Search results
1 – 10 of 29George E. Halkos, Aikaterini Leonti and Eleni Sardianou
The purpose of this study is to identify the reasons for visiting the urban park Antonis Tritsis in Athens, Greece, focusing on visitors’ motives and perceived characteristics of…
Abstract
Purpose
The purpose of this study is to identify the reasons for visiting the urban park Antonis Tritsis in Athens, Greece, focusing on visitors’ motives and perceived characteristics of the park. When urban parks are located in areas that are particularly densely populated are characterized as green lungs and are easily accessible to the residents of the municipality. Therefore, the aim of the study is to analyze both the motives and perceived characteristics that visitors attribute in the case of the biggest urban park in Athens, Greece.
Design/methodology/approach
The survey was conducted from August 2018 to March 2019 and the responses of 377 visitors were collected. Antonis Tritsis Park is the largest metropolitan park in the Attica, Greece. A principal component factor analysis was used and two-factor models were developed to determine the reasons for visiting the Tritsis Park.
Findings
The application of factor analysis revealed the presence of three components in case of the motives for the visit and six components concerning the perceived characteristics of the park. Results suggest that visitors’ motives are related to environmental and social benefits. The park contributes to increased real estate value. Educational and cultural activities are also found as important benefits, whereas lack of safety and limited infrastructure are considered important barriers to revisit the park.
Research limitations/implications
Recognizing the motivations of visitors, policymakers will be able to configure the park infrastructure according to the stated preferences.
Practical implications
Recognizing the motivations of visitors and the perceived characteristics of the park, policymakers will be able to configure the park infrastructure according to the stated preferences. If the services provided by the Tritsis Park are based on the preferences of its visitors, their satisfaction can be maximized and consequently improve the quality of life and contribute to sustainable development.
Originality/value
The innovation of the study is to analyze not only the perceived positive characteristics of the park but also barriers that affect visitors’ revisit intention toward the urban park of Antonis Tritsis. This is important in the case of metropolitan areas because the researchers understand what benefits are provided to them and how public administration should manage barriers to visiting urban parks so as to promote effective sustainability.
Details
Keywords
George E. Halkos and Stylianos N. Nomikos
This paper reviews and analyzes the corporate social responsibility (CSR) legal framework worldwide, discussing the new CSR definition which comprises legal features and debates…
Abstract
Purpose
This paper reviews and analyzes the corporate social responsibility (CSR) legal framework worldwide, discussing the new CSR definition which comprises legal features and debates for and against CSR validation. The work contributes in linking CSR and corporate laws by considering the legislative approaches worldwide.
Design/methodology/approach
CSR has mostly a voluntary character whilst it entails a normative condition attributable to social and market demands. A detailed examination of CSR worldwide is presented paying attention to international CSR legal framework in Europe, USA, Asia, Africa and Australia. Arguments for and against CSR legalization are studied.
Findings
The authors show that more regulations have to be launched mainly concerning the consequences of corporations' activities impacting the environment. Governments should promote CSR and relative encouragements focusing on a win-win state of affairs for companies.
Research limitations/implications
It seems that in the future, more regulations will be established particularly concerning the effect of companies' activities toward the environment. Little research has been conducted on the legal aspect of CSR; therefore, future research should focus on this, providing new insights. Analysis in sector level will be helpful and instructive.
Practical implications
Many further disputes have to be worked out to set up and support arrangements which will direct and observe conversions into sustainable, habitable and low pollution.
Originality/value
The authors examine and discuss in details CSR schemes around the world concentrating to the international CSR legal framework in Europe, the USA, Asia, Africa and Australia. At the same time, the authors study the arguments for and against CSR legalization.
Details
Keywords
George Halkos and Antonis Skouloudis
The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) at the macro-level and well-established dimensions of national culture…
Abstract
Purpose
The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) at the macro-level and well-established dimensions of national culture offered by Hofstede’s framework.
Design/methodology/approach
The authors employ a composite index for quantifying CSR proliferation and present new findings on the role of cultural specificity – proxied by Hofstede’s dimensions – on CSR endorsement among national business sectors.
Findings
Results indicate that cultural perspectives pertaining to “long-term vs short-term orientation” as well as “indulgence vs restraint” affect positively the composite CSR index, while “uncertainty avoidance” has a negative impact. In contrast, the effect of “power distance,” “individualism” and “masculinity” is found to be insignificant.
Originality/value
The study offers new insights to institutional theorists as well as political economy researchers for a deeper investigation of informal institutions, such as culture, which shape national or regional specificities of CSR and retain a moderating effect on the voluntary/self-regulation activities of business entities.
Details
Keywords
George E. Halkos and Marianna K. Trigoni
The purpose of this paper is to detect the relationship between finance and growth in the European Union countries, by searching the direction of causations.
Abstract
Purpose
The purpose of this paper is to detect the relationship between finance and growth in the European Union countries, by searching the direction of causations.
