey
ECONOMICS OF INNOVATION
Room: Re
Chair: Steven McNamara
Scientific Linkage between Patents and Firm Productivity: Panel Data Evidence from Taiwanese
Electronics Firms
Jong-Rong Chen, National Central University, Taiwan; Kamhon Kan, Academia Sinica, Taiwan; and IHsuan Tung, National Central University, Taiwan
A Comparative Study on Sino-US Science and Technology Innovation Policies
Geng Zhe, Beijing University of Technology, China and Zhang Yong’an, Beijing University of
Technology, China
Innovational Systems of National Economic Management
Viktoria Ostrovskaya, FSAEE HPE ‘North Caucasus State University, Russia
The Effect of Patent Grant on the Geographic Reach of Patent Sales
Kyriakos Drivas, Agricultural University of Athens, Greece; Irene Fafaliou, University of Piraeus,
Greece; Elpiniki Fampiou, University of Piraeus, Greece; and Demetrius Yannelis, University of
Piraeus, Greece
Financial Barriers to Innovation: A European Perspective
Nuria Arimany Serrat, Universitat de Vic, Spain; Xavier Ferras Hernandez, Universitat de Vic, Spain;
Joan Freixanet Solervicens, Universitat Pompeu Fabra, Spain; Petra Nylund, Universitat de Vic,
Spain; and Eric Viardot, EADA Business School, Spain
25
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14 EBES Conference - Barcelona
October 23-25, 2014
HUMAN RESOURCES II
Room: Mi
Chair: Nidzara Osmanagic Bedenik
The Impact of Transformational Leadership on Organizational Innovation Moderated by Innovative
Behaviors
Wan Khairuzzaman Wan Ismail, UTM International Business School, Malaysia; Mozhdeh Mokhber,
UTM International Business School, Malaysia; Siti Zaleha Abdul Rasid, UTM International Business
School, Malaysia; and Qamrul Islam, Jazan University, Saudi Arabia
Job Stressors as the Catalysts of Employees’ Turnover Intention: A Study of Malaysian Oil and Gas
Industry
Farzana Quoquab, UTM International Business School, Malaysia; Atefeh Jamshidian, UTM
International Business School, Malaysia; Nomahaza Mahadi, UTM International Business School,
Malaysia; and Siti Zaleha Abdul Rasid, UTM International Business School, Malaysia
The Mediating Role of Cynicism on Authentic Leadership and Organizational Identification
Relationship
Ilge Kurt, Nisantasi University, Turkey
Human Resource Management in Romania: Strategic or Utopia?
Ruxandra Ciulu, 'Alexandru Ioan Cuza' University of Iasi, Romania; Carmen Claudia Arustei,
'Alexandru Ioan Cuza' University of Iasi, Romania; and Andreea Apetrei, Catholic University of
Valencia, Spain
Structural Levels and Phases in the Process of Social Adaptation of Laid-off Bulgarian Army
Servicemen and their Family Members
Venelin Terziev, University of Agribusiness and Regional Development, Bulgaria and Sevdalina
Dimitrova, Vasil Levski National Military University, Bulgaria
MANAGEMENT VI
Room: Fa
Chair: Gregory John Lee
Impact of Culture on Entrepreneurial Characteristics: Women’s Status in Turkey
Gunes Nezire Zeytinoglu, Anadolu University, Turkey
Moving beyond Ethics: “The Story of Truth Oriented Governance
Ali Asghar Pourezzat, University of Tehran, Iran; Khadijeh Rouzbehani, University of Tehran, Iran; and
Ghazaleh Taheriattar, University of Tehran, Iran
The Effects of Corporate Culture on Ethical Behaviors
Halit Buluthan Cetintas, Ataturk University, Turkey
A Framework for Evaluating Corporate Social Responsibility
Rimante Hopeniene, Kaunas University of Technology, Lithuania and Vytaute Eismontaite, Kolping
University of Applied Science, Lithuania
Does Access to Finance Matter in Microenterprise Growth? Evidence from Bangladesh
Rubaba Ali, University of Maryland, College Park, U.S.A.; Shahidur Khandker, World Bank, U.S.A.;
and Hussain Samad, World Bank, U.S.A.
