Eurasian Business and Economics Perspectives: Proceedings of the 39th Eurasia Business and Economics Society Conference (Eurasian Studies in Business and Economics, 26)

EBES conferences have been an intellectual hub for academic discussion in economics, finance, and business fields and provide network opportunities for participants to make long-lasting academic cooperation. This is the 26th volume of the Eurasian Studies in Business and Economics (EBES’s official proceeding series), which includes selected papers from the 39th EBES Conference which took place in 2022 in Rome. The conference was organized with the support of the Istanbul Economic Research Association in hybrid mode with both online and in-person presentations at the Faculty of Economics, Sapienza University of Rome in Rome, Italy. At the conference, 205 papers by 436 colleagues from 49 countries were presented. Both theoretical and empirical papers in this volume cover diverse areas of business, economics, and finance from many different regions. Preface Eurasia Business and Economics Society (EBES) Contents Contributors Part I: Eurasian Business Perspectives: Education The Impact of Measures During the COVID-19 Pandemic in the Education Sector: The Experience of Slovakia 1 Introduction 2 Theoretical Background: Education Management During the Pandemic and the Need to Maintain the Full-Time Education 3 The Data and Methodology 4 Anti-pandemic Management Documents in Education Sector in the Slovak Republic 5 COVID-19 Pandemic Development and Transition to Distance Education 6 Results and Discussion 7 Conclusion References Role of Social Media to Influence the Environmental Knowledge and Awareness Toward Education for Sustainable Development in Malaysia 1 Introduction 2 Literature Review 2.1 Conceptual Model and Hypotheses 2.1.1 Environmental Knowledge. Individuals’ pro-environmental attitudes can be explained by their environmental knowledge, which includes their awareness of environmental issues and “basic knowledge of information about the ecosystems” (Fryxell & Lo 2.1.2 Environmental Awareness. In order to propagate the organization’s vision, mission, publications, events, and activities, the public and private sectors, nongovernmental organizations, and others must use social media on a global scale. Typical 2.1.3 Social Media. A collection of web-based apps known as “social media” allow for the creation and exchange of user-generated content and are founded on both technological and ideological pillars (Kaplan & Haenlein, 2010). Various social media 2.1.4 Education for Sustainable Development. Sustainable education is an effective field when environmental distortions result from human efforts, and education can be the only way to correct the behavior to dominate nature (Gurbuz & Ozkan, 2019). 3 Theoretical Framework 4 Discussion 5 Conclusion References Part II: Eurasian Business Perspectives: Human Resources Management The Effect of Personal Branding Factors on Generation Y Employability and Career Satisfaction: The Case of Croatia 1 Introduction 2 Theoretical Framework 2.1 Personal Branding Concept 2.1.1 Strategic Factors of Personal Branding. Personal branding involves certain behaviour and presentation that have a strong influence on the perception and opinions of others (Rampersad, 2008) and has become a very important element of person 2.1.2 Differentiation Factors. Through personal branding, an individual creates a certain image of himself that helps to promote himself and his values, better positioning in the labour market and it is what distinguishes an individual from others 2.1.3 Technological Factors of Personal Branding. Personal branding popularity growth can be attributed to the growth of social networks, Internet communication and the fact that the concept of personal branding is becoming increasingly important 2.2 Perceived Employability 2.3 Career and Career Success 2.4 Characteristics of Generation Y in the Labour Market 3 Empirical Research 3.1 Research Goals and Hypotheses 3.2 