Design/methodology/approach
The growth of real sector is expressed by real GDP per capita growth (dgdpcap), while the size of the financial system by the ratio of domestic credit to GDP (domcregdp). The deposit rate and inflation are used as indexes of monetary policy. This paper estimates vector autoregressive models, based on the Akaike information criterion (AIC) and the Schartz criterion (SC) criteria and cointegration tests are conducted. To test for stationarity, the paper uses Im, Pesaran and Shin (IPS) test. In case with variables are integrated of order one I(1), the paper tests whether they are cointegrated using Pedroni's methodology.
Findings
In the short run, the size of the financial system does not directly seem to affect growth, although its increase seems to lead to an increase in the deposit rate and consequently to a decrease in real GDP per capita. However, according to the vector error correction estimates, the significance of the error correction coefficients implies that there is a relationship between real sector, financial sector and monetary policy in the long run.
Originality/value
Pedroni's methodology, which allows for heterogeneity across members and residual serial correlation, is used for the first time, in Europe, regarding the above‐mentioned variables. According to the results, there seems to be a long‐term relationship, between finance, growth and monetary policy.
Details
Keywords
George E. Halkos and Nickolaos G. Tzeremes
The rapid economic growth of China has attracted the attention of economists, researchers and politicians. China is one of the largest economies in the world, with its gross…
Abstract
Purpose
The rapid economic growth of China has attracted the attention of economists, researchers and politicians. China is one of the largest economies in the world, with its gross domestic product (GDP) rising on an average above 9 percent. This economic growth is considered responsible for environmental degradation, which appears to be the most significant problem that economic growth causes. The purpose of this paper is to explore China's carbon emissions during 1960‐2006, focusing on the role of growth, trade and the value added by various sectors.
Design/methodology/approach
Using time series data, this paper investigates China's carbon emissions during 1960‐2006, with particular focus on the direct role of growth and in connection to trade and the value added by various sectors such as agriculture, industry and services.
Findings
The authors' empirical results indicate the presence of an inverted U‐shaped curve between CO2 emissions and growth represented by the GDP per capita. Trade seems to be an important determinant in this relationship.
Practical implications
Such empirical findings provide evidence for policy implications regarding the role of growth, trade and the value added by the various sectors of the economy on environmental degradation.
Originality/value
This study is the first effort to explore the associated implications of growth, trade and the effect of the various sectors' value added on environmental damage in an environmental Kuznets curve framework.
Details
Keywords
George Halkos and Dimitrios Bousinakis
This study aims to investigate the effects of stress and job satisfaction on the functioning of a company. It seeks to focus on factors affecting stress and job satisfaction such…
Abstract
Purpose
This study aims to investigate the effects of stress and job satisfaction on the functioning of a company. It seeks to focus on factors affecting stress and job satisfaction such as number of work hours, good relations between management and employees, good function of the group and work related to employees' area of education.
Design/methodology/approach
A random sample of 425 employees in the private and public sector and two stage cluster sampling is first used to collect primary data. Factor analysis is used next to identify the responsible factors for the correlation among a large number of qualitative and quantitative variables and their influence on productivity. Logistic regression is used next presenting many useful elements concerning the function of stress, satisfaction and supportive elements on productivity.
Findings
As expected, increased stress leads to reduced productivity and increased satisfaction leads to increased productivity. When work begins to overlap with workers' personal life this implies a negative effect on productivity. Quality work is more related to conscientiousness and personal satisfaction than work load. Energetic and active individuals affect productivity positively.
Originality/value
The paper presents a number of qualitative variables as factors representing stress and satisfaction. This is achieved using factor analysis. Next logistic regression offers the odds ratio and the corresponding probability of the effect on productivity after a change in stress and satisfaction. The empirical analysis completes the existing literature contrasting different theoretical sets of predictor variables and examining their effect on productivity. Additionally, in the study the states of stress and job satisfaction are the result of the interaction of the environment's demands with the personal characteristics.
Details
Keywords
Kwasi Dartey-Baah and George Kofi Amoako
The purpose of this paper is to provide a systematic review of empirical research studies on corporate social responsibility (CSR) in emerging economies.
Abstract
Purpose
The purpose of this paper is to provide a systematic review of empirical research studies on corporate social responsibility (CSR) in emerging economies.
Design/methodology/approach
This paper employed a systematic literature review using research papers published on CSR in emerging economies from 2010 to 2019.
Findings
The findings of this paper show that the principal themes of published research articles on CSR in emerging economies are (1) effects of CSR, (2) drivers of CSR and (3) challenges of CSR. Additionally, publications on CSR in emerging economies have been dominated by studies that used quantitative approach and cross-sectional design. A significant number of studies also employed secondary data sources with most of these studies not being sensitive to sectoral influences
Research limitations/implications
The research is non-empirical.
Practical implications
CSR is an area that can mitigate some of the developmental challenges of emerging economies and also stimulate the economic growth of firms. Thus, governments and organisations must partner to provide suitable conditions that would influence organisations to incorporate CSR in their business plans.