GROWTH AND DEVELOPMENT III
Room: Sol
Chair: Hatice Jenkins
An Investigation of Cointegration and Causality between Public Debt and Economic Growth: Panel
Evidence from G-7 Countries
Serdar Ozturk, Nevsehir Haci Bektas Veli University, Turkey; Ali Sozdemir, Cumhuriyet University,
Turkey; and Ebru Topcu, Nevsehir Haci Bektas Veli University, Turkey
26
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14 EBES Conference - Barcelona
October 23-25, 2014
Influence of Fiscal Decentralization on Economic Development in the European Union: Generalized
Method of Moments Approach
Irena Szarowska, Silesian University in Opava, Czech Republic
Debt and Economic Growth in the European Union: What Causes what?
Candida Ferreira, ISEG, ULISBOA and UECE, Portugal
Modeling of Evolutionary Processes in Economics: Multi-agent Approach
Kateryna Kononova, Karazin Kharkiv National University, Ukraine
Minimum wage policy and country's efficiency
Mohd. Zaini Abd Karim, Universiti Utara Malaysia, Malaysia; Sallahuddin Hassan, Universiti Utara
Malaysia, Malaysia; and Sok-Gee Chan, University of Malaya, Malaysia
SSA Model Based View on FDI, Fixed Investments and Consumer Consumption for Economic
Growth: Take NingBo as a Case
Yue Guo, Ningbo University of Technology, China; Zhu Zhanfeg, Ningbo University of Technology,
China; and Zhou Jiani, Jiangxi Vocational College of Finance and Economics, China
COFFEE BREAK: 09:50-10:20
SESSION II: 10:05-12:05
RISK MANAGEMENT
Room: Do
Chair: Thomas Ilin
The Relationship between Strategy, Perceived Environment Uncertainty and Enterprise Risk
Management Implementation
Siti Zaleha Abdul Rasid, UTM International Business School, Malaysia; Bahareh Hossein Nezhad
Nedaei, Universiti Teknologi Malaysia, Malaysia; Saudah Sofian, Universiti Teknologi Malaysia,
Malaysia; Rohaida Basiruddin, UTM IBS, Malaysia; and Wan Khairuzzaman Wan Ismail, UTM
International Business School, Malaysia
Dynamics of Economies and Risk of Bankruptcy of Firms
Iancu Eugenia, Stefan cel Mare University, Romania
Probability of Default Evaluation in Residential Mortgage Lending
Alexander Karminsky, National Research University Higher School of Economics, MGIMO-University,
Russia and Agatha Poroshina, National Research University Higher School of Economics, Russia
Analysis of the Available Forms of Protection against the Adverse Impact of Weather Risk in the World
Dorota Michalak, University of Lodz, Poland
Identifying SIFI Determinants for Global Banks and Insurance Companies
Maiya Vasillievna Anokhina, National Research University Higher School of Economics, Russia; Henry
Penikas, National Research University Higher School of Economics, Russia; and Victor Petrov,
National Research University Higher School of Economics, Russia
The Risk of Bankruptcy - Interdisciplinary Research
Iancu Eugenia, Stefan cel Mare University, Romania; Irina Cibotariu, Stefan cel Mare University,
Romania; Rozalia Kicsi, Stefan cel Mare University, Romania; and Colomeischi Tudor, Stefan cel
Mare University, Romania
27
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14 EBES Conference - Barcelona
October 23-25, 2014
MANAGEMENT VII
Room: Re
Chair: Mari Kooskora
International Diversification or Firm Resources? Examining Their Effects on Firm Performance Risk
Nejat Capar, Meliksah University, Turkey
National Currency Changeover to Euro: Case of Micro Enterprises of Trading Sector