Methodology 3.3 Research Results 4 Discussion 5 Conclusion References No Captain on Deck: A New Understanding of Leadership in Cross-Border Post-M&A Integrations 1 Introduction 2 M&A and Leadership Literature in Post-M&A Integration 3 Methods 3.1 Reliability and Validity 3.2 Coding the Data 4 Presentation of Findings 4.1 The “Relax Approach” Provides Time for the Organization and the Leaders to Learn and Absorb the Situation 4.2 When the CEO Is Absent, the Person Who Has the Capability Will Eventually Act upon It and Serve the Purpose of the CEO 4.2.1 A Bridge Between the Two Companies. The CEO, after M&As, is the natural bridge between the acquirer and the acquired companies. Although the literature did not emphasize the importance of the bridge role, it is the number one function key 4.2.2 Hold the Stability of the Organization. The chief executive officer (CEO) is vital in facilitating employees’ personal development and fulfilling a higher purpose (Woo, 2019). According to the researchers, employees quit an acquired firm b 4.2.3 Decision-Making (Distribute the Management Power). The shareholder seeks the CEO’s ability to achieve the company’s final and strategic goal. On the other side, the organization’s routine seeks the power of the CEO to lead daily management a 5 Discussion 6 Conclusion 7 Limitations References Academic Spin-Offs’ Growth: Exploring the Role of Team Vertical Diversity and Academic Knowledge Corridor 1 Introduction 2 Literature Framework 2.1 Team Composition Diversity in Academic Spin-Offs 2.2 Team Vertical Diversity and the Academic Knowledge Corridor 3 Methodology 3.1 Data Collection 3.2 Measurements 4 Results 4.1 Sample Description 4.2 Cluster Analysis 5 Discussion 6 Conclusion References Part III: Eurasian Business Perspectives: Management Cross-Industrial Analysis of High-Growth Firm Performance During the Pandemic: Middle-Sized Russian Firms’ Evidence 1 Introduction 2 Literature Review 2.1 The Nature of High-Growth Firm 2.2 High-Growth Firms’ Persistence 2.2.1 High-Growth Firms in Crises 2.3 Industrial Features of High-Growth Firms 3 Materials and Methods 4 Results and Discussion 5 Discussion 6 Conclusion References Data Management in Enterprises Under the Influence of Digital Transformation 1 Introduction 2 Literature Review 3 Research Methodology 4 Results 4.1 Data Management in Cloud Platforms 4.2 Data Management in Management Information Systems 4.3 Data Management Through Intelligent Technologies 4.4 Data Management Culture 4.4.1 Factors Influencing the Digital Culture. It is ascertained through the research that the attempts to implement strategic management of incoming and generated data in the business environment succeed in taking priority in organizations’ busin 4.4.2 Factors Influencing the Market Trends. Quantitative research was conducted on the companies mentioned hereinabove with regard to their information environments, which they carry out their business activities in finding extremely complex comb 4.4.3 Factors Influencing the Data Consumption. It is found through the analysis that managers in business organizations meanwhile face technological challenges in finding mechanisms for effective management of the ever-increasing amount of incomi 5 Discussion and Conclusion References How to Manage Delays and Disruptions at Intermodal Transportation Hubs in a Better Way? 1 Introduction 2 Methodology of Traffic Simulation of Passenger Trajectories Based on Intermodal Travel Chains 3 Methodology of the Overall Economic Evaluation and the Determination of the Damage Function Caused by Delay 4 Traffic Effects of an Intermodal Delay Management Based on an Example Incident Case 5 Economic Effects of Intermodal Delay Management in the Incident Example Case 6 Conclusions References Part IV: Eurasian Business Perspectives: Marketing Social Media Effect on Fast Fashion Retailing: Romanian Case Study 1 Introduction 2 Literature Review 2.1 Social Media 2.2 Fast Fashion 2.3 Influencers and Engagement 2.4 Alternatives: Collaborative