Originality/value
This review is the first of its kind that identifies the principal thematic domains of research on CSR in emerging economies. This review also provides proof of the areas of research that need attention and also provides recommendation on future areas of study on CSR in emerging economies.
Details
Keywords
Edzuwyn Fathin Binti Haji Mahyuddin, Mohammad Iranmanesh, Azlan Amran and Behzad Foroughi
This study aims to explain how board and hotel characteristics affect biodiversity reporting and to test the moderating effect of market diversification.
Abstract
Purpose
This study aims to explain how board and hotel characteristics affect biodiversity reporting and to test the moderating effect of market diversification.
Design/methodology/approach
The annual reports of 105 hotels were examined for the period between 2016 and 2017 to analyse these hotels’ biodiversity reporting using content analysis. The partial least squares technique was used to test the proposed relationships.
Findings
The results show that the number of board members who are also on the corporate social responsibility committee, number of board members who are in environmental organizations, the star rating of the hotel, hotel size and hotel location have significant positive effects on the extent of biodiversity reporting. In addition, market diversification moderates positively the effects of number of board members with environmental experience and number of board members from environmental organizations on the extent of biodiversity reporting.
Practical implications
The results of this study will be useful in enabling hotel manager and investors to become knowledgeable about these aspects of boards, which lead to higher biodiversity reporting. This study can also inform policymakers about the types of hotels that are less likely to disclose biodiversity reports and to develop effective enforcement of regulations.
Originality/value
These findings extend the literature on biodiversity reporting by exploring the importance of board and hotel characteristics on the extent of biodiversity reporting and testing the moderating effect of market diversification.
Details
Keywords
George Hondroyiannis, Eleni Sardianou, Vasilis Nikou, Kostas Evangelinos and Ioannis Nikolaou
The vast amounts of waste generated today threaten economies and societies due to high environmental and management costs. The aim is to investigate the short- and long-term…
Abstract
Purpose
The vast amounts of waste generated today threaten economies and societies due to high environmental and management costs. The aim is to investigate the short- and long-term patterns of municipal waste generation (MWG) in response to socio-economic and demographic growth variables at national and regional levels.
Design/methodology/approach
A panel data approach employing ordinary least squares (OLS), fixed effects (FE), random effects (RE), fully modified least squares (FMOLS) and error correction model (ECM) techniques. A sample of 28 European countries (2000–2020) and 44 European Union (EU) regions (2000–2018) were selected.
Findings
During periods of economic growth and higher employment rates, consumer confidence tends to increase, leading to elevated levels of consumer spending and consumption. Intensification in the production factors, specifically capital and employment, results in an upsurge in MWG, thereby creating a cycle where waste generation becomes deeply entrenched in the economic system in both the short and long terms. Rapid population growth, attributed to higher fertility rates, is associated with increased MWG. At the regional level, a double-aging process and a shift toward an aging population exert less pressure on MWG in both the short and long term. Promoting higher levels of environment-oriented human development yields various benefits, including the generation of greater knowledge spillovers, enhanced environmental literacy, a shift toward circular thinking and the promotion of greener entrepreneurship. Increased R&D expenditures facilitate the development of innovative waste reduction technologies, fostering improvements in waste management techniques, recycling processes and the utilization of sustainable materials.
Research limitations/implications
The research examines the short- and long-term adjustments of MWG in response to changes in macroeconomic variables from low aggregation (countries) to high aggregation (regions). By analyzing the relationship between economic growth, urbanization, healthcare system quality, labor market functioning, demographic trends, educational level, technological advancement and MWG, the study fills a research gap and enhances understanding of waste management interventions. However, data availability and waste statistics accuracy should be considered. Future research could explore the relationship between macroeconomic variables and waste generation in sectors beyond MWG, such as industrial or construction waste, for a more comprehensive understanding of waste generation as a whole.
Practical implications
The positive correlation between economic activity levels and waste generation in both the short and long terms, emphasizes the criticality of investing in waste reduction and recycling infrastructure to mitigate landfill waste. The negative correlation between population density and waste generation stresses the importance of strategic waste facility placement in low-density areas. To effectively manage higher MWG, tailored waste collection systems and initiatives promoting healthy lifestyles are of immense importance. The positive relationship between employment rates and waste generation underscores the necessity of waste reduction programs that generate employment opportunities. The positive correlation between fertility rates and waste generation emphasizes the need for the expansion of extended producer responsibility programs to include products and materials specifically associated with families and child-rearing. Education campaigns and governmental support for research and development (R&D) in waste reduction technologies are also integral components of an effective waste management strategy.
Originality/value
The short- and long-term adjustments of MWG reacts to shifts in macroeconomic variables from low aggregation (countries) to high aggregation (regions). Previous research has neglected the long-term information contained in variables by not incorporating the lagged error correction term (ETM). Neglecting this aspect could result in imprecise estimates of the elasticities.
Details