Ilmars Kreituss, RISEBA University, Latvia and Madara Pavare, RISEBA University, Latvia
Comparative Research on Leadership Profile of Estonian and Finnish Female Top Executives
Mari Kooskora, Estonian Business School, Estonia and Marta Piigli, Estonian Business School,
Estonia
A Business Approach to Information Systems of Italian Public Administration - From Governance to Egovernment
Ubaldo Comite, University of Calabria, Italy
Analyzing Relationships between Organizational Cynicism and Organizational Silence: A Comparative
Study on Textile and Food Sectors
Sabire Sen, Usak University, Turkey
University Students’ Perceptions and Attitudes about Entrepreneurship and their Intentions to Startup
Businesses: Literature Review
Adil Hasan Khalid, Sohar University, Oman
HUMAN RESOURCES & EDUCATION
Room: Mi
Chair: Ivan Etzo
Students Workload: Differences among Study Branches and Higher Education Institutions in Latvia
Ieva Brence, RISEBA University, Latvia and Inara Kantane, Latvian Academy of Sciences, Latvia
Financial Literacy Enhancement as a Task of Latvian Population Financial Education
Andris Sarnovics, BA School of Business and Finance, Latvia; Inese Mavlutova, BA School of
Business and Finance, Latvia; Liga Peiseniece, BA School of Business and Finance, Latvia; and
Santa Berzina, BA School of Business and Finance, Latvia
Career Choice Motivation among Students in the North-Western Hungarian Vehicle Industrial District
Szabolcs Ramhap, Szechenyi Istvan University, Hungary
Connecting the Learning and Real-Life Outcomes of Enterprise Education
Inna Kozlinska, University of Tartu/University of Turku, Estonia/Finland and Tõnis Mets, University of
Tartu, Estonia
Work Environment, Stress and Burnout among Egyptian Teachers
Sahar Mohamed Badawy, The British University in Egypt (BUE), Egypt
BANKING III
Room: Fa
Chair: Robert W. Vivian
Ecological Evolution of Financial Market
Leszek Dziawgo, Nicolaus Copernicus University, Poland
Impression Management through Banks’ Annual Report Graphs
Laivi Laidroo, Tallinn University of Technology, Estonia and Nele Tamme, Tallinn University of
Technology, Estonia
28
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14 EBES Conference - Barcelona
October 23-25, 2014
A securitization Fund in the Securitization Process in Poland
Dorota Krupa, Nicolaus Copernicus University, Poland and Michal Buszko, Nicolaus Copernicus
University, Poland
Comparing the Financial Performance of Banks in Turkey with the Aid of PROMETHEE Method
Fusun Gokalp, Celal Bayar University, Turkey
Adjusting for Revaluation of Currency and Securities in the Empirical Analysis of Comparative Bank
performance
Mikhail Mamonov, Higher School of Economics, Center for Macroeconomic Analysis and Short-term
Forecasting, Moscow, Russia and Andrei Vernikov, Higher School of Economics, Russia
Relationship between R&D and Firm Value in an Emerging Financial Market: Evidence from Turkey
Hasan Ayaydin, Anadolu University, Turkey and Ibrahim Karaaslan, Anadolu University, Turkey
Eurasian Banks’ National Culture: Effect on Loan Losses Provisions and Risk-Weighted Assets
Ana Isabel Lopes, ISCTE-IUL, Portugal
TOURISM I
Room: Sol
Chair: Nevenka Cavlek
Outbound Leisure Tourism Market of Saudi Arabia
Mourad Mansour, King Fahd University of Petroleum and Minerals, Saudi Arabia and Alhassan G.
Mumuni, Western Michigan University, U.S.A.