Consumption—Thrifting, Secondhand, as well as Vintage Buying and Charity 3 Synergetic Approach of Social Media and Fast Fashion 3.1 International Development and Sustainable Issues in Fast Fashion 3.2 Social Media, Fast Fashion, and Alternatives: Romanian Case Study 3.3 Alternatives: Secondhand Stores and Rental Stores 4 Data and Methodology 5 Results and Discussions 6 Conclusion and Recommendations References “Does Your Restaurant Deliver?” The Change in Consumer Behavior Due to COVID-19 Pandemic in Restaurant Delivery Market: Study of Restaurants in Rome, Italy 1 Introduction 2 Literature Review and Theoretical Framework Development 3 Data and Methodology 4 Results and Findings 5 Conclusion and Managerial Applications 6 Limitations and Future Research References The Complexity of International Marketing: Pitfalls of Dolce & Gabbana Marketing Communication Strategy in China 1 Introduction 2 Communication as Relationship-Building Perspective Across High-Context Cultures 3 Contextual Decoding of Dolce & Gabbana PR Campaign 3.1 Historical Perspective of Chinese Cultural Values 3.2 Chopsticks: Symbolic Misinterpretation or Offense? 3.3 Economic Rise of China and Role of National Identity 4 Conclusion and Managerial Applications References Part V: Eurasian Economic Perspectives: Accounting Cloud Enterprise Resource Planning System and Its Implication on Accountants 1 Introduction 2 Literature Review 2.1 CERP System Implementation 2.2 CERP System and Its Implication on Accountants 2.3 Actor-Network Theory 3 Data and Methodology 4 Results and Discussion 4.1 Organizational Background of EnCo 4.2 EnCo’s Legacy System and Its Issues 4.3 EnCo’s CERP System Implementation 4.4 Project Management Accountants’ Roles in EnCo Before and After CERP System Implementation 4.5 Finance Accountants’ Roles in EnCo Before and After CERP System Implementation 4.6 CERP System Implementation and Its Implication on Accountants in EnCo 5 Conclusion References Business Continuity, Business Crisis and Evolution of the Auditors’ Opinion 1 Introduction 2 Literature Review 3 Data and Methodology 3.1 Dataset Collection 3.2 Methodology 4 Results and Discussion 5 Conclusions References Part VI: Eurasian Economic Perspectives: Cryptocurrencies The Impact of the COVID-19 Pandemic on Bitcoin Prices 1 Introduction 2 Literature Review 2.1 Positive Effects of the COVID-19 Confirmed Cases on Bitcoin Price 2.2 Negative Effects of the COVID-19 Confirmed Cases on Bitcoin Price 3 Data and Methodology 3.1 Data 3.2 Methodology 4 Results and Discussions 4.1 Wavelet Analysis Results 4.2 Additional Results 5 Conclusions References Is the Market Success of Dominant Stablecoins Justified by Their Collateral and Concentration Risks? 1 Introduction 2 Development of the Stablecoin Market 3 Price Stability Mechanism of Stablecoins 4 Collateral Risk for Stablecoins 5 Concentration Risk for Stablecoins 6 Conclusion References Part VII: Eurasian Economic Perspectives: Finance Stock Price Synchronicity and Information Disclosure Quality: Evidence from China 1 Introduction 2 Literature Review 3 Hypothesis Development 3.1 Stock Price Synchronicity and Information Disclosure Quality 3.2 Difference of Credibility Between the International Big 4 Firms and the Domestic Big 6 Firms 4 Empirical Test Design 4.1 Variable Definition 4.2 Empirical Model 4.3 Data Collection and Descriptive Statistics 5 Empirical Results 6 Conclusion Appendix References Waqf Fund Management and the Blockchain Horizon 1 Introduction 2 Endowment Management 3 Waqf Management and Investment 4 The Future of Fund Management and the Relevance for Waqf 5 Blossom Finance Sukuk Case Study 5.1 The Smart Sukuk Structure 5.2 Performance, Challenges, and the Potential 6 Conclusion References The Impact of COVID-19 on the Liquidity of Chinese Corporate Bonds 1 Introduction 2 Literature Review and Hypothesis Development 2.1 COVID-19 and Financial Markets 2.2 Why Is Liquidity Important for Corporate Bonds? 