Crete, an exquisite island, is located between Europe, Asia and Africa, and in the north, is it surrounded by the Cretan Sea and in the south, by the Libyan Sea. It has become…
Abstract
Crete, an exquisite island, is located between Europe, Asia and Africa, and in the north, is it surrounded by the Cretan Sea and in the south, by the Libyan Sea. It has become known as one of the most alluring tourist destinations in Europe. This is attributed to its geographical location, extraordinary flora and fauna, a unique natural phenomenon, such as the Gorge of Samaria, and its rich historical monuments. The archaeological sites in Crete (Knossos palace) are worldwide known and can be visited along with the famous Byzantine monuments. As it is understood, such churches and their artifacts mainly appeal to visitors with particular religious interests. At the same time, for the modern tourist who is interested beyond the usual attractions, there are also developed traditional settlements, the Sustainable tourism and Ecotourism, traditional cultural events and feasts, as well as exhibitions of popular art. Regarding the economy, over the last decade, an important growth in agriculture (the climate encourages a lot of bio‐cultures), industry and finally tourism has taken place. However, a more general growth is also to be seen in other economic sectors (manufacture, trade etc.) that benefit from the increase in the number of consumers annually, due to the surge in tourism. This radiograph of the island of Crete demonstrates all the natural and cultural elements that are impressive and rare within one area, and which, if exploited correctly, may create other tourist models based on natural and cultural resources.
Ecotourism is proposed as an alternative, to mass tourism, avenue of tourist growth is proposed for Crete. Ecotourism will contribute to the development of the region, through the…
Abstract
Ecotourism is proposed as an alternative, to mass tourism, avenue of tourist growth is proposed for Crete. Ecotourism will contribute to the development of the region, through the exploitation of its natural beauty, while preserving the island's natural environment. This paper is about upgrading the quality of and protecting the natural environment of the region, as Crete is an island full of beauties and astonishing physical divergence that will amaze its visitors. Our research aim was to select the appropriate form of ecotourism that will lead to the tourist and social upgrade of Crete while being friendly to the environment.
Ioannis Dokas, George Geronikolaou, Stephanos Papadamou and Eleftherios Spyromitros
This study investigates the dynamic interactions between the financing of entrepreneurship through Private Equity and several factors, such as stock market valuations, gross…
Abstract
Purpose
This study investigates the dynamic interactions between the financing of entrepreneurship through Private Equity and several factors, such as stock market valuations, gross domestic product and consumer prices, and the effect of monetary policy in the decision for investments.
Design/methodology/approach
Our methodology consists in applying a panel vector autoregression approach that allows testing the causality of the variables of interest without assuming any specific direction. We disaggregate private equity to venture capital investments and later stage private equity and we uncover their asymmetric response to the examined factors. All types of investments are shown to be affected by GDP, stock prices, consumer prices and interest rates. However, the effect of the latter three variables are evidently more pronounced in later stage private equity compared to venture capital.
Findings
Our findings contribute to the understanding of the motives behind Venture Capital and Private Equity financings and uncover novel paths of the transmission of monetary policy to entrepreneurial finance.
Originality/value
The novelty of this research concerns the investigation of the monetary policy impact on investment decisions, including venture capital and private equity. This article provides significant highlights for the first time in the relative literature, offering new knowledge in the investment decision-making process in a dynamic framework.