Public Relations in the Tourism Sector
Andreanna Tragouda, Technological Institute of Central Macedonia, Greece
Competitiveness of Turkish Tourism and Travel Sector in the Context of Sustainable Development: A
Meso-Level Comparison with the Euro-Mediterranean Countries
Meltem Caber, Akdeniz University, Turkey
Entrepreneurial Activities as a Factor of Ecotourism Development: The Case of the Plitvice Lakes
National Park, Croatia
Nevenka Cavlek, University of Zagreb, Croatia; Vanja Budimski, University of Zagreb, Croatia; and
Danijela Ferjanic Hodak, University of Zagreb, Croatia
The Importance of Electronic Commerce in Tourism Sector
Ibrahim Bas, Selcuk University, Turkey
KEYNOTE SPEAKER: 12:10-12:40
Room: Sol
Systemic Risk, Financial Crises and Macroprudential Policy
Jose-Luis Peydro, Universitat Pompeu Fabra Barcelona, Spain
SESSION III: 12:40-14:35
HUMAN RESOURCES III
Room: Do
Chair: Siti Zaleha Abdul Rasid
The Impact of Mother and Mother-in-laws’ Work Experience on Married Women’s Labor Force
Participation
Joseph Lee, National Central University, Taiwan
29
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14 EBES Conference - Barcelona
October 23-25, 2014
The impact of globalization on the changes in industrial relations and development of employee
participation - evidence from Poland
Katarzyna Skorupinska, University of Lodz, Poland
Human Resources Management of the East and West Companies: The Case of Spain versus Japan
Pilar Curos Vila, University of Girona, Spain; Pilar Ficapal Cusí, Open University of Catalonia, Spain;
and Joan Torrent Sellens, Open University of Catalonia, Spain
The Investigation of Emotional Labor as an intervening Variable in the Relationship between
Emotional Display Rules, Burnout and Job Satisfaction
Fusun Bulutlar, Yeditepe University, Turkey and Zeliha Nil Ozbingol, Yeditepe University, Turkey
The impact of immigrants’ settlements on Italian firms
Ivan Etzo, University of Cagliari, Italy; Carla Massidda, University of Cagliari, Italy; and Romano Piras,
University of Cagliari, Italy
The impact of international migration and remittances on Female Labor Force Participation in the
Western Balkans
Esmeralda Shehaj, University of Tirana, Albania; Ardiana Gashi, University of Prishtina, Kosovo,
Artane Rizvanolli, Riinvest University, Kosovo; Hyrije Abazi-Alili, South East European University,
Macedonia; and Viktorija Atanasovska, Staffordshire University, United Kingdom
ENERGY STUDIES
Room: Re
Chair: Meltem Ucal
Forecasting Oil Price with Many Predictors
Huseyin Kaya, Bahcesehir University, Turkey
Willingness to Pay for Improvement of Energy Efficiency in Residential Buildings: A Choice
Experiment Study
Hyo-Yeon Choi, Korea University, South Korea and Seung-Hoon Yoo, Seoul National University of
Science and Technology, South Korea
Competition in Russian Oil Market: Recent Trends and Further Development
Ekaterina Sokolova, St. Petersburg State University, Russia
Representation of Non-energy Processes in Modeling of Energy Sector Development
Arvydas Galinis, Lithuanian Energy Institute, Lithuania and Vidas Lekavicius, Lithuanian Energy
Institute, Lithuania
Analysis of Awareness and Climate Change Impact in Energy Efficiency of Household Appliances
Meltem Ucal, Kadir Has University, Turkey
LABOR ECONOMICS
Room: Mi
Chair: Sung Soo Lim
Controversies about Labor Costs in Poland
Anna Krajewska, University of Lodz, Poland and Stefan Krajewski, University of Lodz, Poland
Economic Crisis - Unemployment and Occupation of Immigrants
Maria Vlachadi, University of Crete, Greece and Kostas Sourmelakis, University of Crete, Greece
Recent Developments in Agricultural Worker Supply: Reasons behind its Scarcity in Rural India
Shayequa Zeenat Ali, Jawaharlal Nehru University, India
National and non-National Labor Demand and Policy Implications in Saudi Arabia
Ahmad Sulaiman Binobaid, King Saud University, Saudi Arabia
30
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14 EBES Conference - Barcelona
October 23-25, 2014