2.3 Liquidity and Financial Crisis 3 Data and Methodology 3.1 Data 3.2 Methodology 4 Results and Discussions 5 Robustness Checks 6 Conclusions References Determinants of Financial Inclusion: An Evidence from an Emerging Market 1 Introduction 2 Literature Review 2.1 Oman’s Islamic Banking Services 2.2 The Utilization of Banks’ Services and Products 2.3 Financial Literacy 2.4 Consumer Protection 2.5 Social Influence 3 Research Methodology 4 Results 4.1 Confirmatory Factor Analysis 5 Discussion 6 Conclusion References Part VIII: Eurasian Economic Perspectives: Growth and Development How Do Inequality and George Floyd’s Protests Affect the Vote Shares of Trump? 1 Introduction 2 Literature Review and Hypothesis Development 2.1 Income Inequality Affects Participation in Protests 2.2 Income Inequality Is Irrelevant to Protests 2.3 George Floyd Protests Affect Vote Share of Trump 2.4 Income Inequality Affects the Vote Share 3 Data and Methodology 3.1 Data 3.2 Methodology 4 Results and Discussions 4.1 Main Results: OLS and Fixed Effect Model 4.2 Interaction Term 4.3 Dummy Variable 4.4 Logit Regression 4.5 Log-Linear Regression 4.6 Endogeneity Test 5 Conclusions References Welfare Perceptions of the Youth: A Case Study of University Students in Turkey 1 Introduction 2 Background 3 Data and Methodology 4 Results 5 Discussion 6 Conclusion References Part IX: Eurasian Economic Perspectives: Inequality Regional Development of Central European Countries in the Pre-COVID Period 1 Introduction 2 Review of the Literature 3 Data and Methods 3.1 Data and Model 3.2 Methods Used 4 Results and Discussion 5 Conclusion References Healthcare Indicators of the Czech Republic Compared with Selected Countries of the EU 1 Introduction 2 Literature Review 3 Data and Methodology 4 Findings and Discussion: Healthcare in the Selected Countries of the EU 4.1 Healthcare Staff 4.2 Healthcare Facilities 4.3 Healthcare Expenditure 4.4 Analysis Summary 4.5 Discussion 5 Conclusion References Part X: Eurasian Economic Perspectives: Public Economics Public Procurement Between Emergency and Transparency: Where We Are 1 Introduction 2 Related Literature 3 The Institutional Framework 3.1 The First Phase 3.2 The Second Phase 4 Data Description 5 Results 6 Conclusions List of Keywords References The Italian Monetary Unification and the North/South Divide 1 Introduction 2 The Gap at Unification: A Brief Overview of Scientific Literature 3 The Monetary Unification in 1862 4 Was Italy in 1861 an Optimum Currency Area? 5 Conclusions References Economists Making Art: Contemporary Art and New Narratives in Political Economy 1 Introduction 2 About Art: A Fluctuating Concept 3 Why Contemporary Art: Mixing Art and Political Economy 4 Learning Political Economy Through Contemporary Art 5 The Polyhedral Relationship Between Art and Political Economy: Economists Who Are Artists 5.1 Robert Filliou 5.2 Sebastião Salgado 5.3 Tino Sehgal 5.4 Sarah Meyohas 5.5 Anna Boghiguian 5.6 Stephen Ziliak 5.7 James Gubb 5.8 Mark Boyle 5.9 Derivart 6 Conclusions References Part XI: Eurasian Economic Perspectives: Regional Studies The Economic Impacts of EU Climate Policies on Intra-European Aviation 1 Introduction 2 Literature Review 3 EU Climate Policies on Aviation 4 Methodology and Data 4.1 Simvulation Modeling and Data 4.2 Model Estimation 5 Results 6 Conclusion and Policy Implications Appendix References The Role of Household Consumption in a Very Small, Very Open Economy 1 Introduction 2 Theoretical Background: Consumption Theories 2.1 John Maynard Keynes’ Consumption Theory 2.2 Consumption Theory with the Lifecycle Hypothesis 2.3 Consumption Theory with Relative Revenue Hypothesis 2.4 Consumption Theory with the Permanent Income Hypothesis 3 The Research Methodology 4 Results 4.1 GDP Forecast Using ARIMA Model 4.2 Consumption Forecast Using the ARIMA Model 4.3 Comparison of Slovakia with Selected Countries 4.4 Comparison of Our Results 5 Discussion 6 Conclusion References International Capital Flows and Monetary Policy in the Emerging Economies 1 Introduction 2 Literature Review 3 Discussion 4 Best Policies 5 Conclusion References