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What effects could global value chain and digital infrastructure development policies have on poverty and inequality after COVID-19?
Del Carpio, Ximena V.; Cuesta, José; Kugler, Maurice; … - In: Journal of Risk and Financial Management 15 (2022) 2, pp. 1-29
It is clear that in the transition out of the COVID-19 crisis in Colombia there will be great need for formal job creation. One source that has been widely discussed in policy circles is strengthening linkages of Colombian firms with Global Value Chains (GVCs). Another source that has received...
Persistent link: https://www.econbiz.de/10013201347
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The economic resilience of the Austrian agriculture since the EU accession
Quendler, Erika; Morkūnas, Mangirdas - In: Journal of Risk and Financial Management 13 (2020) 10, pp. 1-20
Ensuring sustainable and economically viable agriculture requires economic resilience before, throughout, and after a shock. This paper studies the economic resilience of Austrian agriculture within the period of 1995 to 2019. However, methods for tracking changes in economic resilience have so...
Persistent link: https://www.econbiz.de/10012611462
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The crowdfunding of altruism
Faust, Luisa; Kolbe, Maura; Mansouri, Sasan; Momtaz, Paul P. - In: Journal of Risk and Financial Management 15 (2022) 3, pp. 1-29
This paper introduces a machine learning approach to quantify altruism from the linguistic style of textual documents. We apply our method to a central question in (social) entrepreneurship: How does altruism impact entrepreneurial success? Specifically, we examine the effects of altruism on...
Persistent link: https://www.econbiz.de/10013201441
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Crowdfunding in a competitive environment
Miglo, Anton - In: Journal of Risk and Financial Management 13 (2020) 3, pp. 1-38
Crowdfunding has mostly been used to finance very unique projects. Recently, however, companies have begun using it to finance more traditional products where they compete against other sellers of similar products. Major crowdfunding platforms, Kickstarter and Indiegogo, as well as Amazon have...
Persistent link: https://www.econbiz.de/10012611282
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Zero-debt policy under asymmetric information, flexibility and free cash flow considerations
Miglo, Anton - In: Journal of Risk and Financial Management 13 (2020) 12, pp. 1-25
We build a model of debt for firms with investment projects, for which flexibility and free cash flow problems are important issues. We focus on the factors that lead the firm to select the zero-debt policy. Our model provides an explanation of the so-called "zero-leverage puzzle". It also helps...
Persistent link: https://www.econbiz.de/10012611523
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STO vs. ICO: A theory of token issues under moral hazard and demand uncertainty
Miglo, Anton - In: Journal of Risk and Financial Management 14 (2021) 6, pp. 1-35
This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...
Persistent link: https://www.econbiz.de/10012611789
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The print media convergence: Overall trends and the COVID-19 pandemic impact
Sheresheva, Marina; Skakovskaya, Lyudmila; Bryzgalova, Elena - In: Journal of Risk and Financial Management 14 (2021) 8, pp. 1-17
The study presented in the paper aims to analyze the Russian print media market before and during the COVID-19 pandemic, as well as the prospects of local media transformation in the challenging environment. In the pre-pandemic decade, there was a growing body of literature on media convergence...
Persistent link: https://www.econbiz.de/10013201048
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Designing a roadmap for human resource management in the Banking 4.0
Kuchciak, Iwa; Warwas, Izabela - In: Journal of Risk and Financial Management 14 (2021) 12, pp. 1-22
The banking sector has been going through a rapid transformation due to digitalization, regulatory requirements …
Persistent link: https://www.econbiz.de/10013201298
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The interplay between digitalization, education, and financial development: A European case study
Horobet, Alexandra; Mnohoghitnei, Irina; Zlatea, … - In: Journal of Risk and Financial Management 15 (2022) 3, pp. 1-23
The paper explores the relationship between education, digitalization, and financial development between 1996 and 2019 … framework that includes variables related to education, digitalization, and financial development, as well as several endogenous … components, financial institutions, and financial markets, digitalization, and education. Furthermore, we find that education is …
Persistent link: https://www.econbiz.de/10013201438
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Digitalization of the EU economies and people at risk of poverty or social exclusion
Kwilinski, Aleksy; Vyshnevskyi, Oleksandr; Dzwigol, Henryk - In: Journal of Risk and Financial Management 13 (2020) 7, pp. 1-14
Despite the fact that a comprehensive analysis of digitalization processes in the EU member states has been carried out …, the impact of a country's digitalization level on the risks of poverty and social exclusion requires further investigation …. The purpose of the paper is to verify a hypothesis that a higher level of national digitalization provides positive trends …
Persistent link: https://www.econbiz.de/10012611371