Labor Force Participation of Elderly in Malaysia: Evidence from Household Income Expenditure
Survey
Saidatulakmal Mohd, Universiti Sains Malaysia, Malaysia
The Development of Unemployment in the European Union´s Labor Market Due to the Recent
Economic Crisis, Using Cluster Analysis
Tomas Pavelka, University of Economics, Prague, Czech Republic and Tomas Loster, University of
Economics, Prague, Czech Republic
Informality and Poverty: A Causality Dilemma with Application to Egypt
Hanan Hussien Ramadan Nazier, Cairo University, Egypt and Racha Ramadan Mohamed, Cairo
University, Egypt
GROWTH AND DEVELOPMENT / INTERNATIONAL TRADE
Room: Fa
Chair: Ayla Ogus Binatli
Competitiveness of Russian Pharmaceutical Industry
Svetlana Bekareva, Novosibirsk State University, Russia
Price Setting in Online Markets: Evidence from a Major Shopping Platform
Yuriy Gorodnichenko, UC Berkeley, U.S.A.; Viacheslav Sheremirov, FRB Boston, U.S.A.; and
Oleksandr Talavera, University of Sheffield, United Kingdom
The Monetary Policy Effects in Transition Economies: An Empirical Analysis
Gilson Pina, University of Minho, Portugal
Wheat or Strawberries? Intermediated Trade with Limited Contracting
Kala Krishna, Penn State University, U.S.A. and Lena Sheveleva, Cardiff University, UK
The Impact of Exchange Rate Uncertainty on Exports of Malaysia
Alam Khan, University of Malaya, Malaysia; Zarinah Yusof, University Malaya, Malaysia; and
Muhammad Shoaib, Kohat University of Science & Technology, Pakistan
International Competitiveness of Olive Oil Sector: The Case of International Olive Council (IOC)
Ozer Ozcelik, Dumlupinar University, Turkey; Guner Tuncer, Dumlupinar University, Turkey; and
Berna Turkekul, Ege University, Turkey
TOURISM II
Room: Sol
Chair: Mourad Mansour
Ten Essential Steps to Boost the Romanian Tourism Sector
Bogdan Andrei Budica, University of Craiova, Romania; Adrian Budica, University of Craiova,
Romania; Ilie Budica, University of Craiova, Romania; and Tudor Florin, University of Craiova
Romania, Romania
The Impact of Technological Changes and Use of Internet on the Distribution Channels in Tourism
and Hospitality - Case Study of Four Star Independent City Hotel "IN" in Belgrade
Branislava Hristov, Belgrade University, Serbia; Igor Kovacevic, Belgrade University, Serbia; and
Bojan Zecevic, Belgrade University, Serbia
Tour Operating Business: Survival or Revival?
Nevenka Cavlek, University of Zagreb, Croatia; Antonio Vlahov, University of Zagreb, Croatia; and
Vera Krnajski Hrsak, University of Zagreb, Croatia
Enotourism - a new profitable business? Poland’s case
Elzbieta Szymanska, Bialystok University of Technology, Poland and Katarzyna Jesiotr, Bialystok
University of Technology, Poland
31
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14 EBES Conference - Barcelona
October 23-25, 2014
Economic Effects of European Capital of Culture Maribor 2012: An Ex-Post Econometric Verification
Approach
Andrej Srakar, University of Ljubljana, Slovenia
Health Tourism and Customer Satisfaction at the Konya-Ilgin Thermal Spring Businesses
Abdullah Tarinc, Selcuk University, Turkey
SESSION IV: 14:40-16:35
MANAGEMENT VIII
Room: Do
Chair: Olen Gunnlaugson
Problems and Constraints in the Implementation of the Process Approach in an Organization
Alicja Gebczynska, Wroclaw School of Banking, Poland
The Cultural Heritage Preservation and Promotion through Development of Creative Industries
Martynas Radzevicius, Vilnius University, Lithuania
How to Attract Investments to Agricultural Enterprises in Latvia: Manager’s Perspective
Inese Mavlutova, BA School of Business and Finance, Latvia and Andris Sarnovics, BA School of
Business and Finance, Latvia
Hayek’s Influence on Peter F. Drucker’s Post-Capitalist Society
Sevinc Soyocak Ozalp, Hitit University, Turkey
Combating Economic Depression by IMF Conditionality - The Bitter Pill
Jugal Kishore Goyal, Jagan Institute of Management Studies, India
Empowering Authentic Leadership Development in a VUCA World
Olen Gunnlaugson, Laval University, Canada
FINANCE AND EMPIRICAL STUDIES ON EMERGING ECONOMIES
Room: Re
Chair: Suparatana Tanthanongsakkun
Fiscal Preconditions for Successful Inflation Targeting: the Case of Serbia
Milutin Jesic, Belgrade University, Serbia
Efficient Market Hypothesis in Central and Eastern European Stock Markets
Claudiu Botoc, West University of Timisoara, Romania
Public Policy, Quality of Institution and Economic Growth in Central and Eastern European Countries
Bogdan Dima, West University of Timisoara, Romania and Dorin Madalin Dogaru, West University of
Timisoara, Romania
Asymmetric Risks of Momentum Strategies
Victoria Dobrynskaya, National Research University Higher School of Economics, Russia
The Evolution of Personal Income Tax in the European Union during Economic Global Crisis Period
Nicoleta Mihaela Florea, University of Craiova, Romania and Raducu Buziernescu, University of
Craiova, Romania
Factors Affecting a Fluctuation of Housing Prices
Leonid M. Grigoryev, National Research University Higher School of Economics, Russia and Iuliia
Litvinenko, National Research University Higher School of Economics, Russia
32
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14 EBES Conference - Barcelona
October 23-25, 2014
ACCOUNTING & AUDIT III
Room: Mi
Chair: Paul Lee
New Evidence about Property Companies Valuation - The Impact of Fair Value Application on
Company´s Fundamental Value
Alexander Müller, Complutense University Madrid, Spain and Esther Fidalgo, Complutense University
Madrid, Spain
Principle Based Agricultural Business Accounting Policy Formation
Neringa Stonciuviene, Aleksandras Stulginskis University, Lithuania; Danute Zinkeviciene,
Aleksandras Stulginskis University, Lithuania; and Lina Martirosianiene, Aleksandras Stulginskis
University, Lithuania
Earnings Management and the Effect of Leverage and Taxation: Empirical Evidence from Italian NonListed Firms
Gaetano Matonti, University of Salerno, Italy; Aurelio Tommasetti, University of Salerno, Italy; and Jon
Tucker, University of the West of England, United Kingdom
Transition from Tax Records to Double-entry Bookkeeping in the Czech Republic
Libuse Svobodova, University of Hradec Kralove, Czech Republic
What do we know about fraud in small and medium enterprises (SMEs)?
Abdoulaye Nguilla Sow, University Teknologi Malaysia, Malaysia; Rohaida Basiruddin, University
Teknologi Malaysia, Malaysia; and Siti Zaleha Abdul Rasid, University Teknologi Malaysia, Malaysia
Trade Influence of Iran and Turkey in Central and Western Asia Markets
S. Mahnaz Hosseini P.K., Institute for Trade Studies and Research, Iran and Mohammad Reza
Abedin Moghanaki, Institute for Trade Studies and Research, Iran
ECONOMICS OF INNOVATION & ENERGY STUDIES
Room: Fa
Chair: Jong-Rong Chen
Development of Business Clusters and Innovativeness of the EU Economies
Szczepan Figiel, University of Warmia and Mazury in Olsztyn, Poland and Dominika Kuberska,
University of Warmia and Mazury in Olsztyn, Poland
Economic and Social Implications of the Internet of Things in Europe in relation to Business
Jaroslav Kacetl, University of Hradec Kralove, Czech Republic and Petra Maresova, University of
Hradec Kralove, Czech Republic
Innovation: Antecedents and Consequences
Bilal Erdem, Selcuk University, Turkey
Does Income Inequality Affect the Environmental Kuznets Curve of Carbon Dioxide Emissions in
China? Evidence from Dynamic Panel Data Analysis
Tingting Li, University of Science and Technology of China, China
The Determinants of CO2 Emissions in the Former Soviet Union: Empirical Analysis
Yulia Raskina, European University at St. Petersburg, Russia
A Structural Decomposition Analysis of CO2 Main Drivers for the Spanish Economy
Jose M. Cansino, University of Seville, Spain; Manuel Ordoñez, University of Seville, Spain; and Rocio
Roman, University of Seville and CentrA, Spain
33
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14 EBES Conference - Barcelona
October 23-25, 2014
HUMAN RESOURCES IV
Room: Sol
Chair: Wan Khairuzzaman Wan Ismail
Workplace Internet Leisure: Does It Affect Employee Productivity?
Farzana Quoquab, UTM International Business School, Malaysia; Nomahaza Mahadi, UTM
International Business School, Malaysia; Siti Halimah Hamid, UTM International Business School,
Malaysia; and Wan Khairuzzaman Wan Ismail, UTM IBS/Jazan University, Malaysia
Does it make a difference? The Development of a Performance Appraisal based on Data
Envelopment Analysis and Employee´s Responses to it
Manuela Koch Rogge, Hochschule Harz, Germany
The Role of Contextual Factors on the Perceived Content of the Psychological Contract: Police
Officers versus Academics
Angelique Pereira, Crystal Cork - Portugal, Portugal; Miguel Araújo, Public Security Police - Portugal,
Portugal; Ana Paula Ferreira, University of Minho, Portugal; and Regina Leite, University of Minho,
Portugal
How Destructive Social Aspects Inhibits Innovation in Organization
Agnieszka Wojtczuk-Turek, Warsaw School of Economics, Poland and Dariusz Turek, Warsaw School
of Economics, Poland
SHRM Practices and Firm Performance: Is it a Potential Leverage in Competitiveness?
Loo-See Beh, University of Malaya, Malaysia and Leap-Han Loo, University of Malaya, Malaysia
HR Role in using KM Strategies to Drive Value within Organizations
Otilia Maria Bordeianu, Stefan cel Mare University, Romania
COFFEE BREAK: 16:20-16:50
SESSION V: 16:40 18:35
FINANCIAL CRISIS
Room: Do
Chair: Jan Frait
The Uncertainty of Systemic Risk
Thomas Ilin, Cranfield University, United Kingdom and Liz Varga, Cranfield University, United
Kingdom
Anatomy of the 2009 Eurozone Sovereign Debt Crisis: Kindleberger-Minsky Paradigm
Amir Nasry Rofael Armanious, Macquarie University, Australia
A Regime Switching Analysis of Contagion from the U.S. Subprime Mortgage-Backed Securities
Market
Lisa Sheenan, Central Bank of Ireland, Ireland and Thomas Flavin, NUI Maynooth, Ireland
Internal Innovativeness and Management of Current Finances of Enterprises in Poland
Małgorzata Okręglicka, Czestochowa University of Technology, Poland
The Determinants of Banking Crises: The case of Eurozone countries
Didar Erdinc, American University in Bulgaria, Bulgaria and Julija Prodani, American University in
Bulgaria, Bulgaria
Consumer Debt and Financial Fragility in Italy
Barbara Cavalletti, University of Genoa, Italy; Corrado Lagazio, University of Genoa, Italy; Daniela
Vandone, University of Milan, Italy; and Elena Lagomarsino, University of Genoa, Italy
34
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14 EBES Conference - Barcelona
October 23-25, 2014
Paradox of Financial Instability and Credit Risk Formation
Jan Frait, Czech National Bank, Czech Republic
INDUSTRIAL ORGANIZATION II
Room: Re
Chair: Kala Krishna
Harmonization of Serbia’s Industrial Policy with the Common Industrial Policy of the EU
Milena Lutovac, Belgrade University, Serbia
Monopolistic Margins in the Polish Food Sector
Szczepan Figiel, University of Warmia and Mazury in Olsztyn, Poland and Justyna Kufel, IAFE-NRI,
Warsaw, Poland
Environmental Management Practices in Polish Enterprises
Oksana Seroka-Stolka, Czestochowa University of Technology, Poland
Multi-sided Platforms and Emerging Markets: A Case of Russia
Sergey Yablonskiy, St. Petersburg State University, Russia
Assessment of Logistics Companies in the Global Market
Sylwia Legowik-Swiącik, Czestochowa University of Technology, Poland; Beata Skowron-Grabowska,
Czestochowa University of Technology, Poland; and Agnieszka Wojcik-Mazur, Czestochowa
University of Technology, Poland
Nonlinear Model of Military Expenditure Convergence: Evidence from ESTAR Nonlinear Unit Root
Test
Mehmet Huseyin Bilgin, Istanbul Medeniyet University, Turkey; Lau Chi Keung Marco, Northumbria
University, UK; and Ender Demir, Istanbul Medeniyet University, Turkey
HEALTH ECONOMICS
Room: Mi
Chair: Sung Soo Lim
European Healthcare Systems - a Comparative Approach
Viorela Ligia Vaidean, Babes-Bolyai University Cluj-Napoca, Romania
In Times of Sickness: The Labor-Supply Response of Family Members
Sung Soo Lim, American University in Dubai, U.A.E.
Education Affects Health: Empirical Evidence from Turkey
Furkan Besel, University of Sakarya, Turkey and Fatih Yardimcioglu, University of Sakarya, Turkey
Financial Repercussions in Relation to Immigration Policy Research about Immigration and the
Financial Repercussions
Maria Vlachadi, University of Crete, Greece; Amalia Tzakaki, University of Crete, Greece; Chryssoula
Pandelaki, University of Crete, Greece; and Maria Stavgianoudaki, University of Crete, Greece
The use of simulation modeling in the analysis of the Economic aspects of diseases in old age
Petra Maresova, University of Hradec Kralove, Czech Republic; Hana Tomaskova, University of
Hradec Kralove, Czech Republic; and Kamil Kuca, UHK, Czech Republic
Application of Stochastic Cooperative Games in Researches of Processes of Interaction of Economic
Agents
Pavel Konyukhovskiy, St. Petersburg State University, Russia
35
th
14 EBES Conference - Barcelona
October 23-25, 2014
MANAGEMENT IX
Room: Fa
Chair: Ender Demir
The Rethink of Design in the Post-industrial Era
Tong Wu, Northwestern Polytechnical University, China and Dengkai Chen, Northwestern
Polytechnical University, China
Challenges of a Financial Model for a PPP-Project
Ali Turhani, Faculty of Economy, UAXH, Albania
The Specific of Cartel Markets in the Countries of Developing Culture of Competition
Jurgita Bruneckiene, Kaunas University of Technology, Lithuania and Irena Pekarskiene, Kaunas
University of Technology, Lithuania
On Crowdsourcing as a Form of Innovation of Enterprises: Case Study for Poland
Katarzyna Lukasik, Czestochowa University of Technology, Poland; Katarzyna Brendzel-Skowera,
Czestochowa University of Technology, Poland; and Helena Koscielniak, Czestochowa University of
Technology, Poland
The Impact of Organizational Culture on Knowledge Management in the Light of Empirical Studies
Katarzyna Lukasik, Czestochowa University of Technology, Poland; Katarzyna Brendzel-Skowera,
Czestochowa University of Technology, Poland; and Helena Koscielniak, Czestochowa University of
Technology, Poland
Enterprise Innovation Management in the Selected Countries of Central and Eastern Europe
Aneta Pachura, Czestochowa University of Technology, Poland; Piotr Tomski, Czestochowa
University of Technology, Poland; and Piotr Kuras, Czestochowa University of Technology, Poland
36
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